Forexyard Analysis

[forexyard]

U.S. Dollar Reaches its Highest in More than a Year

The U.S. dollar rose to its highest level Thursday, gaining on the EUR and the British pound, as currency traders' appetite for risk remained restrained because of rising worries about the long-term implications of Euro-Zone debt problems.

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

 

[forexyard]

EUR/USD Hits 4-Year Low!

Following several weeks in which the Dollar rallied vs. the Euro, the EUR/USD pair has finally breached every support level and dropped to a 4-year low. The trigger to this trend that took the pair 1,400 pips downward in no more than 1 month was of course the Greek debt crisis and its affects over the Euro-Zone. Could the Euro drop further?

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

 

[jimbo22]

Re: EUR/USD Hits 4-Year Low!

Following several weeks in which the Dollar rallied vs. the Euro, the EUR/USD pair has finally breached every support level and dropped to a 4-year low. The trigger to this trend that took the pair 1,400 pips downward in no more than 1 month was of course the Greek debt crisis and its affects over the Euro-Zone. Could the Euro drop further?

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

Hope not...Im in... for a bounce from major support at 1.2330...Oct 2008 low.

 

[forexyard]

Euro Gains on Speculation ECB May Support the Currency

The EUR rose more than 1% against the U.S dollar and Japanese yen on Wednesday, recouping a steep drop that had extended into the early hours. A fresh round of speculation about other policy actions, including the possibility European officials were preparing to intervene in currency markets to prop up the EUR, kept volatility high.

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

 

[pssonice]

u r not the man ! EURAUD is rising for several days now, EURUSD meantime too

.

 

[forexyard]

EUR Resurfaces, but Will it Stick this Time?

The EUR has reemerged these past couple of trading days. Few analysts were anticipating such a rapid bounce-back in the value of the EUR by this time last week. Now, however, it seems as if this rise has left some feeling uneasy. Upward corrections to such a sustained downward movement are to be expected, analysts have repeatedly stated, but there is still a concern that these sharp swings represent instability, and have a number of investors worried as a result.

 

[pssonice]

"Upward corrections to such a sustained downward movement are to be expected"

well said!

 

[forexyard]

Euro Drops as the Trading Week Begins

During the past week, the Euro managed to recover against most of the major currencies. However as this week began, concerns over an economic growth due to the Euro-Zone's debt crisis have weakened the Euro. Will the Euro face yet another bearish trend this week?

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

 

[forexyard]

Euro Tumbles Following Spanish Bank Takeover

The Euro fell broadly throughout the night following news that the Spanish government is planning to takeover a smaller savings bank due to a failed merger attempt. The EUR/USD, currently trading below the 1.2300 level, has fallen more than 100 pips since yesterday evening as one of the results.

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

 

[forexyard]

Shares and EUR Decline as Debt Concerns Hit Markets

U.S. stocks and EUR pared deep losses to end mostly flat on Tuesday as investors had second thoughts that a festering Euro-Zone banking crisis will spread worldwide and strangle a reviving economy.

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

 

[forexyard]

Can EUR Sustain Thursday's Rally?

The EUR rallied versus the USD yesterday as U.S equities surged and China denied reports it is contemplating a reduction in its European bond holdings. But can the EUR maintain its gains heading to next week?

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

 

[forexyard]

Will The Euro Drop Further Following Spain's Credit Downgrade?

After several days on which the Euro saw recovery signals, Fitch Ratings announced that it downgrades Spain's credit rating. The rating company explained that Spain's large debts were the catalysts for this decision. As a result the Euro promptly dropped on all fronts, and erased its profits. Could it drop further?

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

 

[forexyard]

Dollar Awaiting Release of U.S. Manufacturing PMI

Today's U.S. Manufacturing PMI data release is set to dominate trading between the Dollar and its major currency pairs. A number of other factors are also likely to impact the forex market today, such as the German Unemployment Change and Canadian Overnight Rate at 7:55 GMT and 13:00 GMT respectively. Traders may find good opportunities to enter the market following these vital announcements.

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

 

[forexyard]

Gold Continues to Rise on Concerns over Euro-Zone Instability and Chinese Growth

Continuing market uncertainty and Euro declines helped support Gold prices as investors turn to the metal as an alternative safe haven investment. Gold levels were further supported by positive economic data from the U.S on the one hand and manufacturing concerns from China on the other. Chinese growth concerns are adding to the uncertainty regarding the global economic recovery, pushing investors to the metal as an alternative investment.

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

 

[Aussie_Pride]

Re: Gold Continues to Rise on Concerns over Euro-Zone Instability and Chinese Growth

Continuing market uncertainty and Euro declines helped support Gold prices as investors turn to the metal as an alternative safe haven investment. Gold levels were further supported by positive economic data from the U.S on the one hand and manufacturing concerns from China on the other. Chinese growth concerns are adding to the uncertainty regarding the global economic recovery, pushing investors to the metal as an alternative investment.

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

Hi Forexyard,

I think that gold will eventually rise a lot as things are only going to get worse. Let us be very clear, although gold has gone up 5 times since the 1999 bottom at $250, it is nowhere near its peak. Adjusted for real inflation the 1980 gold peak in today’s prices corresponds to around $7,200 today. So gold could easily go up 6 times from the current price and still be within normal parameters.

My two cents on the outlook for gold!!

 

[forexyard]

Euro Reached Year Low against the British Pound

The EUR traded relatively flat yesterday against the U.S. Dollar, but it continued to trade low against the British Pound, the EUR/GBP pair is currently trading at 0.8365, after crossing below 0.8400, and reaching as low as 0.8279. Although the pair slightly recovered during NY trading hours it is still signaling that the bearish momentum is not over yet.

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

 

[forexyard]

Non-Farm Payrolls Could Further USD Bullishness

Ahead of the US Non-Farm Payroll data, expected at 12:30 GMT today, the Dollar seems to be trading on the upside. The forecast has put American employment into a healthy increase for the previous month, with a concurrent drop in the official unemployment rate alongside it. The NFP is expected to show an increase of over 500,000 jobs last month. Should the figure come in near what is expected, the USD will likely see a gratuitous increase given the risk averse climate currently in play.

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

 

[forexyard]

The Euro Sees 9-Year Low Vs. The Yen

Following the U.S. Non-Farm Payrolls publication on Friday, the Dollar and the Yen resumed their bullish trend. As a result, the Euro saw a 9-year low against the Yen, as the EUR/JPY pair dropped to the 108.06 level. This week's trading will continue to be influenced by the European debt crisis that doesn't provide signals of recovery. Can the Euro drop further?

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

 

[forexyard]

Euro Reverses Slight Gains Made Yesterday

After a receiving a slight boost following comments from Fed chairman Bernanke yesterday, the Euro largely reversed its gains in overnight trading versus the U.S. Dollar and Yen. Investors appear to be waiting on news from a meeting today at the European Central Bank as to whether more help will be provided to debt ridden Euro-zone countries.

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

 

[forexyard]

EUR/USD Spiked after Positive News in China and Europe

The EUR/USD pair kicked off during yesterday's trading session for a second consecutive day this week. Investors turned to buying the Euro after positive economic news in China. The pair received further support by Bernanke, who stated in his speech to act as needed to aid financial stability and economic growth, increasing the likelihood U.S. rates would remain at record lows even longer than previously anticipated.

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