Trading plan for May 24
This is Forex trading plan for Thursday, May 24…
Forex today: the risk-on sentiment returned
The US dollar is strengthening because trade wars’ tensions reduced. The yen is depreciating against the US dollar as risk appetite developed. During the Asian session, the pound had reached a new high since the beginning of February. However, the rise of the US dollar made the sterling to fall. The Australian dollar and the New Zealand dollar showed a good rise yesterday, however, both are weak today. The euro managed to go out the consolidation period reaching the highest level since the middle of February. Bitcoin has plunged below $8,000. The reason is hidden in the Twitter ban on the cryptocurrency adds.
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Trading plan for May 23
It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.
Trading plan for May 22
Last week was highly positive for the US dollar, so, it managed to end the Friday’s trading above 93.50.
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Pound’s direction in times of uncertainty
The pound is highly volatile after a Brexit referendum. Have a look what other factors affect the UK currency. And get clues on future movements of GBP.
Trading plan for May 24
This is Forex trading plan for Thursday, May 24…
Trading plan for May 23
It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.
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