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Clouds darken over global economy – focus on GBP and AUD

Bad news from China and worried comments from the Fed dampened the mood and set a “risk off” reaction, reversing the fate for commodity currencies with the Aussie standing out also in the next 24 hours. Another currency in the limelight is the pound, which is under the cosh but remains hopeful for better developments. This is the wrap of our morning show.

 

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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.