{"id":33258,"date":"2012-11-01T05:36:34","date_gmt":"2012-11-01T09:36:34","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/11\/market-review-1-11-12\/"},"modified":"2012-11-01T05:36:34","modified_gmt":"2012-11-01T09:36:34","slug":"market-review-1-11-12","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/11\/01\/market-review-1-11-12\/","title":{"rendered":"Market Review 1.11.12"},"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 came within reach of a four-month high against the Japanese yen in overnight trading, fully recovering from the losses it took after Tuesday\u2019s announcement that the Bank of Japan was initiating a new round of monetary easing<span><\/span>.  After trading as high as 80.11, the USD\/JPY saw a minor downward correction to its current level of 79.99.<\/p>\n<p>Fears among investors regarding Greece\u2019s ability to institute new austerity measures required to secure the next round of a bailout package, caused the euro to take some losses in early morning trading.  The EUR\/USD fell close to 50 pips to trade as low as 1.2925 before bouncing back to its current level of 1.2945.<\/p>\n<p>Commodities and precious metals spent most of the overnight session range trading, as investors remain hesitant to open new positions before tomorrow\u2019s all-important US Non-Farm Payrolls figure is released.<\/p>\n<p><strong>Main News for Today<br \/>\n<\/strong><br \/>\nUS ADP Non-Farm Employment Change-12:15 GMT<br \/>\n\u2022\tThe indicator is considered a valid predictor of tomorrow\u2019s all-important Non-Farm Payrolls figure<br \/>\n\u2022\tAny better than expected news could give the US dollar an extra boost against the JPY<\/p>\n<p>US CB Consumer Confidence- 14:00 GMT<br \/>\n\u2022\tThis indicator was originally supposed to be released on Tuesday, but was postponed due to Hurricane Sandy<br \/>\n\u2022\tConsumer confidence is forecasted to have increased to 72.4 from 70.3 last month<br \/>\n\u2022\tAny better than expected data could boost riskier assets during the afternoon session<\/p>\n<p>US ISM Manufacturing PMI- 14:00 GMT<br \/>\n\u2022\tThe indicator is forecasted to come in slightly below last month\u2019s figure<br \/>\n\u2022\tWorse than expected news could boost the safe-haven yen <\/p>\n<p>US Crude Oil Inventories- 15:00 GMT<br \/>\n\u2022\tThis indicator was postponed from yesterday due to Hurricane Sandy<br \/>\n\u2022\tShould the news come in above the forecasted 1.9M, the price of oil could fall during afternoon trading<\/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 came within reach of a four-month high against the Japanese yen in overnight trading, fully recovering from the losses it took after Tuesday\u2019s announcement that the Bank of Japan was initiating a new round of monetary easing. After trading as high as 80.11, the USD\/JPY saw a minor downward correction to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/11\/01\/market-review-1-11-12\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Market Review 1.11.12&#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-33258","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/33258","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=33258"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/33258\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=33258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=33258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=33258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}