FOREXYARD: Forex News Blog | |
| Posted: 27 Jul 2012 02:24 AM PDT
The euro remained bullish against its main currency rivals during the overnight session, as risk appetite remained high following a speech from ECB President Draghi yesterday. Both the EUR/USD and EUR/JPY are up around 150 pips from yesterday afternoon. Facebook fell over $2 last night after a disappointing earnings report reinforced the belief that the social networking site is overvalued. Main News for Today US Advance GDP- 12:30 GMT |
| Will the US GDP Figure Lead to Losses on the S&P 500? Posted: 27 Jul 2012 02:23 AM PDT
At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to pay careful attention to the US Advance GDP figure, set to be released today at 12:30 GMT. The figure tends to have an impact throughout the marketplace. As can be seen in the chart below, worse than expected GDP data in January resulted in a significant drop for the S&P 500. Don't miss out on another opportunity to capitalize on market volatility! Analysts are concerned today's news will indicate a further slowdown in the US economy. If the Advance GDP figure comes in below the expected 1.5%, indices like the S&P 500 could see losses before markets close for the weekend. 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 |
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