Wednesday March 22, 2017 - 08:50:37 GMT
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Forex Trading Ideas For Wednesday 22 March 2017
Trading Ideas for 22 Mar 2017
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WEEKLY Forex Economic Calendar:
22 Mar Wed
14:00 US- Existing Homes Sales
15:30 US- EIA Crude
21:00 NZ- RBNZ Decision
23 Mar Thu
09:30 GB- Retail Sales
12:30 US- Weekly Jobless
14:00 US- New Homes Sales
24 Mar Fri
All Day flash PMIs
12:30 CA- CPI
26 Mar Sun
00:00 EZ/GB Clocks + One hour
Forex Market: items driving the market in the mid-week period:
- Equities are correcting everywhere as shares had gone too long without a consolidation. This is another example of the risk of trading on "conventional wisdom" The yield on the 10-yr note has fallen to 2.40%. The overdue equity correction has come on worries that the Trump agenda is being stalled by his party's right wing and the opposition Democrats.
- The May goverment in the U.K. is scheduled to invoke Article 50 next Wednesday (March 29). Higher CPI data in February will make the BOE more vigilant. The BOE targets inflation but will not be hiking rates soon.
- There is a growing perception that the ECB in the very early stages of stepping back from its excessive policy ease. This could take a while.
- We have seen funds recently flowing from Japan to Europe as part of a new round of "carry trades"? This is on hold while equity prices adjust.
Lots to consider. Please comment...
John M. Bland, MBA
co-founding Partner, Global-View.com
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