For two weeks in a row, the dollar moved up on Monday. In the first case, it was an extension of the recovery that was triggered by the good Non-Farm Payrolls report. That dollar correction ended with the not-so-great inflation numbers on Friday. Nevertheless, the dollar apparently likes Monday and is enjoying a recovery. What’s in store for the greenback? The most important events of the week are scheduled earlier: retail sales on Tuesday and the Fed meeting minutes on Wednesday. Fridays: the dollar is not in love Yet Friday also has an interesting event in store. The University of Michigan’s consumer sentiment measure will have the last word of the week. It is not as important as the previous events and does not live up to its hype about predicting retail sales., but the timing could make a difference. We But the timing could make a difference. We have seen how the JOLTs jobs report had a significant impact on the dollar despite being a lagging indicator. The empty calendar around it and the magnitude of the surprise were sufficient to trigger another leg up for the dollar. Currently, the greenback suffers from a negative bias. So, if we’ll see a miss on that number, the dollar could fall. What do you think? More: What does a successful trader do every morning before the markets open? 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD extends losses on weak German GDP Yohay Elam 6 years For two weeks in a row, the dollar moved up on Monday. In the first case, it was an extension of the recovery that was triggered by the good Non-Farm Payrolls report. That dollar correction ended with the not-so-great inflation numbers on Friday. Nevertheless, the dollar apparently likes Monday and is enjoying a recovery. What's in store for the greenback? The most important events of the week are scheduled earlier: retail sales on Tuesday and the Fed meeting minutes on Wednesday. Fridays: the dollar is not in love Yet Friday also has an interesting event in store. The University of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
