Friday January 6, 2017 - 10:14:12 GMT
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Forex Trading Ideas For Friday 6 January 2017
Forex Trading Ideas for 6 Jan 2017
- The main focus today is the December U.S. Employment report for December. With the Fed having hiked rates in mid-month, no impact on Jobs from the policy change is expected. Street estimates are for a rise of 175K in the month.
- Markets currently price in one rate hike by mid-year. The current focus of trading is more on the incoming Trump administration than the Fed. Canadian December employment are due as well.
- The USD gained against the Chinese yuan overnight, as apparently intervention continues by the PBOC to combat large capital outflows. Some are blaming PBOC activity for the recent instability in the USD.
WEEKLY HIGH IMPACT NEWS:
07:00 DE Retail Sales
13:30 US/CA- Employment/Trade
John M. Bland, MBA
Forex Trading News
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