The dollar is making strong moves across the board, breaking monthly records and multi-month records against various currencies. Are the markets gearing for a hawkish tone in the FOMC Meeting Minutes? Are they expecting he usually dovish Yellen to express a hawkish tone in Jackson Hole? Are yesterday’s strong housing numbers still having such a strong impact? In any case the moves are significant: EUR/USD that already broke lower yesterday, touched the 1.33 line. While this is a round number, real support awaits at 1.3295, the November 2013 low. So, we have a new 9 month low for the euro. GBP/USD extended the falls following the inflation numbers and touched the round 1.66 line. The MPC Meeting Minutes are eyed. USD/JPY broke above 103 amd at 103.15, it is trading in the highest level since April. The losses of the yen rule out a “safe haven” move. USD/CAD is on the rise at 1.0945, erasing the drops that followed the corrected jobs report. The fall in oil prices doesn’t help. AUD/USD is below 0.93 once again. This followed a dovish statement by RBA governor Glenn Stevens. It is important to note that the Aussie stands out with relative resilience. NZD/USD dropped under 0.84 following weakness in milk prices, and is now at the lowest since March. More: How to Anticipate Trends 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 EUR/USD dips to an 11 month low below 1.33 Yohay Elam 9 years The dollar is making strong moves across the board, breaking monthly records and multi-month records against various currencies. Are the markets gearing for a hawkish tone in the FOMC Meeting Minutes? Are they expecting he usually dovish Yellen to express a hawkish tone in Jackson Hole? Are yesterday's strong housing numbers still having such a strong impact? In any case the moves are significant: EUR/USD that already broke lower yesterday, touched the 1.33 line. While this is a round number, real support awaits at 1.3295, the November 2013 low. So, we have a new 9 month low for the euro.… 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.
