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After a minor correction, all eyes are on China

Yohay Elam

After yet another “risk off” day that resulted in new lows for commodity currencies, we have seen some sort of correction. The brief US holiday could see tension towards the release of China’s GDP and other figures. Even if data is positive, will markets believe it or keep on buying the safe haven EUR and JPY while selling the rest?

Wrap up of the morning show that starts a new trading week in foreign exchange:

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.