For Traders

Analytical Reviews

Trading plan

06.12.201723:35 Forex Analysis & Reviews: Trading plan 12/06/2017

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Trading plan 12/06/2017

General picture: Markets are waiting for reports on US employment.

The report on business activity in the US services sector for November (ISM index) came well below the forecast (reading is 57, forecast is 60).

Still, the US and EU economies are in strong shape. At the same time, inflation is low, which excludes (so far) the sharp movements of the main securities.

Markets are preparing to leave for the winter holidays - but before that they are ready to play out the decisions of the Fed and the ECB (next week).

And today and on Friday the main thing is the reports on employment in the USA (on Wednesday the report from ADP at 12:15 pm London Time).

Euro: An important level of 1.1807 has been break through - but did not go down.

Enter down from 1.1799

Or upward from 1.1880

GBPUSD:

Trend upward, buy from rebound.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.