Cairo is burning once again: Pro-Mubarak protesters are throwing stones and clashing with the masses of opposition, anti-Mubarak demonstrators. There are claims that the pro-Mubarak crowd is actually the police force, wearing plain clothes. The Egyptian army, including armored vehicles and tanks isn’t intervening. At first, they separated between the groups, but currently they’re not intervening at all. AlJazeea is reporting about the Egyptian police (via Guardian): Anti-government protesters have shown al-Jazeera the ID cards of plain clothed security police they say they seized from attackers. Yesterday, president Hosni Mubarak went on national TV and said he’ll be stepping down in September, following the presidential elections. The opposition, holding protests across Egypt estimated by 4 to 5 million, weren’t pleased. They want Mubarak to step down now. Earlier, it seemed that things are returning to normal, as internet and telephone began operating again, and that there’s a general notion that Mubarak is on his way out. There were rumors that Mubarak left to Bahrain, but his speech in the evening proved they were false. The larger fear is that the conflict in Egypt, will turn from an internal affair (or civil war) to a regional conflict. One leader of the Muslim brotherhood wants war with Israel. The Muslim Brotherhood rejected Mubarak’s speech, in which said he’ll step down in September. Update: There are reports that 3 army vehicles have been taken over by pro-Mubarak supporters. More anti-Mubarak supporters are coming into the square. Forex Impact The fresh violence in Cairo strengthens the US dollar. EUR/USD is now down under 1.38, after riding higher yesterday and earlier today. GBP/USD is also losing ground, after earlier enjoying a better-than-expected Construction PMI figure. 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 Bits share Read Next Dollar-Stocks Correlation – Has it Broken Down? Yohay Elam 12 years Cairo is burning once again: Pro-Mubarak protesters are throwing stones and clashing with the masses of opposition, anti-Mubarak demonstrators. There are claims that the pro-Mubarak crowd is actually the police force, wearing plain clothes. The Egyptian army, including armored vehicles and tanks isn't intervening. At first, they separated between the groups, but currently they're not intervening at all. AlJazeea is reporting about the Egyptian police (via Guardian): Anti-government protesters have shown al-Jazeera the ID cards of plain clothed security police they say they seized from attackers. Yesterday, president Hosni Mubarak went on national TV and said he'll be stepping down… 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.