FOREXYARD: Forex News Blog

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Will Earnings Report Give Facebook a Boost? Posted: 25 Jul 2012 08:19 AM PDT 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 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

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