Wednesday April 26, 2017 - 08:50:05 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
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:
- The current major focus of trade is the ECB meeting on Thursday. No rate changes are expected. The main focus will be on the ECB policy statement and on any hints of a future move in the direction of a policy nomalization. A normalization is inevitable, but this is all about timing. Always confirm any fundamental view with the techbicals, which often turn first.
- EVENT RISK: Wednesday @ 12:00 GMT CA- 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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