FOREXYARD: Forex News Blog

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Market Review 13.9.12 Posted: 13 Sep 2012 01:53 AM PDT The euro remained within reach of a four-month high against the US dollar last night, as risk taking among investors remained high following a German court ruling yesterday in support of the euro-zone bailout fund. Meanwhile, the US dollar sunk to a more than three-month low against the Japanese yen amid speculations that the Fed will initiate a new round of quantitative easing to stimulate US economic growth as early as today. Main News for Today US PPI- 12:30 GMT • The PPI is forecasted to come in at 1.1%, significantly higher than last month's 0.3% • If true, the dollar could see temporary gains before the FOMC Statement later in the day US Unemployment Claims- 12:30 GMT • Unemployment claims are forecasted to come in at 370K, slightly higher than last week • If the indicator comes in above its forecasted level, the dollar could extend its recent losses US FOMC Statement- 16:30 GMT • Speculations that the Fed will announce a new round of quantitative easing today have weighed down on the dollar in recent weeks • If a new round of monetary stimulus is announced, the dollar could extend its recent losses Read more forex news on our forex blog

Market Review 12.9.12 Posted: 12 Sep 2012 12:59 AM PDT The euro hit a fresh four-month high against the US dollar yesterday, amid speculations that a German court will rule in favor of the ECB bailout fund today. Other higher yielding assets, including crude oil and gold, extended their upward trend last night amid an increase in risk taking among investors. Meanwhile, the dollar continued to fall against its other main rivals, including the yen and Swiss franc, in Asian trading, as investors eagerly await a FOMC Statement tomorrow regarding a possible new round of quantitative easing in the US. Main News for Today German Constitutional Court Ruling- 08:00 GMT • Expectations that the German court will rule in favor of the ECB bailout fund have supported riskier currencies and commodities in recent days • If the ruling does support the ECB's plans to combat the euro-zone debt crisis, the euro could see additional gains throughout the day US Crude Oil Inventories- 14:30 GMT • Analysts are forecasting the figure to come in at -1.8B • If true, it may be taken as a sign of high demand in the US and could result in oil extending its recent bullish trend Read more forex news on our forex blog

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