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The Swiss franc fell broadly against the European currency and the U.S dollar after the country’s central bank said the nation may need tighter financial regulation than the rest of the world. The franc declined on Swiss National Bank Chairman comments that the problems linked to the financial market are bigger in Switzerland than elsewhere [...]
The current bearish trend is expected to come to an end anytime soon, and a bullish correction may be in the making. I will illustrate below that the NZD/USD may very well be heading for a reversal. Forex traders can take advantage of this imminent downward movement by entering short positions at an excellent entry [...]
In order to better assist in any future trading at ForexYard, the following is a brief analysis of gold and its recent ascent in the commodities market. After recently reaching a record high of $1,150 per ounce, gold continues its unprecedented rise as investors are increasingly turning to the metal as a safe haven asset. While [...]
The EUR strengthened for the first time in 3 days versus the Japanese yen on speculation the European Central Bank (ECB) will decide as soon as next month to stop some of its emergency stimulus measures. The European currency also gained strength against the U.S dollar on speculation the Federal Reserve will keep its stimulus [...]
There are several important events coming out of the U.S. and Europe including the German Ifo Business Climate and FOMC Meeting Minutes. These events always provide for extreme market volatility in the major currency pairs. 9:00 GMT: German Ifo Business Climate • This indicator reflects the level of a composite index based on surveyed manufacturers, [...]
It looks as if the USD may be getting some support against the Norwegian Krone as the Norwegian government plans to begin withdrawing its stimulus. According to the Finance Minister, Sigbjoern Johnsen, “Norway must remove government stimulus or risk faster interest rate increases that would strengthen the Krone and stifle an export recovery”. As a [...]
The U.S dollar rose Tuesday as a decline in stocks and dimming expectations about the U.S. economic recovery increased demand for U.S currency perceived as safer. Some investors buy the Dollar, seen as a safe haven, against other higher-yielding currencies and sell assets like stocks and commodities when economic optimism diminishes. The greenback also climbed [...]
The European currency declined sharply in holiday-thinned trade on Thursday as renewed risk aversion prompted investors to shed riskier assets. The EUR hovered near the day’s low of $1.4960 down 1.1% on the day. The currency also hit a near 2-month low against the Japanese yen at 129.52 yen. The EUR extended losses as ratings [...]
In today’s trading, the silver experienced much bearishness. However, as I will illustrate below the 4-hour chart’s oscillators support a bullish reversal for today. This might be a good opportunity for forex traders to enter the trend at a very early stage and at a great entry price. • The chart below is the 4-hour [...]
Appreciation – A currency is said to `appreciate` when it strengthens in price in response to market demand. Arbitrage – The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets. Around – Dealer jargon [...]