Yohay Elam | TalkMarkets | Page 170
Contributor's Links: Forex Crunch
Yohay Elam has been into forex trading for over 5 years, and shares the experience and the knowledge accumulated after taking a short course about forex. Like many forex traders, Elam has earned the significant share of his knowledge the hard way. Macroeconomics, the impact of news on the ...more

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AUD/USD Forecast Oct. 30 – Nov. 3 2017
The Australian dollar was under pressure after inflation figures disappointed, dropping to the lowest levels in three months. Trade balance and retail sales stand out as we turn the page to November.
GBP/USD Forecast Oct. 30 – Nov. 3 2017
GBP/USD struggled once again due to hardships in Brexit negotiations but enjoyed an upbeat GDP figure. What’s next? The Bank of England’s Super Thursday is clearly the big event of the week, but also the PMIs could shake the pound.
USD/CAD Forecast Oct. 30 – Nov. 3 2017
Dollar/CAD was moving on up in a busy week, hitting the highest levels since the summer. The upcoming week features two big events: the GDP release and the jobs report. Will the loonie continue suffering?
USD/JPY Challenging The Highs
Dollar/yen jumped to the high end of the range thanks to the elections in Japan but struggled to make it over the critical line. What’s next for the pair?
Spanish Senate Suspends Catalan Autonomy Invoking Article 155
The Spanish government is convening after it received the green light and will decide on the measures. EUR/USD is stabilizing around 1.16 after the news from Spain and the upbeat US GDP that sent it lower.
US Q3 GDP Jumps By 3% – USD Follows
Better-than-expected US growth: 3% annualized according to the first read. This is significantly above 2.5% expected and at the magical 3% level. Personal consumption is up 2.4%, also above predictions.
USD Enjoys A Taylor-ed Rally – Updates On 5 Pairs
The US dollar is on a roll, and not only against the Draghi-dragged euro. The greenback is rising across the board and one of the main reasons is the upcoming nomination of a Fed Chair.
Puigdemont Does Not Call Elections – Crisis Worsens – EUR Pressured
EUR/USD remains under pressure and slips to a new low of 1.1690.
ECB Halves Bond Buys To 30 Billion Through September 2018 –EUR/USD Crashes – Live Coverage
50% less QE: 30 billion instead of 60 billion from the beginning of 2018 through September, more or less as expected. The door is open for more bond-buying afterward.
EUR/USD Ahead Of The ECB: Where Are The Risks?
Bank of America Merrill Lynch FX Strategy Research expects the ECB to extend QE by EUR30bn per month for 9 months, offsetting less QE with stronger forward guidance on rates.
USD/CAD At The Highest In 3 Months – Levels To Watch
Does the Canadian dollar have more room to the downside? A lot depends on the important publications awaiting the pair next week: the GDP release for August and the jobs report for October.
Canadian Dollar Falls On BOC Rate Decision – USD/CAD Hits High Resistance
The Bank of Canada decided to leave the interest rate unchanged at 1% as expected and seems to be in no rush to raise rates anytime soon.
UK Q3 GDP Beats With 0.4% Q/Q – GBP Rises
Some good news from the UK: the economy grew at a quarterly pace of 0.4% in the third quarter, beating expectations and the slow growth rate seen in the first half of the year.
German IFO Business Climate Beats With 116.7 – EUR/USD Rises
The German economy is on a roll according to IFO: the business climate is up to 116.7, significantly above expectations. The Expectations component is up to 109.1 points and the Current Assessment rises to 124.8.
AUD/USD Falls To The Lowest In 3 Months On Poor Inflation
Inflation is absent in almost all developed economies and Australia is not an exception. The headline Consumer Price Index advanced by 0.6% in Q3, lower than 0.8% expected.
BOC To Hit The Brakes? What Does It Mean For CAD?
The Canadian dollar is already on the back foot following the poor inflation numbers but struggles to conquer the high resistance level ahead of the BOC.
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