Asian Market Forecast – Week of April 27th
April 27, 2009 12:32 am by Russell GlaserJPY This past week the Yen strengthened considerably against the Dollar, the Pound and the EUR. Driving the Yen's bullishness were lower U.S. equity markets, reports of a potential reduction in the sovereign credit rating of Britain, and stronger economic indicators ...
European Business Climate May Hurt the Euro
April 23, 2009 6:05 pm by Russell GlaserIncreasingly we are seeing negative sentiment concerning the current state and future prospects for the European economy. The Euro-Zone could encounter a much harsher recession than that of the U.S., one that would require a longer and more difficult recovery ...
Dollar Goes Volatile on U.S. Banking Worries
April 23, 2009 10:14 am by Dan EduardThe Dollar experienced a very volatile day of trading on Wednesday as a number of different factors helped determine the closing rate of the Dollar versus its main currency crosses. The main factor that helped determine the greenback's strength in ...
Pound Slumps as Financials Climb
April 23, 2009 10:14 am by Dan EduardThe Pound dropped as Britain and European Banks climbed in yesterday's trading session. The FTSE, DAX and CAC 40's gains were led by the top financial institutions. The most notable increases were held by the major British and European banks, ...
Yen Climbs against Majors
April 23, 2009 10:00 am by Dan EduardThe Yen rose against most of its major currency pairs in yesterday's trading, as the JPY's safe-haven status returns to the forefront. The Yen's gain against the Dollar in late trading is largely owed to fears that the stress tests ...
CAD Core Retail Sales Report – April 2009
April 22, 2009 4:41 pm by Russell GlaserYesterday, in a surprise move, the Bank of Canada (BoC) cut its benchmark lending rate 25 basis points to further ease the stifled credit markets of Canada. The bank also issued a statement saying it plans to leave the rate ...
British Claimant Count Change – April 2009
April 22, 2009 4:33 pm by Natalie R.The number of British workers seeking jobless benefits rose at a historic pace last month, government statisticians said Wednesday, adding to fears of a deep, prolonged recession. Analysts expected official data to show today that the number of people claiming ...
Economic Indicators to Watch this Week
April 22, 2009 4:21 pm by Yan PettersU.S. Unemployment Claims (April 23, 12:30 GMT) – Although this is a weekly indicator, it tends to have a great impact on the market as it concerns the U.S.'s most delicate issue at the moment: unemployment. Recent reports have shown ...
How to Trade Forex During News Events
April 21, 2009 7:09 pm by Greg HoldenLooking over the market today brought to my attention 2 significant events which, in my opinion, appear to have gone unnoticed by many of ForexYard's traders. Being a currency analyst in a forex trading company gives one the unique perspective ...
German ZEW Economic Sentiment Expectations
April 20, 2009 10:09 pm by Natalie R.German Economic Sentiment is a leading indicator of the country's economic health. This indicator reflects the difference between the share of analysts that are optimistic and the share of analysts that are pessimistic for the expected economic development in Germany ...
