Looking back at the Forex Market that was 2008
Wednesday, December 31st, 2008 Posted in Currencies | No Comments »2008 turned out to be a turbulent year that rocked the currency markets. A financial storm erupted in the 3rd quarter, and with it brought some changes and some similarities from years past. The Dollar showed once again that it ...
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 ...
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 ...
Why the Dollar Dropped
Friday, December 19th, 2008 Posted in Currencies, FX Education | No Comments »Now that the Dollar has come back down to earth from its run up during the beginning of the financial crisis, traders can begin to digest the situation that lays ahead for the EUR/USD. The pair had experienced high price ...
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.
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 Prices Float in Anticipation of OPEC Meeting
Friday, November 28th, 2008 Posted in Commodities, Crude Oil | 1 Comment »Analysts have been ramping up this weekend's meeting between the Organization of Petroleum Exporting Countries (OPEC) as there is a prediction that they will decide on a rather large production cut. Adding to this speculation was a recent statement made ...
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.
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 ...
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 ...
What is the Preliminary UoM Consumer Sentiment Report?
Friday, October 17th, 2008 Posted in FAQ, Indicator Reports | No Comments »The Preliminary UoM Consumer Sentiment Indicator is a survey of consumer confidence conducted by the University of Michigan. This is a telephone survey which gathers information on consumer expectations regarding the overall economy.
What is the Foreign Exchange Market?
Thursday, August 28th, 2008 Posted in FAQ, FX Education | No Comments »The Foreign Exchange market is one of the biggest financial markets in the world. It has a sizeable number of investors and the potential for fast and powerful gains. The arrival of the internet made Forex trading grow considerably popular, ...
Where are Client Funds Located?
Thursday, July 24th, 2008 Posted in FAQ, ForexYard | No Comments »ForexYard was first established in May of 2004 for the sole purpose of providing the world a better trading platform for foreign exchange trading. It has taken us a great deal of time setting up our operational and technological infrastructure ...
What is the Forex Market?
Monday, June 16th, 2008 Posted in FX Education | No Comments »Forex, FX, or Foreign Exchange, is the simultaneous exchange of one country’s currency for that of another.