FOREXYARD: Forex News Blog

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Market Review 9.8.12 Posted: 09 Aug 2012 01:45 AM PDT The euro took moderate losses against the US dollar last night, but remained bullish overall as investor anticipation regarding potential ECB action to lower Spanish and Italian borrowing costs kept risk sentiment high. Additionally, better than expected Australian employment data caused investors to shift their funds to higher yielding assets, including the aussie. The AUD/USD advanced close to 60 pips during Asian trading to reach a fresh 4 ½ month high at 1.0612. The pair is currently trading at 1.0590. Main News for Today ECB Monthly Bulletin- 08:00 GMT • The bulletin outlines the ECB's economic forecast for the euro-zone • A positive outlook could lead to more risk taking in the marketplace, which may help the euro against the US dollar and yen US Unemployment Claims- 12:30 GMT • Analysts are forecasting today's figure to come in slightly higher than last week's • If the news comes in higher than 371K, the dollar could see additional losses against the JPY in afternoon trading US Trade Balance- 12:30 GMT • The trade balance figure is forecasted to come in at -47.4B, slightly better than last month's -48.7B • Any better than expected data could help the dollar recoup some of its recent losses against the EUR and AUD Read more forex news on our forex blog

Market Review 8.8.12 Posted: 08 Aug 2012 02:55 AM PDT The euro took slight losses in overnight trading against the US dollar, but remained near a one-month high reached earlier in the week. After hitting a four-month high at 1.0602 against the USD yesterday, the aussie also slipped last night and is currently trading at 1.0560. With the economic calendar particularly light this week, analysts are forecasting riskier currencies to remain close to their current levels, as there are still expectations that the ECB will announce plans to lower borrowing costs in Spain and Italy. Main News for Today German 10-Year Bond Auction • Should demand for German bonds remain high, riskier currencies like the euro could extend their recent bullish trend during the afternoon session US Crude Oil Inventories- 14:30 GMT • Last week, crude oil received a significant boost after the inventories figure signaled an increase in demand in the US • If today's news comes in below the forecasted -0.6M, oil could see gains during afternoon trading Read more forex news on our forex blog

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