On the last day of this wild week of forex trading, the trends of the last days continue: the Japanese Yen is the strongest of currencies, beating only the dollar, which in turn makes gains against all the others. The day began with some good news from Europe: the Flash Manufacturing PMI and the Flash Services PMI from both France and Germany were better than expected. Well, the expectations were quite low. Later on today from Europe: the European Flash Services PMI and Flash Manufacturing PMI. EUR/USD is currently at 1.2857. Today is yet another day for the beaten British pound: the quarterly Prelim GDP will be published and is expected to show contraction of 1.2 for the UK’s economy. At the same time, 9:30 GMT, the monthly Retail Sales will be published – an important figure. The British pound is trading vey low against all currencies: GBP/USD is now at 1.3684, aiming to fall below 1.35 and break more negative records. Also GBP/JPY is extremely low – at 120.92. Parity with the Euro isn’t near, but this pair isn’t going in favor of the pound – EUR/GBP now at 0.9395. This was also Canada’s week, seeing a rate cut this week. Also today, there’s a major release there: the monthly CPI and Core CPI (-0.3% expected). will be released at 12:00. With hardly any economic releases from the US this week, the greenback made gains on the wings of Obama. The optimism won a low Building Permits yesterday, and a very disappointing Unemployment Claims figure yesterday. Happy Forex Trading! 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 Forex Weekly Wrap Up – January 19-23 2009 Yohay Elam 14 years On the last day of this wild week of forex trading, the trends of the last days continue: the Japanese Yen is the strongest of currencies, beating only the dollar, which in turn makes gains against all the others. The day began with some good news from Europe: the Flash Manufacturing PMI and the Flash Services PMI from both France and Germany were better than expected. Well, the expectations were quite low. Later on today from Europe: the European Flash Services PMI and Flash Manufacturing PMI. EUR/USD is currently at 1.2857. Today is yet another day for the beaten British… 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.
