Wednesday January 11, 2017 - 10:01:47 GMT
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Forex Trading Ideas For Wednesday 11 January 2017
Forex Trading Ideas for 11 Jan 2017
WEEKLY HIGH IMPACT NEWS:
15:30 US- Crude
18:00 US- Trump Press Conference
13:30 US- Retail Sales
13:30 US- PPI
15:00 US- preliminary University of Michigan
- The EURUSD is well off weakest levels from Tuesday after U.S. equities apparently stabilized by mid-afternoon in the U.S.
- The major current focus of forex trade today is the first press conference in many months by President-elect Trump in many months. No doubt a largely hostile press will be trying to bait him into an inappropriate comment of some kind.
- Trump will be inaugurated as President one week from Friday, on January 20.
- The only data release of note today will be the latest EIA crude supplies. The top item of the week is retail sales data due on Friday. Next Monday, U.S. markets will be closed for the Martin Luther King Holiday.
John M. Bland, MBA
CURRENT CONDITIONS: Mixed Risk Profile
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