{"id":10046,"date":"2010-06-08T07:49:31","date_gmt":"2010-06-08T11:49:31","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10046"},"modified":"2010-06-08T07:49:31","modified_gmt":"2010-06-08T11:49:31","slug":"currencies-react-to-lower-equities","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/08\/currencies-react-to-lower-equities\/","title":{"rendered":"Currencies React to Lower Equities"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong> &#8211; Negative market sentiment that carried over from last Friday\u2019s  trading session, where the U.S. Non-Farm Payrolls failed to meet market  expectations, is weighing on the Majors. A lack of economic data on the  calendar holds the current trading environment in place.<\/p>\n<p>The major indices have been lower, with  the DAX down 0.57% and the S&amp;P 500 lower by 1.35%. As such, traders  have been moving back into the US Dollar following the declines in  equities on safe-haven buying.<\/p>\n<p><em>Today\u2019s News Events<\/em>:<\/p>\n<p>\u2022\tEUR \u2013 10:00 GMT German Industrial Production m\/m<br \/>\nExpectations:  0.7%. Previous:  4.0%<\/p>\n<p>\u2022\tCAD \u2013 12:15 GMT Housing Starts<br \/>\nExpectations:  203K Previous:  201K<\/p>\n<p>&#8211; Reduced risk sentiment could send the EUR\/USD lower towards the  next support level at 1.1830.<\/p>\n<p>&#8211; The next support line for the USD\/JPY rests at 91.00.<\/p>\n<p>&#8211; A breach below the $69.50 support level could drag the price of  spot crude oil lower to the support of $67.00.<\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex     Yard.<\/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>By Russell Glaser &#8211; Negative market sentiment that carried over from last Friday\u2019s trading session, where the U.S. Non-Farm Payrolls failed to meet market expectations, is weighing on the Majors. A lack of economic data on the calendar holds the current trading environment in place. The major indices have been lower, with the DAX down &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/08\/currencies-react-to-lower-equities\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Currencies React to Lower Equities&#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-10046","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10046"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10046\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}