FOREXYARD: Forex News Blog | |
| Posted: 04 Jan 2013 02:34 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 upward movement today Dax 30- May see upward movement today EUR/USD May see upward movement today Read more forex news on our forex blog |
| Can This Month’s NFP Report Send Oil Prices Higher? Posted: 04 Jan 2013 02:33 AM PST
Can This Month's NFP Report Send Oil Prices Higher? 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 Non-Farm Payrolls (NFP) report, set to be released today, January 4th, at 13:30 GMT. As can be seen in the chart below, following a better than expected NFP report last month, speculations that demand for oil in the US would go up resulted in crude prices spiking.
Don't miss out on another opportunity to capitalize on market volatility! Analysts widely agree that the Non-Farms report is the most significant news event on the forex calendar. With today’s figure forecasted to come in at 135K, slightly below last month's 146K, the US dollar could see losses before markets close for the weekend. That being said, a better than expected NFP report could lead to investor risk taking, which would boost oil prices. 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 |
| Posted: 04 Jan 2013 02:30 AM PST
The US dollar hit a fresh 2 ½ month high against the JPY during overnight trading, as speculations that the Bank of Japan will soon initiate aggressive monetary easing policies continued to weigh down on the Japanese currency. Fears that US lawmakers will fail to reach a deal to raise the nation's borrowing limit before the government runs out of money in the next two-months, led to risk aversion in the marketplace and caused the euro to extend its bearish trend against the USD. Gold took fairly significant losses during early morning trading today, while crude oil prices have remained relatively steady at $92.20 a barrel since last night. Main News for Today US Crude Oil Inventories- 16:00 GMT Read more forex news on our forex blog |
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