Euro Levels Out Against Major Rivals Ahead of EU Summit

by Forexyard.com | February 11, 2010 8:02 am
The Euro made slight gains against its major counterparts in overnight trading today. Still, investors remain apprehensive about investing in the Euro, especially ahead of a key European Union meeting which could shed light on a possible...

Market Awaits Bernanke’s Testimony on Future Monetary Policy

by Forexyard.com | February 10, 2010 7:35 am
The Dollar continued to drop against the Euro yesterday, mainly due to speculations regarding a possible rescue plan for Greece. As a result, crude oil and precious metal rose as well. However, today at 15:00 GMT Fed...

Euro-Zone Debt Concerns Weigh Heavily on EUR

by Forexyard.com | February 9, 2010 7:24 am
Traders are expecting a slow news day, and as such may experience thin trading conditions and low liquidity. The few reports expected shouldn’t cause too much of a stir, but with thin trading it may result in...

Dollar Gains Ahead of Non Farm Employment Data

by Forexyard.com | February 4, 2010 7:16 am
The USD was higher against its major counterparts Wednesday, heading toward its highest levels versus the EUR since last summer, following the release of better than expected economic data from the U.S.

Aussie Central Bank Shocks the Forex Market

by Forexyard.com | February 3, 2010 6:39 am
Australia surprised economists by holding interest rates steady after the market unanimously predicted an interest rate hike. Also a chain of positive news has helped spot crude oil prices jump over 5.5% during the past two days.

Dollar Anticipates Release of U.S. Pending Home Sales

by Forexyard.com | February 2, 2010 7:23 am
The U.S. Pending Home Sales is the primary publication today that is set to determine the level of the USD when it is released at 15:00 GMT. The other main releases that are set to dominate forex...

US Inflationary Figures may Push USD Bearish

by Forexyard.com | February 1, 2010 7:49 am
The American economy is due to release a number of reports today which may have a moderately heavy impact on today’s trading. The Personal Spending and Personal Income reports due at 13:30 GMT will carry a level...

EUR/USD Falls on European Fiscal Concerns

by Forexyard.com | January 29, 2010 7:06 am
The U.S. dollar rose on Thursday to a 6-month high against the EUR as investors around the globe signaled approval of the Federal Reserve’s more upbeat outlook for the U.S. economy. The U.S. currency continues to rally...