The British pound leaped 50 pips after the retail sales surged higher surprisingly. The market had expected a 0.1 drop and was surprised to hear about a whopping 3.5 percent, the highest in 22 years. In Switzerland, the central bank met expectations by keeping the interest rate at 2.75%. The decision came despite inflation worries. Some had expected a hike in the rate. Also in the US, a few economic indicators were published, but none caused a significant move for the US dollar. The US leading economic indicator, Bank of Philadelphia Survey and unemployment data remained mostly unchanged. In Germany, the Producer Price Index rose higher than expected. It sent the EUR/USD to 1.5532. More interesting economic information is due to the day. 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 Daily Analysis – June 23rd 2008 Yohay Elam 15 years The British pound leaped 50 pips after the retail sales surged higher surprisingly. The market had expected a 0.1 drop and was surprised to hear about a whopping 3.5 percent, the highest in 22 years. In Switzerland, the central bank met expectations by keeping the interest rate at 2.75%. The decision came despite inflation worries. Some had expected a hike in the rate. Also in the US, a few economic indicators were published, but none caused a significant move for the US dollar. The US leading economic indicator, Bank of Philadelphia Survey and unemployment data remained mostly unchanged. In Germany,… 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.
