Trading plan 05/21/2018
The picture: The dollar is growing again.
There is no "big news". There is news on the "trade war" of the United States - China. China said that it is ready to make concessions to the US and increase purchases of goods from the US to the amount of $ 200 billion (per year), in order to balance the trade deficits of the United States. US Finance Ministry Mnuchin said that the introduction of new duties on goods from China "paused." Negotiations on new duties on steel / aluminum for Europe are still difficult.
On a new week, the news background is sluggish, but on Wednesday the Fed reports. On Friday, orders for durable goods in the US and the speech of the head of the Federal Reserve Powell.
GBP / USD: Punched the lows, waiting for the pound to fall. We keep sales from 1.3450.
But: We buy in case of a reversal from 1.3630.
