Thursday March 2, 2017 - 09:17:28 GMT
Share This Story
Global-View - www.global-view.com
Forex Trading Ideas For Thursday 2 March 2017
Trading Ideas for 2 Mar 2017
Register for the Amazing Trader
Amazing Trader EURUSD charts updated to your systems
WEEKLY Forex Economic Calendar:
2 Mar Thu
13:30 US- Weekly Jobless
23:30 JP- CPI
3 Mar Fri
All-Day SVC PMIs
- Markets should take their lead from equity and fixed income markets for the balance of the week. My concern in the very short term is the pace of the current rise in the price of stocks when contrasted with the relatively low level of longer-term interest rates is that one or the other (or both) might have to correct. Any significant adjustment would impact forex markets.
- The growing focus this week is the Friday speech on the economic outlook by Fed Chair Yellen in Chicago at 13:00 GMT. With the markets already having now priced in a rate hike on March, she will have to walk a narrow path so as not to mislead the markets if a rate hike is or is not tentatively planned.
- I have been writing for well over a month that I felt the Fed has wanted to raise the Fed funds rate on March 15, conditions permitting. The last couple of weeks has seen the Fed chorus all singing the same tune in favor of an early policy tightening. I don't think this is coincidence. I think it is a policy signal.
- Fed Funds futures odds on a March 15 rate hike spiked higher on Wednseday to 80% from 54% on Tuesday's close. Markets now place the odds for rate hike(s) by June at 140% (124%). Odds get a little complex with three meetings and two rate changes being considered. Suffice it to say that markets are well on their way to pricing in two rate hikes by mid-year.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."