Monday,
30 August 2010,
13:45 GMT
Forexyard Daily Forex research
by Forexyard Research
NFP Week Gives Prospects for Trend Reversals in Forex Market
This week may provide the decision point for the USD. With Non-Farm Payrolls due this Friday, the uncertainty surrounding the American recovery will undoubtedly be made clearer. Today's report on US personal spending at 12:30 GMT may provide a glimpse into other growth prospects before this week's more important data releases get published.
Economic News
USD - USD's Rise Slowing Prior to NFP Week
The rising value of the US dollar over the past week has begun to meet resistance against a number of currency pairs. The EUR/USD fell as low as 1.2600 on Friday, before returning to trade near 1.2745 in today's early morning hours. The GBP/USD also hit as low as 1.
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Friday,
27 August 2010,
09:45 GMT
Forexyard Daily Forex research
by Forexyard Research
Bernanke Speech to Impact Dollar
The US Prelim GDP, to be released at 12:30 GMT, is the primary
publication today that is set to determine the level of the US dollar.
The other main release that are is to dominate forex
trading, especially for currencies, is the publication of the British
Revised GDP at 8:30 GMT. Traders are also advised to follow Fed Chairman
Bernanke's speech at 14:00 GMT. This speech is very likely carry a
higher than usual impact on Dollar volatility.
Economic News
USD - Dollar Falls on Increased Risk Appetite
The US dollar fell against most of its major currencies on Thursday,
as gains in stocks and commodities prompted investors to wade into
riskier currency trades. By yesterday's close, the USD fell against the
CHF, pushing the oft-traded currency pair to 1.
Read more >
Thursday,
26 August 2010,
10:49 GMT
Forexyard Daily Forex research
by Forexyard Research
Yen Reaches 15-Year Low
Volatility was high today as the Japanese yen fell to its lowest level
in the past 15 years. This has taken place as traders test the resolve
of the Japanese government not to intervene in the currency markets to
prevent a consistent rise in the value of the yen.
Economic News
USD - Dollar Trades Sideways
The US dollar was mixed today versus the majors, rising against the
yen but falling versus the British pound and the Swiss franc. Traders
are anticipating market intervention from both the Japanese and the
Swiss central banks following the sharp appreciation of the yen and the
franc.
The EUR/USD traded near its opening price of 1.2655. The
GBP/USD was higher at 1.
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Wednesday,
25 August 2010,
09:01 GMT
Forexyard Daily Forex research
by Forexyard Research
Ireland Downgrade Shakes Forex Markets
A downgrade of Ireland's sovereign debt rating late Tuesday further roiled foreign exchange markets already agitated by dismal U.S. housing sales. The Standard & Poor's Ratings Services downgraded Ireland's credit rating late Tuesday on concerns about the cost of bailing out the country's ailing banks.
Economic News
USD - U.S Dollar Extends Losses
The U.S currency extended declines versus the Japanese yen on Tuesday
after a report showed sales of previously owned U.S. homes dropped more
steeply than expected in July. The dollar also lost ground against the
euro, with the single currency erasing earlier losses versus the
greenback after the report.
Fears the U.S. and global economic
recovery could falter have contributed to safe-haven flows into the yen,
the U.
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Tuesday,
24 August 2010,
06:42 GMT
Forexyard Daily Forex research
by Forexyard Research
Dollar and Yen Rising on Market Uncertainty and Slowing Growth
A consensus seems to be forming that risk aversion is returning to the
market. Despite the sporadic release of positive data in various parts
of the world, the overall trend appears to indicate a slow-down in
recovery and growth. This has led to an increase in fears about the
potential for a speedy recovery, which in turn has fueled the mass
flight away from riskier assets and into the safety of the US dollar and
Japanese yen.
Economic News
USD - US Dollar Making Strong Gains on Flight from Risk
The US dollar has been on the upside for the past several trading
days. Against its primary rivals, the greenback has made modest growth.
The EUR/USD pair has slid from its recent high of 1.
Read more >
Tuesday,
24 August 2010,
04:36 GMT
AceTrader
by AceTrader Research Team
Support, Resistance and Range Forecast by AceTrader
INTRA-DAY USD/JPY:
Last Update At 24 Aug 2010 04:17 GMT
Range Forecast
84.95 / 85.20
Resistance/Support
R: 85.19 / 85.42 / 85.64
S: 84.89 / 84.72 / 84.50
Read more >
Monday,
23 August 2010,
12:54 GMT
Forexyard Daily Forex research
by Forexyard Research
Dollar and Yen Strengthen As a New Trading Week Begins
After four days in which the euro and British pound had dominated the
market, the trend markedly reversed by last Thursday. Several negative
economic reports from the U.S. have added to concerns regarding the
global economic recovery, boosting risk aversion. Both the U.S. dollar
and yen saw gains as a result. Will the dollar and the yen continue to
strengthen this week as well?
Economic News
USD - Dollar Finishes Volatile Week with Green Signals
The U.S. dollar finished a rather volatile trading week with modest
gains against most of the major currencies. The dollar began last week's
trading down about 150 pips against the euro, but eventually closed the
session with a 70 pip gain.
Read more >
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