Wednesday January 4, 2017 - 20:39:21 GMT
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Forex Trading Ideas For Thursday 5 January 2017
Pre-Opening Forex Trading Ideas for 5 Jan 2017
- The latest Fed Policy Minutes sent mixed messages. What's new? The two most salient items seemed to be that increased fiscal stimulus should cause the FOMC to raise its economic growth forecasts, but that a higher USD could be a restraint on inflation. As the dust settled, the markets seemingly were reading the statement as mildly hawkish and the USD was trading off its lows of the day.
- A heavy flow of economic data contined today as agencies continue their catch up from the end of year holidays. Final PMI data from Europe saw some unusual improvements. Euphoria over the Trump Presidency persists. At some point market expectations will start to become more realistic.
- The balance of the week sees more PMI data and the key employment reports from the U.S. and Canada plus a number of other items.
WEEKLY HIGH IMPACT NEWS:
Various Service PMIs
13:15 US- ADP Payrolls
13:30 US- Jobless Claims
16:00 EIA Crude
07:00 DE Retail Sales
13:30 US/CA- Employment/Trade
John M. Bland, MBA
CURRENT CONDITIONS: Risk-On
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