EUR/USD – Consolidation for Breakout? The pair continues to range after strong moves a few days ago. A break above 1.4460 indicates another swing higher with a target of 1.4550. Beyond this is 1.4600 – a daily...
The Bank of England (BOE) and the European Central Bank (ECB) are set to release their policy statements regarding short-term interest rates at 11:00 and 11:45 GMT respectively today. These announcements always generate heavy market volatility and...
EUR/USD – Consolidation for Breakout? The pair is consolidating in a relatively tight range after strong moves over the last several days. The bias for the breakout is higher, with a break above 1.4450 indicating another swing...
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 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...
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...
EUR/USD After testing the 1.4000 level the pair made a surge to test the highs of the former range at 1.4300. A break above 1.4320 signals another swing higher. Initial resistance is at 1.4340 with targets beyond...
The USD is set to go extremely volatile today on the release of Advance GDP figures for the 2nd quarter from the U.S. economy at 12:30 GMT. The forecasted results are -1.4%, significantly better than the 1st...
EUR/USD The pair broke through support at 1.4120 and more support at 1.4060 but has managed to stay above the 1.4000 level. A break below 1.4000 will likely target 1.3920 followed by 1.3880.Resistance on the upside is...
The price of Crude Oil experienced a sharp decline in prices yesterday after a U.S. inventories report highlighted a sudden surge in energy supplies. While these reports may carry mixed messages about demand, supply, and growth expectations,...
