According to the minutes from their June meeting, the Bank of England is set to freeze interest rates yet again, keeping them at the record low of 0.5 per cent. It is suggested that alternative quantitative easing measures would be discussed, but the very suggestion that the BoE may print more money saw traders at ForexYard distance themselves from sterling during Wednesday’s sessions.

Following the discouraging news from London the pound suffered across the board, with significant losses against the US dollar and the struggling euro. During the London trading session online traders at ForexYard and other foreign currency markets sold the pound, pushing it down as low as $1.6050 against the greenback. The euro also took advantage of the reluctance of investors to buy pounds, climbing to a two-week high against sterling, trading at 89.53p.

During the all-important meeting of the Bank of England’s board members earlier in the month a vote whether to keep interest rates at the ultra-low rate of just half a per cent was found to be in favour of keeping rates down. Seven of the nine members agreed to an interest rate freeze for the time being, news which had an instant knock on affect for the pound.

The continuing uncertainty surrounding Greece and its failing economy has also weighed heavily on the British pound. This is due to the large amount of British money that is currently invested in Greece, its private sector and also it public holdings, money that Greece may not be able to repay.

So what’s next for sterling? Will there be renewed confidence shown towards the British pound or will we see more selling during Thursday’s sessions. If you want to trade the pound or any other major foreign currencies visit ForexYard. Online Forex broker ForexYard is a leading place to trade Forex, with great trading offers available continually. To find out more visit www.forexyard.com today.

On Tuesday the US Federal Reserve Chairman Ben Bernanke made a statement that many traders and market analysts predicted, suggesting that interest rates will remain low for the foreseeable future. Bernanke’s comments hurt the US dollar, with the Greenback trading down against most major currencies at ForexYard and other trading markets.

It wasn’t all doom and gloom from the Federal Reserve chief. He went on to say that “economic growth is likely to pick up in the second half of the year”, offering a glimpse of optimism for the dollar. However, for now the dollar is even losing ground against the struggling euro as no interest rate hike seems likely any time soon.

Early trading during Wednesday’s Asian market session saw the dollar lose ground to the euro, with the EUR/USD climbing to a one-month high of $1.4696 as traders lost further faith in the US currency. Even the Japanese yen, which has faced obvious difficulties of its own, was holding its own against the dollar, trading at the 80.00, where it has hovered for the last 24 hours or so.

So the future looks bleak for the US dollar but that doesn’t mean that you can’t make a profit from ‘selling’ it at an online Forex broker such as ForexYard. If you want to try out Forex trading for yourself, or if you’re looking for a new place to trade visit www.forexyard.com. ForexYard is one of the internet’s most popular online Forex brokers, offering a great choice of currency pairs along with a welcome bonus of up to $1,000 so head over to them today and start trading Forex.

Renewed Greek debt worries scared off Forex traders from buying euros at many of the world’s Forex trading markets and sites, such as ForexYard, during Wednesday’s London and New York trading sessions. The euro suffered broadly against the majority of other currencies including the Swiss franc, which hit record highs against its Eurozone counterpart.

It is now looking more and more unlikely that Greece will be able to meet their original debt repayment schedule, with the Greece’s government considering making a request to restructure the repayment agreement. Many market analysts and insiders believe that the shadow of uncertainty hanging over Greece is the main reason for the euro’s recent poor performance. However, it is widely believed that even if the Greece situation worsens it wouldn’t be disastrous for the single European currency.

Towards the end of Wednesday’s New York Forex trading session the euro was continuing to struggle, losing ground across the board. The euro was down to $1.4086 against the US dollar and down to Y115.45 against the Japanese yen at ForexYard, where traders are still willing to open short positions buying euros but appetite for the euro in the long term is virtually non-existent.

So what next for the euro? Well the European Central Bank has been making noises regarding further interest rate increases, possibly as soon as this summer. And as always, an interest rate hike would be likely to boost the struggling euro.

If you want to try your hand at trading foreign currencies online or if you’re looking for a new place to trade take a look at what ForexYard has to offer. ForexYard is one of the internet’s leading online Forex brokers, offering a wide range of currency pairs along with tight spreads and even a welcome bonus of up to $1,000 when you first fund your trading account. To find out more visit www.forexyard.com.

Today the Bank of England boosted the pound at ForexYard, where traders witnessed the EUR/GBP fall over 1 per cent on the day to 87.05p, its lowest price since March 24th. There are two major reasons for the sudden drop in the EUR/GBP currency pair. Firstly, the Bank of England has raised its medium-term inflation forecasts and secondly there are fresh worries about Greece and Portugal’s ailing economies that are weighing heavy on the euro and its fortunes.

Today the Bank of England published its Quarterly Inflation Report that showed the UK’s central bank raising its medium-term inflation forecasts, with many analysts and insiders predicting an earlier than expected interest rate hike, possibly in December instead of January. Speculation that interest rates will go up has created a renewed demand for sterling, with investors seeking long positions in the pound.

Renewed fears about Greece and Portugal’s worsening debt crises have also added to the woes of the euro. Greece will almost certainly have to restructure its debt as it seems increasingly unlikely that their economy will be able to afford the agreed repayment structure following their IMF/EU bailout.

Portugal is still to have a bailout deal agreed and thanks to uncertainty in Finland it may be next week before a decision is reached. Finland, unlike other EU member states, has the right to vote on any bailout packages and currently the second political party in Finland isn’t in favour of the deal. Therefore the vote has been delayed until Wednesday of next week, a move that caused traders at ForexYard and other online brokers to avoid buying euros today, instead opting for the pound.

If you’re looking for a new place to trade Forex take a look at the great trading platforms, tight spreads and Forex bonuses available from ForexYard. To find out more about trading Forex online head over to www.forexyard.com.

It’s a well known fact among Forex traders and investors that the price of gold and the price of the US dollar are related to each other, with a weak dollar pushing up the price of gold and this has been demonstrated in a dramatic fashion this week. The weak dollar propelled gold prices up to the dizzy heights of $1,512.50 during Friday’s trading sessions at ForexYard and other online Forex brokers.

For anybody who bought gold positions last week Good Friday was good indeed. Gold climbed in price every day for the last seven days and has increased its value each week for the last six weeks. Gold really is in good shape with many analysts looking at $2,000 per ounce as a real possibility in the next 12-18 months.

It’s not just gold that’s been on the climb either. Most other precious metals have been in demand, with silver also hitting record levels. The spot price for silver hit a 31-year high last week peaking at $46.69 an ounce, which is over an 8 per cent increase for the week.

If you think you know what’s going to happen to the price of gold or the price of the US dollar during the coming week then you should pay a visit to ForexYard. ForexYard is one of the internet’s most popular online trading sites, with all you could possibly need to get your trading career off to a flying start, including a Forex bonus of up to $1,000 when you make your first deposit. Visit www.forexyard.com today to find out more.

On a day where traders at ForexYard and other online brokers saw the euro make significant gains ahead of tomorrow’s policy meeting of the European Central Bank, it may have been easy to miss the British pound making headway against the US dollar during Wednesday’s US trading session.

The euro has been strengthening broadly against many currencies every day since the beginning of the week and today was no exception. All of the Forex news has been focussing on the single European currency, the European Central Bank and the predicted interest rate hike, which is believed by many to be around the 25 basis points mark. This led to the euro trading as high as 1.4350 against the US dollar and 121.97 against the yen.

These gains by the euro meant that the pound’s advances went relatively unnoticed by many. The GBP/USD currency pair was trading around the 1.6330 mark at the time of writing this article, which is a climb of 0.21 per cent on the day, and certainly worth some column inches. Traders who bought pounds at the right time today will be rubbing their hands right now.

In other online trading news, the price of precious metals has continued to rise, reaching record highs as the civil unrest in the Middle-East leads to traders avoiding risk and investing in safe haven instruments such as gold and silver. Today, gold hit a record high price of $1,458.50 an ounce, while silver climbed to a 31-year high of $39.77 an ounce.

If you want to speculate on the future of the world’s leading currency pairs and commodities the visit www.forexyard.com. As a new trader at ForexYard you will receive access to a wide choice of instruments with tight spreads and a 10% welcome Forex bonus of up to $1,000 when you first fund your account.

During Tuesday’s European market trading sessions investors at ForexYard and other online Forex brokers saw the US dollar suffer broadly, with the euro hitting a 4 1/2-month high against its US counterpart and the British pound rallying to a massive 14-month high against the ailing currency. Even amidst the ongoing chaos in Japan, the yen managed to hold its own against the US dollar in a day that the greenback may want to forget.

The euro was trading well thanks to speculation that an interest rate hike is due next month, a move that would further strengthen the single European currency. The euro climbed to a high of $1.4249 but it ran into options-related barriers at the $1.4250 mark.

In a similar fashion to the euro, the British pound was being bought by traders at ForexYard as an increase in UK inflation to 4.4 per cent fuelled speculation that the Bank of England will raise interest rates in the coming weeks.

The Japanese yen has been on a hectic journey over the past 10 days following the massive disasters that have taken place in the Land of the Rising Sun but the Japanese currency has held its own today, trading in a tight range, trading at the 81.00 mark for the majority of the day.

If you want to speculate on the fortunes of the US dollar, the euro, the British pound or the Japanese yen head over to ForexYard. ForexYard has a great choice of currency pairs to trade from their ever-popular trading platform and as a new trader you can also benefit from a 10 per cent cash back on your first deposit, with a Forex bonus of up to $1,000 up for grabs. Visit www.forexyard.com today to open a new online Forex trading account in minutes.

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Over the last few weeks, while civil unrest has engulfed the Middle-East, many investors and traders at ForexYard and other online trading sites have been switching their investments to safe-haven currencies such as the Swiss Franc and the US dollar. However, avoiding risk isn’t a bad thing. In fact, lower risk Forex trading is the most effective way to trade.

Too many new Forex traders head into the markets with ideas of getting rich quick but unless you’re already an experienced and skilful trader the chances of making big fast returns are out there with the chances of winning the lottery. Simply put, you can’t win every single trade and if you were to risk your entire bankroll on every trade it would only be a matter of time before you made a losing trade and blew every penny in your Forex trading account.

As a rule, our advice would be to design and adhere to a strict investment strategy, which contains rules to ensure that you don’t employ too much risk. If you’re a new Forex trader we would advise that you never invest more than 5 per cent of your bankroll on a single trade. This will force you to reduce your trade sizes if your bankroll starts to get smaller. However, this same tactic allows you to increase the size of your trades as your bankroll expands.

If you want to give online Forex trading a try visit www.forexyard.com. New traders at ForexYard are able to open a demo account that offers real prices in real time but with no real risk. If you did then want to fund your account you will be rewarded with a 10 per cent cashback bonus of up to $1,000.

Thursday was a good day for the US dollar, as another fall in jobless figures saw the greenback outperform the majority of its counterparts. The euro, the Japanese yen and the Swiss franc all lost ground against the American currency, with a number of factors influencing the dollar’s day.

Online Forex traders at ForexYard and other sites watched the EUR/USD nosedive following the job data from across the Atlantic, while at the same to suffering from declining confidence that the Eurozone will be able to steer its way clear from the current debt crisis that’s strangling the single European currency. The euro hit a $1.3578 US trading session low before recovering slightly to $1.3591, still down by 1 per cent on the day.

Traders also witnessed the dollar outstripping the Japanese yen, with the USD/JPY nearing a one –month high of 83.29 before losing momentum and easing back to 83.23, up 1.0 per cent in the day.

Even the Swiss franc fell prey to the ever-advancing US dollar. Risk aversion tactics have been reduced by investors and traders following the civil unrest in Egypt, which effect both the US dollar and the Swiss franc, both currencies have felt the pinch but today’s jobless figures from the US has kept the greenback ahead of its Swiss counterpart.

If you want to trade any of the currency pairs mentioned above or try your hand at speculating on the fortunes of many other currency pairs visit www.forexyard.com. ForexYard is one of the internet’s premier online Forex brokers and as a new trader you can also claim a welcome bonus of up to $1,000.

Over the past few days we’ve heard news that Japan has had its credit rating reduced from AAA to AA amidst fear that the Asian economy will be unable to curb their huge debt burden. Ireland’s credit rating was also reduced last year following economic troubles in the Emerald Isle but what are economic credit ratings and what effect do they have on the price of Forex pairs?

Economic credit ratings, or soveriegn credit ratings as they’re also known, are similar to credit ratings for individuals. These reports estimate the credit worthiness of a nation and its economy, indicating a country’s ability to repay its debts plus it also takes political risk and unrest into account. A sovereign credit rating assesses and highlights the current risk levels for the investing environment of a country. This information is used by traders at ForexYard and other online Forex brokers, along with many other global investors, who are looking to invest in foreign economies.

There are three major international credit ratings that are acknowledged by the investment world; Moody’s, Standard & Poor’s, and Fitch Ratings. Each of these agencies uses a letter designation system to represent the quality of a country’s credit rating. The Ratings go from AAA/Aaa – where a country has extremely strong capacity to meet its financial commitments, all the way to C/D – where a country has failed to pay one or more of its financial obligations when it became due.

If the credit rating of a nation is reduced it will almost certainly harm the value of its currency and likewise, if a nation’s credit rating is raised it will have a positive effect on their currency. This will leave opportunities for the initiated Forex trader to make quick returns when a nation’s credit rating is adjusted.

To trade Forex with one of the world’s leading online Forex brokers visit www.forexyard.com. ForexYard is one of the internet’s most popular online brokers for retail Forex traders, where you can trade a huge number of currency pairs and other instruments directly from your PC.