Wednesday January 11, 2017 - 20:38:04 GMT
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Forex Trading Ideas For Thursday 12 January 2017
Pre-Market Forex Trading Ideas for 12 Jan 2017
WEEKLY HIGH IMPACT NEWS:
13:30 US- Retail Sales
13:30 US- PPI
15:00 US- preliminary University of Michigan
- I was not sure what to expect from the Trump press conference Wednesday, but it certainly generated some substantial market volatility. The volatility appeared to stem from disappointment that the President-elect did not come up with statements that were supportive of the equity markets and this saw the USD fall after the markets had set up for a positive outcome.
- Thurrsday's calendar is light again in the way of potential market-moving news. U.S. weekly Jobless Claims are always a key release for economists, but markets rarely find anything in the data at current levels to elicit price volatility.
- Trump will be inaugurated as President one week from Friday, on January 20.
- 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. President-elect Trump will be inaugurated as President one week from Friday, on January 20.
John M. Bland, MBA
CURRENT CONDITIONS: Mixed Risk Profile
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