Tuesday December 27, 2016 - 20:52:18 GMT
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Forex Trading Ideas For Wednesday 28 December 2016
Pre-Market Forex Trading Ideas for 28 Dec 2016
- Markets wre slowly coming back to life on Tuesday, as a number of key centers were still closed for the Christmas break. Most centers will be back open by Wednesday, with reduced staffing. The second half of the week will see some starting to wind down for the New Year's holidays.
- On the other hand, some early bird traders like to establish positions in the period between Christmas and New Years for the start pf the new year. I think it is safe to assume that many will be looking to buy USD into the new Year.
- Wednesday features only second tier data from the U.S. Pending Homes Sales and API Weekly Crude data. They should not be market-moving releases.
WEEKLY HIGH IMPACT NEWS:
15:00 US- Pending Homes Sales
13:30 US- Weekly Jobless
16:00 US- EIA Crude
14:45 US- Chicago PMI
John M. Bland, MBA
CURRENT CONDITIONS: Mixed Risk Profile
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