FOREXYARD: Forex News Blog

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• 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

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

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