The US dollar plunges further down today, hitting a new low with the Japanese Yen. USD/JPY is at 87.92, the lowest since August 1995. A strong move was also made by the European currency – the EUR/USD moved 2.3% up to 1.437. Only the pound failed to make a big move today, hurt by the Claimant Count Change which was lower than expected. Also other British data, such as the CBI Realized Sales hurt the pound. The forescast regarding the pung is dependant on the meeting minutes of the BOE. The unemployment rate data that is due soon will also impact the pound. It is expected to rise for the 10th consecutive month, and make the largest rise since 1992. In the Eurozone, data indicates that the recession will stay deep into 2009, but the big question is if the ECB will continue to lower the interest rates. CPI levels in Euro zone, which are expected to fall 0.5% will probably set the anual inflation at a low level of 2.1% – indicating a further cut in interest rates. 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. Forex News share Read Next Forex Daily Analysis – December 18th 2008 Yohay Elam 13 years The US dollar plunges further down today, hitting a new low with the Japanese Yen. USD/JPY is at 87.92, the lowest since August 1995. A strong move was also made by the European currency - the EUR/USD moved 2.3% up to 1.437. Only the pound failed to make a big move today, hurt by the Claimant Count Change which was lower than expected. Also other British data, such as the CBI Realized Sales hurt the pound. The forescast regarding the pung is dependant on the meeting minutes of the BOE. The unemployment rate data that is due soon will also… Top 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.
