Wednesday December 21, 2016 - 09:32:08 GMT
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Forex Trading Ideas For Wednesday 21 December 2016
Forex Trading Ideas for 21 Dec 2016
- Trading is off the a cautious start today as activity has been winding down for the Christmas break. Yesterday, the EURUSD broke below the psychological 1.0400 line early and touched as low as 1.0350 before recovering to around the 1.0400 level later in the day. It is curently pivoting 1.0400.
- No major data have released earlier today. We are in pre-Christmas markets and conditions are thin. The U.S. economic calendar features Existing Homes sales and EIA Energy supply data.
- 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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