The US dollar continues to weaken, amidst a growing notion that not every financial sector will be bailed out by the Federal Reserve, or the American government. This notion fueled a fear of a wave of bankruptcies. Yesterday’s Consumer sentiment data from the USA was much lower than last month’s figure. A drop in consuming also hurt the American currency. Bad data in Britain, didn’t hurt the pound. The cable gained ground, despite the deep recession, probably due to the dollar’s weakness. In Canada, interest rates were lowered to a 50 year low – down 0.75% from 2.25% to 1.5%. This was a quarter of a percent sharper than expected. This big drop could indicate that the Canadian interest rate could go as low as 0%, a similar fate like its big southern neighbor. And in Switzerland, today’s ZEW consumer sentiment data is anxiuosly expected, although it has a weaker impact than yesterday’s German ZEW data on the Euro. Dollar traders are looking into the Wholesale Inventories data. All in all, today is a rather calm day. Tomorrow seems much more interesting… 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 Daily Look share Read Next Euro breaking upwards Yohay Elam 13 years The US dollar continues to weaken, amidst a growing notion that not every financial sector will be bailed out by the Federal Reserve, or the American government. This notion fueled a fear of a wave of bankruptcies. Yesterday's Consumer sentiment data from the USA was much lower than last month's figure. A drop in consuming also hurt the American currency. Bad data in Britain, didn't hurt the pound. The cable gained ground, despite the deep recession, probably due to the dollar's weakness. In Canada, interest rates were lowered to a 50 year low - down 0.75% from 2.25% to 1.5%.… 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.
