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Research
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Forex - Technical research
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16
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Monday,
24 December 2007,
11:15 GMT
Forexyard Daily Forex research
by Forexyard Research
24/12/'07 - Will The Greenback Have A Happy New Year?
USD
Yesterday the US dollar continued its bullish movement against most of the major currencies. The dollar strengthened mainly against the EUR and the GBP especially after the ECB reported that inflation risks remain on the upside....
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Thursday,
20 December 2007,
15:29 GMT
Forexyard Daily Forex research
by Forexyard Research
20/12/'07 - US GDP & Unemployment Claims - On Tap.
USD
As 2007 draws to a close, the USD is making a nice comeback. Yesterday the greenback continued to gain ground against most of the majors. Even though the Fed estimates that the economic growth will be weak into next year, the USD was bought anyway as risk aversion continues to seep through the market...
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Tuesday,
18 December 2007,
13:51 GMT
Forexyard Daily Forex research
by Forexyard Research
18/12/'07 - US Housing Data On Tap.
EUR
The EUR lost ground today against some of the majors, particularly against the greenback as investors paired off year-end transactions. The EUR also weakened noticeably against the JPY as the recent widespread carry trade unwind was once again favored by traders...
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Monday,
17 December 2007,
14:37 GMT
Forexyard Daily Forex research
by Forexyard Research
17/12/'07 - Greenback Appreciates Ahead of Christmas.
The Euro found itself in a precarious position at week's end, as the dollar achieved significant growth, shattering the 1.45 support level. Euro-zone data regarding consumer prices and growth came back higher than initially expected and...
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Thursday,
13 December 2007,
16:40 GMT
Forexyard Daily Forex research
by Forexyard Research
13/12/'07 - US Retail Sales And PPI On Tap
USD
The USD fell vs. the EUR on Wednesday after the previous day's 0.25 point rate cut from the Federal Reserve disappointed investors hoping for more aggressive action to help the economy and credit markets. It actually looks as if the Fed delivered the bare minimum of what was possible. Some investors expected a....
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Wednesday,
12 December 2007,
16:36 GMT
Forexyard Daily Forex research
by Forexyard Research
12/12/'07 - US Trade Balance On Tap
JPY
The JPY came out firing on the back of yesterday's U.S Interest Rate announcement which caused carry trades to collapse, thereby driving a carry trade unwind. The JPY gained all across the board, particularly against the high-yielders, which is a reflection of increased risk-aversion by investors as a result of a falling stock market. The JPY surged to...
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Tuesday,
11 December 2007,
11:17 GMT
Forexyard Daily Forex research
by Forexyard Research
11/12/'07 - US Interest Rate Statement On Tap
The USD depreciated against most major currencies on Monday for the 3rd consecutive session, ahead of today's widely expected FOMC Interest Rate Statement. Also, yesterdays' data on U.S. Pending Home Sales for November showed an unexpected gain and gave the greenback a modest boost....
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