U.S. Trade Balance Data to Set the Pace of the Dollar Today

by Forexyard.com | November 13, 2009 7:32 am
The Dollar rate today is set to be highly determined by the publication of the U.S. Trade Balance at 13:30 GMT. Other U.S. data will also play a pivotal role in the forex market today, such as...

Dollar Anticipates Release of U.S. Unemployment Claims

by Forexyard.com | November 12, 2009 6:56 am
The U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 13:30 GMT. The other main releases that are set to dominate forex trading,...

The Dollar Up Slightly but Still Vulnerable

by Forexyard.com | November 11, 2009 7:24 am
The U.S Dollar bounced off a 15-month low yesterday and the EUR dipped below $1.50 as investors paused to assess whether the global outlook justifies a recent rally in higher-yielding currencies and assets. The British Pound in...

Dollar to be the Driver of the Forex market Today

by Forexyard.com | November 10, 2009 7:21 am
The Dollar is expected to be the driver of the forex market today. This is following yesterday’s bearish session for the U.S. currency. Traders will be very mush focused on Federal Reserve Bank of Atlanta President and...

Gold Reaches $1,100 an Ounce!

by Forexyard.com | November 9, 2009 6:53 am
While the Dollar drops against the major currencies due to the disappointing U.S employment data from Friday, the strongest trend in the market appears to be the bullish gold. Gold continues to break new record highs on...

Forex Market Awaits Non-Farm Employment Change Figures

by Forexyard.com | November 6, 2009 7:49 am
Today, traders should pay close attention to the release of the U.S. Non-Farm Employment Change report. This indicator always produces extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the market...

Market Awaits BOE and ECB Statements

by Forexyard.com | November 5, 2009 9:28 am
The Bank of England’s (BOE) rate statement is due at 12:00 GMT while the European Central Bank (ECB) press conference is expected at 13:30 GMT. While both banks are expected to keep their interest rates at their...

Dollar Trades Higher as Fed Rate Announcement Awaited

by Forexyard.com | November 4, 2009 6:34 am
The Federal Reserve is expected to keep its benchmark Interest Rate unchanged near zero today, as traders get ready for a busy news cycle. Investors will focus on the interest rate outlook, but many analysts say the...

U.S. Factory Orders to Dominate USD Trading

by Forexyard.com | November 3, 2009 7:26 am
The USD is likely to move on the U.S. Factory Orders publication today at 15:00 GMT. The reason why this release is so important is due to Monday’s releases that showed the U.S. economy is on a...