Thursday January 5, 2017 - 20:39:44 GMT
Share This Story
Global-View - www.global-view.com
Forex Trading Ideas For Friday 6 January 2017
Pre Market Forex Trading Ideas for 6 Jan 2017
- Service PMI data from the U.S. released Thursday improved, hovever the ADP Private Jobs Survey fell short of street estimates. On Friday key employment reports from the U.S. and Canada are due.
- 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.
WEEKLY HIGH IMPACT NEWS:
07:00 DE Retail Sales
13:30 US/CA- Employment/Trade
John M. Bland, MBA
CURRENT CONDITIONS: Risk-Off In Equities
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."