FOREXYARD: Forex News Blog

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• Market Trends 09.01.2013
• Market Review 09.01.2013
• Market Trends 07.01.2013
• Market Review 07.01.2013
• Market Trends 04.01.2013
• Can This Month’s NFP Report Send Oil Prices Higher?
• Market Review 04.01.13
• Market Trends 03.01.2013
• Market Review 03.01.2013
• Market Trends 02.01.2013
• Market Review 02.01.2013

Market Trends 09.01.2013 Posted: 09 Jan 2013 02:20 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see downward movement today Support- 1652.15 Resistance- 1673.49 Silver- May see downward movement today Support- 29.82 Resistance- 31.09 Crude Oil- May see downward movement today Support- 92.18 Resistance-93.77 Dax 30- May see upward movement today Support- 7624.01 Resistance- 7850.00 EUR/USD May see downward movement today Support- 1.2995 Resistance- 1.3163 Read more forex news on our forex blog

Market Review 09.01.2013 Posted: 09 Jan 2013 02:17 AM PST The US dollar was able to correct some of its recent losses against the Japanese yen during the overnight session, as renewed speculations that the Bank of Japan will initiate a new round of monetary easing in the near future weighed down on the JPY. The USD/JPY advanced more than 80 pips during Asian trading and is currently trading at 87.60. A slow news day yesterday resulted in the EUR/USD, crude oil and gold seeing little movement during overnight trading. Main News for Today German Industrial Production- 11:00 GMT • Analysts are forecasting the figure to come in at 1.1%, significantly higher than last month's -2.6% • Better than expected news could result in gains for the euro during mid-day trading US Crude Oil Inventories- 15:30 GMT • Analysts are forecasting today's figure to come in at 0.9M, which if true, may be taken as a sign of weakened demand in the US and could lead to a drop in oil prices during afternoon trading Read more forex news on our forex blog

Market Trends 07.01.2013 Posted: 07 Jan 2013 02:42 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see upward movement today Support- 1643.81 Resistance- 1662.58 Silver- May see upward movement today Support- 29.24 Resistance- 30.92 Crude Oil- May see upward movement today Support- 91.62 Resistance-93.17 Dax 30- May see downward movement today Support- 7681.47 Resistance- 7850.00 EUR/USD May see downward movement today Support- 1.2895 Resistance- 1.3110 Read more forex news on our forex blog

Market Review 07.01.2013 Posted: 07 Jan 2013 02:37 AM PST The US dollar came off of a recent 2 ½ year high against the Japanese yen during overnight trading, although analysts were quick to warn that the overall trend for the greenback was still bullish, and gains were likely to be seen in the coming days. The USD/JPY, currently trading at 87.68, has fallen more than 60 pips since markets opened for the week. Last night, higher-yielding assets in general gave up some of their gains from Friday when a positive US jobs report encouraged risk taking among investors. The EUR/USD fell just over 50 pips, while the price of crude oil dropped by around $0.40 a barrel. Main News for Today While no significant news events scheduled for today, traders will still want to pay attention to any developments in the talks between US lawmakers to raise the nation's borrowing limit. With the federal government forecasted to run out of money in the next two months, an agreement will need to be reached in the very near future so more money can be borrowed. Riskier currencies could see a boost if there is any progress in the talks. Read more forex news on our forex blog

Market Trends 04.01.2013 Posted: 04 Jan 2013 02:34 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see downward movement today Support- 1625.74 Resistance- 1658.79 Silver- May see downward movement today Support- 28.23 Resistance- 30.45 Crude Oil- May see upward movement today Support- 91.27 Resistance-93.17 Dax 30- May see upward movement today Support- 7681.47 Resistance- 7850.00 EUR/USD May see upward movement today Support- 1.2933 Resistance- 1.3110 Read more forex news on our forex blog

Can This Month’s NFP Report Send Oil Prices Higher? Posted: 04 Jan 2013 02:33 AM PST Can This Month's NFP Report Send Oil Prices Higher? 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) report, set to be released today, January 4th, at 13:30 GMT. As can be seen in the chart below, following a better than expected NFP report last month, speculations that demand for oil in the US would go up resulted in crude prices spiking. 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 today’s figure forecasted to come in at 135K, slightly below last month's 146K, the US dollar could see losses before markets close for the weekend. That being said, a better than expected NFP report could lead to investor risk taking, which would boost oil prices. 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 Review 04.01.13 Posted: 04 Jan 2013 02:30 AM PST The US dollar hit a fresh 2 ½ month high against the JPY during overnight trading, as speculations that the Bank of Japan will soon initiate aggressive monetary easing policies continued to weigh down on the Japanese currency. Fears that US lawmakers will fail to reach a deal to raise the nation's borrowing limit before the government runs out of money in the next two-months, led to risk aversion in the marketplace and caused the euro to extend its bearish trend against the USD. Gold took fairly significant losses during early morning trading today, while crude oil prices have remained relatively steady at $92.20 a barrel since last night. Main News for Today US Non-Farm Employment Change- 13:30 GMT • The employment figure, widely considered the most significant event on the forex calendar, is forecasted to come in at 150K, slightly higher than last month's 146K • A better than expected result may lead to risk taking in the marketplace, which would boost higher-yielding assets like the euro, crude oil and AUD US Crude Oil Inventories- 16:00 GMT • Forecasted to come in at -0.7M, which if true, would signal an increase in oil consumption in the US which may cause oil prices to turn bullish during afternoon trading Read more forex news on our forex blog

Market Trends 03.01.2013 Posted: 03 Jan 2013 01:59 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see upward movement today Support- 1670.54 Resistance- 1696.83 Silver- May see upward movement today Support- 30.33 Resistance- 31.41 Crude Oil- May see downward movement today Support- 91.65 Resistance-93.56 Dax 30- May see downward movement today Support- 7621.76 Resistance- 7850.00 EUR/USD May see upward movement today Support- 1.3077 Resistance- 1.3216 Read more forex news on our forex blog

Market Review 03.01.2013 Posted: 03 Jan 2013 01:58 AM PST The euro, weighed down by weak EU manufacturing data from yesterday, lost more than 60 pips against the US dollar in overnight trading, eventually reaching as low as 1.3126, before bouncing back to its current level of 1.3150. Gold prices saw a minor downward correction during the Asian session, but remained within reach of yesterday's two-week high. The precious metal is currently trading at $1683.49 an ounce. After hitting a three-month high yesterday at $93.83, crude oil saw slight bearish movement during overnight trading, and is currently trading at $92.72 a barrel. Main News for Today US ADP Non-Farm Employment Change- 13:15 GMT • The ADP figure is considered an accurate predictor of tomorrow's all-important Non-Farm Payrolls data • Analysts are forecasting today's news to come in moderately higher than last month's, which if true, could lead to risk taking in the marketplace and boost riskier assets US Unemployment Claims- 15:30 GMT • Predictions are calling for today's figure to come in at 356K, slightly higher than last week's • If today's news comes in higher than expected, risk aversion could boost safe-haven currencies like the USD and JPY Read more forex news on our forex blog

Market Trends 02.01.2013 Posted: 02 Jan 2013 02:20 AM PST Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see downward movement today Support- 1673.20 Resistance- 1696.83 Silver- May see downward movement today Support- 30.14 Resistance- 31.23 Crude Oil- May see downward movement today Support- 91.86 Resistance-93.75 Dax 30- May see upward movement today Support- 7682.27 Resistance- 7850.00 EUR/USD May see downward movement today Support- 1.3180 Resistance- 1.3354 Read more forex news on our forex blog

Market Review 02.01.2013 Posted: 02 Jan 2013 02:18 AM PST Following the last minute deal reached by US lawmakers to avoid the "fiscal cliff" of tax increases and budget cuts yesterday, higher-yielding assets (EUR, AUD, NZD, crude oil) all saw upward movement after markets opened for the day. Safe-haven currencies, including the US dollar and Japanese yen, turned bearish, as investors shifted their funds to riskier assets. Main News for Today US ISM Manufacturing PMI- 14:00 GMT • Analysts are forecasting the figure to come in at 50.2, which if true, would signal expansion in the US Manufacturing Sector. • If the figure comes in above expectations, higher-yielding assets could see additional gains during afternoon trading. Read more forex news on our forex blog

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