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Cautious Risk-Off Posture Into Weekend In Light of Thursday Developments. Canada CPI Due
|Cautious Risk-Off Posture Into Weekend In Light of Thursday Developments. Canada CPI Due|
July 18, 2014 09:00 gmt
Daily Risk On/Off Heat Map
A risk-off posture into the weekend would be logical in the wake of the Malaysian Airline tragedy yesterday and the Israeli incursion into Gaza. . In both cases dealers are likely to know a lot more by Monday. Lasting impacts from either event are not expected.
- Today, Canadian CPI and the preliminary July University of Michigan Survey are due.
- Odds are traders will be taking a low-profile into the weekend, especially in light of th fact that the US and EU had already imposed sanctions on Russia because of Ukraine earlier in the day on Thursday.
- As for Gaza, there are hallways worries about any military or political conflicts in the Middle East because of the region's importance in global oil supplies.
- See the FOREX FORUM. for actual data, selected charts, etc.) and comments from experienced traders to events as they are released.
||BOC CPI Apr y
||U Mich prelim
Be sure to refer daily to the Global-View Economic Calendar For key items (actual data, selected charts, etc.) as they are released.
See the FOREX FORUM. for actual data, selected charts, etc.) and comments from experienced traders to events as they happen.
John M. Bland is a founding partner of Global-View.com. He was a FX consultant to major corporations. He has also been a institutional forex trader, FX analyst for a blue chip Fed watching service and an author. John has an MBA in Finance and a BA in Economics from the University of California, Berkeley.
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