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Thursday, 17 August 2017

Trading plan for 17/08/2017

Trading plan for 17/08/2017: 
The FOMC Meeting Minutes release has clearly weakened the US Dollar, which is losing today to all major currencies. The strongest is JPY, which is up 0.34%, then NOK and AUD (+0.2%). Among precious metals, a positive sentiment is still present, the Gold ounce is at $1287 (+0.3%), Palladium climbs +1.1%, Silver +0.1%. On the Asian stock market mixed sentiment, Shanghai Composite rose 0.35%, but Hang Seng and Nikkei lost 0.2% respectively and 0.1%. 
On Thursday 17th of August, the event calendar is busy with important data release. First, the UK will post Retail Sales With Auto Fuel data, then EU will post Trade Balance, Consumer Price Index data and ECB Monetary Policy Meeting Accounts from July. During the US session, Canada will reveal Manufacturing Sales data and US will present Unemployment Claims, Continuing Claims, Philly Fed Manufacturing Index and Industrial Production data. Later during the session, FOMC member Robert Kaplan will give a speech.

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