FOMC member James Bullard, who has moved markets more than once, did it again: he dismissed the US dollar’s effect on the economy. His description of a stronger dollar on the economy as “marginal. His comments contributed to a stronger greenback. EUR/USD is trading in the lower end of the range, around 1.1313. Bullard also referred to the euro, saying that the ECB’s QE is likely to weaken the euro further. Special focus: EUR/USD finally falls out of range – more to come? GBP/USD is trading under 1.55, after already having reached 1.15550 earlier in the day. USD/JPY is climbing towards 119. AUD/USD is sliding back down below 0.79. Earlier it managed to defy gravity: rise despite weak Capex numbers. USD/CAD is at 1.2470, rising from below 1.24 earlier in the day. He also says that the Fed should remove patient from March policy statement and clear the way for a rate hike and that employment may be below 5% in the second half of the year. In October he hit the USD when he expressed worries. Data out: US jobless claims rise to 313K, core CPI 1.6% – USD stronger Bullard continues after the data is out, and says that it is stronger than expected. We soon have a big load of economic indicators from the US including the Fed’s two mandates: jobless claims and CPI. More: Despite Setbacks, Stay Strategically Bullish On USD – ANZ 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next US data is good enough – USD stronger Yohay Elam 8 years FOMC member James Bullard, who has moved markets more than once, did it again: he dismissed the US dollar's effect on the economy. His description of a stronger dollar on the economy as "marginal. His comments contributed to a stronger greenback. EUR/USD is trading in the lower end of the range, around 1.1313. Bullard also referred to the euro, saying that the ECB's QE is likely to weaken the euro further. Special focus: EUR/USD finally falls out of range - more to come? GBP/USD is trading under 1.55, after already having reached 1.15550 earlier in the day. USD/JPY is climbing… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
