{"id":60458,"date":"2014-09-16T12:32:41","date_gmt":"2014-09-16T16:32:41","guid":{"rendered":"http:\/\/countingpips.com\/?p=60458"},"modified":"2014-09-16T14:04:05","modified_gmt":"2014-09-16T18:04:05","slug":"afternoon-round-up-a-slightly-quieter-tuesday","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/09\/afternoon-round-up-a-slightly-quieter-tuesday\/","title":{"rendered":"Afternoon round up \u2013 A slightly quieter Tuesday\u2026"},"content":{"rendered":"
September 16, 2014<\/div>
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Article by ForexTime<\/a><\/p>\n

Despite relatively high-risk economic data being released during Tuesday\u2019s European session, a noticeable lower level of noise has occurred in the currency markets today.<\/p>\n

This is slightly strange considering that both the German ZEW Survey and UK CPI (Inflation) are perceived as crucial economic indicators for their respective economies \u2013 but could be linked to investors keeping an eye out for Wednesday\u2019s FOMC Decision and of course, the Scottish referendum this coming Thursday.<\/p>\n

Starting with the Euro, the latest German ZEW Survey missed expectations while also showing its ninth successive decline.<\/p>\n

This quietened hopes that German economic data was returning to some level of consistency following recent German Factory Orders and Trade Balance impressing. Although the EURUSD declined on the release, the pair is currently trading at 1.2974.<\/p>\n

The most likely reason for the pair appreciating at present could be due to investors taking profit in the USD, in fear of a dovish FOMC statement tomorrow evening. Still the EURUSD is continuing to find resistance between the 1.2960 and 1.2987 area, suggesting that a \u201cceiling\u201d might be in place for this pair at present.<\/p>

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Moving onto the United Kingdom, the latest CPI (Inflation) release declined to 1.5% from 1.6% \u2013 encouraging the GBPUSD to drop as low as 1.6161.<\/p>\n

The Bank of England (BoE) has set a long-term 2% inflation target, and this release will mean no pressure will be put on a BoE rate hike next month. Further volatility is expected in the Cable over the next 48 hours with the latest BoE Minutes released on Wednesday and then the Scottish referendum this coming Thursday.<\/p>\n

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Written by Jameel Ahmad, Chief Market Analyst at FXTM.<\/b><\/p>\n

For more information please visit: Forex Time<\/a><\/p>\n

Disclaimer:<\/b> The content in this article comprises personal opinions and ideas and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime Ltd, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/p>\n

Risk Warning:<\/b> There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.<\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n

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Article by ForexTime Despite relatively high-risk economic data being released during Tuesday\u2019s European session, a noticeable lower level of noise has occurred in the currency markets today. This is slightly strange considering that both the German ZEW Survey and UK CPI (Inflation) are perceived as crucial economic indicators for their respective economies \u2013 but could […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-60458","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=60458"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60458\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=60458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=60458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=60458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}