Trading plan for April 4

The economic calendar is mostly empty today, that is why it’s recommended to trade on the market sentiment.

At first, let's start with the fresh Brexit news. Yesterday, the House of Commons passed a bill, which would force the British Prime Minister Theresa May to seek an extension beyond April 12. The bill will require May to get the approval by the parliament for any delay and allows lawmakers to propose the length of the extension. The next focus will be on the debates of the legislation in the House of Lords. Reportedly, it can happen today. Any positive news on the progress will push the British pound up.

Also, the trade talks will continue today. US president Donald Trump will meet with Chinese Vice Premier Liu He to discuss the final stages of trade negotiations at 23:30 MT time. Analysts expect US president to announce plans for a summit with the Chinese President Xi Jinping and express his opinion on the conclusion of trade talks. Positive comments will push the risky assets up.

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This week is likely to be pivotal for many assets, including gold, USD, and several stocks. However, we need to be focused and react fast to the ever-changing environment to get the most from it.

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Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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