{"id":31501,"date":"2012-08-09T11:52:12","date_gmt":"2012-08-09T11:52:12","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/08\/forex-daily-review-09-08-2012\/"},"modified":"2012-08-09T11:52:12","modified_gmt":"2012-08-09T11:52:12","slug":"forex-daily-review-09-08-2012","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/09\/forex-daily-review-09-08-2012\/","title":{"rendered":"Forex Daily review- 09.08.2012"},"content":{"rendered":"<p>Forex Daily review brought to you by REAL FOREX | <a href=\"http:\/\/www.real-forex.com\/landing.php?nodeID=155\" target=\"_blank\">www.Real-forex.com<\/a><\/p>\n<div><strong><u>EUR\/USD <\/u><\/strong><\/div>\n<div>Yesterday the market did not do anything remarkable and basically continued to move without a specific direction. The good data that came from Australia gave some fuel to the ascending moves on the majors.<\/div>\n<div>&nbsp;<\/div>\n<div>On the other hand, both economical releases that came from China came out worse than it&rsquo;s previous and it shows there is a deceleration in China in parameters like personal consumption, building expenses, industrial production and retail sales. Those releases are more important to the world than the Australian data, therefore it will have a strong impact on the decisions of the traders regarding the direction of the market on the opening of the London session.<\/div>\n<div>From a technical point of view, on a 4 hour EUR\/USD chart the pair is moving in an ascending price channel and currently located on its high lip.<\/div>\n<div>&nbsp;<br \/>\nthe main trend is descending, therefore we will look for Short trades rather than Long.<\/div>\n<div>On the last 3 days the pair was correction the last sharp move upwards and still located under the Bollinger&rsquo;s moving average, which is a sign for the continuation of the correction.<\/div>\n<div>Possible trade can be selling on the breaking of the 1.2365 price level with a stop above the daily peak and target on the lower lip of the price channel.<\/div>\n<div>&nbsp; <\/div>\n<div><strong>You can see the chart below:<\/strong><\/div>\n<div>&nbsp;<img loading=\"lazy\" decoding=\"async\" alt=\"eur\/usd\" width=\"900\" height=\"587\" src=\"http:\/\/www.real-forex.com\/uploads\/Image\/Eur-USD 4 h.jpg\" \/><\/div>\n<div>&nbsp;<\/div>\n<div>&nbsp;<\/div>\n<div><strong><u>Important announcements for today:<\/u><\/strong><\/div>\n<div>09.30 (GMT+1) GBP &ndash; Trade Balance<\/div>\n<div>13.30 (GMT+1) CAD &ndash; Trade Balance<\/div>\n<div>13.30 (GMT+1) USD &ndash; Trade Balance<\/div>\n<div>13.30 (GMT+1) USD &ndash; Unemployment Claims<\/div>\n<div>&nbsp;<\/div>\n<div><a href=\"http:\/\/www.real-forex.com\/landing.php?nodeID=155\" target=\"_blank\">Forex Daily review brought to you by REAL FOREX | ECN Broker | www.Real-forex.com<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Forex Daily review brought to you by REAL FOREX | www.Real-forex.com EUR\/USD Yesterday the market did not do anything remarkable and basically continued to move without a specific direction. The good data that came from Australia gave some fuel to the ascending moves on the majors. &nbsp; On the other hand, both economical releases that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/09\/forex-daily-review-09-08-2012\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex Daily review- 09.08.2012&#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-31501","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31501","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=31501"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31501\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=31501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=31501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=31501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}