{"id":31947,"date":"2012-08-29T04:44:22","date_gmt":"2012-08-29T08:44:22","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/08\/market-review-29-8-2012\/"},"modified":"2012-08-29T04:44:22","modified_gmt":"2012-08-29T08:44:22","slug":"market-review-29-8-2012","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/29\/market-review-29-8-2012\/","title":{"rendered":"Market Review 29.8.2012"},"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>As investors anxiously await news regarding possible action by both the Fed and ECB to boost the US and euro-zone economic recoveries, higher yielding assets were able to maintain their recent gains in overnight trading. <span><\/span> The EUR\/USD dropped close to 15 pips, but remained within reach of a recent seven-week high of 1.2588.  Gold advanced close to $4 an ounce last night, reaching as high as 1669.67, just below a recent 4 \u00bd month high of $1676.64.<\/p>\n<p><strong>Main News for Today<\/strong><\/p>\n<p>US Prelim GDP- 12:30 GMT<br \/>\n\u2022\tForecasted to show slight improvements in the US economy<br \/>\n\u2022\tIf true, the dollar could see gains against the yen and euro during mid-day trading<\/p>\n<p>US Pending Home Sales- 14:00 GMT<br \/>\n\u2022\tExpected to come in at 1.1%, significantly higher than last month\u2019s -1.4%<br \/>\n\u2022\tIf true, the dollar could reverse some of its recent losses against currencies like the EUR, CAD and CHF<\/p>\n<p>US Crude Oil Inventories- 14:30 GMT<br \/>\n\u2022\tCrude oil has been trading steadily around the $96 a barrel level in recent days<br \/>\n\u2022\tIf today\u2019s news comes in below the forecasted -1.1M, it may be a sign of increased demand in the US, which could boost the price of oil <\/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 As investors anxiously await news regarding possible action by both the Fed and ECB to boost the US and euro-zone economic recoveries, higher yielding assets were able to maintain their recent gains in overnight trading. The EUR\/USD dropped close to 15 pips, but remained within reach of a recent seven-week high of 1.2588. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/29\/market-review-29-8-2012\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Market Review 29.8.2012&#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-31947","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31947","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=31947"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31947\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=31947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=31947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=31947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}