Forex Forum Archive for 01/08/2017

GVI Trading john bland 22:00 GMT January 8, 2017
Breaking News
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Fed's Powell
-- Volcker rule not efficient
-- Congress should take another look at it
-- Causes expense, burden and marginal benefit

--wire service

GVI Trading john bland 18:23 GMT January 8, 2017
Global-View Analysis: PMIs Turning Higher

yep that's what I wrote. but not immediately.

Mtl JP 18:15 GMT January 8, 2017
Global-View Analysis: PMIs Turning Higher

So what is BOTTOM LINE of the "economic conditions are improving almost everywhere" : higher interest rates ?
all around ?

GVI Forex Blog 18:01 GMT January 8, 2017
Global-View Analysis: PMIs Turning Higher
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Its pretty clear that economic conditions are improving almost everywhere. The smoothed data make underlying trends clearer. We are approaching the end of the period of excessive central bank ease. Note the actual LEVELS of the PMIs (all above 50) as well as the upward slopes of the lines. Both are important.

Fundamentals for Trading. EXCLUSIVE CHARTs:

PMI readings are not "hard" economic statistics. I like the smoothed manufacturing series, even in Service economies, because it is more sensitive to changes in the business cycle.




EXCLUSIVE CHART: Commodity currencies (plus China).

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Global-View Analysis: PMIs Turning Higher

GVI Forex Blog 15:22 GMT January 8, 2017
Forex Trading Ideas For Monday 9 January 2017
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Pre-Market Forex Trading Ideas for 9 Jan 2017

WEEKLY HIGH IMPACT NEWS:
11-Jan Wed
09:30 GB- Industrial & Manufacturing Output
09:30 GB- Trade
15:30 US- Crude
13-Jan Fri
13:30 US- Retail Sales
13:30 US- PPI
15:00 US- preliminary University of Michigan

• No data which are likely to impact the major currency pairs are set for release on Monday. Tokyo is closed for a holiday. The U.S. then will see a number of typically low-impact trading items on Tuesday, although the JOLTS Survey is said to be closely followed by the Fed.


• One key item Monday could be any additional CNY intervention activity by the Chinese central bank, the PBOC, to combat large capital outflows. Some are blame the PBOC activity for the recent USD instability.


• The December U.S. Employment report on Friday was mixed and should have no impact on the expected future path of Fed policy. Nevertheless, it did generate the typical price volatility with the USD ending broadly higher on the day. One 25bp Fed rate hike is still priced-in by mid-year.


• The current focus of trading is more on the incoming Trump administration than the Fed. Donald Trump will be inaugurated one week for Friday, on January 20. Although a lame duck, President Obama remains active in trying to shape his "legacy" with a slew of executive orders.

GVI Forex Blog 13:35 GMT January 8, 2017
GVI Data Calendar for 8 January 2017
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January 8, 2017 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, January 9, 2017. No major data releases are slated for Monday. The major item of the week is U.S. retali sales on Friday.

• Far East: No Major Data
• Europe: DE- Trade, Industrial Output
• North America: No Major Data

WEEKLY Forex Economic Calendar:
9-Jan Mon
No Major Data
10-Jan Tue
0:30 AU- Retail Sales
11-Jan Wed
09:30 GB- Industrial & Manufacturing Output
09:30 GB- Trade
15:30 US- Crude
12-Jan Thu
13:30 US- Weekly Jobless
13-Jan Fri
02:00 CN- Trade
13:30 US- Retail Sales
13:30 US- PPI
15:00 US- University of Michigan

GVI Data Calendar for 8 January 2017

Mtl JP 10:20 GMT January 8, 2017
Audit the Fed
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bill gets new push under Trump - The Hill 01/04/17

But such a proposal, which has been vocally opposed by Federal Reserve Chairwoman Janet Yellen