FOREXYARD: Forex News Blog

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• Market Trends 28.12.12
• Market Review 28.12.12
• Market Review 27.12.12
• Market Trends 26.12.12
• Market Review 26.12.12
• Market Trends 24.12.12
• Market Review 24.12.12
• Market Trends 21.12.12
• Market Review 21.12.12
• Market Trends 20.12.12
• Market Review 20.12.12

Market Trends 28.12.12 Posted: 28 Dec 2012 03:21 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see downward movement today Support- 1651.05 Resistance- 1655.33 Silver- May see downward movement today Support- 29.69 Resistance- 30.42 Crude Oil- May see downward movement today Support- 89.31 Resistance-91.43 Dax 30- May see upward movement today Support- 7613.37 Resistance- 7700.00 EUR/USD May see downward movement today Support- 1.3085 Resistance- 1.3280

Market Review 28.12.12 Posted: 28 Dec 2012 03:19 AM PST The US dollar shot up to a fresh two-year high against the yen during overnight trading, as speculations that the Bank of Japan will initiate aggressive monetary easing policies in the near future weighed down on the Japanese currency. The euro saw slight upward movement against the dollar during the Asian session as investor hopes that US lawmakers can reach a budget deal before the end of the year boosted riskier assets. All eyes will be on a meeting between President Obama and Congressional leaders today to see if any progress in negotiations has been made. Main News for Today US Pending Home Sales-15:00 GMT • Analysts are forecasting the home sales figure to come in substantially lower than last month's • Worse than expected data today could weigh down on the dollar during afternoon trading

Market Review 27.12.12 Posted: 27 Dec 2012 02:42 AM PST The yen extended its bearish trend during overnight trading last night, amid speculations that the Bank of Japan will initiate new monetary easing steps in the near future. The USD/JPY hit a more than two-year high while the EUR/JPY traded at its highest level since July of 2011. The euro saw additional upward movement against the US dollar during the Asian session, as hopes that US lawmakers will soon reach an agreement to avoid the "fiscal cliff" of tax increases and budget cuts, boosted risk taking. The EUR/USD is currently trading at 1.3265. After gaining more than $2 a barrel yesterday, crude oil was able to advance another $0.40 last night, as speculations of an impending "fiscal cliff" deal led to risk taking among investors. Main News for Today US Unemployment Claims-13:30 GMT • Forecasted to come in at 365K, slightly higher than last week • A higher than expected figure today could lead to the dollar giving up some of its recent gains against the yen US CB Consumer Confidence- 15:00 GMT • Forecaster to come in at 70.3, significantly lower than last month's 73.7 • A worse than expected figure today could weigh down on the dollar US New Home Sales- 15:00 GMT • Forecasted to come in at 382K, which would represent a substantial increase over last month's 368K • Positive data could help the dollar recoup some of its recent losses against the euro and CHF

Market Trends 26.12.12 Posted: 26 Dec 2012 03:02 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see upward movement today Support- 1645.68 Resistance- 1667.91 Silver- May see upward movement today Support- 29.70 Resistance- 31.15 Crude Oil- May see downward movement today Support- 88.42 Resistance-89.88 Dax 30- May see upward movement today Support- 7584.30 Resistance- 7700.00 EUR/USD May see downward movement today Support- 1.3164 Resistance- 1. 3299 Read more forex news on our forex blog

Market Review 26.12.12 Posted: 26 Dec 2012 02:42 AM PST The Japanese yen fell to its lowest level against the US dollar since April of 2011 during Asian trading, as the new Japanese government assumed power. The yen has weakened significantly in recent weeks due to speculations that the Japanese Prime Minister will advocate for intense monetary easing. Most other currency pairs and commodities saw little movement during overnight trading, as the majority of international markets remain closed for the Christmas holiday. The EUR/USD gained some 20 pips and is currently trading at 1.3197, while gold prices advanced slightly less than $6 an ounce. Main News for Today With no significant economic indicators scheduled to be released today, traders will want to pay attention to developments in the US "fiscal cliff" negotiations. Any indication that a deal is closer to being reached may result in risk taking in the marketplace, which could boost the euro, AUD and crude oil. Read more forex news on our forex blog

Market Trends 24.12.12 Posted: 24 Dec 2012 02:47 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see downward movement today Support- 1645.40 Resistance- 1675.97 Silver- May see downward movement today Support- 29.70 Resistance- 30.96 Crude Oil- May see upward movement today Support- 87.42 Resistance-89.42 Dax 30- May see upward movement today Support- 7584.30 Resistance- 7700.00 EUR/USD May see upward movement today Support- 1.3164 Resistance- 1. 3299 Read more forex news on our forex blog

Market Review 24.12.12 Posted: 24 Dec 2012 02:44 AM PST The yen came within reach of a 20-month low against the US dollar in overnight trading, amid increased pressure on the Bank of Japan to adopt a more aggressive monetary easing policy. The euro was able to recover some of its recent losses against the USD last night, and is once again trading above the 1.3200 level. Both gold and silver also saw upward movement during Asian trading, while crude oil prices were largely flat to start off the week. Main News for Today With many markets already closed for the Christmas holiday, traders can anticipate low volatility in the marketplace, which could lead to seemingly random price shifts for little or no reason. Read more forex news on our forex blog

Market Trends 21.12.12 Posted: 21 Dec 2012 02:09 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see upward movement today Support- 1634.30 Resistance- 1668.60 Silver- May see upward movement today Support- 29.48 Resistance- 30.31 Crude Oil- May see upward movement today Support- 88.33 Resistance-90.20 Dax 30- May see downward movement today Support- 7578.54 Resistance- 7700.00 EUR/USD May see upward movement today Support- 1.3145 Resistance- 1. 3285 Read more forex news on our forex blog

Market Review 21.12.12 Posted: 21 Dec 2012 02:06 AM PST The euro fell more than 50 pips against the US dollar in overnight trading last night, as a renewed deadlock in US "fiscal cliff" negotiations led to risk aversion in the marketplace. The EUR/USD is currently trading just above 1.3200. The USD/JPY also fell close to 50 pips due to concerns regarding the "fiscal cliff". The pair, which had traded as low as 83.90 during the early morning session, has since bounced back to its current level of 84.05. The price of crude oil fell by more than $1 a barrel during the Asian session, eventually trading as low as $88.94. The commodity saw a slight upward correction at the beginning of the European session and is currently trading around the $89.35 level. Main News for Today US Core Durable Goods Orders- 13:30 GMT • The indicator is forecasted to come in at -0.2%, significantly lower than last month's 1.8% • A worse than expected figure today could result in losses for the dollar before markets close for the weekend Read more forex news on our forex blog

Market Trends 20.12.12 Posted: 20 Dec 2012 02:05 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see upward movement today Support- 1657.53 Resistance- 1692.99 Silver- May see upward movement today Support- 30.75 Resistance- 31.72 Crude Oil- May see upward movement today Support- 88.58 Resistance-90.89 Dax 30- May see downward movement today Support- 7596.12 Resistance- 7700.00 EUR/USD May see upward movement today Support- 1.3145 Resistance- 1. 3293 Read more forex news on our forex blog

Market Review 20.12.12 Posted: 20 Dec 2012 02:03 AM PST Following the announcement that the Bank of Japan is initiating a new round of monetary easing last night, the USD/JPY fell slightly more than 40 pips to eventually reach the 84.00 level. News that US budget negotiations are deadlocked once again caused the euro to remain bearish against the US dollar during Asian trading. The EUR/USD, currently trading at 1.3220, fell close to 50 pips during evening trading yesterday. Risk aversion due to the US budget impasse caused crude oil to reverse some of its recent gains during the overnight session. The commodity fell some $0.50 a barrel, and is currently trading at $89.55. Main News for Today US Unemployment Claims- 13:30 GMT • Forecasted to come in slightly above last week's figure • If true, the dollar could take additional losses against its main currency rivals during mid-day trading US Existing Home Sales- 15:00 GMT • Forecasted to come in at 4.88M, which if true, would be a significant improvement over last month's figure of 4.79M • A better than expected figure could lead to gains for the dollar and crude oil during afternoon trading US Philly Fed Manufacturing Index- 15:00 GMT • Forecasted to come in at -2.2, which if true, would be a significant improvement over last month's figure of -10.7 • A positive manufacturing figure is likely to boost the dollar during afternoon trading Read more forex news on our forex blog

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