{lang: 'en-US'} Bitcoin analysis and trading plan for 23/11/2017 ~ ElliottFxTrader Blog

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Thursday, 23 November 2017

Bitcoin analysis and trading plan for 23/11/2017

Trading plan for 23/11/2017:
After Wednesday's poorly received FOMC dovish statement, the financial market today fell asleep in the wake of the holiday in Japan and later in the US. USD / JPY closed the session in the US at 111.20 and since then has not deviated. In a similar style, EUR / USD sits at 1.1827. On the stock market, the red color dominates, Hang Seng is down 0.3% and Shanghai Composite fell 2.0%. Gold corrected yesterday's gains, oil is steady so far. 
On Thursday 23rd of November, the event calendar is light in important news releases, but market participants will keep an eye on German GDP data, Flash Manufacturing, Services and Composite data from Germany, France and the Eurozone, Second Estimate GDP data from the UK and Retail Sales data from Canada.

Bitcoin analysis for 23/11/2017:
According to Wall Street Journal, JP Morgan Chase is considering launching its Chicago Mercantile Exchange (CME) futures platform on Bitcoins.


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