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USD pressured ahead of the figure that hurt it most

Yohay Elam
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The positive market mood prevails and this is unhelpful for the dollar and the safe haven yen and certainly good for commodity currencies and the recovering pound. Today the US dollar faces the last hint towards the Non-Farm Payrolls tomorrow: the ISM Non-Manufacturing PMI. The services sector report hit the greenback quite hard back in February. With low expectations, will it rise now? EUR/USD is looking for a new direction.

Wrap up of the morning show for March 4th 2016:

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.

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