{lang: 'en-US'} Trading plan for 05/10/2017 ~ ElliottFxTrader Blog

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Thursday, 5 October 2017

Trading plan for 05/10/2017

Trading plan for 05/10/2017: 
An unexpected drop in retail sales in Australia was the only volatile moment of sleepy trading hours in Asia. The rest of forex pairs remained in narrowband fluctuations. The DXY Dollar Index is unmoved, the EUR/USD pair has found a stop at 1.1750, and USD/JPY cannot break through at 112.90. It was also quiet on the stock market. Crude Oil remains close to $50, and Gold holds at $1,275 level. 
On Thursday 5th of October, the economic calendar is light in important news releases. Early in the morning, Switzerland will release Consumer Price Index data and ECB will release Monetary Policy Meeting Accounts data. During the US session, Canada will release Trade Balance data and the US will post Unemployment Claims and Factory Orders data. Some speeches are scheduled later today from FOMC members Jerome Powell, Patrick Harker, and John Williams.

#Bitcoin analysis for 05/10/2017: https://www.instaforex.com/forex_analysis/100563
Global macro overview:  


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