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EUR/USD down on divergence, watch out for China [Short

Yohay Elam

This is the wrap up of the full morning show we published earlier.  EUR/USD remains in focus on monetary policy divergence, with officials pulling the strings in different directions: the dollar is strengthening on reassuring talk of a December hike while the euro suffers from QE talk. The moves of these currencies are not limited to EUR/USD. For the next 24 hours, the big event to watch is Chinese’ manufacturing PMI, which is initially the key for AUD and later for all the world.

 

Original  publication is here.

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.