Trading plan 05/02/2018

Trading plan 05.02.2018 The general picture: A week without important news. The main news in the beginning of the year came out: the Fed and the ECB held meetings and the monetary policy was determined until March. There was a report from the U.S. on employment indicating the U.S. economy is doing well. The question: […]

UK Markit/CIPS January services PMI 53.0 vs 54.1 exp

UK Markit/CIPS January services PMI data now out 5 Feb 54.2 prev composite PMI  53.5 vs 54.6 exp vs 54.9 prev Headline data posts a 16-month low, Soggy reading sees GBPUSD down to 1.4122 and EURGBP up to 0.8828 with GBPJPY 155.16. Bids/support in to 1.4100 and 154.80-155.00 with sellers/offers around 0.8835 to keep in […]