Friday May 5, 2017 - 08:44:43 GMT
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Forex Trading Ideas For 5 May 2017
Trading Ideas for 5 May 2017
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Amazing Trader EVENT RISK Calendar:
Fri 5 May
00:00 JP- Holiday
12:30 US, CA- Employment
Sun 7 May
18:00 FR- Final Presidential Vote
- EVENT RISK: Friday-- 12:30 GMT US- Employment report. This is always the biggest data of the month. Markets usually react strongly to these data. The March payroll gain had been a surprisingly small +98K.
- EVENT RISK: Sunday-- FR Presidential Election. Post-debate polls say in Franch voters feel that Macron outperformed LePen in the Wednesday final Presidential debate ahead of the Sunday Presidental election. Even before the debate, the establishment candidate Macron was outpolling LePen by 20%. At this juncture a Marcon victory is priced in by the markets.
- The Fed kept monetary policy steady as expected on Wednesday. It said that the current economic weakness is likely transitory leaving open the OPTION of a potential rate hike in June. Markets continued to price in a June hike afterwards.
co-founding Partner, Global-View.com
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