Tuesday April 25, 2017 - 17:49:53 GMT
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Forex Trading Ideas For 26 April 2017
Trading Ideas for 26 Apr 2017
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Amazing Trader EVENT RISK Calendar:
Wed 26 Apr
06:00 DE- Retail Sales
12:30 CA- Retail Sales
14:30 US- EIA Crude
Thu 27 Apr
11:45 EZ- ECB Decision
12:30 US- Weekly Jobless
12:30 US- Durable Goods
Fri 28 Apr
08:30 GB- GDP
08:00 EZ- flash HICP
12:30 US- GDP
14:00 US- final U of M Survey
Items likely to drive FX rates:
- Markets took on a Risk-On from early on Tuesday as traders try sort out what will come next. The EURUSD bias turned positive after concern about the French election lifted. Always confirm any fundamental view with the techbicals, which often turn first.
- EVENT RISK: Wednesday @ 06:00 GMT DE- Retail Sales. Markets always are sensitive to the strength of consumer demand.
- EVENT RISK: Thursday @ 11:45 GMT EZ Central Bank decision. There was a reported leak from The ECB Tuesday saying no change from ECB is expected on Wednesday but they might change the wording of ECB's opening statement in June. Markets took these hints as EURUSD positive.
- Uncertainty persists about the implementation of the Trump economic agenda. These doubts have been a weight on the USD, equities and bond yields.
co-founding Partner, Global-View.com
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