{lang: 'en-US'} Bitcoin analysis and trading plan for 04/12/2017 ~ ElliottFxTrader Blog

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Monday, 4 December 2017

Bitcoin analysis and trading plan for 04/12/2017

Trading plan for 04/12/2017:
The US Dollar gains on Monday supported by the adoption of the tax law by the US Senate. Nevertheless, the market is cautious. The Pound remains strong with hopes for progress in Brexit negation. On the stock market, it was red after the Friday's weak closing on Wall Street. Crude oil is growing in the USA. 
On Monday 4th of December, the event calendar is light in important news releases, but market participants will keep an eye on Construction PMI data from the UK, Unemployment Change data from Spain and Sentix Investor Confidence data from the Eurozone. Later in the day, the last piece of data worth to watch is US Factory Orders release.


Bitcoin analysis for 04/12/2017:
The Indian finance minister, Arun Jaitley, stressed that the Government of India had not yet recognized Bitcoin as a legal tender.


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