Trading Plan for April 3

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At first, pay attention to the trade negotiations between the US and China. Chinese vice minister will resume negotiations in Washington. According to the news sources, China has made significant progress during the last week’s negotiations and the sides have been working through the text of an agreement, that can be presented to the US and Chinese presidents.  More news on the positive progress will push the risk-weighted currencies, such as the AUD, to the new highs. If any uncertainty comes out, it will result in risk aversion and, therefore, pull the risky assets down.

Also, pay attention to the Brexit news. Reportedly, the British Prime Minister Theresa May plans to discuss the new Brexit plan with the opposition leader Jeremy Corbyn. She is stick to the idea to ask the EU for an extension until May 22. The news supported the British pound. We need to follow the headlines today to see the further progress of the Brexit deal. Any disagreements will pull the GBP down.