Trading Plan 04/05/2019

Big Picture: Brexit and US growth slowdown.

The Brexit theme remains to be the center of attention. Despite the active negotiations between May and Corbin, there is no breakthrough in the issue of an agreement with the EU. May said that she would ask the EU for a new postponement of the exit from the EU. Both officials are trying to find a solution without a new referendum.

The US economy is clearly showing a slowdown in growth as all the latest data speak of this.

The official employment report for March will be released today at 13:30 London time. Yet, the forecasts have already been adjusted down to +150k jobs.

Everyone is waiting for the start of movement in EUR/USD pair.

We are ready to buy euros from 1.1255.

We are ready to sell from 1.1175.


The material has been provided by InstaForex Company -

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