Dollar down ahead of critical retail sales

The doves are downing the dollar and the data could follow. While safe haven currencies don’t make the same gains as others, this is an outright sell-off of the greenback with the pound ignoring poor data and the Aussie also recovering. The next move depends on the performer of the biggest driver in the US economy: the consumer. Retail sales will set the tone for the next 24 hours.

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. Yohay's Google Profile

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