Thursday February 2, 2017 - 09:29:01 GMT
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Forex Trading Ideas For Thursday 2 February 2017
Trading Ideas for 2 Feb 2017
WEEKLY Forex Economic Calendar:
2 Feb Thu
00:00 CN- Lunar Year Holiday
13:30 US- Weekly Jobless
13:30 US- Productivity
12:00 GB- Bank of England
3 Feb Fri
All Day Service PMIs
04:30 AU- Reserve Bank of Australia
13:30 US- Employment
- A full economic calendar is slated again for Thursday and Friday. The major highlights are the Bank of England meeting Thursday, Service PMIs and The Reserve Bank of Australia decision on Friday. Friday also features January U.S. employment data.
- Post Fed policy trading was a circus Wednesday with trade exceptionally active and volatile after the central bank kept rates steady as widely forecast. The decision disappointed many traders who had been HOPING for a more hawkish policy statement. The central bank was simply being cautious with two sets of employment data before the next policy decision in March.
- The GBP remains firm after U.K. PM May had a key Parliamentary victory last evening in Commons when a vote of 498-114 moved legislation along that would give her the power to set the data of when to invoke EU Article 50 to start the exit process of the U.K. from Europe.
Mild Risk-Off. Early on February 2. 2017
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