{"id":33419,"date":"2012-11-08T04:25:07","date_gmt":"2012-11-08T09:25:07","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/11\/market-review-8-11-12\/"},"modified":"2012-11-08T04:25:07","modified_gmt":"2012-11-08T09:25:07","slug":"market-review-8-11-12","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/11\/08\/market-review-8-11-12\/","title":{"rendered":"Market Review 8.11.12"},"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 euro fell to a one-month low against the Japanese yen and a two-month low vs. the US dollar during overnight trading<span><\/span>, as fears regarding an impending deadline for the US congress to reach a deal to prevent drastic budget cuts and tax increases, led to risk aversion in the marketplace.  The so called \u201cfiscal cliff\u201d, set to occur at the end of the year, threatens to send the US back into recession if a deal cannot be reached in time.   <\/p>\n<p>Gold, which received a substantial boost after Barack Obama won the US presidential election, was able to largely maintain its recent gains last night.  The precious metal spent most of the night trading around the $1718 level.<\/p>\n<p><strong>Main News for Today<\/strong><\/p>\n<p>ECB Press Conference- 13:30 GMT<br \/>\n\u2022\tThe press conference typically serves as a platform for the ECB to discuss the state of the euro-zone economic recovery<br \/>\n\u2022\tShould EU officials voice any pessimism regarding either the Spanish or Greek economies, risk aversion could send the euro down further<\/p>\n<p>US Unemployment Claims- 13:30 GMT<br \/>\n\u2022\tUnemployment claims is forecasted to come in at 367K, slightly higher than last week\u2019s data<br \/>\n\u2022\tShould the figure come in below its forecasted level, the dollar could receive a boost against the yen during afternoon trading<\/p>\n<p>US Trade Balance- 13:30 GMT<br \/>\n\u2022\tTrade balance is forecasted to come in slightly worse than last month\u2019s<br \/>\n\u2022\tAny worse than expected data could lead to dollar losses 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 euro fell to a one-month low against the Japanese yen and a two-month low vs. the US dollar during overnight trading, as fears regarding an impending deadline for the US congress to reach a deal to prevent drastic budget cuts and tax increases, led to risk aversion in the marketplace. The so &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/11\/08\/market-review-8-11-12\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Market Review 8.11.12&#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-33419","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/33419","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=33419"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/33419\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=33419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=33419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=33419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}