FOREXYARD: Forex News Blog

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• Market Review 01.02.2013
• Market Review 31.01.2013
• Market Review 30.01.2013
• Market trends 29.01.2013
• Market Review 29.01.2013
• Market Trends 28.01.2013
• Market Review 28.01.2013
• Market Trends 25.01.2013
• Market Review 25.01.2013
• Market Trends 24.01.2013
• Market Review 24.01.2013

Market Review 01.02.2013 Posted: 01 Feb 2013 12:53 AM PST The EUR/USD shot up to a 15-month high during the Asian session last night, as confidence in the euro-zone economic recovery continued to generate risk taking among investors. Meanwhile, the Japanese yen extended its bearish trend amid speculations regarding future aggressive monetary easing from the Bank of Japan. The USD/JPY gained close to 60 pips to trade as high as 92.28. Gold and crude oil were largely range trading throughout the overnight session, ahead of key US employment data today. Main News for Today US Non-Farm Employment Change- 13:30 GMT • The Non-Farm figure is widely considered the most important economic indicator on the forex calendar • If today's news comes in below the forecasted 161K, investor confidence in the US economic recovery may go down, which would result in losses for the US dollar • Additionally, if today's news disappoints, gold prices may be able to stage a bullish correction before markets close for the weekend Read more forex news on our forex blog

Market Review 31.01.2013 Posted: 31 Jan 2013 01:04 AM PST The euro traded just below a 14-month high of 1.3586 against the US dollar during overnight trading last night, after the Fed decided yesterday to leave their policy of monetary easing in place. Against the JPY, the common-currency lost just over 30 pips during the Asian session, and is currently trading at 123.30, slightly below a recent 2 ½ year high. Both crude oil and gold saw relatively little movement last night, as investors eagerly await a key US jobs report tomorrow for clues as to the current state of the American economic recovery. Main News for Today US Unemployment Claims- 13:30 GMT • Analysts expect today's news to show a minor increase in unemployment claims from last week • If the predictions are true, the dollar could take additional losses against its main rivals ahead of tomorrow's all-important Non-Farm Payrolls figure Read more forex news on our forex blog

Market Review 30.01.2013 Posted: 30 Jan 2013 12:40 AM PST The EUR/USD shot up to a 14-month high in early morning trading today, as investor confidence in the euro-zone economic recovery continues to boost riskier assets. The pair, which is currently trading at 1.3510, has advanced close to 30 pips since the beginning of Asian trading last night. Bearish US dollar movement last night helped gold become more affordable for international buyers, which boosted demand. The precious metal, which is currently trading at $1667.75 an ounce, gained over $5 during the Asian session. Main News for Today US ADP Non-Farm Employment Change- 13:15 GMT • The indicator is considered an accurate predictor of Friday's all important Non-Farm Payrolls figure • If today's news comes in below the forecasted 164K, the dollar could take additional losses during afternoon trading US Advance GDP- 13:30 GMT • The GDP figure is forecasted to show a slowdown in US economic growth • If today's news comes in below the expected 1.1%, the dollar is likely to extend its current bearish trend US FOMC Statement- 19:15 GMT • If the FOMC signals a slowdown in the US economic recovery when their statement is issued, risk aversion may lead to gains for the yen against the USD The pair, which is currently trading at 1.3510, has advanced close to 30 pips since the beginning of Asian trading last night. Read more forex news on our forex blog

Market trends 29.01.2013 Posted: 29 Jan 2013 01:37 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see upward movement today Support- 1651.45 Resistance- 1671.31 Silver- May see upward movement today Support- 30.22 Resistance- 31.74 Crude Oil- May see downward movement today Support- 95.85 Resistance-98.17 Dax 30- May see upward movement today Support- 7744.91 Resistance- 7900.00 EUR/USD May see downward movement today Support- 1.3355 Resistance- 1. 3478 Read more forex news on our forex blog

Market Review 29.01.2013 Posted: 29 Jan 2013 01:36 AM PST An increase in Australian business confidence led to investor risk taking during overnight trading, which boosted higher-yielding assets. The AUD/USD gained close to 40 pips to reach as high as 1.0454, while the price of crude oil advanced close to $0.50 a barrel to trade as high as $96.93, a more than four-month high. The USD/JPY gained more than 50 pips during the first part of the Asian session before peaking at 91.00, just below a recent 2 ½ year high. The pair saw a minor downward correction later in the night, and is currently trading at 90.65. Main News for Today US CB Consumer Confidence- 15:00 GMT • Today's figure is forecasted to come in at 64.8, slightly below last month's 65.1 • A worse than expected figure may lead to risk aversion in the marketplace, which would boost safe-haven currencies like the USD and JPY Read more forex news on our forex blog

Market Trends 28.01.2013 Posted: 28 Jan 2013 12:47 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see downward movement today Support- 1642.42 Resistance- 1671.98 Silver- May see downward movement today Support- 30.22 Resistance- 31.74 Crude Oil- May see downward movement today Support- 94.93 Resistance-96.89 Dax 30- May see downward movement today Support- 7744.91 Resistance- 7900.00 EUR/USD May see downward movement today Support- 1.3358 Resistance- 1. 3478 Read more forex news on our forex blog

Market Review 28.01.2013 Posted: 28 Jan 2013 12:46 AM PST The euro saw a minor downward correction against the US dollar during overnight trading, but remained within reach of its recent 11-month high of 1.3477. The euro's recent bullish run has been attributed to the strengthening European banking sector. Currently the EUR/USD is trading at 1.3445. The USD/JPY also took slight losses during Asian trading, but remained close to a recent 2 ½ year high. Crude oil and gold prices have seen relatively little movement since markets opened for the week. Main News for Today US Core Durable Goods Orders- 13:30 GMT • Forecasted to come in at 0.8%, well below last month's 1.6% • Worse than expected data could lead to dollar losses during mid-day trading US Pending Home Sales- 15:00 GMT • Forecasted to come in at 0.5%, well below last month's 1.7% • Worse than expected data could lead to dollar losses during afternoon trading Read more forex news on our forex blog

Market Trends 25.01.2013 Posted: 25 Jan 2013 12:16 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see upward movement today Support- 1663.24 Resistance- 1685.74 Silver- May see upward movement today Support- 31.41 Resistance- 32.32 Crude Oil- May see upward movement today Support- 95.14 Resistance-96.89 Dax 30- May see downward movement today Support- 7660.02 Resistance- 7788.86 EUR/USD May see upward movement today Support- 1.3303 Resistance- 1.3499 Read more forex news on our forex blog

Market Review 25.01.2013 Posted: 25 Jan 2013 12:14 AM PST Renewed speculations that the Bank of Japan will initiate fresh monetary easing measures kept the USD/JPY well above the 90.00 level during Asian trading last night. The pair is currently trading at 90.48, just below a more than 2 ½ year high. The EUR/USD spiked more than 50 pips during early morning trading today, ahead of news which is expected to show that business confidence in Germany has increased since last month. The pair is currently trading at 1.3415. Both crude oil and gold saw moderate gains last night, amid signs of progress in the global economic recovery. Oil prices gained close to $0.40, while gold advanced more than $6 an ounce. Main News for Today German Ifo Business Climate- 09:00 GMT • Analysts expect the indicator to come in at 103.1, which if true, would signal improvements in the German economy • Better than expected data could give the euro a boost during mid-day trading US New Home Sales- 15:00 GMT • New home sales are forecasted to have slightly increased over last month • A better than expected figure could boost the USD/JPY along with crude oil prices Read more forex news on our forex blog

Market Trends 24.01.2013 Posted: 24 Jan 2013 01:11 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see downward movement today Support- 1666.47 Resistance- 1693.29 Silver- May see downward movement today Support- 30.97 Resistance- 32.44 Crude Oil- May see upward movement today Support- 94.33 Resistance-96.73 Dax 30- May see downward movement today Support- 7604.25 Resistance- 7749.47 EUR/USD May see upward movement today Support- 1.3186 Resistance- 1. 3370 Read more forex news on our forex blog

Market Review 24.01.2013 Posted: 24 Jan 2013 01:10 AM PST The Australian dollar saw significant gains against the JPY last night, following the release of positive Chinese manufacturing data which boosted investor confidence in the global economic recovery. The AUD/JPY advanced close to 100 pips following the news, eventually reaching as high as 94.02. The Chinese news also helped the EUR/USD gain more than 40 pips. The pair, which peaked at 1.3346, saw a slight downward correction during the early morning session and is currently trading at 1.3325. Signs of progress in negotiations between US lawmakers to increase the federal government's borrowing limit caused gold prices to continue falling last night. The precious metal lost more than $8 an ounce during the Asian session, and is currently trading at $1680. Main News for Today German Flash Manufacturing PMI- 08:30 GMT • Forecasted to come in slightly higher than last month • If the indicator comes in above the expected 47.1, the euro could see upward movement during mid-day trading US Unemployment Claims- 13:00 GMT • Forecasted to come in slightly higher than last week's, which if true, would be a sign that the employment situation in the US is getting worse • If the indicator comes in above the forecasted 359K, the dollar could take losses during afternoon trading US Crude Oil Inventories- 16:00 GMT • Forecasted to come in significantly higher than last week's result, which if true, would be a sign of decreased demand in the US and may cause oil prices to turn bearish Read more forex news on our forex blog

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