{"id":31427,"date":"2012-08-07T08:40:54","date_gmt":"2012-08-07T08:40:54","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/08\/market-review-7-8-12\/"},"modified":"2012-08-07T08:40:54","modified_gmt":"2012-08-07T08:40:54","slug":"market-review-7-8-12","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/07\/market-review-7-8-12\/","title":{"rendered":"Market Review 7.8.12"},"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 EUR\/USD remained within reach of yesterday\u2019s one month high during the overnight session, as investor expectations that the ECB will soon move to lower borrowing costs in Spain and Italy helped boost risk appetite.  The pair is currently trading around the 1.2400 level.  The AUD\/USD hit a four-month high at 1.0602 last night, after the Reserve Bank of Australia left interest rates unchanged at 3.50%.  The pair is currently trading at 1.0590.  <\/p>\n<p><span><\/span><strong>Main News for Today<\/strong><\/p>\n<p>Canadian Building Permits- 12:30 GMT<br \/>\n\u2022\tThe USD\/CAD has fallen close to 90 pips since last Thursday<br \/>\n\u2022\tIf today\u2019s building permits comes in above the forecasted -3.5%, the CAD may be able to extend its recent gains<\/p>\n<p>Fed Chairman Bernanke Speaks- 18:30 GMT<br \/>\n\u2022\tThe Fed Chairman refrained from mentioning any new steps to strengthen the US economic recovery during his speech yesterday<br \/>\n\u2022\tIf he does bring up a new round of stimulus today, the dollar could see broad losses during evening 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 EUR\/USD remained within reach of yesterday\u2019s one month high during the overnight session, as investor expectations that the ECB will soon move to lower borrowing costs in Spain and Italy helped boost risk appetite. The pair is currently trading around the 1.2400 level. The AUD\/USD hit a four-month high at 1.0602 last &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/07\/market-review-7-8-12\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Market Review 7.8.12&#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-31427","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31427","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=31427"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31427\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=31427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=31427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=31427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}