This is the first time since 2007 and somewhat aided by the positive jobless claims in the US, as well as with a renewed weakening of EUR/USD as Draghi talks. The “line in the sand” for the BOJ may be 125, but with falling oil prices, a weak yen is less of a problem. US jobless claims came out at 297K. While this was expected, the figure was a relief after the leap to 313K in the previous week. It is still above the rock bottom levels of around 280K seen in previous months. In the euro-zone, Draghi refrained from announcing QE, but it seems quite imminent, especially as the recent downgrade of inflation forecasts did not include the fall in oil prices. The impact of Japan’s second phase of QE announced in October continues weighing on the yen. After the initial break, the pair had a significant retreat below the previous levels. However, it managed to resume the rally shortly afterwards. At the time of writing, dollar/yen is at 120.10. This is how it looks on the chart: 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 CAD Post-BoC: It’s Not Just An Oil Story – Credit Yohay Elam 7 years This is the first time since 2007 and somewhat aided by the positive jobless claims in the US, as well as with a renewed weakening of EUR/USD as Draghi talks. The "line in the sand" for the BOJ may be 125, but with falling oil prices, a weak yen is less of a problem. US jobless claims came out at 297K. While this was expected, the figure was a relief after the leap to 313K in the previous week. It is still above the rock bottom levels of around 280K seen in previous months. In the euro-zone, Draghi refrained from… 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.
