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Return of the Doves? All Eyes on Yellen

The dollar suffered some unconvincing inflation figures but did manage to stage a recovery of sorts as trader fully return from the Easter holiday. The focus remains in the US with home prices, consumer confidence and most importantly, a speech from Fed Chair Janet Yellen. Will she remain dovish like in the FOMC press conference or echo her more hawkish colleagues? While she may try not to rock the boat, her words will certainly move sensitive markets and there is a better chance that she opts for the dovish side, hurting the US dollar.

Wrap up of the morning show for Tuesday, March 29th:

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.