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Dead cat bounce day – focus moves to the US

The pound is still suffering from the Boris blow and uncertainty about the UK’s EU membership remains high. After a positive market mood helping commodity currencies and hurting the euro, we are seeing a correction and a slightly worse market mood, but this seems like a correction or a dead cat bounce for EUR/USD. The focus shifts to the double feature in US events: consumer confidence and existing home sales. Will the winning streak continue?

Wrap up of the morning show for February 23rd 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.