Markets find it hard to keep quiet ahead of the all-important FOMC meeting. The worse than expected durable goods orders hit the dollar across the board, but now it can recover. CB Consumer Confidence jumps to 94.5 points in October, far better than 87.4 points expected. Together with an upwards revision to last month’s data, the greenback is back to life. The correlation between consumer confidence and actual consumption isn’t always clear. However, if we look at the previous month, retail sales disappointed and so did consumer confidence. So, if the figure is positive now, can we expected a rebound in retail sales in October? We’ll only know in a few weeks time. EUR/USD is falling and getting away from the 1.2750 line it challenged earlier. GBP/USD stalled its rise at 1.6180 and USD/JPY is back to battle 108 once again. AUD/USD already seemed to be ready to challenge 0.89 but retreated after touching 0.880. USD/CAD is up from the bottom of 1.1171. More: 5 reasons to dismiss the doubts about the end of QE 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 Sell Gold On Rallies; Stay Bullish & Long USD – Yohay Elam 7 years Markets find it hard to keep quiet ahead of the all-important FOMC meeting. The worse than expected durable goods orders hit the dollar across the board, but now it can recover. CB Consumer Confidence jumps to 94.5 points in October, far better than 87.4 points expected. Together with an upwards revision to last month's data, the greenback is back to life. The correlation between consumer confidence and actual consumption isn't always clear. However, if we look at the previous month, retail sales disappointed and so did consumer confidence. So, if the figure is positive now, can we expected a rebound… Top 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.
