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Wednesday, 30 August 2017

Trading plan for 30/08/2017


Trading plan for 30/08/2017: 
The volatility of the major currencies against the US Dollar is minimal except for the gaining Australian Dollar. EUR/USD after yesterday's rally over the level of 1.2050, has spent today's Asian session in 20 pips range around 1.1975.Sentiment on the stock markets has improved, but the energy markets are suffering chaos caused by hurricane Harvey. The Wall Street session ended yesterday with a modest gain. The S&P500 futures contract is minimally extended to 2450 points. 
On Wednesday 30th of August, the event calendar is busy with the important news releases. During the London session, Spain will present Consumer Price Index Flash data and Switzerland will post KOF Economic Barometer data for the last month. Later on, the UK will reveal Net Lending to Individuals and Mortgage Approvals data and Germany will present Preliminary CPI data for the last month. European Commission will release the Economic Sentiment index (ESI) data. During the US session, ADP Non-Farm Employment Change data from the US will be posted, together with Second Release GDP and GDP Price Index data. Canada will present Current Account data.

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