{"id":34001,"date":"2012-12-05T05:17:42","date_gmt":"2012-12-05T10:17:42","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/12\/market-review-5-12-12\/"},"modified":"2012-12-05T05:17:42","modified_gmt":"2012-12-05T10:17:42","slug":"market-review-5-12-12","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/12\/05\/market-review-5-12-12\/","title":{"rendered":"Market Review 5.12.12"},"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>Encouraging signs that Greece is closer to receiving a new round of bailout funds, combined with positive Spanish economic data, led to risk taking in overnight trading.<span><\/span>  Higher-yielding currencies and commodities, including the euro, Australian dollar and gold were able to benefit from the news.  <\/p>\n<p>Meanwhile, speculations that Japan will soon unveil a new round of monetary stimulus caused the USD\/JPY to spike during the Asian session.  The pair was able to gain close to 50 pips, eventually peaking at 82.33.  A slight downward correction during early morning trading brought the greenback to its current level of 82.22.<\/p>\n<p><strong>Main News for Today<br \/>\n<\/strong><br \/>\nUS ADP Non-Farm Employment Change-13:15 GMT<br \/>\n\u2022\tThe ADP figure is considered a valid predictor of Friday\u2019s all-important Non-Farm Payrolls data<br \/>\n\u2022\tAnalysts are forecasting today\u2019s news to come in at 129K, significantly below last month\u2019s 158K<br \/>\n\u2022\tA worse than expected result today could lead to the USD\/JPY giving up some of its recent gains<\/p>\n<p>USD ISM Non-Manufacturing PMI- 15:00 GMT<br \/>\n\u2022\tToday\u2019s PMI is forecasted to come in below last month\u2019s<br \/>\n\u2022\tA worse than expected result may lead to dollar losses during afternoon trading<\/p>\n<p>US Crude Oil Inventories- 15:30 GMT<br \/>\n\u2022\tToday\u2019s inventories figure is forecasted to show an increase in American oil consumption over the last week<br \/>\n\u2022\tShould the figure come in below the expected -0.4M, the price of oil could increase 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 Encouraging signs that Greece is closer to receiving a new round of bailout funds, combined with positive Spanish economic data, led to risk taking in overnight trading. Higher-yielding currencies and commodities, including the euro, Australian dollar and gold were able to benefit from the news. Meanwhile, speculations that Japan will soon unveil a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/12\/05\/market-review-5-12-12\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Market Review 5.12.12&#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-34001","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/34001","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=34001"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/34001\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=34001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=34001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=34001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}