FOREXYARD: Forex News Blog

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• Market Trends 7.12.12
• Market Review 7.12.12
• How Will This Month’s NFP Affect Gold Prices?
• Market Trends 6.12.12
• Market Review 6.12.12
• Market Trends 5.12.12
• Market Review 5.12.12
• Market Trends 4.12.12
• Market Review 04.12.12
• Market Review 3.12.12
• Market Trends 30.11.12

Market Trends 7.12.12 Posted: 07 Dec 2012 02:27 AM PST Hey Everyone, Below are some market trends for today. Good luck! Gold- May see downward movement today Support- 1688.71 Resistance- 1712.68 Silver- May see downward movement today Support- 32.55 Resistance- 33.36 Crude Oil- May see downward movement today Support- 85.66 Resistance-87.64 Dax 30- May see downward movement today Support- 7471.88 Resistance- 7547.00 EUR/USD May see upward movement today Support- 1.2825 Resistance- 1.3075 Read more forex news on our forex blog

Market Review 7.12.12 Posted: 07 Dec 2012 02:25 AM PST The euro extended its bearish trend during overnight trading, as a decrease in euro-zone growth forecasts continued to weigh down on the common-currency. The EUR/USD, currently trading below 1.2940, has fallen close to 140 pips since mid-day trading yesterday. The US dollar took slight losses against the Japanese yen during Asian trading, but was able to largely maintain its recent gains as investors hesitated to open large positions ahead of key US employment data today. The USD/JPY, currently trading at 82.38, fell some 15 pips last night. Main News for Today ECB President Draghi Speaks- 10:00 GMT • The euro turned bearish yesterday largely due to speculations that the ECB is considering an EU interest rate cut due to decreased economic growth expectations • Any mention of a possible interest rate cut in Draghi's speech today could result in additional euro losses US Non-Farm Employment Change- 13:30 GMT • The Non-Farm Employment Change is widely considered the most significant event on the forex calendar • Analysts are forecasting today's indicator to come in well below last month's • Any worse than expected news could result in losses for higher-yielding assets, including the euro, gold and crude oil Read more forex news on our forex blog

How Will This Month’s NFP Affect Gold Prices? Posted: 06 Dec 2012 05:16 AM PST 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 Payrolls (NFP), set to be released tomorrow, December 7th, at 13:30 GMT. As can be seen in the chart below, following a better than expected Non-Farms report last month, a strengthened US dollar resulted in the price of gold tumbling by more than $20 an ounce. Don't miss out on another opportunity to capitalize on market volatility! Analysts widely agree that the Non-Farms report is the most significant news event on the forex calendar. With tomorrow's figure forecasted to come in at 91K, well below last month's 171K, the US dollar may take significant losses before markets close for the weekend. Any bearish dollar movement could result in gains for commodities and precious metals, including gold and silver. 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

Market Trends 6.12.12 Posted: 06 Dec 2012 02:07 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see upward movement today Support- 1677.03 Resistance- 1705.45 Silver- May see downward movement today Support- 32.23 Resistance- 33.39 Crude Oil- May see upward movement today Support- 86.08 Resistance- 88.88 Dax 30- May see downward movement today Support- 7388.25 Resistance- 7547.00 EUR/USD May see upward movement today Support- 1.2980 Resistance- 1.3119 Read more forex news on our forex blog

Market Review 6.12.12 Posted: 06 Dec 2012 02:03 AM PST The markets saw relatively little movement during overnight trading last night, as investors were hesitant to open large positions ahead of tomorrow's all-important US Non-Farm Payrolls report. The EUR/USD fell just over 20 pips, but was quickly able to recoup its losses. The pair is currently trading at 1.3067. A better than expected Australian Employment Change figure resulted in the AUD/USD gaining more than 30 pips to eventually trade as high as 1.0479. The price of gold fell just over $4 an ounce before finding support at the $1690 level. Crude oil prices held steady around the $87.75 level throughout the night. Main News for Today Euro-Zone Minimum Bid Rate and ECB Press Conference- 12:30 and 13:15 GMT • The euro-zone interest rate decision followed by the ECB press conference tend to have a significant impact on the marketplace, as they signal to investors what the current state of the EU economy is • Any signs that the euro-zone economic recovery is slowing down could result in euro losses during afternoon trading today US Unemployment Claims- 13:30 GMT • The unemployment claims figure will provide investors with another indicator regarding the state of the US labor sector ahead of tomorrow's Non-Farm Payrolls report • Should the figure come in below the forecasted 378K, the dollar could receive a boost against the Japanese yen Read more forex news on our forex blog

Market Trends 5.12.12 Posted: 05 Dec 2012 02:24 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see downward movement today Support- 1690.90 Resistance- 1719.45 Silver- May see downward movement today Support- 32.88 Resistance- 33.83 Crude Oil- May see downward movement today Support- 87.55 Resistance- 90.30 Dax 30- May see downward movement today Support- 7263.31 Resistance- 7547.00 EUR/USD May see upward movement today Support- 1.3005 Resistance- 1.3165 Read more forex news on our forex blog

Market Review 5.12.12 Posted: 05 Dec 2012 02:17 AM PST Encouraging signs that Greece is closer to receiving a new round of bailout funds, combined with positive Spanish economic data, led to risk taking in overnight trading. Higher-yielding currencies and commodities, including the euro, Australian dollar and gold were able to benefit from the news. Meanwhile, speculations that Japan will soon unveil a new round of monetary stimulus caused the USD/JPY to spike during the Asian session. The pair was able to gain close to 50 pips, eventually peaking at 82.33. A slight downward correction during early morning trading brought the greenback to its current level of 82.22. Main News for Today US ADP Non-Farm Employment Change-13:15 GMT • The ADP figure is considered a valid predictor of Friday's all-important Non-Farm Payrolls data • Analysts are forecasting today's news to come in at 129K, significantly below last month's 158K • A worse than expected result today could lead to the USD/JPY giving up some of its recent gains USD ISM Non-Manufacturing PMI- 15:00 GMT • Today's PMI is forecasted to come in below last month's • A worse than expected result may lead to dollar losses during afternoon trading US Crude Oil Inventories- 15:30 GMT • Today's inventories figure is forecasted to show an increase in American oil consumption over the last week • Should the figure come in below the expected -0.4M, the price of oil could increase as a result Read more forex news on our forex blog

Market Trends 4.12.12 Posted: 04 Dec 2012 02:06 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see upward movement today Support- 1696.15 Resistance- 1719.45 Silver- May see upward movement today Support- 32.88 Resistance- 33.83 Crude Oil- May see upward movement today Support- 87.86 Resistance- 90.30 Dax 30- May see downward movement today Support- 7233.21 Resistance- 7547.00 EUR/USD May see upward movement today Support- 1.2952 Resistance- 1.3129 Read more forex news on our forex blog

Market Review 04.12.12 Posted: 04 Dec 2012 01:53 AM PST The price of gold fell below $1700 an ounce last night, its lowest point in a month, as concerns over a lack of progress in budget negotiations among US Congressional leaders weighed down on commodities. After dropping more than $18 an ounce, the precious metal was able to stage a slight recovery and is currently trading at $1707. The ongoing deadlock over US budget negotiations also resulted in the USD/JPY falling close to 30 pips during Asian trading. The pair is currently at 81.92. Meanwhile, news that Greece is closer to receiving a new round of bailout funds helped the euro continue its advance vs. the USD last night. The common currency gained some 25 pips, and is currently trading at the 1.3060 level. Main News for Today Canadian Overnight Rate/BOC Rate Statement- 14:00 GMT • The Canadian dollar has seen gains against both the euro and USD in recent days • If today's BOC statement indicates economic growth in Canada, the CAD could extend its recent gains Read more forex news on our forex blog

Market Review 3.12.12 Posted: 03 Dec 2012 02:38 AM PST Higher-yielding currencies and commodities saw significant upward movement during overnight trading, as news that Greece was closer to receiving a new round of bailout funds encouraged risk taking among investors. The EUR/USD advanced close to 60 pips during the Asian session, eventually reaching as high as 1.3046, while the price of gold gained close to $10 an ounce. Crude oil moved up close to $0.50 a barrel when markets opened for the week, eventually reaching as high as $89.23, before staging a downward correction during morning trading. The commodity is currently trading around the $88.80 level. Main News for Today US ISM Manufacturing PMI- 15:00 GMT • The PMI is forecasted to come in slightly below last month's figure • A worse than expected final result could lead to losses for the USD/JPY as well as the price of crude oil Read more forex news on our forex blog

Market Trends 30.11.12 Posted: 30 Nov 2012 02:48 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see upward movement today Support- 1718.79 Resistance- 1739.87 Silver- May see upward movement today Support- 33.58 Resistance- 35.09 Crude Oil- May see upward movement today Support- 86.88 Resistance- 88.63 Dax 30- May see downward movement today Support- 7286.43 Resistance- 7448.25 EUR/USD May see upward movement today Support- 1.3070 Resistance- 1.2939 Read more forex news on our forex blog

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