Daily Plan

Thursday 1st June 2017 – Plan

Overnight:

  • API crude inventories draw of -8670
  • Strong Australian numbers strong retail sales, AUD under performed due to Chinese data from.
  • EU disusing a rethink of stimulus and fiscal policy.
  • Chinese manufacturing PMI Data miss.
  • UK May TV debate with Corbyn.
  • YouGov poll, lead for conservatives even smaller.

Calendar

Calendar

Important data:

  • German PMI expected 59.4
  • Euro PMI expected 57.0
  • UK PMI expected 56.5
  • US FOMC Member Powell Speaks
  • US ADP Nonfarm Employment exp 185K
  • Initial Jobless claims exp 239K
  • US Manufacturing PMI exp 52.5
  • US ISM Manufacturing Employment exp 52.8
  • US ISM Manufacturing PMI exp 54.5
  • US Crude Oil Inventories exp draw -2.517M

Trades:

  • Neutral US equities until data release – range play
  • Neutral EUR Equities – range play
  • Bullish on EUR – entry long bottom of the range
  • Short Sterling – Entry short from pivot and yesterday high.
  • Oil neutral until data, leaning on short bias.

Sterling

GBPPlan.png

Euro

EURPlan.png

EuroStoxx50

EUSTX50Plan

Oil

WTIPlan.png

 

 

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