FOREXYARD News Center
Dollar Soars as its Global Reserve Currency Status Returns to the Forefront
The Dollar soared yesterday against most of its currency pairs, as its global reserve currency status returned to the forefront. This was due to weak U.S. unemployment figures, as Unemployment in the U.S. rose far higher than analysts had forecast. This spurred demand for safe-haven currencies, such as the USD and JPY. As a result of the strong USD, Crude Oil prices also tumbled. Today, investors should continue trading the USD, EUR, JPY, and Gold, as large profits will be made on market volatility.
| Full article | | | Forex News Archive |
Dollar Gains over Worse than Expected Employment Data
The Dollar rose against most of its major currency counterparts Thursday following the release of worse than expected June U.S Non Farm Employment Change report. The report showed employers cut 467,000 jobs in June, compared to the expected 350,000 by economists. The weak report renewed concerns about the pace of the world economic recovery turning investors away from riskier currencies and commodities.
| Full article | | | Forex News Archive |
Trade Now! Major Currencies Anticipate Heavy Volatility
As the US prepares to open its markets there are a number of economic events scheduled which will likely intensify the market's recent volatility. Scheduled first is the Euro-Zone's decision regarding its Minimum Bid Rate (short term interest rates), followed by a press conference by the European Central Bank (ECB). There is speculation that a quantitative easing program will either be implemented or discussed, which may devalue the EUR in the short-term.
| Full article | | | Forex News Archive |
| USD Daily News | EUR Daily News | |
| Dollar Gains on U.S. Unemployment Data | EUR Tumbles on Interest Rate Decision | |
| JPY Daily News | Commodity Daily News | |
| Yen Benefits from Safe-haven Status | Crude Hits 1 Month Low on Rising U.S. Unemployment | |
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Forex Blog by FOREXYARD
• Below are the hourly chart and 4-hour chart for the USD/ZAR.
• The indicators used are the Slow Stochastic, RSI, and MACD.
| Full article |
| Date | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 07/05 | 09:45 | EUR |  ECB President Trichet Speaks | * | * | * |  | |
| 07/06 | 00:30 | AUD | MI Inflation Gauge | m/m | -0.3% | - | - |  |
| 01:30 | AUD | ANZ Job Advertisements | m/m | -0.2% | - | - | | |
| 05:00 | JPY | Leading Indicators | 76.2% | 77.0% | - | | ||
| 08:30 | USD | Sentix Investor Confidence | -27.0 | - | - | |
