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December 22, 2017

FXPRIMUS, Financial Markets right before Christmas... What to expect?

Choppy trading ahead of a long holiday weekend.

This article is originally referred from FXPrimus News.

FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

The two important indicators for today will be the UK Current account, which is expected to increase from -23.2B to -21.5B and Canada’s m/m GDP; the latter is expected to stabilize at 0.2% from last month.

US will also release its durable goods orders month on month, which is expected to come at 0.5%.

Today’s Forecast for Important Trading Indicators

Market Movers

  • EURUSD – Euro range trading. Euro continued to trade with a range yesterday ahead of the long weekend holiday periods as more and more trading desks are going into holidays.
EURUSD CHART
  • USDJPY – Range Trading. Although US stocks rallied yesterday, the USD against JPY continued to trade in very tight choppy trading range.
  • GBPUSD – Implied Volatility decreased. Volatility in pound decreased ahead of the holidays which has been seen also in other currencies across the board.
GBPUSD CHART
  • USOIL – Oil continues to go higher. OIL continues to rally above 58 but struggling to pass the 60 USD mark.
  • XAUUSD – Gold maintains rise. Gold continued to trade in range too, however stayed above 1265.
  • US stocks closed higher yesterday, while yields were showing rising trends.

Original Source: FXPrimus News

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