Crude Oil Forecast – July 2009
June 29, 2009 6:44 am by Natalie R.Gold Gold prices ended slightly higher on Friday; marking their first weekly gain in 4 days as a weaker U.S. dollar and record low Interest Rates boost the metal's investment appeal. Analysts said that the precious metal has been trading modestly ...
Gold Prices Set to Decrease
June 26, 2009 6:27 pm by Anton Eljwizat• Below is the 4-hour chart for the Gold by ForexYard. • The indicators used are the MACD, Slow Stochastic and RSI.
Crude Oil Finding Low Support above $70
June 26, 2009 5:45 pm by Natalie R.After a rough start to the week, when Oil prices dropped below $67 a barrel, prices have steadily been recovering throughout the week, reaching back above $71 a barrel. However, the fundamentals supporting the rally appear to be weak as ...
U.S Revised UoM Consumer Sentiment on Tap
June 26, 2009 11:46 am by Anton EljwizatTrading will end this week as a slue of economic data due to be released today will provide ample opportunities for traders to enter the market on higher than normal volatility. U.S. Federal Reserve Chairman Ben Bernanke's speech at 18:00 ...
Bernanke Testimony Weakens USD
June 25, 2009 11:03 pm by Greg HoldenToday's market witnessed some excitement as the EUR/USD jumped around during the testimony of Federal Reserve Board chairman Ben Bernanke. The day started slow with little volatility, and even less economic news. The EUR/USD was trading near 1.3950 before dropping ...
FOMC’s Mild Statement Leaves Dollar Mixed
June 25, 2009 11:00 pm by Natalie R.The U.S. Federal Open Market Committee (FOMC) statement Wednesday was largely neutral, avoiding specific statements about a retreat strategy and focusing mainly on inflation concerns. As expected, the interest rate remained at 0.25%. The mild statement indicates that there is ...
Economic Outlook for New Zealand (GDP Forecast)
June 25, 2009 10:54 pm by Natalie R.New Zealand’s currency weakened yesterday after a government report showed the current-account deficit narrowed as imports slumped and the profits of foreign-owned companies declined amid the worst recession in more than 3 decades. The New Zealand Dollar (NZD) was last ...
Dollar Volatility Continues Today
June 25, 2009 10:30 am by Yan PettersToday the USD is going to be in the driver's seat of the forex market, whilst the EUR will take more of a backseat. Traders should pay close attention to the U.S. Unemployment Claims data and testimony from Federal Reserve ...
GBP CAD Reversal in the Making?
June 24, 2009 6:43 pm by Anton Eljwizat• The charts below are the 4-hour chart and daily chart for GBP/CAD by ForexYard • The technical indicators used are the Slow Stochastic and RSI
U.S Federal Funds Rate on Tap
June 24, 2009 2:49 pm by Anton EljwizatThe recent price levels over the past week have led many traders to believe that most currency pairs are beginning to level off. Investor speculation seems to increase prior to the main market events, as the most important challenge is ...
