Commodity cool down and tension towards the ECB

The dollar was sold off heavily on Tuesday but now we are seeing some profit taking. The pound awaits the jobs report after Carney’s Brexit warnings and the end of the Kuwaiti strike weighs on commodity currencies after their big achievements. For the Canadian dollar, another appearance by Poloz is eyed. ECB President Draghi will speak today but will probably maintain the tension ahead of tomorrow’s rate decision. Also watch out for new home sales in the US. Will housing disappoint again?

Wrap up of the morning show for Wednesday, April 20th 2016:

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 posts by Yohay Elam