FOREXYARD: Forex News Blog | |
| Euro Reverses Gains Ahead of US Durable Goods Report Posted: 27 Nov 2012 04:39 AM PST
The euro took losses against both the US dollar and Japanese yen during morning trading, as risk taking among investors following the approval of a new round of Greek bailout funds appears to have cooled off. The EUR/USD has fallen close to 50 pips since the beginning of European trading, and is currently trading at 1.2948. Against the Japanese yen, the common currency has given up more than 60 pips since this morning, and is currently trading at 106.25. Turning to the rest of the day, analysts are warning that the US Core Durable Goods Orders Report is likely to come in well below last month’s, signaling that US businesses are investing less ahead of the upcoming “fiscal cliff”. Should the indicator come in below expectations when it is released at 13:30 GMT, risk aversion may result in the euro extending its losses against the JPY. |
| Posted: 27 Nov 2012 01:51 AM PST
Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see downward movement today Silver- May see downward movement today Crude Oil- May see downward movement today Dax 30- May see upward movement today EUR/USD May see downward movement today Read more forex news on our forex blog |
| Posted: 27 Nov 2012 01:49 AM PST
The marketplace saw moderate risk taking during Asian trading last night, after euro-zone finance ministers agreed to terms for providing Greece with a new round of bailout funds. The price of crude oil advanced close to $0.40 a barrel, eventually reaching as high as $88.10, before dropping to its current level of $87.95. The EUR/USD gained around 20 pips to trade as high as 1.2993, before giving up virtually all of its gains during early morning trading. Gold prices saw very little movement in overnight trading, and remain within reach of the psychologically significant $1750 an ounce level. Main News for Today US CB Consumer Confidence- 15:00 GMT Read more forex news on our forex blog |
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