FOREXYARD: Forex News Blog

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Market Review 17.7.12 Posted: 17 Jul 2012 01:57 AM PDT The euro was able to extend its recent gains against the US dollar in overnight trading. The EUR/USD gained close to 50 pips and is currently trading just below the 1.2300 level. Crude oil also saw moderate gains last night. The commodity reached as high as $89.08 a barrel level before correcting itself and dropping to its current level of $88.75. Main News for Today German ZEW Economic Sentiment- 09:00 GMT • Analysts are predicting today's news to come in at -17.3, which if true, would represent a drop over last month's figure • Should the news come in below expectations, it may raise fears that the euro-zone crisis is spreading and could cause the EUR to reverse yesterday's gains US Fed Chairman Bernanke Testifies- 14:00 GMT • Investors are anxiously awaiting this speech to see if the Fed Chairman will hint at a new round of quantitative easing to boost the US economic recovery • If there is any mention of quantitative easing in the testimony, the dollar could take significant losses in the afternoon session Read more forex news on our forex blog

Is the Euro-Zone Crisis Spreading to Germany? Posted: 17 Jul 2012 12:23 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 German ZEW Economic Sentiment, scheduled to be released today, at 9:00 GMT. Last month, the German indicator came in well below expectations and caused the Dax 30 to drop suddenly, as can be seen in the chart below. Don't miss out on another opportunity to capitalize on market volatility! If today's news once again comes in below the forecasted level, fears that the euro-zone debt crisis is spreading to Germany may increase. As a result, riskier currencies and indices, like the EUR, AUD and Dax 30, could see significant losses during mid-day 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

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