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FOREXYARD recognizes the inherent value of up-to-date and relevant information; therefore we employ experienced analysts to provide you with accurate research and analysis, updated on a daily basis. Our analysis reports, which you will receive via e-mail every morning on market days, are featured on a number of influential websites and forums, including the International Business Times, ForexStreet and ForexTv.

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FOREXYARD News Center
USD Trading to be Determined by CB Consumer Confidence Report
Today, USD trading is set to be determined by the release of the CB Consumer Confidence report from the U.S. at 14:00 GMT. The figure is expected to be 48.1, better than the previous figure of 46.6. This release is a leading indicator of consumer spending, which is a crucial indicator for the health of the U.S. economy. Positive figures are likely to lead to increased risk appetite, and a further weakening of the Dollar.

So far today, the USD is trading lower vs. the EUR by 26 pips at the 1.4326 level. The GBP/USD pair continues its trend of bearishness, as the British economy is still in dire straits. Against the JPY, the USD is virtually unchanged at the 94.06 level. This behavior may be due to some indecision amongst investors as to the desired outcome of this pair today. Additionally, today's crucial consumer confidence release from the U.S. today will determine this pair's outcome for today and the rest of the week.

In the meantime, you should look to open big positions in the USD's major crosses, such as the GBP, EUR, AUD and JPY. It is also recommended that you follow the release of the HPI (House Price Index) publication at 14:00 GMT. This is more likely to set the rate for the strength of the U.S. Dollar over the course of this week, as many forex traders continue to trade on the health of the U.S. housing market.[indent]

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Dollar Strengthens on Optimistic U.S. Data
Wednesday, 26 Aug 2009 12:57:13 GMT

The Dollar rose on the release of crucial data from the U.S., which showed Core Durable Goods Orders rose 0.8% and Durable Goods Orders rose 4.9%. These figures are proof that the U.S. economy is continuing to improve and rise out of the current recession. The USD was slightly bullish prior to this release. However, the data helped push the greenback even higher. In addition, German Business Confidence figures released earlier today helped push-up the USD in early trading.

Crude Oil Plummets on Profit Taking
Wednesday, 26 Aug 2009 05:46:17 GMT

Later afternoon trading saw the price of Crude Oil take a nose dive as traders took profit. The price of Oil stalled at the $75 resistance level and fell significantly following the failed breach. Today traders will be tracking the release of the U.S. Crude Oil Inventories data along with the New Home Sales numbers for today's market direction.

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Dollar Foresees a Bearish Trading Session
Thursday, 27 Aug 2009 18:51:49 GMT

Since the opening of the U.S. market the Dollar has declined against most of its currency pairs. This was initiated by the publication of mixed results for U.S. economic indicators. For example positive Prelim GDP and negative Unemployment Claims data from the U.S. led to uncertainty in the forex market, as these figures showed mixed signs of recovery for the American economy.

Dollar Drops against the EUR on Poor Employment Dataa
Thursday, 27 Aug 2009 14:01:30 GMT

The Dollar weakened against most of the major currencies during today's trading. The EUR/USD rose from 1.4220 to 1.4280. However, the Dollar continued its bullish trend against the Pound and the GBP/USD is currently traded around the 1.6190 level.

Dollar Benefits on U.S. Economic Data; Today Traders Focus on the U.S Unemployment Claims
Thursday, 27 Aug 2009 07:05:25 GMT

The U.S dollar gained ground Wednesday against the EUR and the British pound, after strong data on orders for new U.S.-made durable goods and new home sales comforted expectations of an improvement in the economy. The greenback traded higher after the durable-goods orders report said orders for July rose by 4.9%, the largest increase in 2 years. Investors will be watching for the new U.S. jobs report today before making significant move

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CAD Selloff Takes Place before US-Canada Market Open
Monday, 31 Aug 2009 12:13:14 GMT

The opening of the forex trading week has had some distinct impacts on a number of currencies. The USD has experienced a steady uptrend versus a number of its primary currency rivals, particularly the EUR and CAD. The results of Japan's recent elections, where the rival Democratic Party won power for the first time in decades, has the JPY in a sustained bullish channel against all of its rivals. However, JPY optimism came to a screeching halt this morning as Japanese unemployment and lowered exports put a damper on the election results.
Forex Traders Anticipate Heavy News Week
Monday, 31 Aug 2009 10:23:24 GMT

The dollar was slightly more volatile over the past week than usual, and the explanations for this have been getting trickier by the day. As for this week, forex traders are advised to take positions on trades, as a string of data releases coming out of U.S., Europe and Japan are likely to affect the greenback's main currency crosses.
USD Rebounds Sharply before Closing out the Week
Friday, 28 Aug 2009 20:37:07 GMT

With the constant shifting taking place among investors, the USD has taken many for a ride these past 24 hours. Thin trading and increased risk appetite drove the Dollar lower against all of its counterparts at the start of today's trading. However, those same market conditions, combined with end-of-month repositioning, have led to a sudden rebound in the greenback at the close of the trading week.

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USD Soars Following Release of Crucial U.S. Data
Tuesday, 1 Sep 2009 16:39:07 GMT
The USD soared today against a basket of major currencies. The bullish trend began prior to the publications. However, the better-than-expected ISM Manufacturing PMI and Pending Home Sales data helped accelerate the Dollar's strength since 14:00 GMT. The USD also rose on higher risk aversion, as the U.S. equity market tumbled, led by financial shares. Therefore, today the USD was the alternative investment from equities, commodities, and other major currencies.
US Dollar Kicks-Off September with Bullishness
Tuesday, 1 Sep 2009 11:25:48 GMT
The start of every month usually witnesses a surge in economic news for the majority of countries world-wide. Today was no different. The Pacific countries of Australia and Japan have been presenting a wave of data for the end of August and the start of September. The Reserve Bank of Australia (RBA) announced its decision to hold rates steady, while the election of Japan's new Democratic government has sent a wave of optimism over the JPY.
USD Trades Lower on Market Optimism
Tuesday, 1 Sep 2009 07:14:28 GMT
There were more signs that the U.S. economy was improving, as a string of positive data was released yesterday from the U.S. the most significant was the Chicago PMI, which printed higher-than- expected figures in the month of August. This indicator is a primary gauge of manufacturing sector, acting as the main driver of the U.S. economy. On top of this good news, a rise in demand for U.S. goods from abroad is also likely to help boost the U.S. economy in the coming months.
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Dollar Awaits ADP Non-Farm Employment Change Figures
Wednesday, 2 Sep 2009 09:39:54 GMT
The U.S. Dollar awaits the publication of the ADP Non-Farm Employment Change figures at 12:15 GMT from the U.S. The release is a key indicator of consumer spending, as it primarily measures job creation. The result is expected to be -250,000, slightly better than previous result of -371,000. This economic news release is expected to be the key driver of forex trading, and trading of the USD's main crosses as the U.S. market opens.
The USD Benefits as Wall Street Slides
Wednesday, 2 Sep 2009 07:28:59 GMT
The greenback firmed on Tuesday as share prices fell, prompting investors to shed perceived riskier currencies. Despite better than expected numbers from the Institute for Supply Management, shares on Wall Street showed only muted enthusiasm to the data and quickly lost ground, lifting the U.S dollar, which has tended to be used as a safe haven against losses in equities. Ahead of the U.S. jobs data later today, traders said players were anxious about any negative surprises. As the market has become less sensitive to positive surprises from the U.S economic data, the effect of any weak figures would be bigger than the effect of any positive numbers.
USD Soars Following Release of Crucial U.S. Data
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The Dollar is on Defensive, EUR Gains after G20 Meeting
Monday, 7 Sep 2009 12:24:53 GMT
It appears that the first week of September held a few surprises for many forex traders. US Non-Farm Payrolls came out slightly better-than-expected, but the Dollar took a dive in last Friday's final trading hours. Today, banks in the US and Canada are on holiday, celebrating Labor Day, which means market liquidity will be low. This environment usually helps current trends maintain themselves, which highlights the notion of a sustained downtrend for the Dollar.
Dollar Expects Low Volatility Today
Monday, 7 Sep 2009 06:58:47 GMT
Today is a quiet news day for the U.S. and Canada, as there are no economic data releases on the calendar today. However, Britain and Euro-zone appear to be releasing the bulk of today's news, which means we may see a day of trading with low liquidity and therefore increased volatility. Day-traders can take advantage of these intense trading days by swinging within the larger-than-normal price fluctuations.
Employment Numbers Disappoint, Boosting the EUR
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Forex Traders Flip-Flop between Risk Appetite and Aversion
Monday, 7 Sep 2009 20:15:15 GMT
The back and forth fluctuation between risk appetite and safe-haven flight continues unabated this week with analysts now expecting an appreciation of the USD in the short- to mid-term. Following the sharp drop in value at the end of trading last Friday, the greenback is anticipating mild bullishness throughout the week as outlook has worsened almost overnight.
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Dollar Plummets to 11-Month Low against the EUR
Tuesday, 8 Sep 2009 18:02:47 GMT
The U.S. Dollar plummeted to near a year low vs. the EUR, as global stocks rallied. As a result of the weak Dollar, Crude Oil rose dramatically. Also, Gold surpassed $1000, as traders seek a currency hedge from a weak USD and potential creeping inflation. The USD also fell against the other five most traded currencies.

The EUR/USD pair soared by nearly 200 pips to the 1.4520 level. The USD slipped by a staggering 170 pips vs. the GBP to 1.6519. Also adding to the GBP's gains was optimistic manufacturing data that was published from the British economy. What's more, as the world's leading economies improve, the greenback seems to weaken.

Looking ahead to late night trading, we can expect the GBP, EUR and JPY to continue to hold onto their gains against the USD. In fact, there is a possibility that the greenback will continue declining, due to a lack of confidence in the U.S. currency. Therefore, if you want to make some end-of-day profits now, open your USD positions as soon as possible.
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USD Down 3.7% against the EUR this Year
The Dollar Index traded near the weakest level in almost a year against the currencies of six major U.S. trading partners as record low borrowing costs encouraged investors to sell the greenback and buy higher-yielding assets. The index was at 77.002, after dropping yesterday as much as 0.7% to 76.803, the lowest level since Sept. 26, 2008.

The USD continues to suffer downward pressure as investors continue to anticipate that the global economy is emerging from recession, which makes them more willing to sell Dollars and invest in riskier currencies and commodities. At the same time, while the Fed's program helped pull the U.S out of the recession, it also pumped a lot of Dollars into the economy and with the continuous rise in the unemployment rate it is unlikely the Fed will raise interest rates any time soon.

Abundance of supply of USD, and a very low return on Dollar denominated assets due to the low interest rate, makes the greenback highly unappealing to investors; possibly replacing the JPY as the carry trade currency of choice.

The release of the Trade Balance and the Unemployment Claims figures is due to be released today at 12:30 GMT. With the unemployment numbers expected to show some improvement, a worse than expected result might help reverse some of the Dollar's recent losses.
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Crude Oil Drops Below $69 a Barrel
Before the trading week closes, crude oil saw a sharp decline, sliding from $72.80 to $68.80 a barrel. Crude oil failed to breach through the $72.90 level, which marked this week high, and the bullish trend rapidly reversed.

This week's trading session was largely impacted by the weak Dollar. The greenback saw its longest losing streak since March, as a better-than-expected result of the Preliminary University of Michigan (UoM) Consumer Sentiment report encouraged investors to sell the Dollar and buy higher yielding assets overseas. The Preliminary UoM Consumer Sentiment rose to 70.2 this month from 65.7 in August beating expectations for a 67.2 end result.

As for the following week, many impacting data is expected from the major economies. Traders are advised to focus their attention to the German Economic Sentiment, the U.S. Retail Sales indices, the U.S. Consumer Price Index (CPI) and the U.S. Unemployment Claims. It seems that a batch of positive data from the American economy might have the potential to reverse the current bearish trend.
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Dollar Down to Weakest Level of 2009
The U.S. Dollar fell versus the EUR but clung to small gains against other major rivals on Monday. This came as traders turned their focus to data coming this week and as the EUR and Yen hit technical levels that triggered some buying. The market focus now shifts to a slew of U.S. indicators to be released between Tuesday and Thursday that could determine whether the Dollar will continue to trade lower, or experience a pause.
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Dollar Falls from Daily Highs
During the New York trading hours, the Dollar reversed course, shedding most of its morning gains against the EUR, but still remained in the black against the Yen. The EUR/USD dropped as low as 1.4610 but later regained ground. The USD/JPY climbed to the 92.51 price level but failed to break the resistance line.
Dollar Falls from Daily Highs
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Dollar Declines on Global Economic Recovery
The USD has declined significantly today, as the global economy led by the U.S. continues to show positive signs of recovery. As a result, U.S. and European equities are trading higher. This equities rally was initiated by UBS and Goldman Sachs saying that better earnings will push stock prices higher. All this seems to have added to the downward trend of the USD today, as investors become more confident, and raise the stakes, which has led to higher risk taking today. Therefore, riskier currencies such as the GBP have gained ground. Also, volatile commodities, including Crude Oil and Silver have also made big gains today.
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EUR/USD Hits Yearly High of 1.48!
The EUR/USD climbed to a 1-year high today, spiking upwards towards the 1.48 price level. The EUR continues to be the leading beneficiary of recent market outlook with uncertainty surrounding Britain, Japan, and the United States. The Euro-Zone, while not making leaps and bounds in any one category, nevertheless remains bullish from the growing attitude towards risk.
Gold prices also fell below $1,000 an ounce for a short while, but no investors jumped into the sell trend and it came back up. Gold is currently trading near $1,015 an ounce. Silver experienced similar behavior, since its trends tend to mirror Gold's, and it now trades near the $17 price level.
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USD Up on Fed Statements; Oil Sinks on Demand Concerns
The US Federal Reserve yesterday upgraded its assessment of the U.S. economy, saying growth had returned after a deep recession. As expected, the Fed kept its target for its federal funds rate set at a range of zero to 0.25%. The previously weakened Dollar had been propping up commodity prices. Following the US Crude Oil Inventory report yesterday, oil prices dropped nearly 4% to below $68.50 a barrel. The Fed statement, which pushed the US Dollar up, only helped extend these decreases in oil prices.
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U.S Unemployment Claims Unexpectedly Drop
The USD remained higher against most of its major counterparts Thursday except the Japanese yen, continuing to prove that, for the time being, this is the solid currency that traders can rely on to provide them with steady profits. The EUR/USD stopped the upside move at good resistance level of 1.4830 and from then on it fell more than 180 points all the way down to 1.4650 level. Risk aversion continues to give the Dollar strength and that is likely to continue until we see signs of stabilization. Also, the USD saw gains against the GBP.
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The Dollar Rebounds Against the Yen; Higher versus EUR
The U.S. dollar rose against the EUR and a basket of currencies despite a rally in U.S. stocks. The Dollar moved as optimism about an economic recovery has prompted investors to scoop up higher-yielding assets. The USD gained for the 2nd day against the EUR as evidence economies have yet to shake off the worst effects of the global recession spurred demand for the safety of the U.S. currency.
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Crude Oil Jumps on Release of Inventories Data
The price of Oil jumped considerably on the release of the Crude Oil Inventories data at 14:30 GMT. The final results showed inventories rose by 2.8 million barrels of Crude. Since the release, the price of Crude has continued to rise as the black gold approaches $70 a barrel. As a result, the Dollar went lower against the EUR. This was despite the USD making some gains vs. the European currency in trading earlier on.
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Dollar Drops on Release of Non-Farm Employment Change
The dollar's instability continued today, as the greenback dropped against all the major currencies, after an anemic September jobs data fueled fears that the pace of a U.S. economic recovery would be slow. The USD fell against the EUR, pushing the oft-traded currency pair to 1.4610. The Dollar experienced similar behavior against the CHF and closed at 1.0345.
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EUR/USD Volatility Ripples across FX Market
As the first week of October kicked off last week, traders witnessed a number of volatile jumps in the worlds 2 primary currencies: the EUR and USD. Optimism appeared to be on the rise in America while Europe was giving off signals of a lagging economy. The USD had pared a moderate percentage of its previous losses until employment data in the US hampered those gains and sent the EUR flying high. As a result, every other currency in the forex market was impacted in a similar way since these currencies have the ability to influence world prices.
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USD Plummets as Recession Continues to Ease
The U.S. Dollar continued to plummet in Tuesday's trading, as the global recession continued to ease, with the leading economies, such as Canada, the U.S. and Australia continuing to show improving economies. The optimism in the markets was compounded earlier today when Australia unexpectedly raised Interest Rates to 3.25% from 3%. This raised optimism in both the equity market and the forex market. As a result, in some cases the USD went bearish, as traders ditched the greenback for riskier assets. Meanwhile, the GBP plummeted as British manufacturing slid to its lowest level in 17 years.
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Dollar Slides as Commodities Soar
The dollar weakened against most of its major currency pairs today, after strong Australian jobs data sent the Australian dollar sharply higher and an upbeat U.S. corporate earnings report fuelled investor demand for higher risk and yield at the expense of the greenback.

Gold rose towards $1,055 on Thursday as the dollar fell against the EUR and crude oil maintained its strength, although some resistance emerged around that level. Further gains could be on hold for the rest of the day, however, as investors await news that will provide clues to the state of the global economy.
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Positive U.S Data Weakens the Dollar vs. the EUR
The Dollar saw an extremely volatile session during last week's trading. The Dollar dropped against the Euro, a drop which sent the EUR/USD pair above the 1.48 level. On the other hand the Dollar also saw a rising trend against the Pound, and the GBP/USD pair dropped below the 1.5815 level.
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The Dollar Retreats as Commodities Hit New Highs
The U.S. Dollar fell against a basket of currencies to within sight of recent lows on Tuesday as Gold hit a new high and Oil prices strengthened. The USD and commodities are often inversely correlated, with Gold and Oil priced in dollars and seen as an alternative currency and hard asset themselves. Ahead of U.S. corporate earnings figures and speeches from Federal Reserve officials later in the day, currency investors continued to speculate about when the U.S. central bank will tighten its monetary policy, thus putting more pressure on the U.S currency.
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EUR Unable to Push above $1.50
he Dollar strengthened versus the EUR following a decline in stock markets, poor U.S economic data and an unexpectedly dour outlook from the Bank of Canada. Concerns about the strength of U.S. corporate earnings and the strength of the global economic recovery dampened demand for risky assets, halting hit the EUR's attempt to breach the $1.50 mark Tuesday.
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Dollar Tumbles as Investors Turn to Riskier Assets
Witnessing a steady decline during this week's trading sessions, the USD became weakened as traders unwound their Dollar-buy positions in exchange for riskier assets, such as stocks. The global stock rally seen yesterday may have been one of the leading causes in the Dollar's depreciation. With recent market optimism, traders may continue to see a small downward trend in the U.S. Dollar as its positions are unwound in exchange for higher yielding assets.
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U.S Consumer Confidence will Determine Today's Trend
The U.S. Dollar awaits the publication of the US Consumer Confidence report at 14:00 GMT. The result is expected to be 53.7, slightly higher than the previous result of 53.1. This economic news release is expected to be the key driver of forex trading, specifically the USD's main crosses, as the U.S market opens.
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Dollar Continues its Drop against the EUR
The dollar fell against most major currencies on Wednesday as dealers took profits on the currency's biggest rise in three weeks, with fresh data doing little to alter the view that U.S. interest rates will remain at record lows well into 2010. In addition, two reports showing slightly higher-than-expected U.S. inflation and a slide in new home construction helped cap EUR gains below $1.50.
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