Thursday December 29, 2016 - 09:42:17 GMT
Share This Story
Global-View - www.global-view.com
Forex Trading Ideas For Thursday 29 December 2016
Forex Trading Ideas for 29 Dec 2016
- The unexpected decline in equity prices Wednesday in the U.S. is likely be end of year related an has carried over into Thursday trading.
- Markets have gone into a risk-off posture whith the yield on the U.S. 10-yr note falling to below 2.50%, last 2.481%, -3.1bp. Many equity traders mistakingly had gotten set up for "seasonal end of year equity demand". At times, conventional wisdom can be dangerous.
- Today sees weekly Jobless Claims and EIA Crude Oil inventories. Expect dealers to focus on equity prices again into year end. Expect activity to start to wind down again for the New Years break.
- Many early-bird traders like to establish positions in the period between Christmas and New Years for the start pf the new year. Many will be looking to buy USD into the new year will be disappointed.
WEEKLY HIGH IMPACT NEWS:
13:30 US- Weekly Jobless
16:00 US- EIA Crude
14:45 US- Chicago PMI
John M. Bland, MBA
CURRENT CONDITIONS: Mild Risk-Off Profile
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."