Forex trading began this week with a renewed dollar strength. Even USD/JPY went in favor of the dollar rising above 89, and now back at 88.74. EUR/USD is down to 1.2878, and USD/CHF is up to 1.1638. GBP/USD is also renewing its fall after a retraction late on Friday. It’s now at 1.3580. Will it plunge below 1.35? BBA Mortgage Approvals that will be released later in Britain might set the course for the pound. Existing Home Sales is the major figure of the day. It’s expected to stand at 4.4 million homes, lower than last month’s 4.49 million. Also the CB Leading Index will impact the US dollar. All in all, today features very few economic figures. The rest of the week will see lots of data. Here’s the Forex Weekly Analysis. 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 Will Obama’s Stimulus Package weaken the Dollar? Yohay Elam 14 years Forex trading began this week with a renewed dollar strength. Even USD/JPY went in favor of the dollar rising above 89, and now back at 88.74. EUR/USD is down to 1.2878, and USD/CHF is up to 1.1638. GBP/USD is also renewing its fall after a retraction late on Friday. It's now at 1.3580. Will it plunge below 1.35? BBA Mortgage Approvals that will be released later in Britain might set the course for the pound. Existing Home Sales is the major figure of the day. It's expected to stand at 4.4 million homes, lower than last month's 4.49 million. Also… 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.
