Trading plan Forex for 04.12.2018

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On Tuesday, the 4th of December, the event calendar is light in important data releases, but the global investors should pay attention to CPI data from Switzerland, Construction PMI data from the UK and Labor Productivity data form Canada. There are speeches scheduled for today from BOE Governor Mark Carney, BOE Deputy Governor for Monetary Policy Ben Broadbent and BOE Deputy Governor for Financial Stability Jon Cunliffe.

Forecast and technical analysis EURUSD on December 03, 2018.

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EURUSD: a drop is expected by close on Friday

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On Friday the 30th of November, trading on the euro closed down. The strengthening of USD was due in part to the anticipated meeting between the US President and the PRC Chairman during the G20 summit in Argentina. US President Trump tweeted that if negotiations reached a dead end, he would raise tariffs against China. This caused the rate to dip to 1.1306.

Trading plan Forex for 03.12.2018

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On Monday, the 3rd of December, the event calendar is quite rich in important data releases. During the London session, Switzerland will post Retail Sales data, the UK, Germany, France, Spain and the Eurozone will present PMI Manufacturing data. During the NY session, the US and Canada will present the manufacturing data as well. Moreover, there are some speeches scheduled for today from FOMC Member Randal K. Quarles, John Williams, Lael Brainard and Rober Kaplan.

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