Existing home sales were expected to remain around the 4.62 million level (annualized) seen in January and they stand at 4.60 million in February, within expectations. The Philly Fed Manufacturing Index rebounded to 9 points in March. It carried expectations of a turn to positive ground from -6.3 to +4.2, so the surprise is significant, especially as this is an early indicator. The dollar rally stabilized towards the publication: EUR/USD traded around 1.3760, GBP/USD at 1.6488 and USD/JPY was stable around 102.40. The dollar resumes its rally after the publication, with EUR/USD heading down towards 1.3750. The jump in the Philly Fed Index is mostly due to the rebound in new orders, that turned from -5.2 to +5.7 now. The employment component actually dropped from 4.8 to 1.7 points. The CB Leading Index was predicted to rise by 0.3% for a second month in a row but they actually rose 0.5% in February. However, January’s number was revised down to +0.1%, so the overall figure is not that exciting. The dollar rallied hard after the hawkish FOMC statement and press conference by Yellen, which left a hint about a rate hike in the spring of 2015. This triggered a multi-layered USD rally that began late yesterday and was extended now. Here are 5 reasons for the Janet Jump. 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 Forex News Today: Daily Trading News share Read Next Borrowing costs could threaten US recovery and USD rally Justin Pugsley 8 years Existing home sales were expected to remain around the 4.62 million level (annualized) seen in January and they stand at 4.60 million in February, within expectations. The Philly Fed Manufacturing Index rebounded to 9 points in March. It carried expectations of a turn to positive ground from -6.3 to +4.2, so the surprise is significant, especially as this is an early indicator. The dollar rally stabilized towards the publication: EUR/USD traded around 1.3760, GBP/USD at 1.6488 and USD/JPY was stable around 102.40. The dollar resumes its rally after the publication, with EUR/USD heading down towards 1.3750. The jump in 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.
