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Wednesday, 15 November 2017

Bitcoin analysis and trading plan for 15/11/2017

Trading plan for 15/11/2017:
 Risk aversion continues to increase. Particularly clear is the pressure on commodity markets. In addition, there is a lot of doubt about the reform of the US tax system. EUR/USD after yesterday 1.0% shot to 1.18 remains close to this barrier. USD / JPY is heading towards 112.94, which cannot be surprising, as the Asian markets drops. Indices in Shanghai and Hong Kong are down more than 0.5%. On the Tokyo Stock Exchange, Nikkei 225 drops more than 1.5%. The currency of Antipodes remains weak. 
On Wednesday 15th of November, the event calendar is busy with important data release. During the London session, France will provide Consumer Price Index data, The UK will post Claimant Count Change, Unemployment Rate and Average Earnings Index data and the Eurozone will post Trade Balance data. Later on, the US will release Consumer Price Index, Retail Sales and Empire State Manufacturing Index data.


Bitcoin analysis for 15/11/2017:
Tim Draper, a technical investor who has helped create companies such as Skype, Tesla and Twitter, has a reason to praise Bitcoin because its $ 20 million digital currency investment has grown by over 1,000 percent in just three years

Global macro overview:
German GDP data beat the expectations:

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