Trading plan for 30/08/2018

Today, finally, a macroeconomic session rich in publications are being prepared. Overnight, the market participants got to know a series of disappointing data from Australia and New Zealand, which led to the fall in the currencies of both countries. It is still a small depreciation compared to the Turkish lyre, which weakened strongly yesterday. The rest of the majors remains relatively stable with a slight advantage of USD. EUR / USD is falling below 1.17, USD / JPY is circling at 111.65, and GBP / USD at 1.3015 defending yesterday's increases. The stock market in Asia is nervous, especially in China, where success in the North American NAFTA negotiations does not translate into a greater hope for the completion of the US-China trade dispute. Shanghai Composite is losing 0.7% today. Japanese Nikkei225 is better, although it grows only 0.1 percent.

Today's Asian session was marked by weak data from Australia and New Zealand. It started at 3:00 AM from the publication of the ANZ consumer confidence index in New Zealand. The result of -50.3 points (previously -49.9 points) led to a drop in the New Zealand dollar, which lost about 40 pips compared to the USD, and the depreciation has not stopped yet.


The material has been provided by InstaForex Company -