{"id":10101,"date":"2010-06-09T08:24:27","date_gmt":"2010-06-09T12:24:27","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10101"},"modified":"2010-06-09T08:24:27","modified_gmt":"2010-06-09T12:24:27","slug":"euro-climbs-prior-to-bernanke-testimony-gold-falls-from-record-high","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/09\/euro-climbs-prior-to-bernanke-testimony-gold-falls-from-record-high\/","title":{"rendered":"Euro Climbs Prior to Bernanke Testimony, Gold Falls from Record High"},"content":{"rendered":"<p><strong>By <strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard<\/a> &#8211; <\/strong><\/strong>The Euro pushed higher in the morning hours of the European trading  session as the EUR\/USD tests the 1.1990 resistance level. This follows  the release of better than expected Japanese industrial data. The dollar  was lower prior to testimony by Federal Reserve Chairman Ben Bernanke&#8217;s  this afternoon.<\/p>\n<p>The EUR\/USD was higher at 1.1980 after opening the day at 1.1953. The  Cable was higher at 1.4500 from an opening day price of 1.4427, while  the USD\/JPY was unchanged.<\/p>\n<p>Traders are expecting to hear positive remarks regarding the recovery  of the U.S. economy in the Fed Chief&#8217;s testimony before Congress. The  Fed&#8217;s Beige Book is due to be released today. Strong numbers could help  to boost risk sentiment in the face of the European fiscal troubles.  This would help higher yielding currencies such as the euro and the  Aussie dollar.<\/p>\n<p>Earlier today the mood in the market was set by better than expected  economic data as Japanese core machine orders surprised traders with an  output of 4.0% on expectations of a rise of only 1.2%.<\/p>\n<p>Spot gold has fallen today following yesterday&#8217;s new record high  price of $1251.76. The price of spot gold is down at $1235.<\/p>\n<p>Spot crude oil is trading higher at $72.45 prior to the release of  the weekly crude oil inventory report at 14:30 GMT today. The next  resistance level for the commodity rests at $75.45.<\/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 ForexYard &#8211; The Euro pushed higher in the morning hours of the European trading session as the EUR\/USD tests the 1.1990 resistance level. This follows the release of better than expected Japanese industrial data. The dollar was lower prior to testimony by Federal Reserve Chairman Ben Bernanke&#8217;s this afternoon. The EUR\/USD was higher at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/09\/euro-climbs-prior-to-bernanke-testimony-gold-falls-from-record-high\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Euro Climbs Prior to Bernanke Testimony, Gold Falls from Record High&#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-10101","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10101","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=10101"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10101\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}