FOREXYARD: Forex News Blog

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• Market Review 10.12.12
• Market Review 30.11.12
• Market Review 29.11.12
• Market Review 28.11.12
• Market Review 27.11.12
• Market Review 26.11.12

Market Review 10.12.12 Posted: 10 Dec 2012 02:36 AM PST Investor concerns following the resignation of the Italian Prime Minister caused the EUR/USD to fall within reach of a recent two-week low during overnight trading. Against the JPY, the euro fell 43 pips during the Asian session to reach its lowest level in 1 ½ weeks. Gold prices saw slight upward movement last night, as concerns regarding the US "fiscal cliff" and euro-zone uncertainties boosted the precious metal's safe-haven appeal. Gold has gained more than $6 an ounce since markets opened for the week and is currently trading at $1710. Main News for Today BOE Gov King Speaks- 17:15 GMT • The British pound has taken losses against the USD, JPY and EUR in recent days • If today's speech signals positive growth in the UK economy, sterling may be able to recover some of its recent losses Read more forex news on our forex blog

Market Review 30.11.12 Posted: 30 Nov 2012 02:46 AM PST The euro hit a five-week high against the US dollar during morning trading today, as confidence that US Congressional leaders will soon reach a deal to avoid the upcoming "fiscal cliff" encouraged risk taking in the marketplace. Speculations that the Bank of Japan will initiate a new round of monetary easing next month caused the yen to fall against several of its main rivals during the Asian session. The EUR/JPY shot up to a seven-month high while the USD/JPY hit its highest point in one-week. Main News for Today Canadian GDP- 13:30 GMT • Analysts are forecasting the GDP figure to come in at 0.1%, which would represent increased economic activity in Canada • Any better than expected data could result in gains for the Canadian dollar Read more forex news on our forex blog

Market Review 29.11.12 Posted: 29 Nov 2012 02:46 AM PST Higher yielding assets, including the euro, gold and silver, took moderate losses during overnight trading before rebounding during the early morning session. Investor concerns regarding a lack of details in the recent Greek bailout agreement and the upcoming US "fiscal cliff, were largely responsible for risk aversion in the market yesterday. The price of crude oil remained bullish throughout the Asian session. The US Crude Oil Inventories report, which indicated high demand among American consumers, resulted in the commodity advancing over $1 a barrel since afternoon trading yesterday. Main News for Today Italian 10-Year Bond Auction • If the bond auction shows that Italian borrowing costs have gone up, the euro may take losses against its main currency rivals as a result US Prelim GDP- 13:30 GMT • The GDP figure is forecasted to come in at 2.8%, which would signal an improvement in the US economic recovery • A higher than expected figure could result in risk taking, which would boost currencies like the euro and AUD US Unemployment Claims- 13:30 GMT • The unemployment claims figure is forecasted to come in at 392K • A lower than expected figure could help the USD vs. the JPY US Pending Home Sales= 15:00 GMT • Pending home sales are forecasted to have increased from 0.3% to 0.9% • A better than expected figure today could help the US dollar against the Japanese yen Read more forex news on our forex blog

Market Review 28.11.12 Posted: 28 Nov 2012 02:38 AM PST The Japanese yen posted gains vs. both the US dollar and euro during overnight trading, as concerns regarding the upcoming US "fiscal cliff", a batch of automatic tax increases and spending cuts set to take place at the beginning of the year, led to risk aversion in the marketplace. Negotiations to come up with a way to avoid the "fiscal cliff" between US Congressional leaders appear to have made little progress. Fears that the "fiscal cliff" could send the US back into recession also weighed down on the price of gold, which fell more than $3 an ounce last night. Crude oil fell just over $0.40 a barrel amid signs that demand in the US is slowing down. Main News for Today US New Home Sales- 15:00 GMT • Today's figure is forecasted to come in at 387K, slightly lower than last month's • Any worse than expected news could lead to additional dollar losses against the yen US Crude Oil Inventories- 15:30 GMT • US inventories are forecasted to have gone up by 0.5M barrels last week • A higher than expected figure today would signal decreased demand in the US, which would weigh down on oil prices in afternoon trading Read more forex news on our forex blog

Market Review 27.11.12 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 Core Durable Goods Orders- 13:30 GMT • Forecasted to come in at -0.6%, significantly below last month's 2.0% • Any disappointing data could result in the USD/JPY taking losses during afternoon trading US CB Consumer Confidence- 15:00 GMT • Forecasted to come in slightly higher than last month's figure • Better than expected news could result in risk taking, which may lead to gains for crude oil during the second half of the day Read more forex news on our forex blog

Market Review 26.11.12 Posted: 26 Nov 2012 01:24 AM PST The euro took moderate losses during overnight trading, following an election in Catalonia, Spain's wealthiest region, in which pro-separatist political parties scored some victories. The news led to speculations that Spain will continue to delay requesting a euro-zone bailout. The EUR/USD fell close to 25 pips during the Asian session, while the EUR/JPY dropped more than 70 pips. The price of crude oil fell around $0.30 during the first half of the night, eventually trading as low as $87.85, before staging an upward recovery and bouncing back to its current level of $88.15. After shooting up close to $20 an ounce on Friday, gold was able to largely hold onto its recent gains during the Asian session as hopes that a deal to unlock a new round of Greek bailout funds will soon be reached. The precious metal is currently trading at the $1750 level. Main News for Today Eurogroup Meetings- All Day • The Eurogroup consists of finance ministers from throughout the euro-zone • The main topic of discussion for today is how to provide Greece with a new round of bailout funds • If a deal is reached to provide Greece with the funds, the euro could see gains throughout the day Read more forex news on our forex blog

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