1st on Forex: For Your Trading Success by 
Festival of Lights - Happy Happy - Joy Joy
Holiday Greetings to All - The Calendar is light this week - as it should be - and to give the volatile markets a much needed rest and break - but will the volatility calm down as the banks and corporations around the world turn off the office lights? A Happy Hanukkah to all celebrating the festival of lights.
Light News Calendar
There are several GDP Reports scheduled to be released for the US, UK, Canada, and New Zealand. Will the numbers really be a surprise to anyone if they come out a bit worse than expected?
Tuesday will have the UK GDP released at 4:30 EST and can serve as a heads up as to the volatility for the US GDP at 8:30 EST. Other news on Tuesday for the US include Consumer Sentiment, New and Existing Home Sales Data, and Investor Confidence all coming out at 10 EST.
Wednesday has Jobless claims- Durable Goods - and Personal Income and Spending Data also clustered at 8:30 EST. The EIA will release both Petroleum and Natural Gas data on Wednesday to accommodate the Christmas Holiday on Thursday. Canada releases GDP data at 8:30 on Wednesday.
For more scheduled news events … Check out my consolidated event calendar and
You are invited to attend my weekly webinar “The Week Ahead” to register click the link below.
The Week Ahead Calendar and Webinar - Click Here
Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients Click Here for a Free Self Evaluation Survey.
Hi Jerry,
From your previous experience during the holiday season as this one, have you observed any big swings during the news release? Or, is it going to be very thin and rangebound regardless of the implication of the fundamental news events?
I would appreciate your comments.
Thanks.
Hi Malcolm,
One of my favorite sayings in the FX Markets is that they know no holiday! Being a global market, some cultures do not celebrate others - and as long as a bank is open somewhere - currencies can trade - it all dpends on if you have access through your broker.
Regarding the implications of news releases and volatility during the holiday season, although it is anticipated that there will be thin volume - thus potential for wider swings, if there is surprising news “scheduled or non-scheduled” it will most likely affect the markets with more of a swing.
This market - and season is quite unique. During my webinar today I suggested that traders consider taking the Holiday Season away from trading and concentrate on reflecting on the past years trading and market - and working on a true business plan for next year.
A good way to start is with the free survey I have on my web site: http://tinyurl.com/a56tex