empty
 
 
02.05.2018 11:04 AM
Trading plan 05/02/2018

Trading plan 05/02/2018

The picture: Today, the focus is on the Fed.

On Wednesday, there will be important news for the United States.

The Fed at 18.00 London time.

The rate will not be increased but the text of the statement will be "hawkish."

Report on employment for April at 12:15 London time.

The dollar is ready to continue strengthening, but it would be logical to see a big correction first.

Trump extended until June 1 the decision either to raise or not the duties of steel and aluminum for the US allies including Europe, Canada, and Mexico.

The delegation of the USA headed by Ministry of Finance, Steven Mnuchin, was left for China to trade on the issue of new duties against China, declared by Trump.

Data on the US industry for April came out with a slowdown in growth but remains strong.

The pound broke through the key support at 1.3700 and showed a reversal down.

We are waiting for a strong upward rebound towards the level of 1.3870 and sell with the target of 1.3700.

This image is no longer relevant

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback