Sunday February 12, 2017 - 19:39:42 GMT
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Forex Trading Themes For Monday 13 February 2017
Pre-Open Trading Ideas for 13 Feb 2017
WEEKLY Forex Economic Calendar:
13 Feb Mon
No Major Data
14 Feb Tue
09:30 GB- CPI
10:00 DE- ZEW Survey
10:00 EZ- GDP
13:30 US- PPI
15:00 US- Yellen Testimony
15 Feb Wed
09:30 GB- Employment
13:30 US- Retail Sales
13:30 US- CPI
14:15 US- Industrial Production
15:00 US- Yellen Testimony
15:30 US- EIA Crude
16 Feb Thu
03:00 AU- Employment
13:30 US- Weekly Jobless
13:30 US- Housing Starts/Permits
17 Feb Fri
09:30 GB- Retail Sales
- Trading monday of the new wekk will see little in the way of market-moving data. Activity will pick up on Tuesday when Fed Chair Yellen testifies on the economy and policy. On February 1, the central bank release was cautiously optimistic. The focus will be on what hints are sent about the March 15 FOMC policy decision. Currently, the market sees only one chance in four for a rate hike at that meeting. The major question is whether Yellen will attempt to change market expectations for near term policy or not.
- There was follow-through through on the Trump tax plan statement at the end of last week. Administration sources say he is talking about a major comprehensive plan. We await further details. They have been coming out only in dribs and drabs.
- Markets have been responding positively to the the PROMISE of action, not the actual plans. There had been concerns that he was in danger of becoming bogged down in Obamacare and immigration. Dealers realize that tax reform will take time, but there is a hope now that the chronology of what he hopes to accomplish has changed. Most agree that tax reform would be likely to have the biggest positive impact on the economic growth.
- Fed Funds futures have reduced the odds of a March Fed rate hike to only 28% (24%). Markets now place the odds for a single rate hike by June at 100% (92%).
co-founder Global-View.com
Risk-On Trade In Equity And Fixed Income Markets late on February 10, 2017
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