FOREXYARD: Forex News Blog

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• Market Review 13.7.12
• Will Unemployment Claims Signal a Further Slowdown in the US Economic Recovery?
• Market Review 12.7.12
• Will The Fed’s Analysis of the US Economy Lead to Market Volatility?
• Will US Inventories Data Help Crude Oil Reverse Last Week’s Losses?
• Market Review 10.7.12
• Market Review 29.6.12
• Market Review 28.6.12
• Market Review 27.6.12
• Market Review 26.6.12
• Market Review 22.6.12

Market Review 13.7.12 Posted: 13 Jul 2012 02:00 AM PDT The euro remained near a two-year low against the USD in overnight trading, following a downgrade of Italy's credit rating. The EUR/USD is currently trading at 1.2185. The Australian dollar saw upward movement last night after the Chinese GDP figure came in at its expected level of 7.6%. China is Australia's biggest trading partner and the aussie typically benefits from positive Chinese news. Main News for Today Italian 10-Year Bond Auction • Following Italy's credit rating downgrade yesterday, investors will be closely watching the bond auction to see if Italy's borrowing costs will go up further • Should demand for Italian bonds come in low, the euro could extend its losses against the USD and JPY US PPI- 12:30 GMT • The Producer Price Index (PPI) is forecasted to come in at -0.5%, well above last month's -1.0% • If today's news comes in as forecasted the dollar could see upward movement against the JPY before markets close for the week Read more forex news on our forex blog

Will Unemployment Claims Signal a Further Slowdown in the US Economic Recovery? Posted: 12 Jul 2012 06:13 AM PDT At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to carefully monitor the US Unemployment Claims figure, scheduled to be released today at 12:30 GMT. As can be seen in the chart below, after the June 28th Unemployment Claims figure, the S&P 500 proceeded to turn bearish. Don't miss out on another opportunity to capitalize on market volatility! Investor concerns regarding the US employment sector have intensified following a worse than expected Non-Farm Payrolls figure last week. If today's Unemployment Claims figure disappoints, indices like the S&P 500 could see downward movement. 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 12.7.12 Posted: 12 Jul 2012 01:25 AM PDT After hitting a fresh two-year low against the US dollar yesterday, the euro saw very modest gains in the overnight session. The AUD took significant losses last night after a worse than expected Employment Change figure signaled a possible economic slowdown in the Australian economy. Meanwhile, after gaining around $1.65 yesterday following the US Crude Oil Inventories report, oil gave back some of its gains during the Asian session and is currently trading around the $85.25 level. Main News for Today US Unemployment Claims-12:30 GMT • Following last week's disappointing Non-Farm Payrolls figure, investors will be closely watching today's news for clues as to the current state of the US labor sector • Should the indicator come in above the forecasted 376K, the dollar could take losses against its main currency rivals, including the EUR and JPY Read more forex news on our forex blog

Will The Fed’s Analysis of the US Economy Lead to Market Volatility? Posted: 11 Jul 2012 06:55 AM PDT At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to carefully monitor the FOMC Meeting Minutes, scheduled to be released today, at 18:00 GMT. As can be seen in the chart below, May's FOMC Meeting Minutes caused the Dow Jones Industrials to take a significant drop as investors became worried about the state of the US economic recovery. Don't miss out on another opportunity to capitalize on market volatility! Following last week's disappointing US Non-Farm Payrolls figure, investors are once again growing concerned that the US economy is stagnating. Should today's FOMC Meeting Minutes reinforce those concerns, indices like the Dow Jones could see significant downward movement during the evening trading session. This is an excellent opportunity for forex traders to take advantage of potentially significant news, so don't miss out!

Will US Inventories Data Help Crude Oil Reverse Last Week’s Losses? Posted: 10 Jul 2012 07:29 AM PDT At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to carefully monitor the US Crude Oil Inventories figure, set to be released on July 11th, at 14:30 GMT. Demand in the United States, the world's leading oil consuming country, tends to have a direct impact on the price of crude. As can be seen in the chart below, the price of oil spiked by almost $1.50 a barrel on June 13th after the US inventories data showed crude stockpiles falling by 0.2 million barrels the week before. Don't miss out on another opportunity to capitalize on market volatility! Should Wednesday's news show crude oil stockpiles fell again last week, investors may take the news as a sign that demand in the United States is increasing, which may help oil reverse 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 10.7.12 Posted: 10 Jul 2012 01:33 AM PDT The euro saw moderate gains against the US dollar in overnight trading, but analysts were quick to warn that the overall trend for the common-currency is still bearish and that any upward movement is likely to be temporary. Against the JPY, the euro has fallen by over 60 pips since last night and is currently trading around the 97.35 level. Main News for Today UK Manufacturing Production- 08:30 GMT • The manufacturing data is forecasted to come in at 0.1%, well above last month's figure of -0.7% • Should the news come in as expected, the GBP could see gains against the USD and EUR during mid-day trading EUR ECOFIN Meetings- All Day • Euro-zone finance ministers are meeting to discuss last month's agreement to bring down Spanish and Italian borrowing costs • While the meetings are not expected to produce any concrete ways of moving forward with the agreement, any positive developments on combating the euro-zone debt crisis could help the EUR. Read more forex news on our forex blog

Market Review 29.6.12 Posted: 29 Jun 2012 03:32 AM PDT The euro shot up close to 180 pips against the USD in overnight trading after euro-zone leaders announced that they would take emergency steps to bring down borrowing costs in Spain and Italy. The EUR/USD is currently trading at 1.2590. Other riskier currencies benefited from the news as well. Both the AUD/USD and GBP/USD have gone up more than 150 pips since last night and are respectively trading at 1.0177 and 1.5661. Main News for Today EU Summit-All day • Following last night's announcement that EU leaders would work to bring down borrowing costs in Spain and Italy, investors will be closely watching for any additional developments out of the summit • Any additional news on ways to combat the euro-zone debt crisis could lead to additional gains for the EUR UK BOE Gov King Speaks-09:30 GMT • The Bank of England Governor is expected to give a speech regarding further monetary easing steps to boost the British economic recovery • If additional monetary easing is announced, the pound could extend last night's gains against the USD Read more forex news on our forex blog

Market Review 28.6.12 Posted: 28 Jun 2012 01:54 AM PDT The EUR/USD bounced back from a three-week low during the overnight session yesterday, reaching as high as 1.2523 before staging another downward correction. The pair is once again trading below the 1.2500 level. Traders can expect significant market volatility today, as a much anticipated EU summit is scheduled to begin. Main News for Today EU Summit- Scheduled for today and tomorrow • Investors will be closely watching the summit to see if any new plans to stimulate euro-zone growth will be unveiled • The overall feeling among analysts is that EU leaders will likely fail to unveil any new significant measures at the summit • Should the EU summit disappoint, riskier currencies and commodities, like the euro, AUD and crude oil, could take heavy losses to finish out the week Italian 10-y Bond Auction • Investors will be watching the bond auction to see how hard the Italian economy has been hit by the euro-zone debt crisis • Should demand for Italian bonds turn out to be poor, the euro could see heavy losses throughout the day US Unemployment Claims-12:30 GMT • The number of Americans filing for first time unemployment insurance has gone up over the last 2 weeks • Should today's news come in above the expected 385K, the dollar could take losses against the Japanese yen Read more forex news on our forex blog

Market Review 27.6.12 Posted: 27 Jun 2012 01:56 AM PDT The EUR/USD came off a two-week low in overnight trading, but any gains are likely to be limited due to pessimism that the upcoming EU summit will produce any concrete solutions to the euro-zone debt crisis. The pair is currently trading at 1.2490. The price of gold fell further during the overnight session, largely due to the strengthening US dollar, which has made the precious metal more expensive for international buyers. Gold has dropped close to $18 in the last 24 hours and is currently trading at $1567 an ounce. Main News for Today US Core Durable Goods Orders- 12:30 GMT • The figure is forecasted to come in well above last month's result • Should the news come in at or above the predicted level of 0.9%, the USD could see additional gains against the euro • If the dollar extends its bullish trend today, commodities like crude oil and gold could fall further US Pending Home Sales- 14:00 GMT • Predicted to come in at 1.2%, well above last month's -5.5% • If true, the dollar could see gains against the JPY Read more forex news on our forex blog

Market Review 26.6.12 Posted: 26 Jun 2012 12:45 AM PDT The euro fell close to a two-week low against the US dollar during the overnight session, as investors remain doubtful that a summit of EU leaders later this week will produce any meaningful solutions to the euro-zone debt crisis. Furthermore, the EUR/JPY fell close to 40 pips last night, and is currently trading at 99.51. Crude oil also resumed its bearish trend dropping close to 60 cents. The commodity is currently trading at $78.80 a barrel. Main News for Today US CB Consumer Confidence Figure-14:00 GMT • While the dollar has seen substantial gains against currencies like the euro and Swiss franc lately, it has fallen against the Japanese yen • If today's news comes in above the forecasted level of 63.8, it may help the dollar recover some of its recent losses against the JPY • Should today's news come in below the expected level, the dollar could take additional losses against the JPY Read more forex news on our forex blog

Market Review 22.6.12 Posted: 22 Jun 2012 12:51 AM PDT The safe-haven US dollar made significant gains across the board in overnight trading amid a credit rating downgrade of 15 global banks and growth worries in China, the euro-zone and the US. The EUR/USD has fallen close to 130 pips over the last 24 hours, eventually reaching as low as 1.2542 during the Asian session. Crude oil also took significant losses last night. The commodity fell as low as $77.85 a barrel before staging a slight upward correction. Main News for Today German Ifo Business Climate-08:00 GMT • The indicator is a survey of business conditions in Germany, the euro-zone's biggest economy • Should the survey come in below the forecasted 106.1, it may lead to additional fears that the euro-zone crisis is spreading to Germany. In such a case, the euro could take additional losses ECOFIN Meetings- All day • The meetings involve talks between leaders of Germany, France, Italy and Spain regarding the economic crisis in the euro-zone • Investors will be watching the meetings because Spain may formally request a bailout for its banking sector • Should Spain request a bigger than expected bailout, riskier currencies like the euro and AUD could drop further

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