Commodity currencies, GBP suffering, watch out for the Panama
Daily Look

Commodity currencies, GBP suffering, watch out for the Panama

Yohay Elam
Updated:

A risk off sentiment greeted traders in the new week, with dark clouds gathering around oil as well as other negative news. Commodity currencies, led by CAD, are down, and the pound is also suffering its own Tata trouble. US factory orders stand out as well as the RBA meeting. Will Stevens talk down the Aussie? The big news over the weekend of the Panama Papers does not have an immediate impact on markets, but with further revelations coming up, we should keep our eyes open.

Wrap up of the morning show for April 4th 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.

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