Saturday, June 16, 2012

FOREXYARD: Forex News Blog

FOREXYARD: Forex News Blog

Link to Forex Trading Education : Forex Trading Blog by FOREXYARD

Market Review 15.6.12

Posted: 15 Jun 2012 02:51 AM PDT

printprofile

The euro saw moderate gains in overnight trading against its main currency rivals, but investors remained cautious about boosting the common-currency too much ahead of elections in Greece on Sunday. Disappointing US news has led to speculation that the Fed may initiate a new round of economic stimulus. As a result, the price of crude oil has gone up over $2 since yesterday afternoon and is currently trading around the $84.55 level. Following the Japanese Monetary Policy Statement last night, the USD/JPY fell over 60 pips and is currently trading around 78.90.

Main News for Today

US Prelim UoM Consumer Sentiment-13:55 GMT

• The indicator is predicted to come in at 77.5, which would be below last month's figure
• Should the figure come in below expectations, the dollar could extend its bearish momentum vs. the yen

Greek Elections-Sunday

• Major volatility is expected to occur when markets open on Sunday night
• If anti-austerity political parties win in the election, the euro could see heavy downward movement as a result

Read more forex news on our forex blog
Posted by at

1 comment:

  1. BloggerFebruary 10, 2017 at 6:08 PM

    ForexTrendy is a state of the art application capable of finding the most PROFITABLE continuation chart patterns. It scans through all the forex pairs, on all time frames and analyzes every possible breakout.

    ReplyDelete

Subscribe to: Post Comments (Atom)