Wednesday December 28, 2016 - 10:27:13 GMT
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Forex Trading Ideas For Wednesday 28 December 2016
Forex Trading Ideas for 28 Dec 2016
- Today features mainly second-tier U.S. data. Pending Homes Sales figures are a useful indicator of Existing Homes Sales in coming months. API Weekly Crude data often are a leading indicator of the EIA crude figures due a day later.
- While major centers are mostly back today, many institutions are working with reduced staffing. By tomorrow, activity will start to wind down for the New Year's holidays.
- Many 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.
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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