Tuesday May 16, 2017 - 18:30:48 GMT
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Forex Trading Ideas For 17 May 2017
Trading Ideas for 17 May 2017
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Amazing Trader Calendar:
Wed 17 May
08:30 GB- Employment
14:30 US- EIA Crude
Thu 18 May
1:30 AU- Employment
08:30 GB- Retail Sales
Fri 19 May
12:30 CA- Retail Sales & CPI
As expected, the UK CPI data had a significant temporary impact on the GBPUSD, but its impact quickly faded. More UK data are due on Wed and Thu. The EUR remains in demand. As usual, traders are focused on financial market developments. Expect U.S. equity prices to play a leadership role.
Weekly Event Risk Agenda
- EVENT RISK: Wednesday-- 08:30 GB- Employment. The GBP is highly sensitive to these macxro economic data.
- EVENT RISK: Thursday-- 01:30 AU- Employment. There currently is a strong focus on the Australian economy. Employment data is a key economic indicator.
- EVENT RISK: Thursday-- 08:30 GB- Retail Sales. The GBP is highly sensitive to these macro economic data.
- EVENT RISK: Friday-- 12:30 CA- Retail Sales & CPI. In many months, Canada releases these two top indicators simultaneously. The top indicator for the CAD is the price of oil.
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