Home Video – EUR/USD, GBP/USD, USD/JPY and Key Events

Video – EUR/USD, GBP/USD, USD/JPY and Key Events

In the weekly interview on Forex TV, I spoke about the main events facing us this week, the upcoming bailout for Portugal and also discussed three pairs:EUR/USD, GBP/USD and USD/JPY. This includes technical levels and the events that have an impact on them. Enjoy!

The pressure is mounting on Portugal to take a bailout. The unconfirmed reports were followed by denials, that were followed by rising yields, that will eventually by followed by a formal aid request and negotiations. This is our lesson from the previous rounds in Greece and Portugal.

The problem is with the cost of borrowing money to pay previous debt – it’s just too expensive. Portugal already paid a lot last week, and is facing another bond auction this week.

Regarding the pound, there’s a lot of uncertainty, but the general direction doesn’t look too good.

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.