{"id":32704,"date":"2012-10-03T06:01:17","date_gmt":"2012-10-03T10:01:17","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/10\/market-review-3-10-12\/"},"modified":"2012-10-03T06:01:17","modified_gmt":"2012-10-03T10:01:17","slug":"market-review-3-10-12","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/10\/03\/market-review-3-10-12\/","title":{"rendered":"Market Review 3.10.12"},"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>After the EUR\/USD took moderate losses in overnight trading, eventually reaching as low as 1.2876, the pair was able to bounce back during the early morning session and is currently at 1.2925.<span><\/span>  Crude oil extended yesterday\u2019s downward trend last night, as investor fears about the global economic recovery continue to generate fears that global demand could continue moving down.  The commodity has fallen well over $1 a barrel since yesterday afternoon and is currently trading around the $91.50 level.  The price of gold has remained relatively unchanged for the last 24 hours, and is currently trading around the $1776 level.<\/p>\n<p><strong>Main News for Today<br \/>\n<\/strong><br \/>\nUS ADP Non-Farm Employment Change- 12:15 GDP<br \/>\n\u2022\tThe indicator is considered a valid predictor of Friday\u2019s all-important Non-Farm Payrolls report<br \/>\n\u2022\tToday\u2019s news is forecasted to come in at 145K, well below last month\u2019s figure of 201K<br \/>\n\u2022\tAny worse than expected news could weigh down on the USD\/JPY<\/p>\n<p>US ISM Non-Manufacturing PMI- 14:00 GMT<br \/>\n\u2022\tForecasted to come in slightly below last month\u2019s figure<br \/>\n\u2022\tShould the indicator come in above the expected 53.2, risk taking among investors could boost the euro<\/p>\n<p>US Crude Oil Inventories- 14:30 GMT<br \/>\n\u2022\tForecasted to come in at 1.6M, significantly higher than last week\u2019s -2.4M<br \/>\n\u2022\tIf the news comes in above expectations, it may be taken as a sign that demand in the US is weakening which could result in the price of oil dropping<\/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 After the EUR\/USD took moderate losses in overnight trading, eventually reaching as low as 1.2876, the pair was able to bounce back during the early morning session and is currently at 1.2925. Crude oil extended yesterday\u2019s downward trend last night, as investor fears about the global economic recovery continue to generate fears that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/10\/03\/market-review-3-10-12\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Market Review 3.10.12&#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-32704","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/32704","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=32704"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/32704\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=32704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=32704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=32704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}