{"id":30931,"date":"2012-07-18T04:46:28","date_gmt":"2012-07-18T08:46:28","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/07\/market-review-18-7-12\/"},"modified":"2012-07-18T04:46:28","modified_gmt":"2012-07-18T08:46:28","slug":"market-review-18-7-12","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/07\/18\/market-review-18-7-12\/","title":{"rendered":"Market Review 18.7.12"},"content":{"rendered":"<p><strong>Source: <a href=\"http:\/\/www.forexyard.com\/landsys\/general_static\/en\/?pid=545&#038;mid=888&#038;cid=15844&#038;zid=15873\" target=\"_blank\">ForexYard<\/a><\/strong><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/16.jpg\" width=\"120\" alt=\"printprofile\" \/><\/p>\n<p>The euro saw moderate losses against the US dollar in overnight trading.  The EUR\/USD fell close to 40 pips, reaching as low as 1.2266 before bouncing back to its current level of 1.2282.  Crude oil maintained its recent upward trend last night, as tensions with Iran continued to generate supply side fears among investors.   The commodity is currently trading at $89.24 a barrel.<\/p>\n<p><span><\/span><strong>Main News for Today<\/strong><\/p>\n<p>Part Two of US Fed Chairman Bernanke\u2019s Testimony- 14:00 GMT<\/p>\n<p>\u2022\tThe markets saw significant volatility yesterday after the first part of the Fed Chairman\u2019s testimony<br \/>\n\u2022\tInvestors will be closely watching today for any clues regarding a possible new round of quantitative easing to boost the US economic recovery<br \/>\n\u2022\tAny mention of quantitative easing could lead to broad dollar losses during the afternoon session<\/p>\n<p>US Crude Oil Inventories- 14:30 GMT<\/p>\n<p>\u2022\tCrude oil saw gains last week after the US inventories figure came in well below the forecasted level<br \/>\n\u2022\tShould today\u2019s indicator come in below the expected 0.5M, investors may see it as a sign that demand for oil in the US is going up, which could lead to additional gains for crude during afternoon trading<\/p>\n<p>Read more forex news on our <a href=\"http:\/\/www.forexyard.com\/blog\/en\/\">forex blog<\/a><\/p>\n<p><strong><a href=\"http:\/\/www.forexyard.com\/landsys\/general_static\/en\/?pid=545&#038;mid=888&#038;cid=15844&#038;zid=15873\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: ForexYard The euro saw moderate losses against the US dollar in overnight trading. The EUR\/USD fell close to 40 pips, reaching as low as 1.2266 before bouncing back to its current level of 1.2282. Crude oil maintained its recent upward trend last night, as tensions with Iran continued to generate supply side fears among &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/07\/18\/market-review-18-7-12\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Market Review 18.7.12&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-30931","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/30931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=30931"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/30931\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=30931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=30931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=30931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}