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Gold Continues to Climb
Gold Continues to Climb
While all the major currencies continue to provide mix results, there is still one extremely strong in the market – the bullish Gold. During last night gold reached over$1,163 an ounce, making another all time high. However, a recovery of the Dollar, if indeed takes place, has the potential to put an end to Gold's uptrend.
Economic News
USD – Is the Dollar Recovering?
The Dollar corrected some of its losses against the Euro and the Pound during last week's trading session. The Dollar gained about 200 pips against the Euro, and gained almost 400 pips against the Pound…
23Nov2009 | ForexYard | 0 comments | ContinuedDollar, Yen Gain on Bleaker Economic Recovery Outlook
Dollar, Yen Gain on Bleaker Economic Recovery Outlook
The Dollar and Yen gained against the EUR and other higher yielding currencies Thursday on concerns about the sluggish pace of the world economic recovery. A Decline in equity and commodity prices pushed investors back into the USD and JPY as safe haven currencies.
Economic News
USD – USD Gains on Weak U.S Economic Data
The Dollar gained versus the EUR and other higher yielding currencies on Thursday following the release of weak U.S. economic data and a steep drop in global equities. The Dollar index rose to 75.3108 from 75.108 late Wednesday.…
20Nov2009 | ForexYard | 0 comments | ContinuedDollar Falls on Fed Official’s Rate Comments
Dollar Falls on Fed Official's Rate Comments
The EUR advanced on the U.S dollar Wednesday, but failed to reach the $1.50 mark as investors zeroed in on a Fed official's comment suggesting key interest rates could remain low until 2012. Federal Reserve officials were quoted saying that the Fed could keep short-term fed funds rates at near-zero until early 2012. The ultra-low rates weigh on the U.S dollar, as investors use the buck to fund investments in higher-yielding assets.
Economic News
USD – Dollar Retreats after 3 Week's Rally
The U.S dollar advanced against the EUR Thursday on speculation U.S. investors are…
19Nov2009 | ForexYard | 0 comments | ContinuedDollar, Yen Up on Increased Risk Aversion
Dollar, Yen Up on Increased Risk Aversion
Comments by Fed Chairman Ben Bernanke surprised many investors as he joined the rallying cry for a stronger Dollar, which may lead to strength for the USD in the days ahead. On the other hand, the USD still faces downward pressure from sudden spikes in risk appetite following positive news reports as its safe-haven status has not yet diminished. After last week's drop in consumer confidence, safe-havens like the USD and JPY have begun to regain some of their strength.
Economic News
USD – Bernanke Statements Diminish USD in Short-Term; Strength Ahead?
Following the USD's minor slide…
18Nov2009 | ForexYard | 0 comments | ContinuedGold Continues to Rise, Reaches $1,129 an Ounce!
Gold Continues to Rise, Reaches $1,129 an Ounce!
The strongest trend in the market appears to be the bullishness of gold. Gold continues to break new records on a daily basis, and with a week packed with publications from the U.S economy entering, the main question is, can gold reach higher?
Economic News
USD – Dollar Continues to Weaken Following Disappointing Data
The Dollar continued to weaken during last week's trading session. The Dollar extends its slow yet steady slide against the Euro, and the EUR/USD pair is reaching towards the 1.50 level again. The Dollar also depreciated against the Yen and…
16Nov2009 | ForexYard | 0 comments | ContinuedU.S. Trade Balance Data to Set the Pace of the Dollar Today
U.S. Trade Balance Data to Set the Pace of the Dollar Today
The Dollar rate today is set to be highly determined by the publication of the U.S. Trade Balance at 13:30 GMT. Other U.S. data will also play a pivotal role in the forex market today, such as the Import Prices at 13:30 GMT and the Prelim UoM Consumer Sentiment at 14:55 GMT. It's also recommended that you follow the EUR Flash GDP results at 10:00 GMT. All the data mentioned will help determine the outcome of the USD and EUR's man crosses later today.
Economic News
USD – Dollar Rises…
13Nov2009 | ForexYard | 0 comments | ContinuedDollar Anticipates Release of U.S. Unemployment Claims
Dollar Anticipates Release of U.S. Unemployment Claims
The U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 13:30 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 Industrial Production from the Euro-Zone at 10:00 GMT and Crude Oil Inventories at 16:00 GMT. Traders may find good opportunities to enter the market following these vital announcements.
Economic News
USD – Unemployment Claims Report on Tap – Will USD Weakness Continue?
The Dollar hit a…
12Nov2009 | ForexYard | 0 comments | ContinuedThe Dollar Up Slightly but Still Vulnerable
The Dollar Up Slightly but Still Vulnerable
The U.S Dollar bounced off a 15-month low yesterday and the EUR dipped below $1.50 as investors paused to assess whether the global outlook justifies a recent rally in higher-yielding currencies and assets. The British Pound in particular struggled on Tuesday after Fitch ratings agency told Reuters that Britain was the major economy most at risk of losing its top AAA credit rating.
Economic News
USD – Dollar Recovers modestly off 15-mth Lows
The U.S Dollar edged up on Tuesday, reversing some of its recent losses but staying close to a 15-month low against a currency…
11Nov2009 | ForexYard | 0 comments | ContinuedDollar to be the Driver of the Forex market Today
Dollar to be the Driver of the Forex market Today
The Dollar is expected to be the driver of the forex market today. This is following yesterday's bearish session for the U.S. currency. Traders will be very mush focused on Federal Reserve Bank of Atlanta President and key Federal Reserve FOMC (Federal Open Market Committee) member Dennis Lockart's speech at 14:15 GMT, and the IBD/TIPP Economic Optimism release at 15:00 GMT. It is encouraged that you traders open big positions in the USD now.
Economic News
USD – Dollar Falls on Higher Risk Appetite
The Dollar fell dramatically on Monday against a basket of…
10Nov2009 | ForexYard | 0 comments | ContinuedGold Reaches $1,100 an Ounce!
Gold Reaches $1,100 an Ounce!
While the Dollar drops against the major currencies due to the disappointing U.S employment data from Friday, the strongest trend in the market appears to be the bullish gold. Gold continues to break new record highs on a daily basis, and has now reached over $1,100 on ounce. Can it reach higher?
Economic News
USD – Dollar Slides on Negative Employment Data
The Dollar saw an extremely bearish session during last week's trading. The Dollar dropped around 200 pips against the Euro, and the EUR/USD pair rose to the 1.4900 level. The Dollar also dropped close to 300 pips…
9Nov2009 | ForexYard | 0 comments | Continued
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