FOREXYARD: Forex News Blog

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Market Review 26.9.12 Posted: 26 Sep 2012 12:57 AM PDT The euro tumbled vs. the US dollar in overnight trading, as concerns regarding the Spanish debt situation led to risk aversion among investors. After falling 55 pips to reach as low as 1.2855, the common currency bounced back to the 1.2870 level, where it is currently trading. After staging a mild upward correction at the beginning of the Asian session, the price of crude oil quickly reversed, erasing all of its previous gains. Crude traded as high as $91.31 a barrel before dropping to its current level of $90.75. Main News for Today US New Home Sales- 14:00 GMT • The home sales data is forecasted to come in at 381K, which would represent an improvement over last month's figure of 372K • Any better than expected news could help the US dollar bounce back from its recent lows against the Japanese yen Read more forex news on our forex blog

Market Review 25.9.12 Posted: 25 Sep 2012 03:18 AM PDT The euro fell to a one-week low against the US dollar in overnight trading, as investor fears regarding Spain and Greece's debt situation, combined with a worse than expected German business climate indicator yesterday, led to risk aversion in the marketplace. After trading as low as 1.2885, the EUR/USD was able to stage a slight upward correction and is currently at 1.2910. The price of crude oil saw minor downward movement last night before staging a bullish correction during early morning trading. The commodity, which is currently trading at $92.55 a barrel, has gained close to $1 since European trading began. Main News for Today ECB President Draghi Speaks- 13:00 GMT • Given the recent resurgence in concerns regarding the debt situations in Greece and Spain, investors will be eagerly watching this speech • If Draghi is able to calm investor fears regarding the pace of the euro-zone economic recovery, the euro could see bullish movement in afternoon trading US CB Consumer Confidence- 14:00 GMT • The consumer confidence figure is expected to come in at 63.1, slightly higher than last month's • Any better than expected news could help the dollar stage an upward correction against the JPY Read more forex news on our forex blog

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