Trading plan 05.12.2018

Trading plan 05.12.2018

The overall picture: a Strong drop in the US market puzzled investors.

On Tuesday, the US stock indices showed a sharp decline - -3% on the Dow and S&P 500 - this is a lot for a daily fall for the US market.

There were no serious reasons for the fall - or we don't know about those reasons yet. It is possible that investors are tired of a long chatter in the range and, seeing a strong growth in the previous day, decided to withdraw from the position, and it took a massive character before the New Year holidays.

Ahead - important news on the USA. Today at 12.15 an employment report from ADP, and later in the evening at 18.00 GMT, the Fed's Beige book.

The pound falls on fears that on December 11 the House of Commons of Britain will not approve the EU - Britain agreement signed earlier.

Pound: we hold selling from 1.2720.

Alternative: Buy from 1.2850.


The material has been provided by InstaForex Company -