{"id":33580,"date":"2012-11-20T04:29:38","date_gmt":"2012-11-20T09:29:38","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/11\/market-review-20-11-12\/"},"modified":"2012-11-20T04:29:38","modified_gmt":"2012-11-20T09:29:38","slug":"market-review-20-11-12","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/11\/20\/market-review-20-11-12\/","title":{"rendered":"Market Review 20.11.12"},"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 saw moderate gains against the US dollar in overnight trading, as hopes that a deal will soon be reached to provide Greece with a new round of bailout funds led to risk taking.  After gaining close to 40 pips to trade as high as 1.2802, the EUR\/USD saw a slight downward correction and is now trading at 1.2790.<span><\/span><\/p>\n<p>The USD\/JPY fell close to 20 pips during Asian trading, after the BOJ announced that Japanese interest rates would remain at 0.10% for the time being.  The pair, which is currently trading at 81.15, remains within reach of its recent seven-month high of 81.59.<\/p>\n<p>After posting steady gains since last Friday, the price of crude oil fell close to $0.60 during the overnight session and is currently trading at $88.60 a barrel. That being said, analysts were quick to warn that any further escalation in the current round of Middle East violence could result in the commodity resuming its bullish trend.<\/p>\n<p><strong>Main News for Today<br \/>\n<\/strong><br \/>\nEurogroup Meetings- All Day<br \/>\n\u2022\tEuro-zone finance ministers will be meeting today to discuss the Greek economic situation<br \/>\n\u2022\tShould an agreement be reached to provide Greece with a new round of bailout funds, investors may shift their funds to riskier assets, which could boost the euro<\/p>\n<p>US Building Permits- 13:30 GMT<br \/>\n\u2022\tThe building permits indicator is forecasted to come in at 0.84M, slightly below last month\u2019s 0.87M<br \/>\n\u2022\tAny worse than expected data could lead to dollar losses against the yen<\/p>\n<p>Fed Chairman Bernanke Speaks- 17:15 GMT<br \/>\n\u2022\tThe Fed Chairman is scheduled to discuss the current pace of the US economic recovery<br \/>\n\u2022\tAny signs that the US economy is slowing down could lead to losses for the dollar, which may boost commodities like gold and silver as a result<\/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 saw moderate gains against the US dollar in overnight trading, as hopes that a deal will soon be reached to provide Greece with a new round of bailout funds led to risk taking. After gaining close to 40 pips to trade as high as 1.2802, the EUR\/USD saw a slight downward &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/11\/20\/market-review-20-11-12\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Market Review 20.11.12&#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-33580","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/33580","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=33580"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/33580\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=33580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=33580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=33580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}