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Monetary policy divergence is the name of the game

Yohay Elam

In the first morning show on FXStreet, we talked about how the Fed was still prominent, with rising expectations for a Fed hike in December boosting the greenback across the board. This comes after a few bullish speeches from Fed officials. In the euro-zone, we have heard a different tune, with more talk about QE. The bigger elephant in the room is China, with the upcoming manufacturing PMI looming.

In the show we also covered the recent upbeat Australian data, the asymmetrical impact of oil on the Canadian dollar and of course, the impact of the Greek elections on the euro going forward. No impact now doesn’t mean another crisis later on.

Originally published here.

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.