Forex trading began this week with a small strengthening of the dollar. Not much economic data is due today, but there are a few notable indicators. The dollar made gains against the British poound, the Euro and the Swiss Franc. It lost ground to the Japanese Yen. The drop in USD/JPY could be explained In Japan, Core Machinery Orders that fell by only 1.7%, much better than early expectations. Also the Economy Watchers Sentiment exceeded expectations in Japan by hitting 17.1 points, more than 13.3 that was predicted. The Current Account disappointed in Japan, standing at 0.5 trillion Yen. In Europe, German Trade Balance declined to 10.7 billion. This surplus was better than expected. EUR/USD is now at 1.2896. Later in Europe: Sentix Investor Confidence. In Canada, Housing Starts are expected to fall to 165,000, less than last month. This data will be closely watched, especially after Friday’s big disappointment in employment data. That’s it for today. Forex trading will be more interesting tomorrow. Here’s the outlook for the whole week in forex. 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 Canadian Housing Starts Fall – USD/CAD Stable Yohay Elam 14 years Forex trading began this week with a small strengthening of the dollar. Not much economic data is due today, but there are a few notable indicators. The dollar made gains against the British poound, the Euro and the Swiss Franc. It lost ground to the Japanese Yen. The drop in USD/JPY could be explained In Japan, Core Machinery Orders that fell by only 1.7%, much better than early expectations. Also the Economy Watchers Sentiment exceeded expectations in Japan by hitting 17.1 points, more than 13.3 that was predicted. The Current Account disappointed in Japan, standing at 0.5 trillion Yen. In… 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.
