ForexYard

Following a hectic several days last week that saw the euro drop to a three-week low against the US dollar, the common currency may finally see some relief today. A scheduled meeting of euro-zone finance ministers is forecasted to result in Greece receiving a much needed bailout package. If a bailout deal is agreed to, analysts are predicting that the euro could see modest gains. At the same time, should the meeting of finance ministers come to the conclusion that Greece has still not done enough to merit receiving the bailout, the common currency may see additional losses to start out the week.

Forex Market Trends – 20 February 2012

Read more: Daily Forex Market Analysis |20 February 2012

ForexYard

Positive Chinese and German economic indicators led to some bullish movement for the euro during mid-day trading yesterday. That being said, the gains were for the most part short-lived, as the common currency once again began moving downward by the evening session. Today, traders will want to pay attention to a batch of British and US indicators that are likely to generate market volatility.

Summary

USD - USD Moves Downward Following Increase in Risk Taking

EUR - German Data Gives EUR a Boost

CAD - BOC Leaves Interest Rates Unchanged; CAD Takes Slight Losses

Crude Oil - Positive Global Data Sends Crude Upward

Read more: Daily Forex Market Analysis |18 January 2012

ForexYard

Despite the small gains made by the euro in trading yesterday, analysts are quick to warn that the common currency still has room to fall if negative news continues to be released from the euro-zone. While there is a light news day today, traders will still want to watch out for any developments from the meetings between France and Germany which could affect euro pairs.

Summary

USD - USD Takes Slight Losses but Remains Bullish Overall

EUR - European Debt Keeps EUR Bearish

AUD - Aussie Sees Slight Gains despite Risk Aversion

Crude Oil - Oil Steadily Declines Following Last Week's Highs

Read more: Daily Forex Market Analysis |10 January 2012

ForexYard

As we approach New Years we'll attempt to address the major issues for 2012.

Summary

CAD - Loose BoC Monetary Policy to Weigh on CAD

GBP - AAA Rating Won't Save Sterling

AUD - Interest Rate Differentials to Drive AUD

Gold - Gold is Not a Safe Haven Asset

Read more: Daily Forex Market Analysis | 02 January 2012

ForexYard

There has been a noticeable trend of stronger US economic data over Q4. Today's last batch of US numbers for this year may show the US economy go into 2012 on a high note.

Summary

USD - US Data to Close out the Year on a High Note

EUR - EUR/USD Yawns after Successful Italian Debt Auction

JPY - Deflationary Pressures Continue to Plague Japan

Crude Oil - Iranian Threats Fuel Crude Oil Price Increases

Read more: Daily Forex Market Analysis | 29 December 2011