Gaza Conflict May Carry Less Impact than Previously Thought
Monday, January 5th, 2009 Posted in Crude Oil, Market Analysis | No Comments »Many analysts glimpse at the map of the Middle East and, rightfully, believe that the conflict in Gaza should carry little impact on the price of Crude Oil. This is because Israel is nowhere near the oil reserves or shipping ...
Oil’s Bearish Run
Monday, January 5th, 2009 Posted in Commodities, Crude Oil, Market Analysis | No Comments »The price of Crude Oil continues to fall despite the current conflict in the Middle East. On Monday, Crude Oil rose 12% as Israel attacked Hamas installations in the Gaza Strip over the weekend. However, since Monday, Oil has continued ...
New Week Promises New Forex Opportunities
Monday, January 5th, 2009 Posted in Currencies, Market Analysis | No Comments »The New Years Eve close of 1.3987 is a benchmark for the U.S. Dollar for this year as many people are wondering what the future of the currency is as the U.S. Interest Rates are at a historic low.
Slovakia Set to Join EUR
Monday, January 5th, 2009 Posted in Currencies, Market Analysis | No Comments »With mixed results against its currency rivals this morning, the EUR may in fact be positioned to lose ground this week. With depreciation against the USD, JPY, and CHF, this European currency may indeed be heading for a reversal to ...
Will this Week’s Employment Data Help the USD?
Sunday, January 4th, 2009 Posted in Currencies, Market Analysis | No Comments »After a harsh couple of weeks, the U.S. Dollar now appears poised to regain some lost ground against its primary currency counterparts. The Dollar had risen to as high as 1.4660 versus the EUR just two weeks ago. Now it ...
Top Currency Pair of 2008
Wednesday, December 31st, 2008 Posted in Currencies, Market Analysis | No Comments »It is customary for our ForexYard analysts to come together around this time and discuss which currency pair was the most interesting to watch throughout the year. It was a tight race between the EUR/USD and the EUR/GBP this year ...
Can Obama’s Presidency Rescue the U.S. Economy?
Tuesday, December 30th, 2008 Posted in Market Analysis | No Comments »Barack Obama is set to take office as America's next president on January 20, 2009. Surrounding his inauguration in several weeks, there seems to be a large amount of optimism as he unveils his ambitions for America's future. This comes ...
Chinese Yuan vs. the USD
Tuesday, December 23rd, 2008 Posted in Asian Markets, Currencies, Market Analysis | No Comments »For the past decade, China has been the world's fastest-growing economy producing virtually everything from toys and clothing to the most advanced microelectronics. During the same period, China pegged its currency to the U.S. dollar, in an attempt to encourage ...
Canadian Dollar’s Bullishness Expected to Continue
Tuesday, December 23rd, 2008 Posted in Currencies, Market Analysis | No Comments »The prospect of the Canadian Dollar going bullish into 2009 is supported by a domestic economy that appears stronger than its peers. Earlier last week, the Canadian Dollar rose to 1.1800 versus the USD, its highest level since November 12, ...
China Cuts Interest Rates
Monday, December 22nd, 2008 Posted in Asian Markets, Currencies, Market Analysis | No Comments »China cut her Interest Rates for the 5th time in 3 months today. The Interest Rates of the world's fourth-largest economy now stand at 5.31%, a cut of 27 basis points.
Crude Oil Tumbles Below the $40 Psychological Barrier
Monday, December 22nd, 2008 Posted in Crude Oil, Market Analysis | No Comments »Oil prices slumped more than $4 by the end of last night's trading to close at $39.92 a barrel. The slide comes just after the Organization of the Petroleum Exporting Countries (OPEC) agreed to cut the supply of Oil by ...
Japan’s Economy May Shrink by 0.8% in 2009
Friday, December 19th, 2008 Posted in Asian Markets, Currencies, Market Analysis | No Comments »Japan's Economic and Fiscal Policy Minister Kaoru Yosano said that the county's economy may shrink by as much as 0.8% if economic woes continue at the current pace. According to Yosano, the only way to tackle the recession is by ...
The Power of the Euro
Friday, December 19th, 2008 Posted in Currencies, Market Analysis | No Comments »Starting less than two weeks ago, the Euro began a steady climb with the hopes of regaining its summer strength. With those hopes being close to realized one can't help but wonder where this sudden momentum came from.
Recession in Europe
Friday, December 19th, 2008 Posted in Currencies, Market Analysis | No Comments »Germany’s economy, Europe’s largest; fell into recession in the 3rd quarter after a global credit crunch and the EUR’s gain to a record against the EUR and USD stifled foreign demand. Gross Domestic Product (GDP) declined a seasonally adjusted 0.5% ...
U.S. Interest Rate Cuts Cause Volatility All Across the Board.
Friday, December 19th, 2008 Posted in Currencies, Market Analysis | No Comments »The Fed lowered rates by 0.75 points on Tuesday December 16th; one of the dramatic moves in a bid to jumpstart the faltering U.S. economy. With rates near zero, the Fed said it would employ "all available tools," echoing Japan's ...
Britain: Is There Any Way Out of Her Economic Woes?
Friday, December 19th, 2008 Posted in Currencies, Market Analysis | No Comments »There hasn't been one day without negative economic news coming out of Britain. This comes as things get from bad to worse for the world's fifth largest economy. The question now is is there any light at the end of ...
Will the Commodity Continue its Bullish Run?
Friday, December 19th, 2008 Posted in Commodities, Gold, Market Analysis | No Comments »The price of Gold has risen steadily over the past month, from as low as $710 an ounce in Mid-November to its current price of about $874 an ounce. The main underlying issue that has affected the price of Gold ...
Low Inflation could Trigger Deflation
Thursday, December 18th, 2008 Posted in Indicator Reports, Market Analysis | No Comments »Recently, the Department of Labor released the US Producer Price Index, showing that there was a steep drop of inflation during the month of October, as the indicator posted a 2.8% decline in prices; almost a full basis point below ...
Chinese Economy Latest to Be Hit by Global Economic Slump
Thursday, December 18th, 2008 Posted in Asian Markets, Market Analysis | No Comments »In recent years China's economy was able to grow rapidly as it exported cheap and attractive goods, which were possible through low labor costs. More recently however, the demand for Chinese exports has dropped as the United States, Japan, the ...
Crude Oil is Likely to Plunge below $30 a Barrel
Thursday, December 18th, 2008 Posted in Commodities, Crude Oil, Market Analysis | No Comments »There are two questions that people in the financial world continue to ask themselves these days. The 1st is how long the financial crisis will last? The 2nd is how much lower will the price of Crude Oil sink? Only ...
What is the Future of the Euro-Zone Currency?
Wednesday, December 17th, 2008 Posted in Currencies, FX Education, ForexYard, Market Analysis | No Comments »As the European currency begins its second decade, it starts to face a serious challenge as the global crisis hits Europe with full force and continues to spread beyond the Euro-Zone bloc. The Euro currency was first introduced in January ...
Gold’s Recent Run
Wednesday, December 17th, 2008 Posted in Gold, Market Analysis | No Comments »Over the past month the price of Gold has risen steadily, from as low as $710 an ounce in Mid-November to its current price of about $874. The main issue that has affected the price of Gold is the same ...
Has the U.S. Economy Hit Bottom?
Friday, December 12th, 2008 Posted in Market Analysis | 1 Comment »A key indicator released on Thursday could signal that the U.S. economy has found a bottom. The Department of Labor issued the number of U.S. workers who have filed new claims for unemployment benefits rose to 573,000 for the week ...
Will China’s Growth Curbing Be Derailed?
Thursday, December 11th, 2008 Posted in Asian Markets, Market Analysis | No Comments »Last year, Chinese economy grew by 11%, the fastest rate for more than a decade, however, prices are rising too, and there are fears that dissatisfaction about the high cost of staple foods such as pork and rice could derail ...
Crude Oil is Likely to Plunge below $30 a Barrel
Thursday, December 11th, 2008 Posted in Asian Markets, Crude Oil, Market Analysis | No Comments »There are two questions that people in the financial world continue to ask themselves these days. The 1st is how long the financial crisis will last? The 2nd is how much lower will the price of Crude Oil sink? Only ...
November 2008 U.S. Trade Balance Report
Thursday, December 11th, 2008 Posted in Indicator Reports, Market Analysis | No Comments »The U.S. Trade Balance is the difference between the amount of goods and services exported versus the amount imported into and out of the United States. A positive number in this report indicates that there is a trade surplus, meaning ...
Dollar Expected to Trade in Low Volume Until After the New Year
Thursday, December 11th, 2008 Posted in Currencies, Market Analysis | No Comments »Many traders are currently wondering why the U.S. Dollar is weakening, despite the Christmas shopping season being in full-swing. The reason is that holidays tend to pull investors away from one market and into another. In this case, investors move ...
US Auto Bailout: Pros and Cons
Tuesday, December 9th, 2008 Posted in Market Analysis | No Comments »As Congress comes closer to finalizing a bailout for the American auto industry, one can't help but wonder what the ups and downs of such a bailout include. While I can't possibly detail every aspect of this bailout, especially considering ...
Will Britain Abandon the Pound?
Monday, December 8th, 2008 Posted in Currencies, Market Analysis | No Comments »The British economy continues to falter as the global recession continues to deepen. As the weeks go by, more and more negative economic data is published from the British economy. In recent years, Britain has been known for her strong ...
The U.S. Banking System Faces a Serious Crisis
Wednesday, December 3rd, 2008 Posted in Currencies, Market Analysis | 1 Comment »It becomes more and more clear that the United States is now facing one of its greatest economic challenges yet. In addition to the housing market crisis, the credit card crisis, and with U.S. automakers reporting billions in losses every ...
Mid-Year High Energy Prices Carry Long-Term Impact on Oil Prices
Wednesday, December 3rd, 2008 Posted in Crude Oil, Market Analysis | No Comments »Stating the high cost of Crude Oil in mid-July of this year would be beating a dead horse. This oft-repeated piece of data appears in almost any analysis of the energy market, yet almost always fails to connect why it's ...
Crude Oil Price Slump May Help Consumer Spending
Thursday, November 27th, 2008 Posted in Crude Oil, Market Analysis | No Comments »The recent financial and economic crisis has generated one of the largest price drops on record for Crude Oil. Climbing as high as $147 a barrel in July, the price of Crude Oil now sits near $50; an almost $100-a-barrel ...
Preparing For the Next Economic Crisis - Credit Cards
Tuesday, November 18th, 2008 Posted in Market Analysis | No Comments »While the United States is still struggling with the mortgage disaster, consumers should look ahead for another economic crisis: credit cards. At the end of last year, U.S. consumers owed more than $961 billion in credit card debt.
ForexYard Helps Explain Why the U.S. Dollar is so Strong
Tuesday, November 18th, 2008 Posted in Currencies, Market Analysis | No Comments »It has been about 4 months since the USD began appreciating with no apparent stops, and several of our traders are finding themselves a bit confused in light of these radical changes. Let's try to understand what the main reasons are ...
Britain Expects 3 Million Unemployed by 2010
Tuesday, November 18th, 2008 Posted in Currencies, Market Analysis | No Comments »Britain's economy is set to continue its downward spiral into mid-2010. Economists previously forecast that Britain's economy will recover by the third quarter of 2010. However, forecasts have been adjusted due to the worse than previously expected financial crisis that ...
November 2008 US Retail Sales
Thursday, November 13th, 2008 Posted in Indicator Reports, Market Analysis | No Comments »What is the U.S. Retail Sales Indicator? U.S. Retail Sales is a leading economic indicator used to measure the percentage change in the total value of sales at the retail level during the previous month. It is a leading indicator of ...
G20 Urges Free Trade: A Step in the Right Direction
Tuesday, November 11th, 2008 Posted in Market Analysis | No Comments »It creates a sigh of relief to see countries around the world taking steps to ensure liquidity and, more importantly, increase trade. One of the primary fears of many economists is that a major exporting nation, such as the United ...
Silver Slips by Unnoticed
Tuesday, November 11th, 2008 Posted in Commodities, Market Analysis, Silver | No Comments »With all the excitement surrounding the financial crisis, silver has taken a back seat in the commodity-trader's consciousness. But quietly, behind the scenes, silver bullion is being increasingly accumulated by savvy investors around the world.
Bank of England Shocks Markets with Rate Cut
Tuesday, November 11th, 2008 Posted in Market Analysis | No Comments »Times look to be difficult for Britain. On Thursday, the Bank of England (BoE) made an extraordinary move, slashing their base lending rate by the largest amount since 1981.
Dollar Gains; Will it Hold?
Tuesday, November 11th, 2008 Posted in Currencies, Market Analysis | No Comments »Since the beginning of September, the Dollar has made hefty gains on the EUR, the Pound, and emerging market currencies. As the world's financial markets began to unravel, the Dollar started to head higher. Investors pulled money from emerging markets ...
October 2008 Non-Farm Employment Change Report
Thursday, November 6th, 2008 Posted in Indicator Reports, Market Analysis | No Comments »The U.S. Non-Farm Employment Change, also known as "Non-Farm Payrolls" (NFP) and the "Employment Report," is a monthly economic indicator used to measure the change in the number of employed people, excluding the farming industry. Each month the Current Employment Statistics ...
Nuevos Saltos en el Petróleo
Thursday, November 6th, 2008 Posted in Analisis en Español, Commodities, Crude Oil | 1 Comment »Los precios del petróleo influenciado por el panorama financiero actual, han registrado valores muy variables en las ultimas horas. Estos acontecimientos han sido provocados por factores tales como: el debilitamiento de la moneda estadounidense a través de recortes de las ...
A New Member to the EUR?
Thursday, November 6th, 2008 Posted in Currencies, Market Analysis | No Comments »The Euro may have a new addition soon. The Danish government is pushing for a public referendum to allow the country to join the European Monetary Union.
Aussie Dollar to Continue Rising
Thursday, November 6th, 2008 Posted in Currencies, Market Analysis | No Comments »Despite early reports that the AUD was preparing for a significant downward price spike, traders are beginning to see a reversal. With a larger than forecasted rate cut from 6.00% to 5.25% analysts were predicting a drop in value for ...
The Canadian Dollar in Today’s Market
Thursday, November 6th, 2008 Posted in Currencies, Market Analysis | No Comments »The Canadian dollar closed 2% higher against the U.S. Dollar on Monday as traders felt the currency's steep October slide left it at more attractive levels. The rise by the Canadian dollar came on the heels of an 11.6 % slide ...
The US Election vs. EU Talk of Reform
Tuesday, November 4th, 2008 Posted in Currencies, Market Analysis | No Comments »What effect do the elections in the United States have on the market compared to the impact of the decisions being made in Europe about covering the financial crisis and implementing reform across the European financial system? The answer: confidence, ...
El Desplome del JPY
Thursday, October 30th, 2008 Posted in Analisis en Español, Currencies | No Comments »Tras cuatro días marcados por el comportamiento alcista del JPY, descrito como la inversión mas rentable de la pasada semana superando en aproximadamente 700 puntos al USD, 1400 puntos y 1800 puntos al EUR y al GBP respectivamente, el ...
Gold is an Effective Hedge against Fluctuations in the US Dollar
Wednesday, October 29th, 2008 Posted in Commodities, Gold, Market Analysis | No Comments »The gold is a good investment to utilize, as it can be served as an insurance policy against a currency collapse. For that purpose, you need to invest a lot of it. Owning 30 or 40 coins is fine but ...
JPY on the Rise
Wednesday, October 29th, 2008 Posted in Currencies, Market Analysis | No Comments »Traders who specialize in the JPY are feeling pressure from The Group of Seven (G-7). The finance ministers from the G-7 met yesterday and openly declared their displeasure with the recent appreciation of the JPY over the past week. The ...
Federal Funds Rate Forecast Oct 2008
Tuesday, October 28th, 2008 Posted in Indicator Reports, Market Analysis | No Comments »What is the U.S. Federal Funds Rate? The U.S. Federal Funds Rate, or Interest Rates, is the rate at which banks lend balances held at the Federal Reserve to other banks overnight. This figure is released 8 times each year. It ...