Recent content by forexyard

Dollar and Yen Strengthen As a New Trading Week Begins After four days in which the euro and British pound had dominated the market, the trend markedly reversed by last Thursday. Several negative economic reports from the U.S. have added to concerns regarding the global economic recovery...

Euro Gains on Successful Spanish and Irish Debt Auctions The EUR rose against the US Dollar and came off 7-week lows against the Japanese Yen on Tuesday, helped by solid results of Irish and Spanish bond auctions which alleviated concerns about the heavily indebted Euro-Zone countries. The EUR...

Yen Strengthens Despite Weak Japanese GDP Report Volumes were light during Monday's trading as the yen climbed versus the major currencies. Japanese Q2 gross domestic product failed to meet market expectations, raising concerns over the pace of the global economic recovery. Economic News USD...

Signs of Slowdown in Global Economic Recovery Supports the Dollar The U.S. dollar corrected looses against most of the major currencies during last week's session, as data showed that global recovery might take longer than expected. This decreased risk-appetite in the market, and turned...

US Dollar Gaining Ground; Analysts Uncertain about Why With retail sales and consumer confidence figures expected from the United States later today, there is a high possibility that the greenback will experience a modest level of volatility before the market closes out for the weekend. If the...

The Safe Heaven Dollar, Yen Rally as Investors seek Safety Fears about global growth prospects fueled strong gains by the USD and JPY against most of their counterparts as investors turned to safe haven currencies following a stream of negative economic data from the U.S, China and the U.K...

USD/JPY Looks to Breach Below 85 The U.S. currency hovered within sight of a 15-year low versus the Japanese yen on Wednesday after the Federal Reserve announced plans to boost a flagging economy by reinvesting money from maturing mortgage bonds and government debt. The U.S. central bank...

Federal Funds Rate Leading Event in Today's Market The Federal Reserve is expected to keep its benchmark interest rate unchanged near 0% today, as traders get ready for a busy news cycle. The Fed's corresponding rate statement is expected to provide an assessment of the current economic...

Negative NFP Release Weakens The Dollar Vs. The Majors Following a relatively calm trading week, the U.S. Non-Farm Payrolls data managed to boost volatility in the market, bringing down the U.S. dollar in the process. The dollar fell to an 8-month low against the yen and to its lowest level...

Market Volatility Expected to Continue Today before Unemployment Claims The US Weekly Unemployment Claims is the primary publication today and will likely determine the level of the USD when it is released at 12:30 GMT. The other main releases that are set to dominate forex trading, especially...

Dollar Falls on Federal Reserve Speculations Negative economic data, as well as speculation regarding further monetary easing by the Federal Reserve, pushed the USD to its lowest level since April. Markets await the release of the Non-Farm Payrolls (NFP) data due Friday for signs of the...

Will the US Dollar Continue its Decline? Yesterday's trading was characterized with high optimism regarding global recovery. This optimism has boosted the European currencies, such as the euro and the pound, and weakened the relatively safer currencies - the US dollar and Japanese yen. As long...

Riskier Currencies on Top Following Market Opening Riskier currencies like the EUR and U.K. pound made significant gains against both the Yen and U.S. Dollar in overnight trading, as the markets prepare for a heavy trading week. Traders will want to pay attention to a number of news events...

Disappointing U.S. Macro Data Hit Markets Yesterday Plenty of important macro data from the U.S. was published yesterday. Investors were disappointed by the figures and responded mainly by moving away from riskier assets. At first U.S. Durable Goods came negative at -1%, at 12:30GMT later at...

Dollar Recovers after Consumer Confidence Report The U.S. Dollar advanced on Wednesday, gaining 1% against the Japanese Yen and pushing the EUR back under $1.30, after a report showed U.S. consumer confidence fell more than expected, pressuring equities lower and reducing investors' appetite...