{"id":34145,"date":"2012-12-07T05:25:28","date_gmt":"2012-12-07T10:25:28","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/12\/market-review-7-12-12\/"},"modified":"2012-12-07T05:25:28","modified_gmt":"2012-12-07T10:25:28","slug":"market-review-7-12-12","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/12\/07\/market-review-7-12-12\/","title":{"rendered":"Market Review 7.12.12"},"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>The euro extended its bearish trend during overnight trading, as a decrease in euro-zone growth forecasts continued to weigh down on the common-currency. <span><\/span> The EUR\/USD, currently trading below 1.2940, has fallen close to 140 pips since mid-day trading yesterday.  <\/p>\n<p>The US dollar took slight losses against the Japanese yen during Asian trading, but was able to largely maintain its recent gains as investors hesitated to open large positions ahead of key US employment data today.  The USD\/JPY, currently trading at 82.38, fell some 15 pips last night.<\/p>\n<p><strong>Main News for Today<br \/>\n<\/strong><br \/>\nECB President Draghi Speaks- 10:00 GMT<br \/>\n\u2022\tThe euro turned bearish yesterday largely due to speculations that the ECB is considering an EU interest rate cut due to decreased economic growth expectations<br \/>\n\u2022\tAny mention of a possible interest rate cut in Draghi\u2019s speech today could result in additional euro losses<\/p>\n<p>US Non-Farm Employment Change- 13:30 GMT<br \/>\n\u2022\tThe Non-Farm Employment Change is widely considered the most significant event on the forex calendar<br \/>\n\u2022\tAnalysts are forecasting today\u2019s indicator to come in well below last month\u2019s<br \/>\n\u2022\tAny worse than expected news could result in losses for higher-yielding assets, including the euro, gold and crude oil<\/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 extended its bearish trend during overnight trading, as a decrease in euro-zone growth forecasts continued to weigh down on the common-currency. The EUR\/USD, currently trading below 1.2940, has fallen close to 140 pips since mid-day trading yesterday. The US dollar took slight losses against the Japanese yen during Asian trading, but &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/12\/07\/market-review-7-12-12\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Market Review 7.12.12&#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-34145","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/34145","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=34145"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/34145\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=34145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=34145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=34145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}