Home [Video] Fate of QE2, Technical Levels. NFP and More
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[Video] Fate of QE2, Technical Levels. NFP and More

One of the most exciting weeks in forex trading began, with AUD/USD still looking towards parity, the Japanese yen close to all time lows and and awaiting a possible intervention, and of course, the main theme – QE2. In the weekly interview on Forex TV, I spoke with Julie Sinha about all these things and more. Enjoy!

There is high probability of a gradual and careful quantitative easing program, of 75-100 billion dollars a month. This is not the worst case scenario in my 5 scenarios for the QE2 decision. In such a case the dollar will enjoy a relief rally.

Apart from QE2, we discussed technical levels in AUD/USD, EUR/USD which looks to fall and the dangers of trading USD/JPY these day, especially with the surprise rate decision in Japan, moved right after the FOMC decision.

With all the noise about QE2 and Ben Bernanke, it’s important to remember that the king of forex trading is with us this week – Non-Farm Payrolls. This release and the impact are also discussed.

Want to see what other traders are doing in real accounts? Check out Currensee. It’s free..

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.