Forexyard Analysis

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Forexyard Analysis - The USD Remains Pressured on U.S Interest Rate Prospects

The U.S. currency may be headed for a quarterly decline against 14 of 16 major counterparts before report this week forecast to show American employers cut fewer jobs, boosting demand for higher-yielding assets. Although the greenback posted small gains against major rivals Tuesday, edging higher on the Japanese currency, the currency may reverse its earlier gains on speculation a Federal Reserve official will reiterate today that record-low Interest Rates will be unchanged for an extended period.

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Forexyard Analysis - USD Falls Slightly then Rebounds Ahead of Tomorrow's NFP Report

This week has been a bumpy ride for the US Dollar. After entering a bullish trend against a number of its currency rivals, the USD appeared set to step onto the world stage and announce the return of the safe-haven. However, a few positive reports in Europe and a level of optimism before the US Non-Farm Payrolls data tomorrow have helped many currencies pare some of the losses against the USD going into this morning's early trading hours. The USD, now appears, however, to be retaking the lead, as if optimism has taken a hit. Today's heavy news cycle and tomorrow's NFP report may be more important than many traders assume. If you're not in the market today and tomorrow, you should be.

Read the complete in depth forex analysis of today at our forex news center

 

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Forexyard Analysis - Major U.S. Data Publications to Set the Tone for Forex Trading T

As this week's trading comes to an end, the market awaits vital data from the U.S. economy. Both the U.S. Non-Farm Employment Change and the U.S. Unemployment Rate is set to drive the volatility of the forex market when they are released at 12.30 GMT. Also important for forex traders to follow is the Halifax HPI figures from Britain at 06:00 GMT. It is recommended that forex traders open big positions in USD and GBP crosses now, as today's trading unfolds.

Read the complete in depth forex analysis of today at our forex news center

 

[forexyard]

Forexyard Analysis - EUR/USD Volatility Ripples across FX Market

As the first week of October kicked off last week, traders witnessed a number of volatile jumps in the worlds 2 primary currencies: the EUR and USD. Optimism appeared to be on the rise in America while Europe was giving off signals of a lagging economy. The USD had pared a moderate percentage of its previous losses until employment data in the US hampered those gains and sent the EUR flying high. As a result, every other currency in the forex market was impacted in a similar way since these currencies have the ability to influence world prices. The question remains: Will this week's data calm the market, or simply add fuel to the flames?


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[forexyard]

Forexyard Analysis - Dollar Weakens on Speculation Gulf States May Stop Using Greenba

Growing speculation over the potential end to Dollar-based trading in the oil market has pushed the USD down against 14 of its 16 major counterparts yesterday. A report on Tuesday in the Independent newspaper revived the idea of ending a huge volume of trade of the world's most liquid commodity - Oil in the U.S. Dollar, a potentially major sign of the greenback's fading status. The Dollar weakened after the U.K.-based Independent reported oil-producing Gulf nations are seeking to move to a basket of currencies to settle transactions. Analysts said ending the use of the Dollar as the currency used to settle oil trades between countries would be an easy task, but a move to replace the currency in which oil is priced would require a massive effort.

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[forexyard]

Forexyard Analysis - Attention Turns to Crude Oil Before Inventory Data

With the US Dollar's future feeling uncertain, attention seems to have turned towards Crude Oil following speculation that the Gulf States recently discussed dropping the USD for oil trading in exchange for a basket of currencies. While the rumor was denied later by Gulf State leaders and foreign ministers, the impact created a moment for pause in the market. As a result, many are now focusing their attention on today's Crude Oil Inventories report to find out where the relative level of demand for the commodity currently stands to gauge if these rumors have any substance behind them.

Read the complete in depth forex analysis of today at our forex news center

 

[forexyard]

Forexyard Analysis - Dollar Down Ahead of Key Central Banks Statements

The Dollar is down today as investors await policy announcements from the European Central Bank (ECB) and the bank of England (BOE). Although no interest rate changes are expected, investors will be closely watching any accompanying remarks for clues as to the future of their monetary policy as well as exit strategies. U.S Unemployment Claims are also expected to be released today at 12:30 GMT as well as a testimony by Ben Bernanke at 11:00 GMT.

Read the complete in depth forex analysis of today at our forex news center

 

[forexyard]

Forexyard Analysis - Dollar Boosted Slightly by Ben Bernanke's Speech

Federal Reserve Chairman Ben Bernanke's speech yesterday gave a much needed boost to the Dollar against its major currency counterparts, particularly the JPY. Bernanke shifted to a more hawkish tone in terms of the timing of exit strategy following moves by other central banks, stating the bank is ready to tighten monetary policy once the economy improves. ECB President Trishet also supported a strong Dollar in his statement yesterday.

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[forexyard]

Forexyard Analysis - Could the EUR Strengthen Further?

Following a week in which most of the major currencies remained at relatively steady rates, the Euro stood out in its appreciation against the Dollar, the Yen and the Pound. Will this continue to be the trend this week as well? In addition, during last week, Crude Oil continued to strengthen, and reached over $72 a barrel. Go ahead and make profits from this week's major trends as well.

Read the complete in depth forex analysis of today at our forex news center

 

[forexyard]

Forexyard Analysis - U.S. Federal Budget Balance Set to Determine Forex Trading Today

The result of the U.S. Federal Budget Balance is set to be the main driver of volatility for the US Dollar and forex trading in general today. The other releases that are expected to be key to the forex market's volatility are the German ZEW Economic Sentiment, the British CPI and BOE Inflation Letter.

Read the complete in depth forex analysis of today at our forex news center

 

[forexyard]

Forex Analysis - The Dollar Retreats as Commodities Hit New Highs

The U.S. Dollar fell against a basket of currencies to within sight of recent lows on Tuesday as Gold hit a new high and Oil prices strengthened. The USD and commodities are often inversely correlated, with Gold and Oil priced in dollars and seen as an alternative currency and hard asset themselves. Ahead of U.S. corporate earnings figures and speeches from Federal Reserve officials later in the day, currency investors continued to speculate about when the U.S. central bank will tighten its monetary policy, thus putting more pressure on the U.S currency.

Read the complete in depth forex analysis of today at our forex news center

 

[forexyard]

Forex Analysis - U.S. Unemployment Claims to Be at the Forefront of Today's Trading

The U.S. Unemployment Claims and U.S. Core CPI data are set to drive forex trading today when they are released at 12:30 GMT. If strong economic data continues to be published from the U.S, U.K and Europe today, combined with strong equity performances this may continue to lead to a sell-off of safe haven currencies today, and push investors to higher yielding, riskier currencies as many see the global recession coming to an end. This could also push Crude Oil to the $77 price level.

Read the complete in depth forex analysis of today at our forex news center

 

[forexyard]

Forex Analysis - Forex Market to be Dominated by Crucial U.S. Data Today

The movement in the forex market today is set to be driven by the release of crucial U.S. data. Amongst the most important of these publications are the TIC Long-Term Purchases, Industrial Production and Prelim UoM Consumer Sentiment. Better than forecast data may push-down the USD, and push-up demand for higher-yielding assets, such as the crude Oil Gold and the GBP. In the meantime, you should enter the forex market now to take advantage of the current trends.

Read the complete in depth forex analysis of today at our forex news center

 

[forexyard]

Forex Analysis - Bernanke's Speech to Dominate the Market Today

Following a week that predominately delivered remarkable record highs for gold, in addition to new lows for the Dollar; the main question is whether this trend will extend. Perhaps not and we'll witness a change in trends this week. Federal Reserve Board Chairmen Ben Bernanke is due to deliver a speech today which might set the tone for the major currencies, and may just help to clarify the picture of today's market.

Read the complete in depth forex analysis of today at our forex news center

 

[forexyard]

Forex Analysis - The Forex Market Awaits Crucial U.S. Data Today

The forex market awaits crucial U.S. data today in the PPI and Building Permits figures at 12:30 GMT. These publications are set to drive the pace of the forex market throughout the trading day. It is also recommended that you pay close attention to unexpected news announcements by President Obama as this is likely to increase market volatility. As for now, open your positions in the majors, whilst the trading day gets under way.

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[tomo1]

right and tomorrow trade balance JPY!
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[forexyard]

Forex Analysis - EUR Unable to Push above $1.50

The Dollar strengthened versus the EUR following a decline in stock markets, poor U.S economic data and an unexpectedly dour outlook from the Bank of Canada. Concerns about the strength of U.S. corporate earnings and the strength of the global economic recovery dampened demand for risky assets, halting hit the EUR's attempt to breach the $1.50 mark Tuesday.

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[forexyard]

Forex Analysis - Dollar Tumbles as Investors Turn to Riskier Assets

Witnessing a steady decline during this week's trading sessions, the USD became weakened as traders unwound their Dollar-buy positions in exchange for riskier assets, such as stocks. The global stock rally seen yesterday may have been one of the leading causes in the Dollar's depreciation. With recent market optimism, traders may continue to see a small downward trend in the U.S. Dollar as its positions are unwound in exchange for higher yielding assets.

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Forex Analysis - The Dollar Resumes Broad Slide towards 2008 Lows

he USD surrendered slim gains on Friday, resuming its bearish momentum against a basket of currencies on expectations Interest Rates will remain low in the U.S. Low rates make the U.S. Dollar less attractive than higher-yield currencies more closely correlated with economic recovery.

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[forexyard]

Forex Analysis - The EUR/USD Trades Past $1.50 First Time in 14 Months

The U.S dollar fell against the EUR and the Yen in Asian trading this morning after an official newspaper of the Chinese central bank said China should cut its USD holdings, adding to concerns over the unit's global reserve currency status.
The greenback could weaken further later in the day, particularly against the risk-sensitive EUR, which is also benefiting from stronger stock markets, analysts said.

Read the complete in depth forex analysis of today at our forex news center