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USD and GBP look strong ahead of key data for both

The pound continues enjoying optimism regarding remaining in the EU and the USD reacts to Fed officials talking about a hike. Today these currencies will be tested on the UK jobs report which provides a relief from the Brexit talk. In the US, the Fed minutes. Also watch for a potential move in EUR/USD with updated euro-zone inflation data and the CAD for crude oil inventories.

Wrap up of the morning show for May 18th 2016:

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.