Forex Trading Education : Forex Trading Blog by FOREXYARD

Euro Rallies but Gains May Not Hold

Yesterday had traders buying risk as the European debt crisis took a backseat with equities and crude oil rallying. Those expecting a euro recovery will be following ECB President Trichet when he speaks following the ECB interest rate announcement. Some ...

Aussie Dollar up Sharply on Rate Increase

The day prior to the Fed’s announcement that it will begin buying assets thereby increasing the money supply, the US dollar is not surprisingly weaker. Performing well against the greenback have been the Euro and the Aussie dollar.

AUD/USD – Trading on News Events

For traders interested in a “news trading” strategy, here is your guide. Looking at the AUD/USD over the past month, I noticed something interesting: this pair has actually been fluctuating sharply, and almost exclusively due to news events.

Is there Light at the End of the Tunnel for the USD?

During today’s trading, USD/CAD briefly broke parity for the first time since April and the AUD/USD pair is nearing parity. The USD also declined to a record low versus the CHF today, as well as to a new 15 year ...

Dollar Weakness Continues

The dollar continues to fall as traders sell the dollar in light of the Fed’s recent comments that open the door for more quantitative easing. However, the euro is rising despite a selloff in equities.

AUD/USD Targets the 0.9400 Level

The AUD/USD pair continues its bullish trend with full steam. Recently, after peaking at the 0.9200 level, the pair saw a technical correction which took the pair as low as the 0.8775 level. However the pair promptly resumed the bullish ...

Aussie Interest Rates and U.S. Data to Start the Week Off

Today's trading is coming off of the long 4th of July weekend. Liquidity was sparse and trading ranges were tight yesterday. We can expect larger moves in the FX market today, particularly following some key events on the economic calendar.

Which Way the Aussie?

The Australian Dollar has been enjoying exceptional growth beginning from the early global recovery days, boosted by strong fundamentals which were supported by strong exports to China and as well as six interest rate hikes since October 2009.

EUR/USD Falls Following Chinese Decision

AUD/USD Seems On Its Way towards the 0.8570 Level

The AUD/USD pair seems about to break the trading range. The pair was range-trading between the 0.8700 and the 0.9400 levels for several weeks now, yet recently saw a sharp drop. The pair slid about 600 pips in 2 weeks, ...