Fundamental and Technical Analysis by ForexYard Broker

The U.S. dollar traded lower Wednesday as investors moved to higher-yielding currencies and riskier assets after U.S. data was better than expected. ISM service data showed the U.S. services sector grew in February at its fastest pace in more than 2 years, reducing the appeal of the greenback as a relatively safe investment.

Forex Highlights

USD - Dollar Pulls Back on Greek Cuts

EUR - The EUR at 2 Week High as Greece Debt Concern Ease

JPY - Yen Advances to 2 Month High vs. Dollar

OIL - Oil Trades above $80 on Economic Hopes

Read more: Daily Forex Market Analysis | 04 March 2010

The USD fell Tuesday versus the EUR on comments from Greek officials regarding the government's commitment to make major budget cuts necessary to reduce the deficit. Pressuring the Dollar further were hawkish statements regarding interest rate hikes from the Canadian and Australian central banks.

Forex Highlighs

USD - USD Declines on Interest Rate Hike Outlook

EUR - EUR Rises on Expected Greek Budget Cuts

JPY - JPY at 11-Week High versus USD

Crude Oil - Crude Oil Struggles to Stay above $80 a Barrel

Read more: Daily Forex Market Analysis | 03 March 2010

The U.S. Dollar and Yen firmed against most major counterparts on Monday as investors trimmed stretched risk positions in higher-yielding currencies. The safe heaven currencies were bolstered by continuing investor concerns over mounting fiscal problems in Euro-zone countries and doubts over the pace of the worldwide economic recovery.

Forex Highlights

USD - Dollar Rises on Manufacturing Data

EUR - GBP/USD Hits 10-Month Low

JPY - Yen Gains on Return to Risk Aversion

Oil - Crude Oil Falls on Strong Dollar

Read more: Daily Forex Market Analysis | 02 March 2010

After a week which was mostly characterized with the halt of the Dollar's bullish trend, a hefty news week is impending. Australia, Canada, Great Britain and the Euro-Zone will all publish their monthly Interest Rates desiccations. And on top of it all, the U.S. Non-Farm Payrolls is expected on Friday. This means that an extremely volatile week is expected that holds plenty of unique opportunities to make irregular profits.

Forex Highlights

USD - Dollar's Bullishness is halted

EUR - Interest Rates Announcement Expected on Wednesday

JPY - Yen Rises on All Fronts

Oil - Crude Oil is trading above $80 a Barrel

Read more: Daily Forex Market Analysis | 01 March 2010

The U.S. Dollar saw some major gains on the Euro last night. The pair went as low as 1.3500 before rebounding to its current level of about 1.3540. Today, Fed Chairman Ben Bernanke is scheduled to testify before the U.S. Congress, an event likely to create heavy market volatility throughout his testimony and in the minutes after.

Forex Highlights

USD - Significant U.S. News Could Lead to USD Volatility

EUR - Negative European News Leads to Losses for Euro

JPY - Risk Aversion Leads to Yen Gains

Crude Oil - Crude Oil Inventories on Tap Today

Read more: Daily Forex Market Analysis | 24 February 2010

Last week's trading was mostly characterized by the sharp change of trends in the market. The most notable trend reversal was of the Euro, which dropped during the beginning of the week, just to bounce back later on, due to speculations of a Greek rescue plan. The main question for this week's trading is whether the Euro will continue to recover, or will the EUR/USD pair will reach a new low.

Forex Highlights

USD - Dollar Advances on Positive U.S. Economic Data

EUR - Speculations of Rescue Plan for Greece Boosts the Euro

JPY - Yen Slides against the Majors

OIL - Oil is traded for over $80 a Barrel

Read more: Daily Forex Market Analysis | 22 February 2010

The USD declined against the EUR yesterday as anxiety over Greece's debt situation is losing ground. Also better than expected economic data from the U.S and Europe helped boost risk appetite, pushing investors to riskier currencies and commodities.

Forex Hightlights

USD - USD Drops on Renewed Risk Appetite

EUR - Waning Concerns over Greece's Debt Boost EUR

JPY - Yen Drops on Signs of Stronger Global Recovery

OIL - Crude Gains Close to 4%

Read more: Daily Forex Market Analysis | 17 February 2010

With a slow news day forecasted for today, the Euro continues to be weighed down by Greece's deficit worries. Further impacting the hard hit currency is the lack of a concrete plan from the European Central Bank to come to Greece's aid. This does not bode well for the Euro in trading today.

Forex Highlights

USD - Investors Continue to Flock to Safe Haven USD

EUR - Lack of ECB Plan to Combat Deficits Hurts Euro

JPY - Yen Hurt by Fresh Chinese Regulations

Crude Oil - Crude Drops As a Result of Strong Dollar, Chinese Policy

Read more: Daily Forex Market Analysis | 15 February 2010

The dollar climbed to an eight month high versus the EUR on Friday after the release of the U.S. jobs report. Credit concerns in Europe are weighing on the market as traders have moved out of riskier currencies and into the safety of the dollar and yen.

Forex Highlights

USD - Unemployment Rate Improves

 EUR - Sovereign Debt Fears Sinks the EUR

JPY - Sovereign Debt Fears Boost the Yen

Oil - Spot Crude Oil Prices Plummet

Read more: Daily Forex Market Analysis | 08 February 2010

The USD was higher against its major counterparts Wednesday, heading toward its highest levels versus the EUR since last summer, following the release of better than expected economic data from the U.S.

Forex Highlights

USD - The USD Rallies on Better than Expected Economic Data

EUR - Credit Concerns Continue to Pressure the EUR

JPY - Yen Gains on Poor Data from Asia

Crude Oil - Crude Prices Decline on Weak Demand

Read more: Daily Forex Market Analysis | 04 February 2010