{lang: 'en-US'} PRE-FOMC trading plan for 22/11/2017 ~ ElliottFxTrader Blog

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Wednesday, 22 November 2017

PRE-FOMC trading plan for 22/11/2017

Trading plan for 22/11/2017:
The market remained calm at night, and limited activity on the day before the US holiday deepened the decline in volatility. USD loses slightly with the strongest movement against JPY. New records on Wall Street were an encouragement to the stock market in Asia. Crude oil rises after data on inventory fall. 
On Wednesday 22nd of November, the event calendar is quite busy, but mostly during the US session. During this time the US will release Durable Goods Orders data, Unemployment Claims data, Revised UoM Consumer Sentiment data, Crude Oil Inventories data and at the end of the trading day - FOMC Meeting Minutes.

Bitcoin analysis for 22/11/2017:
Gary Vaynerchuk at ComplexCon revealed his vision of Bitcoin's future and blockchain technology.

Global macro overview:

Chairperson Janet Yellen announced yesterday that she would not stay on the Fed board after handing over to Jerome Powell. 

The Reserve Bank of Australia (RBZ) Monetary Policy Meeting Minutes were published overnight, but no major surprises were found out.


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