Yesterday, the dollar made gains against all the currencies, except the Yen. Today, this trend is reversed: EUR/USD, GBP/USD and USD/CHF went against the dollar, while USD/JPY went in favor of the Japanese Yen. In Australia, the monthly Home Loans were surprisingly good – they showed a rise of 1.3%, more than 1.0% that was expected. AUD/USD now trades at 0.6771, a rise of 1.5%, after dropping significantly yesterday. In Europe, the monthly Industrial Production is expected to fall 2.1%. More from Europe: French CPI and Italian Industrial Production, both are monthly figures. The major release for today is the Retail Sales and Core Retail Sales in the US. Both sales number are expected to drop by 1.2%. Forex traders will watch this data closely. More American data: Import Prices (big fall expected due to oil prices), Business Inventories and the Beige Book. Also the weekly Crude Oil Inventories are due today. Oil prices have stabilized at 38.84, after significantly falling in the past week from about $50 per barrel. The Gaza war is still in action, with cease fire talks stalled and a looming Israel – Hizballah war being an option. The president of Venezuela, Hugo Chavez, wants to lower oil production output. Both factors aren’t sending the black gold up. 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 Oil Prices Fall on Gaza Truce Rumors Yohay Elam 14 years Yesterday, the dollar made gains against all the currencies, except the Yen. Today, this trend is reversed: EUR/USD, GBP/USD and USD/CHF went against the dollar, while USD/JPY went in favor of the Japanese Yen. In Australia, the monthly Home Loans were surprisingly good - they showed a rise of 1.3%, more than 1.0% that was expected. AUD/USD now trades at 0.6771, a rise of 1.5%, after dropping significantly yesterday. In Europe, the monthly Industrial Production is expected to fall 2.1%. More from Europe: French CPI and Italian Industrial Production, both are monthly figures. The major release for today is the… 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.
