Monday, January 2, means that starts a new week and at the same time new year on the markets. Will we have opportunity today to take a profitable position? It is doubtful given the small size of today’s macroeconomic calendar and a large number of economies that are still celebrating.
The new year is a good opportunity to change – both the personal as well as changes in our trading (provided that in recent months it did not bring the expected profit). A new start on the foreign exchange market should be postponed on consecutive days this week because Monday still remain festive. In connection with the New Year will be no trading on stock exchanges in:
- Japan
- Singapore
- China
- Switzerland
- Canada
- United States
- Great Britain
- Australia
- New Zealand
- Hong Kong
Investors from Europe therefore remains only to wait for the publication of the Old Continent. These also want be too much. From 9:00 begins publication of European indices CPI for the industry. As first, their calculations publish Poles. Fifteen minutes later, at 9:15 am the same index will be published in Spain.
The most important event of the day, however, remains the publication of the German PMI manufacturing index for December, which the public will be given five minutes before 10:00.
A glance at the charts
Because of extremely poor calendar nothing else is left but taking a look at the major currency pairs. Trading in the majority of brokers began a little later than usual because only around the start of the European session.
EUR/USD
USD/JPY
GBP/USD
Comparic.pl and broker HotForex warns of reduced liquidity in the course of today’s session!