FOREXYARD: Forex News Blog

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Market Review 1.10.12 Posted: 01 Oct 2012 02:26 AM PDT The euro fell to a three-week low against the US dollar in overnight trading, as concerns about Spanish debt continued to draw investors to safe-haven assets. The common-currency fell as low as 1.2802 last night, before rebounding to its current level of 1.2867. After dropping close to $0.70 a barrel during the Asian session, crude oil was able to recoup most of its losses and currently stands at $91.86, virtually the same price as when markets opened for the week. Main News for Today US ISM Manufacturing PMI- 14:00 GMT • The PMI is forecasted to come in at 49.8, slightly higher than last month's figure • Any better than expected news will likely boost investor confidence in the US economic recovery and could help the dollar extend its recent bullish trend Fed Chairman Bernanke Speaks- 16:30 GMT • Investors will be watching today's speech for clues as to the current state of the US economic recovery • Any positive comments from the Fed Chairman could help the dollar during afternoon trading Read more forex news on our forex blog

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FOREXYARD: Forex News Blog

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Market Review 28.9.12 Posted: 28 Sep 2012 01:55 AM PDT The euro bounced back from a two-week low against the US dollar yesterday, after Spain unveiled a new budget which some viewed as the next step before officially requesting a bailout from the European Central Bank. The EUR/USD advanced more than 30 pips during Asian trading to reach as high as 1.2941 before staging a downward correction and dropping to its current level of 1.2925. Both crude oil and gold saw gains from the news as well. In the last 24 hours, crude has gained more than $2 a barrel while gold has advanced over $25 an ounce. Main News for Today Canadian GDP- 12:30 GMT • The Canadian dollar has steadily gained on the USD for the last several days • Should today's news come in above the forecasted 0.1%, the USD/CAD could see additional downward movement before markets close for the week Read more forex news on our forex blog

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