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Video – Key Events and Technical Levels

In the weekly interview on Forex TV, I spoke with Julie Sinha about key events this week and technical level of three pairs – EUR/USD, GBP/USD and AUD/USD. This is an eventful week for the British pound in particular. Enjoy!

British inflation is above target, but the labor market is also suffering. Will we see a rate hike in Britain? The Bank of England is between a rock and a hard place. A 3.7% annual inflation rate cannot be easily answered with a rate hike, when unemployment is still high.

Regarding the Euro, it has made a recovery, but fresh talks about restructuring Greek debt – meaning investors won’t get paid, is a reminder that the debt crisis is far from being resolved.

The Aussie’s basic strength was hurt by tightening moves from China and by the Queensland floods. Will it recover?

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.