FOREXYARD: Forex News Blog

---

• Market Review 01.02.2013
• Market Review 31.01.2013
• Market Review 30.01.2013
• Market trends 29.01.2013
• Market Review 29.01.2013
• Market Trends 28.01.2013
• Market Review 28.01.2013
• Market Trends 25.01.2013
• Market Review 25.01.2013
• Market Trends 24.01.2013
• Market Review 24.01.2013

Market Review 01.02.2013 Posted: 01 Feb 2013 12:53 AM PST The EUR/USD shot up to a 15-month high during the Asian session last night, as confidence in the euro-zone economic recovery continued to generate risk taking among investors. Meanwhile, the Japanese yen extended its bearish trend amid speculations regarding future aggressive monetary easing from the Bank of Japan. The USD/JPY gained close to 60 pips to trade as high as 92.28. Gold and crude oil were largely range trading throughout the overnight session, ahead of key US employment data today. Main News for Today US Non-Farm Employment Change- 13:30 GMT • The Non-Farm figure is widely considered the most important economic indicator on the forex calendar • If today's news comes in below the forecasted 161K, investor confidence in the US economic recovery may go down, which would result in losses for the US dollar • Additionally, if today's news disappoints, gold prices may be able to stage a bullish correction before markets close for the weekend Read more forex news on our forex blog

Market Review 31.01.2013 Posted: 31 Jan 2013 01:04 AM PST The euro traded just below a 14-month high of 1.3586 against the US dollar during overnight trading last night, after the Fed decided yesterday to leave their policy of monetary easing in place. Against the JPY, the common-currency lost just over 30 pips during the Asian session, and is currently trading at 123.30, slightly below a recent 2 ½ year high. Both crude oil and gold saw relatively little movement last night, as investors eagerly await a key US jobs report tomorrow for clues as to the current state of the American economic recovery. Main News for Today US Unemployment Claims- 13:30 GMT • Analysts expect today's news to show a minor increase in unemployment claims from last week • If the predictions are true, the dollar could take additional losses against its main rivals ahead of tomorrow's all-important Non-Farm Payrolls figure Read more forex news on our forex blog

Market Review 30.01.2013 Posted: 30 Jan 2013 12:40 AM PST The EUR/USD shot up to a 14-month high in early morning trading today, as investor confidence in the euro-zone economic recovery continues to boost riskier assets. The pair, which is currently trading at 1.3510, has advanced close to 30 pips since the beginning of Asian trading last night. Bearish US dollar movement last night helped gold become more affordable for international buyers, which boosted demand. The precious metal, which is currently trading at $1667.75 an ounce, gained over $5 during the Asian session. Main News for Today US ADP Non-Farm Employment Change- 13:15 GMT • The indicator is considered an accurate predictor of Friday's all important Non-Farm Payrolls figure • If today's news comes in below the forecasted 164K, the dollar could take additional losses during afternoon trading US Advance GDP- 13:30 GMT • The GDP figure is forecasted to show a slowdown in US economic growth • If today's news comes in below the expected 1.1%, the dollar is likely to extend its current bearish trend US FOMC Statement- 19:15 GMT • If the FOMC signals a slowdown in the US economic recovery when their statement is issued, risk aversion may lead to gains for the yen against the USD

FOREXYARD: Forex News Blog

---

G8 Summit to Dominate Forex Trading! Posted: 09 Jul 2009 03:48 AM PDT The 3 day G8 Summit, which is in its 2nd day today in L’Aquila, Italy is set to dominate forex trading going into next week. Despite other important events and economic releases that have occurred in the past week. It is safe to say that all investors will be keeping a close eye on the G8 Summit, as it is set to play a key role in determining the rates of the main currencies and Crude Oil. The EUR/USD pair is already trading higher by over 70 pips today at the 1.3967 level. The GBP/USD cross is up by a dramatic 110 pips at 1.6190. Additionally, the greenback is also trading lower against the Yen. One of the main reasons pushing down the USD today has been continued talk at the G8 Summit of replacing the Dollar as the global reserve currency. The main proponents of this have been the big 3 developing countries: China, India, and Brazil. The question now is how much more will the Dollar plummet as the G8 Summit drags on through Friday. The answer to this question is that the USD is likely to lose more ground against its main currency pairs, as the G8 Summit continues. Furthermore, with Barack Obama failing to have any answers to successfully kick-start the U.S. economy with his stimulus, the USD is likely to suffer further. Moreover, this may give more credibility to replacing the Dollar as the global reserve currency sooner rather than later.

You are subscribed to email updates from Forex Trading Education : Forex Trading Blog by FOREXYARD » G8 Summit To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610