Further focus on commodity currencies [Video]

After oil prices edged above $50, we have further focus on commodity currencies. The crude oil inventories report will determine the next move for oil and CAD. Will the RBNZ cut rates or will it sound optimism like the RBA? The pair is close to the double top. And also for Australia, we get Chinese inflation data after trade figures came out better than expected. Elsewhere, the Fed’s favorite job indicator, JOLTs, is released for April. In the euro-zone, buying of corporate bonds commences today and maybe that will take EUR/USD out of its range.

Wrap up for the morning show for June 8 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

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