Thursday January 26, 2017 - 09:08:00 GMT
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Forex Trading Ideas For Thursday 26 January 2017
Trading Ideas for 26 Jan 2017
WEEKLY Forex Economic Calendar:
26 Jan Thu
09:30 GB- GDP
13:30 US- Weekly Jobless
14:45 US- flash Service PMI
15:00 US- New Homes Sales
23:30 JP- CPI
13:30 US- Durable Goods
13:30 US- GDP
15:00 US- University of Michigan
- The EURUSD remains capped at around the 1.0750 area as the pair seems to have reached an equilibrium leval at the 1.0700 to 1.7050. This is unlikely to last for long as U.S. equities anf bond yields continue to press higher. The pressures from such cannot last fpr long. U.S. data today should have no lasting impact on prices.
- The equity rally triggered by infrastructure spending decisions by President Trump on Tuesday persists. Further announcements could continue to fuel rising equities and weigh on the EURUSD.
- The U.K. Supreme Court upheld High Court ruling affirming that Parlimentary approval is needed to invoke Article 50, which puts Brexit into motion. This decision should not impact the Brexit timetable.
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