{"id":31010,"date":"2012-07-20T14:02:50","date_gmt":"2012-07-20T18:02:50","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/07\/gbp-and-gold-to-dominate-trading\/"},"modified":"2012-07-20T14:02:50","modified_gmt":"2012-07-20T18:02:50","slug":"gbp-and-gold-to-dominate-trading","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/07\/20\/gbp-and-gold-to-dominate-trading\/","title":{"rendered":"GBP and Gold to Dominate Trading"},"content":{"rendered":"

Source: ForexYard<\/a><\/strong><\/p>\n

\"printprofile\"<\/p>\n

After quite a bearish trading session yesterday, the USD is continuing to lose support. The EUR\/USD<\/a> is continues its rise above the 1.4000 level, whilst the GBP\/USD<\/a> is trading at the 1.6275 level.<\/p>\n

The most dominant currency and commodity today are the British Pound and Gold<\/a>. The GBP showed much strength recently, rising against its major currency pairs<\/span> yesterday. Now we wait for the GBP\/USD<\/a> to hit 1.6350 today.<\/p>\n

Yesterday, Gold<\/a> made the largest daily gains since July 1st of about $10. The extremely weak Dollar in yesterday’s trading played a large part in pushing-up Gold<\/a> prices. A weaker USD again today, will lead to much of the same behavior. However, a turn of events may see the recent bullish trend of Gold<\/a> short-lived.<\/p>\n

Leading publications for today:<\/p>\n

\u2022 British CPI, 08:30 GMT \u2013 The Consumer Price Index is a leading inflation indicator that measures the change in the price of goods and services, which are purchased by British consumers. The forecast is 1.8%, meaning the CPI was slightly lower this month than last month’s 2.2%. Such a result may lead to bearishness in the Pound as the British government and the Bank of England (BoE) feel that nearer to 3% is healthier for the Pound and British economy.
\n\u2022 German ZEW Economic Sentiment, 09:00 GMT \u2013 A leading measure of economic growth in Germany and the Euro-Zone. It evaluates the level of a diffusion index, which is based on a survey of German analysts and institutional investors. The forecasted result is 48.0, considerably better than the previous 44.8 publication. Such a result could drive up the EUR today due to the result signaling an improvement in the main economy of the Euro-Zone.
\n\u2022 U.S. Core Retail Sales, 12:30 GMT: Three major publications are set to be published simultaneously from the U.S. These include the Core Retail Sales, PPI (Producer Price Index), and Retail Sales. All 3 of these publications provide accurate signals as to the direction of the U.S. economy. If the figures are weaker than expected, then the USD may record another bearish session today.<\/p>\n

Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/p>\n

\u00a9 2006 by FxYard Ltd<\/p>\n

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":"

Source: ForexYard After quite a bearish trading session yesterday, the USD is continuing to lose support. The EUR\/USD is continues its rise above the 1.4000 level, whilst the GBP\/USD is trading at the 1.6275 level. The most dominant currency and commodity today are the British Pound and Gold. The GBP showed much strength recently, rising … <\/p>\n

Continue reading “GBP and Gold to Dominate Trading”<\/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-31010","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31010","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=31010"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31010\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=31010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=31010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=31010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}