Will inflation inflate the dollar?

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After a light calendar on Monday, key inflation figures await traders exactly two weeks after turnaround Tuesday. While the greenback has lost some ground to commodity currencies, the jury remains out on major pairs, and this could be an opportunity to break to the upside or to the downside. Also watch out for gushing oil prices as well as inflation in the UK, where the pound currently enjoys more favorable polls.

Wrap up of the morning show for May 17th 2016:

Get the 5 most predictable currency pairs

About Author

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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