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

FOREXYARD: Forex News Blog

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Gold Prices Stabilize Near $1,060 Posted: 22 Oct 2009 01:34 PM PDT The USD witnessed a steady depreciation against most of its major currency counterparts during the afternoon trading session. The Dollar is currently trading lower against the CHF by nearly 40 pips at 1.0045. It is also trading lower against the EUR and GBP, as investors remain wary of making big bets in favor of the Dollar these days. Gold Prices was steady around $1,060 on Thursday as the dollar fell slightly against the EUR and crude oil maintained its strength, although some resistance emerged around that level. Further gains could be on hold for the rest of the week, however, as investors await news that will provide clues to the state of the global economy. With so much news affecting the stock market and forex, many traders tend to overlook the benefits of commodity trading. Crude Oil and gold tend to be an investment with a lot of potential, making them one of the safer investments for a portfolio looking for a hedge against inflation, or away from the volatility of many currencies. Tomorrow’s news releases about British Prelim GDP and U.S Existing Home Sales data are expected to create a heavy level of volume and volatility, meaning most commodities will experience something similar. Don’t miss out on these opportunities if you’re an active forex trader.

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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

FOREXYARD: Forex News Blog

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Asian Market Forecast – Week of April 27th Posted: 26 Apr 2009 02:32 PM PDT JPY This past week the Yen strengthened considerably against the Dollar, the Pound and the EUR. Driving the Yen’s bullishness were lower U.S. equity markets, reports of a potential reduction in the sovereign credit rating of Britain, and stronger economic indicators coming from the Euro-Zone economy. The Yen gained almost 2% on the Dollar to finish the week at 97.15 from 99.09. The Japanese currency appreciated 2.8% from a week ago against the Pound. The EUR gained on the Yen to close up at 128.67 from 129.33. Traders will be anticipating a Bank of Japan (BoJ) press conference on Wednesday when the BoJ Outlook will be explained, highlighting their pessimistic or optimistic views of the Japanese economy. Improving economic conditions outside of the Japanese economy may begin to weaken the Yen as looser credit begins to appear. The Yen could be depreciated against the Dollar to level of 99.00 Yen and against the Pound of 144.00. AUD Fears of a recession and higher unemployment have been weighing on the Aussie Dollar. Also comments by the International Monetary Fund (IMF) hurt the Dollar as it said there is further room for the Bank of Australia to cut interest rates. This caused the Dollar to fall against almost all the major currencies this past week. Further worries of an economic recession may continue to send the Aussie Dollar lower against its rivals. The AUD/USD could trade near the 0.7100 mark. NZD The New Zealand Dollar (NZD) also fell this past week versus the Dollar and the Yen. Similar concerns remain regarding the continuing deterioration of economic conditions in New Zealand. This week, traders will be looking for the Reserve Bank of New Zealand (RBNZ) to cut rates by 50 basis points. This rate change has largely been priced into the currency. The real point of interest will be the accompanying Rate Statement in determining the extent of cuts the RBNZ is willing to undertake to support the struggling economy. Further hawkish language could send the pair to the 0.5600 level.

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