Daily Alert: Wednesday 4th January 2017

Mark NugentDaily Alert, Jan 2017

Forex Analysis for Wednesday 4th January 2017

It’s been 2 weeks since my last Daily Alert. Here’s a quick review of the little that has been happening:

The USD index and USD equities have been consolidating at all time highs. European and Japanese bourses are grinding slowly upwards. Oil is choppy but moving upwards. Other currencies: the EUR is choppy. The JPY has been strengthening on the general risk-on sentiment but has weakened in the last 3 days of trading. The GBP has been consolidating just below resistance. CAD has been buoyant along with the oil price and is currently at near-term resistance. As expected, there has been no strong directional movement over the holiday period.

Economic Calendar

Notable announcements made since we last spoke: 22nd Dec saw US Final GDP q/q at a healthy 3.5% (3.3% expected). The 26th December saw Tokyo Core CPI y/y at -0.6% (-0.4% expected).

Media

Sterling’s depression looks melodramatic
GBPUSD remains most popular trading pair duringQ4 2016

Today

FOMC Meeting Minutes.

[mepr-hide if=”loggedin”]

VIP Club members please [mepr-login-link] to access your Daily Alert video.

For VIP Club members, this commentary is augmented with a short daily video where I discuss the trades I am in and the opportunities for tomorrow. If you would like a free one month trial to the VIP Club you can find out more HERE.

[/mepr-hide]

[mepr-show if=”loggedin”]


Here is your Daily Alert video. I start to discuss charts (not so much trades) at 8:10 and the profile is HERE.


There is an archive of all VIP Club member’s content on the VIP Club page.

[/mepr-show]