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Thursday, 31 August 2017

Trading plan for 31/08/2017

Trading plan for 31/08/2017: 
The US Dollar remains strong after yesterday's better than expected data from the US. The currency group of EUR, JPY, CAD and NZD deepened its weakening overnight relative to the still much stronger USD and is trading below the closing of yesterday's session. On Wall Street, markets were trading in the green, where technology sector was leading. In Asia, the Nikkei 225 is rising 0.7%, on the other hand, Shanghai Composite and Hang Seng are under the line a little. 
On Thursday 31st of August, the event calendar is quite busy with important economic releases. During the London session, Germany will present Retail Sales and Unemployment Rate data and France will post CPI data. Later on, CPI Flash and Unemployment Rate from the whole Eurozone will be posted. During the US session, Canada will present Gross Domestic Product data and Quarterly Gross Domestic Product Annualized data. The US will post Unemployment Claims, Continuing Claims, Personal Income and Personal Spending data and Chicago Purchasing Manager Index data.

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