Wednesday December 21, 2016 - 20:44:37 GMT
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Forex Trading Ideas For Thursday 22 December 2016
Pre-Market Forex Trading Ideas for 22 Dec 2016
- Trading remained cautious Wednesday as activity winds down for the Christmas break. The EURUSD continues to pivot the psychological 1.0400 line. After touching as low as 1.0350 before Tuesday, it recovered to the 1.0450 area on Wednesday. It is curently holding between 1.0400 and 1.0450.
- Wednesday saw stronger than expected Existing Homes sales data for November, which did not stir the markets. The U.S. economic calendar picks up on Thursday ahead of the Christmas break.
- 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:
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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