Overall picture: the market is waiting for momentum.
As we wrote earlier, the “Italian crisis”, due to a small budget deficit, turned out to be greatly exaggerated: Italy makes concessions to the EU and reduces the target for the budget deficit.
The market is waiting for new moves in the US-China trade war: the last steps were the mutual introduction of duties – the US imposed duties on $200 billion worth of goods from China, Beijing responded with $60 billion So far – the lull. And, perhaps, the continuation will not be soon – or it will not exist at all.
Ahead of news from the US on Wednesday at 12.15 London time, the employment report from ADP will be released.
Pound: continues to consolidate.
We are ready to buy from 1.3220.
We are ready to sell from 1.2780.
The material has been provided by InstaForex Company – www.instaforex.com
Trading Plan 03.10.2018
Overall picture: the market is waiting for momentum.
As we wrote earlier, the “Italian crisis”, due to a small budget deficit, turned out to be greatly exaggerated: Italy makes concessions to the EU and reduces the target for the budget deficit.
The market is waiting for new moves in the US-China trade war: the last steps were the mutual introduction of duties – the US imposed duties on $200 billion worth of goods from China, Beijing responded with $60 billion So far – the lull. And, perhaps, the continuation will not be soon – or it will not exist at all.
Ahead of news from the US on Wednesday at 12.15 London time, the employment report from ADP will be released.
Pound: continues to consolidate.
We are ready to buy from 1.3220.
We are ready to sell from 1.2780.
The material has been provided by InstaForex Company – www.instaforex.com
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