{lang: 'en-US'} Bitcoin analysis update and trading plan for 07/12/2017 ~ ElliottFxTrader Blog

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Thursday, 7 December 2017

Bitcoin analysis update and trading plan for 07/12/2017

Trading plan for 07/12/2017:
 The US Dollar is well on Thursday with a fresh dose of hope for enacting a tax bill in the US. Australia's weak trade balance pushed AUD down, but NZD is losing the most. EUR / USD is sitting at 1.18, but USD / JPY approaches 112.60 with the help of the growing Tokyo stock exchange. The stock market bounced after Wednesday's declines. Crude oil on in reverse. On Thursday 7th of December, the event calendar is light in important news release, but the global investors will keep an eye on German Industrial Production data, Halifax House Price Index data from the UK, Final GDP from the Eurozone, Ivey Purchasing Managers Index and Building Permits from Canada and Unemployment Claims data from the US. There is a scheduled speech from ECB President Mario Draghi later in the day as well.

Bitcoin analysis for 07/12/2017:
 Indonesian Central Bank revealed that it is considering introducing new regulations that would prohibit Bitcoin transactions from 2018.


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