Trading plan for October 8, 2018
The general picture: Uncertainty has grown.
Low volumes in the market on Monday, the USA is a day off (Columbus Day).
In China, a sharp drop in the stock market is a reaction to the actions of the Central Bank of China, lowering reserve requirements for banks (the fourth time in a year). A signal of problems in the Chinese economy, and of course, this is the result of the Trump-China trade war.
During the week on Wednesday, an important report on US inflation.
The pound has support on the expectations of a successful agreement between Britain and the EU on Brexit.
We are ready to buy a pound from 1.3220.
Alternative: Selling from 1.2920.
The material has been provided by InstaForex Company -
www.instaforex.com