{"id":31648,"date":"2012-08-16T04:47:20","date_gmt":"2012-08-16T08:47:20","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/08\/market-review-16-8-12\/"},"modified":"2012-08-16T04:47:20","modified_gmt":"2012-08-16T08:47:20","slug":"market-review-16-8-12","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/16\/market-review-16-8-12\/","title":{"rendered":"Market Review 16.8.12"},"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 dollar hit a fresh one-month high against the JPY last night, as investor confidence in the US economic recovery remained high following strong US retail sales reports earlier in the week.  Crude oil also came within reach of a three-month high last night, after a US inventory report yesterday came in below expectations, signaling to investors that demand in the world\u2019s largest oil consuming country is increasing.  After peaking at $94.58 a barrel during Asian trading, oil fell slightly and is now trading just above the $94 level.<\/p>\n<p><span><\/span><strong>Main News for Today<\/strong><\/p>\n<p>US Building Permits- 12:30 GMT<br \/>\n\u2022\tAnalysts are forecasting a slight increase over last month\u2019s figure<br \/>\n\u2022\tIf true, the dollar could extend yesterday\u2019s gains against the yen<\/p>\n<p>US Unemployment Claims- 12:30 GMT<br \/>\n\u2022\tThe Unemployment Claims figure is forecasted to come in at 365K, slightly higher than last week<br \/>\n\u2022\tIf the figure comes in above 365K, investors may revert to safe-haven assets which could cause the USD\/JPY to reverse its current bullish trend<\/p>\n<p>US Philly Fed Manufacturing Index- 14:00 GMT<br \/>\n\u2022\tAnalysts are predicting today\u2019s figure to come in at -4.7, which would signal worsening conditions in the US manufacturing sector<br \/>\n\u2022\tIf the figure comes in above -4.7, investor confidence in the US economy could go up, which may lead to dollar gains during the afternoon session<\/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 dollar hit a fresh one-month high against the JPY last night, as investor confidence in the US economic recovery remained high following strong US retail sales reports earlier in the week. Crude oil also came within reach of a three-month high last night, after a US inventory report yesterday came in below &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/16\/market-review-16-8-12\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Market Review 16.8.12&#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-31648","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31648","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=31648"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31648\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=31648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=31648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=31648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}