Excellent US data: existing home sales jump to an annualized level of 5.15 million, the Philly Fed figure leaps to 28 points, and the CB Leading Index rises by 0.9%. Everything sees positive in the US economy today. Will Yellen acknowledge it? The Philly Fed Manufacturing Index for August was expected to drop to 19.7 from 23.9 expected. Existing home sales carried expectations for around 5 million (annualized) in July after 5.04 million in June (before revisions. The dollar was retreating from its highs earlier. EUR/USD traded around 1.3270, GBP/USD just under 1.66 and USD/JPY stood on around 103.70 — more coming — Markit’s manufacturing PMI surprised with 58 points, the strongest in over 4 years. Earlier, jobless claims continued flirting with the 300K level, and this time dropped below, to 298K. The main theme so far was the FOMC minutes, which weren’t too dovish. The next big event is Janet Yellen’s speech in Jackson Hole, tomorrow at 14:00. More: Forex market favors US dollar 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 GOLD: Sells Off Sharply FX Tech Strategy 9 years Excellent US data: existing home sales jump to an annualized level of 5.15 million, the Philly Fed figure leaps to 28 points, and the CB Leading Index rises by 0.9%. Everything sees positive in the US economy today. Will Yellen acknowledge it? The Philly Fed Manufacturing Index for August was expected to drop to 19.7 from 23.9 expected. Existing home sales carried expectations for around 5 million (annualized) in July after 5.04 million in June (before revisions. The dollar was retreating from its highs earlier. EUR/USD traded around 1.3270, GBP/USD just under 1.66 and USD/JPY stood on around 103.70 --… 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.
