With a chain of bearish trading sessions, the US Dollar has been bouncing the forex market up and down lately. With increased risk appetite and growing market optimism, market conditions are allowing traders to pull away from the safety of the USD. [caption id="attachment_1822" align="alignright" width="128" caption="USD Volatility Continues"][/caption]On the other hand, however, today's housing, manufacturing and employment data from Britain and the United States will provide enough market news to halt current trends and create short-term reve... ( read more )
Archive for August, 2009
Daily Forex Tips – August 5th 2009
Today may be one of the most important days for traders to get involved with the forex market! Quite a heavy news cycle is expected today, with data coming out mainly from the U.S and the U.K., so these are likely to be the most volatile currencies.[caption id="attachment_1818" align="alignright" width="128" caption="Daily Forex Tips"][/caption]
With global optimism continuing to rise on better than expected economic data releases, another bearish day is being expected for the Dollar and JPY as well.
12:15 GMT USD - ADP Non-Farm Employme... ( read more )
August 4, 2009 - The USD Touches 2009 Low!
The Dollar fell to its lowest levels this year on Monday after the Institute for Supply Management's index on U.S. manufacturing improved more than expected in July. Along with some better earnings reports from foreign banks, the data supported equity markets and spelled trouble for the U.S. currency because investors no longer desire its safe-haven status. [caption id="attachment_1814" align="alignright" width="128" caption="The Greenback Falls"][/caption]
The U.S. Dollar tumbled on Monday after the publication of far better than forecast I... ( read more )
Daily Forex Tips – August 4th 2009
The Dollar and Crude Poised For New Highs
Monday's trading saw the Dollar fall against nearly all of its major currency pairs. On the other hand, Crude Oil rose to its highest level since the beginning of July.[caption id="attachment_1809" align="alignright" width="293" caption="Daily Forex Tips"][/caption]
The Dollar slumped vs. the key currencies, including the GBP, EUR and Canadian Dollar yesterday. This was largely owed to the publication of optimistic U.S. manufacturing and construction data. Furthermore, the greenback was sold-off,... ( read more )
August 3, 2009 - High Volatility Expected A Head of Data Packed Calendar ...
The economic calendar is filled with high impact data this week that threatens to sow large volatility into the market. From the wide range of news reports, ForexYard advises its traders to pay special attention to the U.S Manufacturing PMI, Pending Home Sales, Non-Farm Employment Change and EUR Minimum Bid Rate reports. [caption id="attachment_1804" align="alignright" width="293" caption="High Volatility Expected this Week"][/caption]
Last week the Dollar saw mixed results against the major currencies. The USD underwent extremely volatile s... ( read more )