Monday December 19, 2016 - 20:47:21 GMT
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Forex Trading Themes For Tuesday 20 December 2016
Pre-Market Forex Trading Ideas for 20 Dec 2016
- The USD improved during the day following a platitude-laden address by Fed Chair Yellen at the University of Baltimore. It appears the news algos took the platitudes in her commentary as policy anddrove the USD higher. We are in pre-Christmas markets and conditions are thin.The economic calendar is light again Tuesday.
- Earlier the German IFO Survey was released. This is a closely followed release inside of Germany. The December data were mixed and had little impact on trading.
- Expect limited trader participation until after the turn of the year. Recall, limited volumes no longer always imply stable prices.
WEEKLY HIGH IMPACT NEWS:
03:00 JP- BOJ Meeting
15:00 US- Existing Homes Sales
15:30 US- EIA Crude
13:30 US- Weekly Jobless
13:30 US- Durable Goods
13:30 US- GDP
13:30 US- PCE Deflator
15:00 US- New Homes Sales
15:00 US- University of Michigan Survey
John M. Bland, MBA
CURRENT CONDITIONS: Risk On Profile
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