FOREXYARD: Forex News Blog |
- US Non-Farm Payrolls Set to Create Heavy Market Volatility
- Market Review 7.9.12
- Market Review 6.9.12
- Market Review 5.9.12
- Market Review 4.9.12
- Market Review 3.9.12
- Bernanke Speech Set to Create Major Volatility
- Market Review 31.8.12
- US Unemployment Claims Could Send USD Lower
- Market Review 30.08.2012
- Will the US GDP Figure Boost Riskier Assets?
US Non-Farm Payrolls Set to Create Heavy Market Volatility Posted: 07 Sep 2012 01:37 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 US Non-Farm Employment Change, set to be released today, September 7th at 12:30 GMT. The Non-Farm indicator is widely considered to be the most significant event on the forex calendar and consistently leads to market volatility. As can be seen in the chart below, last month's better than expected figure led to major gains for the EUR/USD. Don't miss out on another opportunity to capitalize on market volatility! Today's news is forecasted to come in at 121K, well below last month's 163K. If the predictions turn out to be true, speculations that the Fed will soon take steps to boost the US economic recovery could increase, which may lead to dollar losses before markets close for the weekend. 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 |
Posted: 07 Sep 2012 01:30 AM PDT The euro hovered near a two-month high against the USD for much of last night, following the announcement of the ECB's new bond buying program, designed to lower borrowing costs in Spain and Italy. Also, the USD was able to maintain its gains against the JPY after the ECB news, combined with a better than expected US ADP Non-Farm Employment Change led to risk taking in the marketplace. The higher demand for the dollar resulted in downward movement for gold. The precious metal fell close to $12 an ounce last night and is currently trading at the $1692 level. Main News for Today Read more forex news on our forex blog |
Posted: 06 Sep 2012 02:05 AM PDT Following the release of details regarding the ECB's plan to lower borrowing costs in Spain and Italy yesterday, the euro was able to extend its gains against most of its main currency rivals during overnight trading. The euro-zone news led to risk taking in the marketplace and boosted other higher yielding assets, including gold. Gold was able to break above the $1700 an ounce level last night, and is currently at its highest level since March 12th of this year. Main News for Today US ADP Non-Farm Employment Change- 12:15 GMT ECB Press Conference- 12:30 GMT US ISM Non-Manufacturing PMI- 14:00 GMT US Crude Oil Inventories- 15:00 GMT Read more forex news on our forex blog |
Posted: 05 Sep 2012 01:58 AM PDT The euro saw moderate losses against its main currency rivals last night, as uncertainties regarding ECB plans to lower borrowing costs in the euro-zone led to risk aversion among investors. That being said, losses were limited ahead of tomorrow's ECB press conference and Friday's US Non-Farm Payrolls. After falling close to $2 a barrel yesterday due to poor US manufacturing data, crude oil extended its bearish trend last night and is currently trading just above the $95.20 level. Main News for Today Read more forex news on our forex blog |
Posted: 04 Sep 2012 01:14 AM PDT The euro was able to come within reach of a two-month high against the US dollar during overnight trading, as hopes that the ECB will unveil plans to lower borrowing costs in the euro-zone led to risk taking in the marketplace. The EUR/USD advanced more than 45 pips to reach as high as 1.2626 before staging a slight downward correction. The pair is currently trading at the 1.2615 level. Commodities and precious metals saw little movement last night. The price of crude oil remained around its current level of $97.15, a one-week high. Gold spent most of the night trading at the $1695 level, a five-month high. Main News for Today US ISM Manufacturing PMI- 14:00 GMT Read more forex news on our forex blog |
Posted: 03 Sep 2012 01:46 AM PDT After hitting a two-month high last Friday, the EUR/USD saw little movement in overnight trading and is currently trading at 1.2581, relatively unchanged from when markets opened for the week. The pair turned bullish on Friday, following a speech from Fed Chairman Bernanke in which he hinted that new steps to boost the US economy could begin in the near future. Poor Chinese and Australian economic indicators resulted in the AUD slipping to a fresh six-week low against the USD at 1.0238 last night. Main News for Today UK Manufacturing PMI- 08:30 GMT ECB President Draghi Speaks- 13:30 GMT Read more forex news on our forex blog |
Bernanke Speech Set to Create Major Volatility Posted: 31 Aug 2012 01:46 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 a speech from Fed Chairman Bernanke, set to take place today, August 31st at 14:00 GMT. After Bernanke failed to mention new steps to boost the US economic recovery during a speech in July, investors began shifting their funds away from riskier assets, which sent the EUR/USD tumbling. Don't miss out on another opportunity to capitalize on market volatility! Investors are eagerly awaiting today’s speech to see if Bernanke will hint at new steps the Fed may take to boost the US economy. If he does outline a plan to stimulate economic growth, riskier currencies like the euro and Australian dollar could see major gains before markets close for the weekend. 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 |
Posted: 31 Aug 2012 01:44 AM PDT The marketplace was relatively quiet during the overnight session, as investors were hesitant to open new positions ahead of an eagerly anticipated speech from Fed Chairman Bernanke today. The one exception was the Australian dollar, which extended its bearish trend due to a slowdown in China's economy. As Australia's biggest trading partner, economic data out of China tends to have a big impact on the AUD. The AUD/USD hit a one-month low at 1.0277 last night before staging a slight upward correction. The pair is currently trading at the 1.0305 level. Main News for Today Read more forex news on our forex blog |
US Unemployment Claims Could Send USD Lower Posted: 30 Aug 2012 02:22 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 US Unemployment Claims, set to be released today, August 30th at 12:30 GMT. As can be seen in the chart below, the USD/JPY took significant losses last week, after the unemployment claims figure came in higher than expected. Don't miss out on another opportunity to capitalize on market volatility! Today’s news is forecasted to come in at 370K, which if true, would be slightly lower than last week's and could help the dollar recover some of its recent losses. That being said, if the unemployment figure comes in higher than expected, the dollar could extend its bearish trend. 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 |
Posted: 30 Aug 2012 02:19 AM PDT The euro saw slight gains against the dollar in overnight trading, as investors continue to eagerly await a speech from Fed Chairman Bernanke tomorrow. The EUR/USD advanced just over 30 pips to reach as high as 1.2559. Currently the pair is trading at 1.2540. Meanwhile, the AUD/USD hit a one month low at 1.0316 last night. The aussie has seen significant losses in recent days due to an economic slowdown in China. Main News for Today US Unemployment Claims- 12:30 GMT Read more forex news on our forex blog |
Will the US GDP Figure Boost Riskier Assets? Posted: 29 Aug 2012 01:54 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 US Prelim GDP, set to be released today at 12:30 GMT. As can be seen in the chart below, after the last US GDP figure signaled a slowdown in American economic growth, risk aversion turned the GBP/USD bearish. Don't miss out on another opportunity to capitalize on market volatility! Today’s news is expected to come in at 1.7%, which would signal a moderate increase in economic growth in the US. If true, higher-yielding assets, like the EUR, AUD and crude oil could see gains as a result. This is an excellent opportunity for forex traders to take advantage of potentially significant news, so don't miss out! |
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