Markets looking for a new direction

The second week of February features the Chinese New Year celebrations and this could be good news for the Aussie, as Chinese news has usually not tilted to the upside. A two-day testimony from Fed Chair Janet Yellen stands out. Will she bury any chance for further rate hikes in 2016 as markets imply? Or surprise with hawkishness? In addition, euro-zone GDP and a focus Friday on the US consumer stand out.

Wrap up of the morning show for February 8th 2016:

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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