FOREX TIPS: July 2012

Saturday, July 28, 2012

FOREXYARD: Forex News Blog

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Posted: 27 Jul 2012 02:24 AM PDT

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The euro remained bullish against its main currency rivals during the overnight session, as risk appetite remained high following a speech from ECB President Draghi yesterday. Both the EUR/USD and EUR/JPY are up around 150 pips from yesterday afternoon. Facebook fell over $2 last night after a disappointing earnings report reinforced the belief that the social networking site is overvalued.

Main News for Today

US Advance GDP- 12:30 GMT
• Analysts are forecasting today's news to come in at 1.5%, which if true, would signal a further slowdown in the US economy
• Should the news come in below 1.5%, the dollar could see significant losses before markets close for the week

Will the US GDP Figure Lead to Losses on the S&P 500?

Posted: 27 Jul 2012 02:23 AM PDT

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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 Advance GDP figure, set to be released today at 12:30 GMT. The figure tends to have an impact throughout the marketplace. As can be seen in the chart below, worse than expected GDP data in January resulted in a significant drop for the S&P 500.
S&P2

Don't miss out on another opportunity to capitalize on market volatility!

Analysts are concerned today's news will indicate a further slowdown in the US economy. If the Advance GDP figure comes in below the expected 1.5%, indices like the S&P 500 could see losses before markets close for the weekend. 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

Thursday, July 26, 2012

FOREXYARD: Forex News Blog

Will Earnings Report Give Facebook a Boost?

Posted: 25 Jul 2012 08:19 AM PDT

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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 Facebook earnings report, scheduled to be released this Thursday, July 26th at 22:00 GMT. Investors will be eyeing Thursday's report to see if Facebook can bounce back following its disastrous IPO in May. As can be seen in the chart below, Facebook shares have fallen 24% since May.

Don't miss out on another opportunity to capitalize on market volatility!

If the earnings report disappoints, Facebook shares could fall further before markets close for the weekend. That being said, any better than expected news on Thursday could help the social network recover some of its recent losses. This is an excellent opportunity for forex traders to take advantage of potentially significant news, so don't miss out!

Market Review 25.7.12

Posted: 25 Jul 2012 01:24 AM PDT

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After hitting a fresh two-year low against the USD yesterday, the euro remained bearish during the overnight session as investors remained worried that Spain will soon require a full scale international bailout. The EUR/USD is currently trading at 1.2080, just above yesterday's low of 1.2042. The EUR/JPY is currently at 94.55, slightly above the 12-year low of 94.12 hit yesterday.

Main News for Today

German Ifo Business Climate- 08:00 GMT
• Following yesterday's disappointing German Flash Manufacturing PMI, investors will be watching this figure for clues as to how much of an impact the euro-zone debt crisis is having on Germany
• Should the figure come in below the expected 104.8, the euro could extend yesterday's losses

US New Home Sales- 14:00 GMT
• The new home sales indicator is forecasted to come in at 372K, slightly above last month's figure
• If today's news comes in as predicted, the USD could see moderate gains against the JPY

US Crude Oil Inventories- 14:30 GMT
• Analysts are predicting today's inventories report to come in at -0.1M
• If the figure comes in as expected, investors may take it as a sign that demand in the US is up, which could result in the price of oil turning bullish

Read more forex news on our forex blog

Wednesday, July 25, 2012

FOREXYARD: Forex News Blog

How Will the British GDP Figure Impact Sterling?

Posted: 24 Jul 2012 05:25 AM PDT

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At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to carefully monitor the UK Prelim GDP figure, scheduled to be released tomorrow, July 25th at 8:30 GMT. Last quarter's GDP figure showed that the British economy contracted by 0.3%, well below analyst's predictions. As can be seen in the chart below, the GBP tumbled following the news.
GBPUSD

Don't miss out on another opportunity to capitalize on market volatility!

Analysts are predicting tomorrow's news to come in at -0.2%, which if true, would signal a further decline in the British economy and could lead to additional losses for sterling during European trading. 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

Market Review 24.7.12

Posted: 24 Jul 2012 01:11 AM PDT

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Riskier currencies, including the euro and Australian dollar, received a moderate boost in overnight trading following a positive Chinese manufacturing indicator. That being said, fears that Spain will soon require a full scale international bailout limited gains, and the euro remains close to a two-year low against the US dollar. Crude oil was able to advance close to $1 a barrel as a result of the Chinese news, and is currently trading close to the $89 level.

Main News for Today

German Flash Manufacturing PMI- 07:30 GMT
• If the manufacturing figure comes in below the forecasted 45.3, fears that the euro-zone debt crisis is impacting growth in Germany may worsen
• Any disappointing news may weigh down on the euro

Fed Chairman Bernanke Speaks- 12:45 GMT
• Investors will be closely watching the speech for clues as to any future plans for the Fed to initiate a new round of quantitative easing
• If Bernanke does mention quantitative easing, the dollar is likely to reverse most of its recent gains during the afternoon session

Read more forex news on our forex blog