FOREXYARD: Forex News Blog

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Market Review 18.9.12 Posted: 18 Sep 2012 02:09 AM PDT The euro was able to hold steady at the 1.3100 level against the US dollar last night, just below a four-month high. After an unexpected drop yesterday, the price of crude oil, gold and silver stabilized during the Asian trading, and remain near recent multi-month highs. Analysts attributed yesterday's bearish movement, which saw the price of crude fall more than $3 a barrel in a matter of minutes, to low volatility in the marketplace, which can sometimes result in erratic price shifts. Main News for Today German ZEW Economic Sentiment- 09:00 GMT • As the euro-zone's biggest economy, indicators out of Germany tend to have a significant impact on the euro • Today's news is forecasted to come in at -19.2, significantly better than last month's -25.2 • Any better than expected news could help the euro extend its recent gains against the US dollar and Japanese yen Read more forex news on our forex blog

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