Blogs - ForexYard RSS Feed

Scandinavian Countries Positioned for Currency Rebound

FXYard Ltd — Tue, 14 Jul 2009 07:28:00 EST

News in Sweden has recently added the possibility of a rise in consumer confidence as the Riksbank has extended its 50 billion SEK bailout program by an additional 6 months in order to ease lending throughout the country.

Returning Carry Trade? Unlikely

FXYard Ltd — Tue, 14 Jul 2009 07:27:00 EST

With perpetually low interest rates, carry trade plays a big part in Japan�s exchange rate. Carry trading is a strategy in which an investor sells a certain currency with a relatively low interest rate, typically the JPY and currently also the USD, and uses the funds to purchase another higher yielding currency.

US Retail Sales Report on Tap

FXYard Ltd — Tue, 14 Jul 2009 07:26:00 EST

On Tuesday the US Commerce Department will report retail sales for June, and traders are looking for a gain of 0.5%, matching the prior month�s result.

GBP/CAD Provides Bullish Signals

FXYard Ltd — Tue, 14 Jul 2009 07:23:00 EST

The technical indicators used are the Bollinger Bands, the Slow Stochastic and the Relative Strength Index (RSI). The Fibonacci Retracement Lines were used as well.

Crude Oil Prices Continue to Fall

FXYard Ltd — Mon, 13 Jul 2009 07:21:00 EST

After extremely bullish session last week, the Yen was little changed against other major currencies today, with traders looking to moves in risk assets like equities and oil to set the market�s direction.

CAD JPY on Course for Reversal

FXYard Ltd — Mon, 13 Jul 2009 07:18:00 EST

The technical indicators used are Slow Stochastic, RSI and MACD.

USD JPY Anticipating a Bullish Run

FXYard Ltd — Mon, 13 Jul 2009 07:14:00 EST

The technical indicators used are the Slow Stochastic and RSI.

Crude Oil and Yen Continue to Dominate the Market

FXYard Ltd — Fri, 10 Jul 2009 07:21:00 EST

After an extremely bearish session yesterday, the USD is rebounding. Currently the EUR/USD is reaching towards the 1.3900 level, and the GBP/USD is traded around the 1.6270 level.

EUR JPY Upward Correction Taking Place

FXYard Ltd — Thu, 09 Jul 2009 07:13:00 EST

The technical indicators used are the Slow Stochastic and RSI.

GBP Official Bank Rate

FXYard Ltd — Thu, 09 Jul 2009 07:12:00 EST

The most important news event which is set to lead to high market volatility this week is the GBP Minimum Bank Rate this Thursday at 11:00 GMT. The result is crucial as it will determine the GBP, EUR, and USD currency crosses going into end of week trading.

Crude Falls for the 6th Day on Modest Demand Forecasts

FXYard Ltd — Thu, 09 Jul 2009 07:11:00 EST

Crude Oil prices extended their losing streak Wednesday, briefly falling below $63 a barrel, after doubts grew about the strength of the global economy.

G8 Summit to Dominate Forex Trading!

FXYard Ltd — Thu, 09 Jul 2009 07:10:00 EST

The 3 day G8 Summit, which is in its 2nd day today in L�Aquila, Italy is set to dominate forex trading going into next week. Despite other important events and economic releases that have occurred in the past week.

Weak Unemployment Data may Exacerbate AUD�s Recent Decline

FXYard Ltd — Wed, 08 Jul 2009 07:30:00 EST

The Australian Dollar continues to feel the aftermath from the release of disappointing U.S employment data last week, maintaining its decline against the USD and JPY.

G8 Summit Begins Today!

FXYard Ltd — Wed, 08 Jul 2009 07:29:00 EST

The focus is on the G-8 meeting today. Leaders from the Western economic powers and Russia meet in Italy on Wednesday and are joined the day after by leaders from China, India, Brazil and others to discuss global challenges.

Risk Aversion Pushed Scandinavian Currencies Down, but will it Last?

FXYard Ltd — Tue, 07 Jul 2009 07:25:00 EST

Following Thursday�s surprise announcement to cut Swedish interest rates to 0.25%, the SEK dropped moderately against the USD and EUR. The USD/SEK pair rose from 7.5440 to as high as 7.8733.

Risk Appetite Growing; EUR Pares Losses

FXYard Ltd — Tue, 07 Jul 2009 07:24:00 EST

After yesterday morning�s short boost to the USD and JPY, as well as Crude Oil�s tumble toward $63, we now see a return of risk appetite following the US�s manufacturing data release.

Market Openings to Drive Today�s Market

FXYard Ltd — Mon, 06 Jul 2009 07:46:00 EST

The forex market is flat as of this morning with relatively little news impacting the major currencies until later. When the UK, Euro-Zone, and US markets open at later today we will see much more volatility as many banks and traders have not been active in the market since Thursday.

Swiss Economic Outlook - CHF Forecast

FXYard Ltd — Mon, 06 Jul 2009 07:46:00 EST

Friday, Switzerland�s Federal Statistical Office said the consumer price index, or CPI, dropped 1% in June, defying economists� expectations for no growth.

Impending Bearishness for the USD/ZAR

FXYard Ltd — Fri, 03 Jul 2009 10:51:00 EST

Below are the hourly chart and 4-hour chart for the USD/ZAR

EUR Retail Sales on Tap

FXYard Ltd — Fri, 03 Jul 2009 10:50:00 EST

There is likely to be less volatility than usual in the market today with almost no market, as there is the U.S bank holiday. However, Europe appears to be releasing events that may indeed create a remarkable wave of volatility in the market.