{"id":31497,"date":"2012-08-09T08:45:12","date_gmt":"2012-08-09T08:45:12","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/08\/market-review-9-8-12\/"},"modified":"2012-08-09T08:45:12","modified_gmt":"2012-08-09T08:45:12","slug":"market-review-9-8-12","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/09\/market-review-9-8-12\/","title":{"rendered":"Market Review 9.8.12"},"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 euro took moderate losses against the US dollar last night, but remained bullish overall as investor anticipation regarding potential ECB action to lower Spanish and Italian borrowing costs kept risk sentiment high.  Additionally, better than expected Australian employment data caused investors to shift their funds to higher yielding assets, including the aussie.  The AUD\/USD advanced close to 60 pips during Asian trading to reach a fresh 4 \u00bd month high at 1.0612. The pair is currently trading at 1.0590.<\/p>\n<p><span><\/span><strong>Main News for Today<\/strong><\/p>\n<p>ECB Monthly Bulletin- 08:00 GMT<br \/>\n\u2022\tThe bulletin outlines the ECB\u2019s economic forecast for the euro-zone<br \/>\n\u2022\tA positive outlook could lead to more risk taking in the marketplace, which may help the euro against the US dollar and yen<\/p>\n<p>US Unemployment Claims- 12:30 GMT<br \/>\n\u2022\tAnalysts are forecasting today\u2019s figure to come in slightly higher than last week\u2019s<br \/>\n\u2022\tIf the news comes in higher than 371K, the dollar could see additional losses against the JPY in afternoon trading<\/p>\n<p>US Trade Balance- 12:30 GMT<br \/>\n\u2022\tThe trade balance figure is forecasted to come in at -47.4B, slightly better than last month\u2019s -48.7B<br \/>\n\u2022\tAny better than expected data could help the dollar recoup some of its recent losses against the EUR and AUD<\/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 took moderate losses against the US dollar last night, but remained bullish overall as investor anticipation regarding potential ECB action to lower Spanish and Italian borrowing costs kept risk sentiment high. Additionally, better than expected Australian employment data caused investors to shift their funds to higher yielding assets, including the aussie. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/09\/market-review-9-8-12\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Market Review 9.8.12&#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-31497","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31497","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=31497"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31497\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=31497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=31497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=31497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}