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After Draghi, will the positive mood prevail?

Central banks are lining up to support markets, and the biggest impact came from Draghi. This correction in “risk appetite” is more significant, but will it last? A double-feature release in Canada and existing home sales in the US will have the final words in terms of indicators, but oil prices, and the mood in stocks may have the upper hand. It’s risk on for now, meaning the euro, yen and also the dollar slide against the rest, but mood swings are common.

Wrap up of the morning show. In the meantime, the trends are extended, which means a weaker euro.

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.