Tuesday December 20, 2016 - 20:40:17 GMT
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Forex Trading Ideas For Wednesday 21 December 2016
Pre-Market Forex Trading Ideas for 21 Dec 2016
- The EURUSD broke below the psychological 1.0400 line early on Tuesday and touched as low as 1.0350 before recovering to around the 1.0400 level later in the day. Trading appeared to be thin.
- The Bank of Japan kept policy unchanged as expected, but it did upgrade its assessment of the economy. Thye said the 0% target for JGB yields would be left intact and that a weaker JPY does not pose problems.
- We are in pre-Christmas markets and conditions are thin. The economic calendar is light again Wednesday.
- Expect limited trader participation until after the turn of the year. Recall, limited volumes no longer always imply stable prices in an era of electronic trading.
WEEKLY HIGH IMPACT NEWS:
15:00 US- Existing Homes Sales
15:30 US- EIA Crude
13:30 US- Weekly Jobless
13:30 US- Durable Goods
13:30 US- GDP
13:30 US- PCE Deflator
15:00 US- New Homes Sales
15:00 US- University of Michigan Survey
John M. Bland, MBA
CURRENT CONDITIONS: Mixed Risk Profile
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