Monday, May 31, 2010

FOREXYARD Daily forex analysis on 31 May 2010

Headlines
Will The Euro Drop Further Following Spain's Credit Downgrade?
After several days on which the Euro saw recovery signals, Fitch Ratings announced that it downgrades Spain's credit rating. The rating company explained that Spain's large debts were the catalysts for this decision. As a result the Euro promptly dropped on all fronts, and erased its profits. Could it drop further?


USD

Sunday, May 30, 2010

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Wednesday, May 26, 2010

FOREXYARD Daily forex analysis on 26 May 2010

Headlines
U.S. stocks and EUR pared deep losses to end mostly flat on Tuesday as investors had second thoughts that a festering Euro-Zone banking crisis will spread worldwide and strangle a reviving economy.


USD
Dollar's Upward Momentum Gathers Strength
The U.S. Dollar rose Tuesday as higher-yielding currencies came under broad selling pressure on growing risk aversion, in turn boosting the

Monday, May 24, 2010

FOREXYARD Daily forex analysis on 25 May 2010

Headlines

Euro Tumbles Following Spanish Bank Takeover
The Euro fell broadly throughout the night following news that the Spanish government is planning to takeover a smaller savings bank due to a failed merger attempt. The EUR/USD, currently trading below the 1.2300 level, has fallen more than 100 pips since yesterday evening as one of the results.


USD
Dollar Receives Boost Following

Wednesday, May 19, 2010

Forex analysis : EUR and USD

I tend to feel tired these 2 weeks thus reduced the frequency on updating this blog.

At here, I would like to talk briefly on the EUR and USD currency.

As a forex player, we shall not try to against the trend. If we try to do so, it is called suicide. As such, we shall avoid buy EUR or sell USD at current market situation.

Even if you saw the price of EUR/USD goes up, don't be tempted to buy

Tuesday, May 18, 2010

FOREXYARD Daily forex analysis

USD - Dollar Trades Lower Against the EUR


The Dollar lost part of its rally against the Euro and against the pound. Other major counterparts remained almost unchanged during yesterday's trading. The EUR/USD is currently trading near 1.2330. The pair was trading above 1.2400 during yesterday's late session. almost 150 pips higher than its five months record low.

The gains in the Euro came

Monday, May 17, 2010

FOREXYARD Daily forex analysis

USD
Dollar Closes another Bullish Week Vs. The MajorsThe Dollar rallied against most of the major currencies for the fourth consecutive week. The Dollar gained about 700 pips against the Euro and about 600 pips against the Pound. The Dollar also reached an 18-month high against the Euro.

The Dollar continues to strengthen against its major counterparts as the data from the U.S. economy continues

Sunday, May 16, 2010

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