Thursday March 23, 2017 - 18:42:46 GMT
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Forex Trading Ideas For Friday 24 March 2017
Pre-OpenTrading Ideas for 24 Mar 2017
See The Amazing Trader In Action
WEEKLY Forex Economic Calendar:
24 Mar Fri
All Day flash PMIs
12:30 CA- CPI
26 Mar Sun
00:00 EZ/GB Clocks + One hour
27 Mar Mon
08:00 DE- IFO
28 Mar Tue
14:00 US- CB Confidence
29 Mar Wed
14:00 US- Pending Homes Sales
14:30 US- EIA Crude
30 Mar Thu
12:30 US- Weekly Jobless
12:30 US- GDP
23:30 JP- CPI
31 Mar Fri
7:55 DE- Jobless
8:30 GB- GDP
9:00 EZ- flash HICP
12:30 US- Core PCE Deflator
14:00 US- final Univ of Mich
2 Apr Sun
00:00 AU/NZ- Clocks "Fall Back"
Forex Market: items driving the market in the mid-week period:
- Event Risk: Markets have been on hold ahead of the key healthcare vote this evening in Washington. The Administration needs to get past this issue before it can address key economic ussues such as tax reform and its major infrastructure program. The schedule is not by their chosing but is dictated by the rules of the Senate. The Trump agenda has been stalled by his own party's right wing and opposition Democrats.
- U.K. Retail Sales today were much stronger than seen. The May goverment is to invoke EU Article 50 next Wednesday (March 29). Odds are the terrorist episode Thursday will strengthen her hand.
- There is a growing perception that the ECB in the very early stages of stepping back from its excessive policy ease. This could take a while.
- While Wednesday featured flows INTO Japan from Europe, we had been seeing funds recently flowing from Japan to Europe as part of a new round of "carry trades"? Carry trades appear to be on hold while equity prices adjust.
Lots to consider. Please comment...
John M. Bland, MBA
co-founding Partner, Global-View.com
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