Solid dollar awaits fresh data

Falling oil prices help the US dollar against the obvious commodity currencies and the pounded pound but it is also surprisingly stable against the safe haven euro and yen. After a day of mixed data, the focus of the day is the release of new home sales. Is the US economy growing nicely in Q1? Also GBP/USD remains dramatic after losing 1.40 amid mixed opinion polls.

Wrap up of the morning show for February 24th 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

View all posts by Yohay Elam