FX.co ★ Trading plan 11/04/2018

Trade plan 11/04/2018

The general picture: We are waiting for the decline of the dollar.

On Wednesday, an inflation report from the U.S. will be released, particularly the retail CPI inflation. The inflation growth is not expected to rise above 2.1% for the "core", which excludes products and gasoline.

In the evening, minutes will appear from the Fed meeting in March at 18.00 London time. However, do not expect tough sentiment from the Fed. In addition, all investors understand that the Fed meeting in March could not take into account the tough attack of Trump on trade with China, as well as the subsequent wave of falling markets. Therefore, the value of the protocols has been reduced.

It is important to know whether there will be a blow to Syria. Nonetheless, both options are more likely against the US dollar.

For GBP / USD pair:

Our position is the same: we buy a pound from the level of 1.4100 or even from a big drop, down to 1.3700.