2010.03.04 12:34:52
ForexYard

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.

Summary

USD - Dollar Pulls Back on Greek Cuts

EUR - The EUR at 2 Week High as Greece Debt Concern Ease

JPY - Yen Advances to 2 Month High vs. Dollar

OIL - Oil Trades above $80 on Economic Hopes

  Forex | daily market trend | analysis | news | fundamental | technical | positive | ism | data | dollar | fall | us | service | sector | grow | safe investment
Comments 0Hits: 26  

2010.03.03 10:12:18
ForexYard

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.

Summary

USD - USD Declines on Interest Rate Hike Outlook

EUR - EUR Rises on Expected Greek Budget Cuts

JPY - JPY at 11-Week High versus USD

Crude Oil - Crude Oil Struggles to Stay above $80 a Barrel

  Forex | daily market trend | analysis | news | fundamental | technical | euro | recovery | Greece | budget | Canadian | Australian | central | banks
Comments 0Hits: 21  

2010.03.02 09:09:05
ForexYard

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.

Summary

USD - Dollar Rises on Manufacturing Data

EUR - GBP/USD Hits 10-Month Low

JPY - Yen Gains on Return to Risk Aversion

Oil - Crude Oil Falls on Strong Dollar

  Forex | daily market trend | analysis | news | fundamental | technical | safe | heaven | currencies | high | risk | aversion | dollar | yet | fiscal | problems | manufacturing data
Comments 0Hits: 11  

2010.03.01 11:25:36
ForexYard

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.

Summary

USD - Dollar's Bullishness is halted

EUR - Interest Rates Announcement Expected on Wednesday

JPY - Yen Rises on All Fronts

Oil - Crude Oil is trading above $80 a Barrel

  Forex | daily market trend | analysis | news | fundamental | technical | non | farm | payrolls | bullish | trend | dollar | Australia | Canada | great Britain | euro zone | interest rate | volatile | opportunity | profits
Comments 0Hits: 16  

2010.02.24 11:13:38
ForexYard

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.

Summary

USD - Significant U.S. News Could Lead to USD Volatility

EUR - Negative European News Leads to Losses for Euro

JPY - Risk Aversion Leads to Yen Gains

Crude Oil - Crude Oil Inventories on Tap Today
  Forex | daily market trend | analysis | news | fundamental | technical | eur | Bernanke | testimony | gain | fed | chairman | ben Bernanke | us | congress | market | volatility

Comments 0Hits: 31  

2010.02.22 15:17:16
ForexYard

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.

Summary

USD - Dollar Advances on Positive U.S. Economic Data

EUR - Speculations of Rescue Plan for Greece Boosts the Euro

JPY - Yen Slides against the Majors

OIL - Oil is traded for over $80 a Barrel

  Forex | daily market trend | analysis | news | fundamental | technical | euro | recover | greek | rescue | plan | eur | USD
Comments 0Hits: 25  

2010.02.17 10:35:40
ForexYard

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.

Summary

USD - USD Drops on Renewed Risk Appetite

EUR - Waning Concerns over Greece's Debt Boost EUR

JPY - Yen Drops on Signs of Stronger Global Recovery

OIL - Crude Gains Close to 4%

  Forex | daily market trend | analysis | news | fundamental | technical | Greece | debit | concerns | decline | economic | data | risk appetite | global recovery
Comments 0Hits: 37  

2010.02.15 13:00:21
ForexYard

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.

Forex Highlights

USD - Investors Continue to Flock to Safe Haven USD

EUR - Lack of ECB Plan to Combat Deficits Hurts Euro

JPY - Yen Hurt by Fresh Chinese Regulations

Crude Oil - Crude Drops As a Result of Strong Dollar, Chinese Policy

  Forex | daily market trend | analysis | news | fundamental | technical | Greece | deficit | worry | European | central | bank | Greece aid | euro | ECB plan | Chinese regulations
Comments 0Hits: 42  

2010.02.08 09:59:00
ForexYard

The dollar climbed to an eight month high versus the EUR on Friday after the release of the U.S. jobs report. Credit concerns in Europe are weighing on the market as traders have moved out of riskier currencies and into the safety of the dollar and yen.

Summary

USD - Unemployment Rate Improves

 EUR - Sovereign Debt Fears Sinks the EUR

JPY - Sovereign Debt Fears Boost the Yen

Oil - Spot Crude Oil Prices Plummet

  Forex | daily market trend | analysis | news | fundamental | technical | dollar | non farm report | Europe | us job report | credit concerns | yen | euro
Comments 0Hits: 40  

2010.02.04 08:25:00
ForexYard

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.

Summary

USD - The USD Rallies on Better than Expected Economic Data

EUR - Credit Concerns Continue to Pressure the EUR

JPY - Yen Gains on Poor Data from Asia

Crude Oil - Crude Prices Decline on Weak Demand

  Forex | daily market trend | analysis | news | fundamental | technical | non farm | employment data | USD | expected | economic data | credit concerns | data from asia | weak demand | crude
Comments 0Hits: 45  

2010.02.03 11:56:11
ForexYard

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.

Summary

USD - Pending Home Sales Hurt the Dollar

EUR - Greek Debt Fears Subside

JPY - Australian Interest Rate Held Steady, Shocking the Market

Crude Oil - Crude Prices Jump on Positive USD Data

  Forex | daily market trend | analysis | news | fundamental | technical | Australian interest rate | aussie central bank | home sales | dollar | greek debt | crude price
Comments 0Hits: 44  

2010.02.01 09:52:40
ForexYard

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.

Summary

USD - Is the USD Expecting a Downturn Today?

EUR - EUR News Absent from Today's Trading

JPY - JPY Bullish from Pacific Growth and Risk Aversion

Crude Oil - Spot Crude Oil's Next Target $68 a Barrel?

  Forex | daily market trend | analysis | news | fundamental | technical | us inflationary figure | USD | bearish | downturn | risk aversion | pacific growth
Comments 0Hits: 41  

2010.01.28 12:53:40
ForexYard

Following signals from the U.S. Federal Reserve that American interest rates may be increased sooner then expected, the U.S. Dollar got a significant boost in trading last night and in the early morning today. Today, a full set of Dollar related news events will likely determine the direction the greenback goes for the rest of the week.

U.S Unemployment Claims will Determine Today's Trend

The U.S. Dollar awaits the publication of the Unemployment Claims at 13:30 GMT from U.S. The result is expected to be 451K, slightly better than the previous result of 482K. This economic news release is expected to be the key driver of forex trading, and trading of the USD's main crosses as the U.S market opens.

So far today, the EUR/USD cross is virtually unchanged at the 1.4005 level. The greenback is actually trading about 100 pips lower against the GBP, following a bearish movement for the GBP/USD in last week trading. Against the Japanese currency, the USD/JPY is currently trading at 90.20.

The other release today that is set to determine the levels for the USD and its most traded pairs are the Core Durable Goods Order at 13:30 and Treasury Sec Geithner Speech at 14:45 GMT. These are the main events for today, and are set to determine the strength of the main crosses. Therefore, it is advised that you open positions in the major pairs now.

Summary

USD - Interest Rate Rumors Boost Dollar

EUR - Euro Hits near Record Lows against Dollar

JPY - USD/JPY Rises Following FED Meeting

Crude Oil - Oil Increases Following American Inventories Report

  Forex | daily market trend | analysis | news | fundamental | technical | USD | interest rate | unemployment claims | trend
Comments 0Hits: 68  

2010.01.26 08:20:12
ForexYard

The Dollar experienced mix trading yesterday, climbing against the Yen but falling against the EUR with traders anticipating both Japanese and U.S. interest rate decisions and a bloc of economic data. The economic releases to come may be a positive for the USD.

Summary

USD - Existing Home Sales Fall Sharply

EUR - Risk Aversion is back

JPY - Market Anticipates Japanese Interest Rate Decision

Crude Oil - Spot Crude Oil Prices Rise with U.S. Stocks

  Forex | daily market trend | analysis | news | fundamental | technical | dollar | positive | us | interest rate | Japanese interest rate | risk aversion | home sales | fall
Comments 0Hits: 61  

2010.01.21 10:42:19
ForexYard

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.

Summary

USD - U.S. Dollar Trades Higher on Stock Market Declines

EUR - EUR Troubled by Stream of Negative Data

JPY - Japanese Yen Receives Boost from Risk Aversion

Crude Oil - Oil Inventories May Support a Price above $80 a Barrel

  Forex | daily market trend | analysis | news | fundamental | technical | USD | jpy | stock decline | euro negative data | risk aversion | oil $80
Comments 0Hits: 61  

2010.01.20 10:18:22
ForexYard

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.

Summary

USD - The Dollar Turns Positive after TIC Data

EUR - EUR/USD Hits 4 Month Low on German Sentiment

JPY - The Yen Strengthens vs. Majors

Crude Oil - Crude Rises as U.S. stocks Rally

  Forex | daily market trend | analysis | news | fundamental | technical | dollar | greek debt | germany | economy | recovery | TIC data | german sentiment
Comments 0Hits: 50  

2010.01.12 13:40:19
ForexYard

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.

Summary

USD - USD Declines on Rise in Optimism

EUR - EUR Rises as Demand for Riskier Currencies Grows

JPY - The Yen is higher against Major Counterparts

OIL - Crude Prices Decline on Prospects of Warmer Weather

  Forex | daily | market | trend | analysis | news | fundamental | technical | economic | recovery | USD
Comments 0Hits: 65  

2010.01.07 14:04:04
ForexYard

Today, traders should pay close attention to the release of the U.S. Unemployment Claims report. This indicator always produces extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the market following this vital announcement at 13:30 GMT.

Summary

USD - USD Down Following FOMC Meeting Minutes

EUR - EUR Rallies against Dollar and Yen

JPY - Yen Free Fall Continues

Crude oil - Crude oil Rises on Weak Dollar

  forex daily market | forex trend | forex analysis | forex news | daily forex analysis | fundamental analysis | technical analysis | USD | us unemployment claims | extreme volatility | vital economic announcement
Comments 0Hits: 106  

2010.01.06 08:19:31
ForexYard

Tuesday's much worse than expected Pending Homes Sales release boosted the U.S. Dollar and the Yen as investors returned to the safety of the greenback and the Japanese currency. Both the Yen and Dollar reverted back to gaining in times of negative economic data. A full news day today will likely prove quite volatile for the major pairs, particularly in light of yesterday's disappointing surprise.

Summary

USD - USD Regains Safe Heaven Status

EUR - EUR Pressured by Renewed Credit Concerns

JPY - JPY Benefits form Negative Economic Data

Crude Oil - Crude Gains for Ninth Consecutive Day

  forex daily market | forex trend | forex analysis | forex news | daily forex analysis | fundamental analysis | technical analysis | USD | yen | dollar | credit concern | negative economic data | crude oil
Comments 0Hits: 63  

2009.12.29 09:53:52
ForexYard

With a slow trading day expected today, investors will likely keep there eyes on the U.S. Dollar and whether it can maintain its recent upswing going into the New Year. Set to be released later today, the U.S. Consumer Confidence report should give traders a good idea about the general direction of the greenback as 2009 draws to a close.

Summary

USD - Consumer Confidence Report Likely to Impact Greenback

EUR - Euro Slips against Major Currencies

JPY - Yen Sinks against Dollar

Crude Oil - Oil Prices Up Ahead of New Year

  forex daily market | forex trend | forex analysis | forex news | daily forex analysis | fundamental analysis | technical analysis | USD | end 2009 | upswing new year | us consumer confidence | consumer confidence | news release
Comments 0Hits: 122  

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