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Technical analysis is one of the most valuable insights into future movements of currency markets, offering Forex traders clues about the next possible investment opportunity. And now, you can receive daily technical analysis from ForexYard, along with loads of other useful and helpful advice about trading foreign currency pairs. There are detailed stats and information covering all aspects of market trends and resistance and support levels, giving you an edge when making those all-important trades.

Leading online Forex broker ForexYard has a host of information for its traders, including; technical analysis, currency news, Forex blogs, educational courses and many other helpful and handy guides to keep you on the Forex trading ‘straight and narrow’. If used correctly, these pearls of wisdom can be a great help to you. However, it is all just advice – understanding a market doesn’t always equate to correctly predicting its movements. You should use technical analysis with other forms of market analysis to make trades that suit your budget and your trading style.

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If you’ve never staked your own money speculating on the fortunes of currency pairs then there’s a great feature for you at ForexYard, a feature that is the perfect place for novice traders to start their exciting journey into the world’s currency markets. Practice Forex accounts are a ‘must’ for new traders, as they offer you the chance to apply your knowledge, skill and instincts without risking your hard earned cash in the process.

For decades Forex trading was reserved for the privileged few, the ‘good old boy’s of the markets, with no opportunity for retail investors like us to make a few quid speculating on the future of currency pairs. However, the arrival of the internet brought with it online opportunities that have allowed online Forex brokers such as ForexYard to offer trading to you and I from the comfort of our own homes.

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Long gone are the days when Forex trading was an exclusive opportunity for a select few. These days, Forex trading can be undertaken from the office, from work or even on the move from your mobile phone using the world’s leading online Forex brokers such as ForexYard. Trading accessibility at ForexYard has never been more open, with their industry-leading Meta-Trader4 trading platform for PC and their numerous mobile Forex trading platforms that are available for most popular mobile phones.

Because the world’s Forex markets are open around the clock five days a week there are plenty of trades to be made throughout the day and night. This means that you can trade Forex during your lunch hour from your office computer or your mobile phone. You can also trade while you wait for your train and on your journey home too.

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For the fourth day in a row the British pound fell against the euro following the release of figures by the Office of National Statistics that showed just a very small expansion of the economy, as the UK, along with many other nations, struggles to recover from recession. The pound was down significantly today but, the US dollar also lost ground against its European counterpart, as faith begins to return to investors of the euro.

During Friday – the last day of the Forex trading week – traders at ForexYard saw Sterling fall by 0.3 per cent to 88.54 against the euro. Friday’s losses for the pound followed a fall to a two-week low of 88.25 on Thursday, and two other previous days of losses for the EUR/GBP currency pair on Wednesday and Tuesday.

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As most leading online Forex brokers offer a wide range of currency pairs to trade, you can often find yourself searching various news sources just to keep up with them, let alone predict what they’re going to do in the future. However, one of the internet’s best Forex brokers offers you an edge over your competitors. You can now view trading signals at ForexYard, which offer you an insight into when you should buy and when you should sell currency pairs.

You will find three types of trading signals at ForexYard, each offering you a different insight into the current market conditions and the expected future behaviour of currency pairs and commodities. This information is available to all traders at ForexYard and is update constantly, allowing you to stay informed as you make your trades.

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The coming week is going to be full of events that will affect the fortunes of the world’s major currencies. So, we’ve compiled a list of next week’s key economic events that will influence Forex markets across the globe, in a bid to give you a ‘heads up’, allowing you to stay one step ahead of the game. There’s will be releases and reports from the US, UK and Europe, which will all affect the value of their respective currency pairs.

On Monday, the US will release their manufacturing Purchasing Managers’ Index (PMI) for July and, following a 2 per cent rise during June, it is expected that a small drop will be recorded, as the figures continue to stabilise. A fall in manufacturing PMI may trigger a fall in the US dollar and may offer profitable short positions for the shrewd Forex trader.

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Thursday was a busy day for traders at ForexYard and other Forex markets across the world as numerous key economic events took place, with one notable event being the European Central Bank’s decision to raise interest rates to 1.5 per cent from 1.25 per cent. However, even after news of the interest rate hike, Forex traders chose the US dollar over the euro, with the single European currency failing to benefit from the rate rise thanks to continuing fears over Greece’s debt crisis.

Late on during the London trading session the US dollar was up by 0.28 per cent as the EUR/USD currency pair dropped to 1.4278. The in-form American currency was also up against the British pound, which was less of a shock following the Bank of England’s decision to keep its key interest rate at the record low figure of 0.5 per cent, a decision that came as little surprise to most informed Forex traders.

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Wednesday has been a bad trading day for the euro so far as the European single currency suffered broadly during the first half of the day. A massive decline this morning saw the euro drop almost 1 per cent against the US dollar at ForexYard, following disagreements from Eurozone ministers regarding the Greek debt crisis and also news that some of France’s largest banks could face credit rating downgrades by leading rating agency Moody’s.

In recent weeks Forex traders have witnessed the euro holding its own, especially against the US dollar, which has been facing its own difficulties. However, the euro took a huge hit during the early London trading, with prices for the EUR/USD plummeting as low as $1.4310, still a distance above the support levels that are believed to be around the $1.4250 mark.

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When a new traders first enter the big wide world of Forex it can seem an incredibly daunting place, especially for somebody with no prior knowledge of foreign currency exchange markets. However, that is no reason for novices to be dissuaded from giving this fun and exciting investment method a go, which is why we’re offering some basic Forex trading advice for beginners to give you some starting tips to get you going.

Practice accounts: Before you start investing your hard earned money you should take a closer look at Forex trading by opening a practice account, which are available from leading online Forex brokers such as ForexYard. These accounts allow you to trade Forex using real prices and trading platforms but without risking any of your own money.

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For the fourth month running the Bank of England has voted to keep interest rates at a record low of 0.5 per cent, which will possibly result in further woes for sterling, as a low interest rate often suppresses an economy’s currency. Traders at ForexYard and other online Forex brokers saw a drop in appetite for the UK’s currency following the publication of the BoE’s report.

Also, for the fourth month running, three of the nine Bank of England policy makers voted to raise interest rates while six voted against the policy as UK inflation climbed to 4.5 per cent, which is over double the Bank’s 2 per cent target. This led Mervyn King, governor of the Bank of England to write a letter to the Chancellor of the Exchequer explaining why the BoE hasn’t raised interest rates once again, an action that many believe might reduce UK inflation.

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