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EUR/USD depressed – All eyes on Yellen

It’s a very busy day all over the world with the highlight being Janet Yellen’s testimony. Will she lift rate hike expectations for December? In addition, two key figures for the NFP are released today. Commodity currencies are looking good but the yen and especially the euro seem depressed. Draghi is depressing the common currency with dovish talk. Wrap up of the morning show:

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.