{"id":10157,"date":"2010-06-11T08:09:15","date_gmt":"2010-06-11T12:09:15","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10157"},"modified":"2010-06-11T08:09:15","modified_gmt":"2010-06-11T12:09:15","slug":"will-positive-markets-momentum-continue-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/11\/will-positive-markets-momentum-continue-today\/","title":{"rendered":"Will Positive Markets Momentum Continue Today?"},"content":{"rendered":"

By ForexYard<\/a><\/strong><\/strong><\/strong><\/span><\/strong> – Today the most anticipated weekly news event would determine markets direction today and possibly the beginning of next week trading. At 12:30GMT U.S. Core Retail Sales would give investors\u2019 a signal about economic recovery. Figure is forecasted at 0.1% rise, lower than previous figure which came at 0.4%, any positive surprise is likely to prolong recent up trend of riskier currencies such as the EUR, GBP, CAD, and Crude Oil. The opposite would happen if data turns worse than expected.<\/p>\n

Earlier today, UK reports would influence the first part of the trading session. UK Reports about Manufacturing Production and PPI Input, forecasted at 0.6% and -0.9% respectively are lower than the previous released. If data disappoints it may put an end to gbp\/usd and eur\/usd recent rally.<\/p>\n

Although no central bank speeches are expected today, traders should monitor the media for interviews. It seems lately that remarks by central banks chairman\u2019s or financial leaders have more impact over the markets than economic news.<\/p>\n

Traders are advised to follow the eur\/usd, gbp\/usd, Gold, Crude Oil and usd\/cad. These pairs and commodities have made substantial move yesterday and present an opportunity to profit, if they change direction, or if news are positive they might reach new weekly records.<\/p>\n

08:30 GMT GBP \u2013 Manufacturing Production
\nThe report is a leading indicator of economic health. During this time of growing fiscal debts, investor\u2019s are looking for signs of economic growth or at least economic stability. Positive data would support yesterday\u2019s Pound rally to end the week at weekly record high. Previous figure came at 0.1% above forecasts. Forecasts today are for 0.1% rise while previous figure is at 0.4%.<\/p>\n

08:30 GMT GBP \u2013 PPI Input
\nProducer Price index (PPI) report is released ahead of CPI, and is a good indicator of consumer inflation. While there are fears of deflation this figure would take of some of the uncertainty. Forecasts are at -0.9%, such figure is not a healthy signal for UK\u2019s economy, although it means that interest rates may remain low for some time.<\/p>\n

12:30 GMT USD \u2013 Core Retail Sales
\nCore Retail Sales is the most anticipated figure for this week. This figure is excluding car sales. It is a clear indicator about the U.S. economic health. Positive outcome would no doubt increase investors\u2019 confident and boost riskier currencies and market indices further. It measure consuming spending trends, when consumers spend economy should be growing.<\/p>\n

Forex Market Analysis<\/em> provided by\u00a0Forex Yard.<\/a><\/strong><\/p>\n

\u00a9 2006 by FxYard Ltd<\/p>\n

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":"

By ForexYard – Today the most anticipated weekly news event would determine markets direction today and possibly the beginning of next week trading. At 12:30GMT U.S. Core Retail Sales would give investors\u2019 a signal about economic recovery. Figure is forecasted at 0.1% rise, lower than previous figure which came at 0.4%, any positive surprise is … <\/p>\n

Continue reading “Will Positive Markets Momentum Continue Today?”<\/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-10157","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10157","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=10157"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10157\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}