Forexyard Daily Forex research

The U.S. dollar fell on Monday to its lowest in a month against the Yen as worries about the spread of the swine flu from Mexico prompted investors into perceived safe-haven currencies such as the Yen and the CHF. Crude oil was also pushed down toward $50 a barrel on fears that the global flu pandemic that could give the world economy another knock. Economic News USD - Swine Flu puts Downward Pressure on the USD and Tourism The U.S. Dollar appeared to be losing ground against all of its major currency counterparts towards the end of last week's trading.

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Friday, 24 April 2009, 11:12 GMT
Research > Forex - Technical research
Forexyard Research
Forex Analysis - Dollar's Strength Set to Determine Oil Prices Today

Whilst the Dollar declined in yesterday's trading against most of its major currency pairs, Oil prices recorded considerable gains. Thus lately, there has been an inverse relationship between the greenback and the black gold. Therefore it is important to follow economic news releases from the U.S. closely today, as a weak U.S. economy is likely to lead to bearish Oil prices. On the other hand, strong U.S. economic data and a strong Dollar are likely to lead to higher Oil prices later today.

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Thursday, 23 April 2009, 13:12 GMT
Research > Forex - Technical research
Forexyard Research
Forex Analysis - Traders Anticipate Heavy News Day in Forex

With an abnormal number of news events coming from Britain, the Euro-Zone and the United States today, forex traders have been in a frenzy to place their bets before the trading day gets underway. Trading during these news events, which typically carry a lot of market volatility, is a fast way to double your forex trading balance; the wise trader knows this. Special attention should be paid to the slew of manufacturing data coming from France and Germany between 7:00 and 9:00 GMT, as well as the U.

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Wednesday, 22 April 2009, 13:21 GMT
Research > Forex - Technical research
Forexyard Research
Forex Analysis - Dollar and Yen Continue to Rise on High Risk Aversion

Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and the JPY have been the primary beneficiaries of this trading strategy. Comments by Treasury Secretary Geithner also have been swaying the Dollar. Further testimony by Geithner today could push the Dollar higher once again. Economic News USD - Greenback Advanced vs. the EUR on Crisis Concerns The Dollar rose to a 5-week high against the EUR as concern the global financial crisis will worsen.

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Tuesday, 21 April 2009, 16:35 GMT
Research > Forex - Technical research
Forexyard Research
Forex Analysis - Recession Fears Reignite Safe Haven Buying

Drops in U.S. equity markets rattled investors as both the Dollar and the Yen benefited from traders unwilling to take on further risks. The price of Crude Oil also plunged due to further signs the U.S. economy has yet to turn the corner. Economic News USD - Drop in Equities Leads to a Higher Dollar The Dollar continued its bullish run yesterday, appreciating for the 6th day in a row against the EUR as the pair reached a one-month low. Driving the Dollar's gains were losses in U.

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