Tuesday January 10, 2017 - 20:36:28 GMT
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Forex Trading Ideas For Wednesday 11 January 2017
Pre-Market Forex Trading Ideas for 11 Jan 2017
WEEKLY HIGH IMPACT NEWS:
09:30 GB- Industrial & Manufacturing Output
09:30 GB- Trade
15:30 US- Crude
18:00 US- Trump Press Conference
13:30 US- Retail Sales
13:30 US- PPI
15:00 US- preliminary University of Michigan
- The USD recovered off its weakest levels of the day after U.S. equities apparently stabilized by mid-afternoon in the U.S. The November JOLTS Survey released early in the day was weaker than expected. Huighlights on Wednesday will be the latest EIA crude supplies and a keenly awaited press conference by President-elect Trump at 18:00 GMT.
- One current focus of trading is a Wednesday press conference by President-elect Trump. Donald Trump will be inaugurated one week from Friday, on January 20.
- Key U.K. output and trade data are slated for early Wednesday. The GBP remains vulnerable after the weekend interview of PM May who indicated the U.K. would have full control of immigration after Brexit. Markets took her comments to mean she is pursuing a "hard" Brexit.
John M. Bland, MBA
CURRENT CONDITIONS: Weak Risk Profile
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