Yohay Elam | TalkMarkets | Page 183
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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UK Wages Jump To 2.1% – GBP Follows, Challenging 1.29
All the figures beat on the UK jobs report: wages are up to 2.1% y/y in both headline salaries and wages excluding bonuses.
USD: Restrained S/T Before A Modest Recovery M/T; Key Levels For EUR/USD – Citi
Citi Research argues that in the short term, the USD will likely remain restrained on a combination of a broadening economic expansion to Europe, EM and Japan and disappointment about policy action from the new US Administration may restrain USD.
USD Longs Begin Looking Good Ahead Of The Fed Minutes
After the excellent retail sales report, the next test for the US dollar is the release of the meeting minutes from the Federal Reserve. What can we expect?
EUR/USD Dips Under 1.17 On Excellent US Retail Sales News
When a top-tier indicator beats expectations and all the revisions are also in the black, the currency reacts. US retail sales beat expectations on all the different headline and core measures in July, while June’s numbers were revised higher.
CAD At Crossroads: Where Next?
Citi Research expects the CAD to stay supported in the short term on the ground that BoC is likely to follow its rate hike in July with another hike in October.
UK Inflation Stuck At 2.6% – GBP Falls
Inflation in the UK is not going anywhere fast: headline CPI stands at 2.6% once again with a monthly drop of 0.1%, also worse than expected.
USD/JPY Rises On North Korea Calm, US Infrastructure Hope
The dollar/yen pair is enjoying significant gains for the second day in a row. The summer lull must have skipped the pair, which already trades at 110.30, up some 70 pips on the day.
EUR/USD Extends Losses On Weak German GDP
Germany, the euro-zone’s locomotive, saw its economic output rise by 0.6%, slightly below 0.7% expected. This was countered by an upwards revision to the data for Q1: 0.7% against 0.6% published beforehand.
Another Monday, Another Dollar Rise – Will It Fall Again On Friday?
For two weeks in a row, the dollar moved up on Monday. In the first case, it was an extension of the recovery that was triggered by the good Non-Farm Payrolls report.
USD/CAD: Buy Dips Near 1.2650 Or On A Break Of 1.2740 Targeting 1.29
Dollar/CAD is undergoing a recovery or a correction if you wish. Nevertheless, it got stuck and the pair is now trading sideways.
JPY: Why NK Risk-Driven Price-Action Is Different? Why 108s Key – BofAML
Further escalation of the North Korean tension could extend the JPY strength. Meanwhile, emergence of realistic risk of a military conflict could lead to rising JPY selling pressure.
USD/JPY Shows Us What Really Matters
Japan reported its preliminary GDP report for Q2, and it was great: 1% q/q growth rate, equivalent to around 4% annualized. This is a very high growth rate in a developed country. Expectations stood at around 0.6% and Q1 saw only 0.3% growth.
Is EUR/USD Still Overbought?
EUR/USD had a minor correction that may have already ended. Is it still overbought? Here are two opinions.
US Core Inflation Only 0.1% – USD Falls
US CPI and core CPI rose only 0.1% m/m, below expectations. Year over year, it’s up 1.7% on both indices, within expectations on the core but a miss on headline inflation.
Trump And Kim Need Each Other – Short Opportunity On JPY?
Markets seem to fear, with slides and a flow into safe haven assets. USD/JPY dipped its feet under 109. The Swiss franc is also on the rise and some talk about Bitcoin emerging as a safe-haven asset as well.
AUD/USD Leaning Lower – Break Or Bounce?
Aussie/USD is trading around 0.7850, keep a wider distance from the round 0.80 level. Has it concluded its correction and ready to resume the uptrend? Or is it on the way up?
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