Forex Trading Ideas For Thursday 5 January 2017

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Thursday January 5, 2017 - 10:09:21 GMT
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Forex Trading Ideas For Thursday 5 January 2017

Forex Trading Ideas for 5 Jan 2017

Heavy forex intervention by the PBOC in the Chinese yuan to combat large capital outflows and to strengthen the currency generated havoc in overseas markets. The activity saw the USD weaken sharply vs. the EUR and JPY weaken as well. Markets have since stabilized. As in the case of the SNB fiasco, governments are likely to have words with the PBOC about being a source of market instability.

Fed Policy Minutes Wednesday sent mixed messages. The two most salient items seemed to be that increased fiscal stimulus should cause the FOMC to raise its economic growth forecasts, but that a resultant higher USD could be a restraint on inflation. As the dust settled, the markets seemingly were reading the statement as mildly hawkish.

Today sees more PMI data and the ADP Report. On Friday key employment reports from the U.S. and Canada are due.

WEEKLY HIGH IMPACT NEWS:

5-Jan Thu
Various Service PMIs
13:15 US- ADP Payrolls
13:30 US- Jobless Claims
16:00 EIA Crude
6-Jan Fri
07:00 DE Retail Sales
13:30 US/CA- Employment/Trade

John M. Bland, MBA
co-founder Global-View.com

CURRENT CONDITIONS: Mixed Risk Profile

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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 here.

Forex News
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."

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GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Tue 31 July 2018
AA JP- Bank of Japan
A 06:00 DE- Retail Sales
A 09:00 EZ- flash HICP/GDP
AA 12:30 US- Core PCE Deflator
A 14:00 US- CB Consumer Confidence
Wed 1 Aug 2018
A Final Mfg PMIs
AA 12:15 US- ADP Private Payrolls
A 15:00 US- EIA Crude
AA 18:00 US- Federal Reserve Decision
Thu 2 Aug 2018
AA 11:00 GB- Bank of England Decision
A 13:30 US- Weekly Jobless
Fri 3 Aug 2018
A Final Services PMIs
AA 12:30 US- Employment
A 12:30 US/CA- Trade

John M. Bland, MBA
co-founding Partner, Global-View.com

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Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

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The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

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Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

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Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

Thursday January 5, 2017 - 10:09:21 GMT Global-View - www.global-view.com