Tuesday May 9, 2017 - 18:18:45 GMT
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Forex Trading Ideas For 10 May 2017
Trading Ideas for 10 May 2017
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Amazing Trader Calendar:
Wed 10 May
14:30 US- EIA Crude
Thu 11 May
08:30 GB- Output & Trade
11:00 GB- Bank of England Decision
Fri 12 May
12:30 US- Retail Sales, CPI
14:00 US- Prelim University of Michigan Survey
Weekly Event Risk Agenda
Markets started out in a Risk-On mentality Tuesday which then turned mixed when the 10-yr note established the psychological 2.40% line. We think one impetus for higher bond yields has been an unwinding of French Presidential vote hedges. The focus now is turning to the June 17 Fed Meeting where a rate hike is widely expected.
- EVENT RISK: Thursday-- 08:30 GMT GB- Output and Trade. The GBP is always highly sensitive to any data that can change the macro view on the economy outlook.
EVENT RISK: Thursday-- 11:00 GMT GB- BOE policy Decision. No rate changes are expected. The focus will be on the policy hawks.
- EVENT RISK: Friday-- 12:30 US- Retail Sales and CPI. Markets can be highly sensitive to these data, given the dependence on the consumer and the Fed targeting of inflation.
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