The Market Is Bullish on the Dollar Throughout 2009
Thursday, January 8th, 2009 Posted in FX Education | No Comments »The USD extended its gains against the EUR before data that may show the jobless rate rose and retail sales declined in the countries sharing the currency. The dollar rose to $1.3569, the lowest level since December 15.
December 2008 U.S. Non-Farm Employment Change Report
Thursday, January 8th, 2009 Posted in Indicator Reports | 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.
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 ...
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, ...
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.
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 ...
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 ...
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 ...
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 ...
Crude Oil Expects to Dip below $50 a Barrel by End of November
Thursday, November 20th, 2008 Posted in Commodities, Crude Oil | 3 Comments »Oil is currently priced at just below $53 a barrel, down from its high of $147.27 in the middle of July. The price of Crude is set to continue its downward spiral. According to analysts, this is in response to ...
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 ...
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 ...
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 ...
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.
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, ...
FOREXYARD predicts that Crude Oil prices will hit $60 again before the end of November
Thursday, October 30th, 2008 Posted in Commodities, Crude Oil | No Comments »Heading into its second week below a near 1.5 year record low, Crude Oil prices seem to be showing signs of resilience. FOREXYARD analysts though aren't swayed by these events. With prices hovering near $65 per barrel, it is difficult ...
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 ...
What is the Beige Book?
Thursday, October 16th, 2008 Posted in Indicator Reports | No Comments »This report is more formally known as the "Summary of Commentary on Current Economic Conditions." It is a summary of anecdotal data compiled through surveys and interviews conducted by the 12 branches of the Federal Reserve Bank in each of ...
What is the “U.S. New Home Sales” Indicator?
Monday, September 22nd, 2008 Posted in FAQ, Indicator Reports | No Comments »U.S. New Home Sales is a leading economic indicator used to measure the annual number of new single-family homes that were sold during the previous month. While this is a monthly figure, it is reported in an annualized format. This ...
What is the “US Federal Funds Rate?”
Wednesday, September 17th, 2008 Posted in FAQ, Indicator Reports | No Comments »The US 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 is important because short-term Interest Rates ...