Forexyard Analysis

[forexyard]

Forex Analysis - Dollar Gains from Greece Rescue Plan

The U.S Dollar touched a 7-month high against the EUR Thursday after European leaders indicated they will support Greece, but not necessarily deliver direct aid. The greenback added to gains after the U.S. Labor Department said initial claims for unemployment benefits dropped 43,000 to 440,000 in the last week, a bigger decline than economists had estimated.

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[forexyard]

Forex Analysis - Greece Worries Continue to Impact Euro

With a slow news day forecasted for today, the Euro continues to be weighed down by Greece's deficit worries. Further impacting the hard hit currency is the lack of a concrete plan from the European Central Bank to come to Greece's aid. This does not bode well for the Euro in trading today.

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[forexyard]

Forex Analysis - Easing Concerns over Greece's Debt Boost the EUR

The USD declined against the EUR yesterday as anxiety over Greece's debt situation is losing ground. Also better than expected economic data from the U.S and Europe helped boost risk appetite, pushing investors to riskier currencies and commodities.

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[forexyard]

Forex Analysis - Unemployment Claims in Focus Today

The Forex market awaits crucial U.S. data today in the PPI and Unemployment Claims figures at 13:30 GMT. These publications are set to drive the pace of the forex market throughout the trading day. Forex traders are advised to open their USD positions now, prior to the release of the vital economic data from the leading economies.

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[forexyard]

Forex Analysis - Dollar Skyrockets after Federal Reserve Increases Discount Rate

The Dollar surged in value versus the euro after the Federal Reserve surprised the forex market late yesterday by raising a key interest rate. This may be the first stage in rolling back its stimulus packages enacted during the financial crisis.

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[forexyard]

Will the Euro Continue to Recover?

Last week's trading was mostly characterized by the sharp change of trends in the market. The most notable trend reversal was of the Euro, which dropped during the beginning of the week, just to bounce back later on, due to speculations of a Greek rescue plan. The main question for this week's trading is whether the Euro will continue to recover, or will the EUR/USD pair will reach a new low.

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[forexyard]

Re: Forexyard Daily Analysis: Feb. 22-26

U.S Dollar Up ahead of Bernanke Testimony

The U.S. Dollar briefly stayed higher versus the EUR on Monday and near an 8-month high versus other major currencies as traders await Fed Chairman Ben Bernanke's testimony on Wednesday and Thursday that would set the tone for the greenback in the coming days and possibly highlight future decisions regarding interest rates following the recent rise in the discount rate.

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[forexyard]

Re: Forexyard Daily Analysis: Feb. 22-26

USD Furthers Gains on EUR ahead of Bernanke Testimony

The U.S. Dollar saw some major gains on the Euro last night. The pair went as low as 1.3500 before rebounding to its current level of about 1.3540. Today, Fed Chairman Ben Bernanke is scheduled to testify before the U.S. Congress, an event likely to create heavy market volatility throughout his testimony and in the minutes after.

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[forexyard]

Forex daily analysis - Forex Market Anticipates the Release of U.S. Unemployment Clai

The U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 13:30 GMT. The other main releases that are set to dominate forex trading, especially for currencies such as the Dollar and EUR is the publication of the German Unemployment Change and British CBI Sales at 8:55 GMT and 12:45 GMT respectively. Traders may find good opportunities to enter the market following these vital announcements

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[forexyard]

Forex daily analysis - Bernanke Reaffirms Low Interest Rates

Rumors of another possible downgrade of Greece by Standard & Poor convinced traders to sell the EUR in favor of higher yielding currencies like the Yen, as well as the EUR's traditional rival, the USD. But the Dollar's gains have become muted since Federal Reserve Board Chairman Ben Bernanke continued his testimony yesterday and reaffirmed keeping interest rates at record lows. While helping US stocks rise, the greenback has suffered a minor downturn.

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[forexyard]

Forex daily analysis - Non-Farm Payrolls Week Begins

After a week which was mostly characterized with the halt of the Dollar's bullish trend, a hefty news week is impending. Australia, Canada, Great Britain and the Euro-Zone will all publish their monthly Interest Rates desiccations. And on top of it all, the U.S. Non-Farm Payrolls is expected on Friday. This means that an extremely volatile week is expected that holds plenty of unique opportunities to make irregular profits.

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[forexyard]

Forex Analysis - Safe Heaven Currencies Continue to Rise on High Risk Aversion

The U.S. Dollar and Yen firmed against most major counterparts on Monday as investors trimmed stretched risk positions in higher-yielding currencies. The safe heaven currencies were bolstered by continuing investor concerns over mounting fiscal problems in Euro-zone countries and doubts over the pace of the worldwide economic recovery.

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[forexyard]

Forex Analysis - All Eyes on Dollar as 2009 Comes To an End

The USD fell Tuesday versus the EUR on comments from Greek officials regarding the government's commitment to make major budget cuts necessary to reduce the deficit. Pressuring the Dollar further were hawkish statements regarding interest rate hikes from the Canadian and Australian central banks.

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[forexyard]

Forex Analysis - Dollar Falls vs. EUR on Positive ISM Data

The U.S. dollar traded lower Wednesday as investors moved to higher-yielding currencies and riskier assets after U.S. data was better than expected. ISM service data showed the U.S. services sector grew in February at its fastest pace in more than 2 years, reducing the appeal of the greenback as a relatively safe investment.

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[forexyard]

Forex daily analysis - U.S. Non-Farm Payrolls Set to be Released Today!

The forex market is bracing itself for some heavy volatility as the U.S. Non-Farm Payrolls figure is set to be released today. The monthly report is one of the most significant market indicators and will heavily impact Dollar pairs.

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[Alban3]

Re: Forex Analysis - Federal Funds Rate Leading Event in Today's Market

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[Raleigh]

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

nvestment in the currency exchange is highly speculative and should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only. Accordingly we make no warranties or guarantees in respect of the content. The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person.

 

[forexyard]

Forex daily analysis - Market's Calmness Looks to End

After a week of relatively peaceful trading, much harsher volatility is expected for this week's trading. The main questions for this week are whether the U.S. economy will continue to provide positive data and whether the Greek debt crisis will reach a solution. An answer to each of these questions will have a significant impact on the market.

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

 

[forexyard]

Forex Analysis - Greece Debt Concerns Ease, EUR Currently Bullish

Some of the latest price movements in the EUR have reflected a growing sense of optimism in the Euro-Zone, given the mild easing of debt concerns in Greece. Switzerland also appears to be having a positive effect on the region with a recent report which showed retail sales climbing much higher than forecast last month. Investor confidence in the region also appears to have risen slightly better than was anticipated. Whether Europe can sustain this bullish momentum is yet to be seen, but so far the regional currencies appear to be holding their gains.

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[hetller]

Re: Forex Analysis - Federal Funds Rate Leading Event in Today's Market

Nice post, keep up the good work