Forexyard Analysis

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Forex Analysis - USD Declines on Renewed Confidence regarding the Global Economic Rec

The U.S Dollar declined against major counterparts Monday as risk appetite returned on renewed confidence about an impending global economic recovery. The renewed optimism fueled demand for the EUR as well as currencies from commodities-rich countries such as the AUD and NZD.

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Forex Analysis - Yen Strengthens on Chinese Bank Regulation

The US Dollar was little changed against the EUR but fell significantly against the yen during Tuesday's trading session after the People's Bank of China increased the amount of reserves Chinese banks must hold in order to slow the growth of credit.

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[forexyard]

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

The U.S Dollar remained lower against most major rivals on Thursday after the Federal Reserve's report on regional economic conditions said conditions were improving modestly. Traders said the focus was now turning to the U.S. reports on retail sales and weekly jobless claims for December, both due later in the session.

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Forex Analysis - Dollar Remains Low Amid Poor U.S. Economic News

The Dollar fell broadly on Thursday amid negative news reports that all but dashed hopes of an interest rate hike in the near future. Today, investors will be looking at two reports that could impact USD. The Core CPI report as well as a consumer sentiment report could give the Dollar a much needed boost in afternoon trading.

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[forexyard]

Forex Analysis - Dollar Bearishness Halts, Is a Bullish Reversal Impending?

After consistently dropping last week, the Dollar's downtrend appears to be halted. The Dollar is currently rising against the Euro, and considering Crude Oil's surprising drop, it seems that the Dollar has the potential to rise further. However, as a week packed with economic publications from the U.S. begins, it seems that the direction of the Dollar will be determined by the results of this data.

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

 

[forexyard]

Forex Analysis - GBP Still Gaining Against Majors

Following a report that U.S. based Kraft Foods Inc. may be merging with British incorporated Cadbury, the Pound saw major gains across the market spectrum. The Euro dropped to a four month low against Sterling, while GBP rose to its highest level in more then a month against the greenback.

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[forexyard]

Forex Analysis - Dollar Rises Broadly vs. Majors

The U.S. Dollar firmed against most major counterparts, with the gains especially strong against the EUR, amid continued worry about Greek debt and further signs that Germany's economic recovery may be losing momentum.

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[forexyard]

Forex Analysis - USD and JPY Continue to Rise as Stocks Decline

American and European stocks traded lower this week due to risk aversion among traders, and this has helped support the Dollar's resurgence. With a EUR-heavy news day ahead of us, the USD may take a back-seat during the morning hours. A slew of positive releases from the Euro-Zone could allow us to see a rebound in a few of the major pairs. On the other hand, if Europe's data falls short of expectations, traders should anticipate a continuation of the bullish run in the USD.

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

 

[forexyard]

Forex Analysis - Interest Rates Announcements from Japan and the U.S. Expected this W

The Dollar and the Yen, the two strongest currencies of last week's trading session, are likely to be shaken this week, as interest rates announcement from both the U.S. and Japan are expected. Any manipulation of rates by any of the two is likely to have a massive impact on the market. This could provide unique opportunities for high profits, and traders should use this extraordinary week in order to boost profits.

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

 

[forexyard]

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

The most important event of the trading day is likely going to be the Federal Open Market Committee's (FOMC) Federal Funds Rate statement at 19:15 GMT. With Fed Chairman Ben Bernanke's recent re-confirmation there is an opportunity for him to return some market optimism with a renewed mission statement with this rate statement. Hawkish statements may give a boost to the USD in the minutes after the release, and traders should pay especially close attention to any indication for a time-table regarding future rate hikes.

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

 

[forexyard]

Forex Analysis - EUR/USD Falls on European Fiscal Concerns

The U.S. dollar rose on Thursday to a 6-month high against the EUR as investors around the globe signaled approval of the Federal Reserve's more upbeat outlook for the U.S. economy. The U.S. currency continues to rally on persistent concerns over the fiscal health in some smaller Euro-Zone countries such as Greece and Portugal.

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[forexyard]

Forex Analysis - US Inflationary Figures may Push USD Bearish

The American economy is due to release a number of reports today which may have a moderately heavy impact on today's trading. The Personal Spending and Personal Income reports due at 13:30 GMT will carry a level of significance in today's market, but not nearly as much as the ISM Manufacturing PMI scheduled for 15:00 GMT. Forex traders won't want to miss out on these reports especially since many are forecasting a short-term downward correction for the USD in today's trading. These reports will either debunk or verify that notion.

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

 

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Forex Analysis - Dollar Anticipates Release of U.S. Pending Home Sales

The U.S. Pending Home Sales is the primary publication today that is set to determine the level of the USD when it is released at 15:00 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 Retail Sales and PPI from the Euro-Zone at 7:00GMT and 10:00 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

 

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Forex Analysis - Aussie Central Bank Shocks the Forex Market

Australia surprised economists by holding interest rates steady after the market unanimously predicted an interest rate hike. Also a chain of positive news has helped spot crude oil prices jump over 5.5% during the past two days.

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Forex Analysis - Dollar Gains Ahead of Non Farm Employment Data

The USD was higher against its major counterparts Wednesday, heading toward its highest levels versus the EUR since last summer, following the release of better than expected economic data from the U.S.

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Market Volatility Expected to Continue Today as Non-Farm Payrolls Awaits

Following an intense trading session, on which gold dropped below $1,060 an ounce, crude oil declined to $72.40 a barrel and the EUR/USD fell to the 1.3670 level, another exciting trading day is expected before the weekend begins. The U.S Non-Farm Payrolls is scheduled today at 13:30 GMT, and as always promises to create extraordinary volatility in the market.

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

 

[gfrost]

Re: Market Volatility Expected to Continue Today as Non-Farm Payrolls Awaits

I don't like making predictions as it always seem to make you look stupid but, I think that there seems to be so much anticipation of this number, that if Non Farms comes in anywhere around the concensus, we will see this market rally

 

[forexyard]

Forex Analysis - Euro-Zone Debt Concerns Weigh Heavily on EUR

Traders are expecting a slow news day, and as such may experience thin trading conditions and low liquidity. The few reports expected shouldn't cause too much of a stir, but with thin trading it may result in some decent price action. The EUR's uptick on Monday has many concerned that the 16-nation currency is now due for a downward correction, especially given the rapidly declining sentiment in the Euro-Zone caused by decisions made in Greece and Portugal concerning national debt and government spending, respectively.

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

 

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Forex Analysis -Market Awaits Bernanke's Testimony on Future Monetary Policy

The Dollar continued to drop against the Euro yesterday, mainly due to speculations regarding a possible rescue plan for Greece. As a result, crude oil and precious metal rose as well. However, today at 15:00 GMT Fed Chairman Bernanke is expected to deliver a speech, on which he will most likely refer to the Fed's intentions regarding U.S. monetary policy. Harsh volatility is expected to take place during his speech, and traders are advised to be prepared.

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[forexyard]

Forex Analysis - Euro Levels Out Against Major Rivals Ahead of EU Summit

The Euro made slight gains against its major counterparts in overnight trading today. Still, investors remain apprehensive about investing in the Euro, especially ahead of a key European Union meeting which could shed light on a possible bailout for Greece.

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