Thursday December 22, 2016 - 09:15:04 GMT
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Forex Trading Ideas For Thursday 22 December 2016
Forex Trading Ideas for 22 Dec 2016
- Trading remains cautious as the Christmas break nears. The EURUSD is slightly on the back foot again after making new lows to 1.0350. The EURUSD recovered to the 1.0450 area before stabilizing yesterday.
- Today sees a pre-holiday dump of U.S. and Canadian data early in North America. The U.S. releases Durable Goods Orders, revised 3Q16 GDP and the key core PCE deflator, which the Fed targets for inflation.
- 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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