FOREXYARD: Forex News Blog | |
| Can the US Building Permits Give a Boost to the S&P 500? Posted: 18 Jul 2012 04:10 AM PDT
At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to carefully monitor the US Building Permits, scheduled to be released today at 12:30 GMT. As can be seen in the chart below, following the release of a higher than forecasted Building Permits figure in April, the S&P 500 saw significant gains.
Don't miss out on another opportunity to capitalize on market volatility! Today's news is forecasted to come in at 0.76M. Should the end result exceed the forecasted level, investor confidence in the US economic recovery could receive a boost, which may result in additional gains for indices like the S&P 500. This is an excellent opportunity for forex traders to take advantage of potentially significant news, so don't miss out! Read more forex news on our forex blog |
| Posted: 18 Jul 2012 01:46 AM PDT
The euro saw moderate losses against the US dollar in overnight trading. The EUR/USD fell close to 40 pips, reaching as low as 1.2266 before bouncing back to its current level of 1.2282. Crude oil maintained its recent upward trend last night, as tensions with Iran continued to generate supply side fears among investors. The commodity is currently trading at $89.24 a barrel. Main News for Today Part Two of US Fed Chairman Bernanke's Testimony- 14:00 GMT • The markets saw significant volatility yesterday after the first part of the Fed Chairman's testimony US Crude Oil Inventories- 14:30 GMT • Crude oil saw gains last week after the US inventories figure came in well below the forecasted level Read more forex news on our forex blog |
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