Friday, September 7, 2012

FOREXYARD: Forex News Blog

FOREXYARD: Forex News Blog

Link to Forex Trading Education : Forex Trading Blog by FOREXYARD

Market Review 5.9.12

Posted: 05 Sep 2012 01:58 AM PDT

printprofile

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

With no major news events scheduled to take place today, traders will want to continue monitoring any announcements out of the euro-zone which could hint at details of the ECB's plans to lower borrowing costs in Spain and Italy.

Read more forex news on our forex blog

Market Review 4.9.12

Posted: 04 Sep 2012 01:14 AM PDT

printprofile

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
• The PMI is forecasted to come in at 50.0, which if true, would indicate expansion in the US manufacturing sector
• If today's news comes in at or above the forecasted level, the USD could recoup some of its recent losses against the EUR and JPY

Read more forex news on our forex blog
Posted by at

1 comment:

  1. BloggerFebruary 17, 2017 at 6:29 AM

    Bullion Exchanges is a well known Precious Metals Shop located in the heart of New York City's Diamond District.

    They have a wide inventory of items including, precious metals that range from the gold and silver to the prestigious platinum & palladium.

    They are offering an enormous selection of products appealing to first time buyers and for seasoned collectors.

    ReplyDelete

Subscribe to: Post Comments (Atom)