FOREXYARD: Forex News Blog

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US Unemployment Claims Could Send USD Lower Posted: 30 Aug 2012 02:22 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 Unemployment Claims, set to be released today, August 30th at 12:30 GMT. As can be seen in the chart below, the USD/JPY took significant losses last week, after the unemployment claims figure came in higher than expected. Don't miss out on another opportunity to capitalize on market volatility! Today’s news is forecasted to come in at 370K, which if true, would be slightly lower than last week's and could help the dollar recover some of its recent losses. That being said, if the unemployment figure comes in higher than expected, the dollar could extend its bearish trend. 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

Market Review 30.08.2012 Posted: 30 Aug 2012 02:19 AM PDT The euro saw slight gains against the dollar in overnight trading, as investors continue to eagerly await a speech from Fed Chairman Bernanke tomorrow. The EUR/USD advanced just over 30 pips to reach as high as 1.2559. Currently the pair is trading at 1.2540. Meanwhile, the AUD/USD hit a one month low at 1.0316 last night. The aussie has seen significant losses in recent days due to an economic slowdown in China. Main News for Today Italian 10-Year Bond Auction • Investors are watching the bond auction closely to see if Italian borrowing costs have gone down • Solid demand for Italian bonds could result in risk taking in the marketplace, which could boost the euro during mid-day trading US Unemployment Claims- 12:30 GMT • The unemployment claims figure is expected to come in slightly lower than last week's • If today's news comes in below the expected level, it may be a sign that the US economic recovery is accelerating and could result in dollar gains before Bernanke's speech tomorrow Read more forex news on our forex blog

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