FOREXYARD: Forex News Blog

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Market Review 27.8.12 Posted: 27 Aug 2012 01:27 AM PDT The euro took modest losses against the US dollar in overnight trading, as concerns regarding Greece's ability to control its debt levels led to risk aversion in the marketplace. The EUR/USD fell around 30 pips last night before staging an upward correction during early morning trading. The pair is currently trading just above the 1.2500 level. A hurricane in the Gulf of Mexico caused the price of oil to spike in overnight trading. The commodity gained more than $1 to reach as high as $97.69, before correcting itself. Currently oil is trading at $96.95. Main News for Today German Ifo Business Climate- 08:00 GMT • Analysts are forecasting the indicator to come in at 102.7, below last month's result of 103.3 • If today's news comes in below the forecasted level, the euro could take losses against the USD and JPY as a result Read more forex news on our forex blog

Market Review 23.8.12 Posted: 23 Aug 2012 01:26 AM PDT Signs that the Fed is preparing to initiate a new round of quantitative easing as early as next month, led to significant gains for higher-yielding currencies last night. The EUR/USD hit a fresh seven-week high, and is currently trading above 1.2560. Crude oil also extended its recent gains and is currently trading at $98.12 a barrel, its highest level since early May. Main News for Today German Flash Manufacturing PMI- 07:30 GMT • Analysts are calling for the PMI to come in at 43.5, slightly higher than last month's 43.0 • If the indicator comes in below the forecasted level, the euro could reverse some of its recent gains US Unemployment Claims- 12:30 GMT • The number of people filing for unemployment in the US has come in below expectations for the last four weeks • If the figure comes in below the expected 365K today, the dollar could see gains against the yen during mid-day trading US New Home Sales- 14:00 GMT • Analysts are forecasting today's news to show growth in the US real estate sector • If the new home sales figure comes in at or above the forecasted 363K, the dollar could reverse some of its recent losses

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