{"id":10445,"date":"2010-06-22T08:10:56","date_gmt":"2010-06-22T12:10:56","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10445"},"modified":"2010-06-22T08:10:56","modified_gmt":"2010-06-22T12:10:56","slug":"has-the-euro-finished-its-recent-rally","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/22\/has-the-euro-finished-its-recent-rally\/","title":{"rendered":"Has the Euro Finished its Recent Rally?"},"content":{"rendered":"<p><strong>By Peter Robinson<\/strong> &#8211; The Euro might have ended its two weeks rally against the greenback  yesterday. After a good start the Eur\/Usd almost hit $1.2500. The pair  rally ended straight after Fitch Ratings\u2019 rating agency downgraded BNP  French bank rating.<\/p>\n<p>The most significant data today will  published at 14:00GMT, U.S. Existing Home Sales, if the figure is lower  than expectation this might add to market fears about the U.S. economy  which could hit a double dip recession. Right after, treasury Secretary  Geithner would address the public and should provide information  regarding U.S. plans to end Relief Programs.<\/p>\n<p><strong>09:00 GMT EUR German Ifo Business Climate<\/strong><\/p>\n<p>&#8211; A survey about business conditions and expectations for the next 6  months. The report is a leading indicator of economic health in Germany  released monthly. Analysts forecast that the index would decrease to  101.2 compared to the previous month, which came 101.5. Any better than  expected result could benefit with the EUR.<\/p>\n<p><strong>14:00 GMT USD Existing Home Sales<\/strong><\/p>\n<p>&#8211; This sector has seen a strong rise due to government programs which  recently ended. Forecast are at 6.17 which is higher than previous  data. If the data is indeed at that level in spite of the end of  government subsidies it would support riskier currencies. Some highly  regarded analysts still believe the U.S. housing market is yet to  deteriorate before gradually improving in the future.<\/p>\n<p><strong>14:00 GMT USD Treasury Sec Geithner Speaks<\/strong><\/p>\n<p>&#8211; Fed policymakers will be making public comments again in the  post-FOMC meeting period. The focus will range from monetary policy to  financial system regulation. The speech will have a direct market impact  as traders will be watching for clues regarding future monetary policy.<\/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 Peter Robinson &#8211; The Euro might have ended its two weeks rally against the greenback yesterday. After a good start the Eur\/Usd almost hit $1.2500. The pair rally ended straight after Fitch Ratings\u2019 rating agency downgraded BNP French bank rating. The most significant data today will published at 14:00GMT, U.S. Existing Home Sales, if &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/22\/has-the-euro-finished-its-recent-rally\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Has the Euro Finished its Recent Rally?&#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-10445","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10445","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=10445"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10445\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}