{"id":10977,"date":"2010-07-09T08:15:01","date_gmt":"2010-07-09T12:15:01","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10977"},"modified":"2010-07-09T08:15:01","modified_gmt":"2010-07-09T12:15:01","slug":"eur-bullish-trend-set-to-continue","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/09\/eur-bullish-trend-set-to-continue\/","title":{"rendered":"EUR Bullish Trend Set to Continue"},"content":{"rendered":"<p><strong>By Dan Eduard<\/strong> &#8211; The euro seems to be locked into a bullish trend as investor  confidence in the global economic recovery seems to be on the rise.  How  long this trend lasts will largely be determined by economic indicators  from around the world.<\/p>\n<p>Here is a roundup of the days main  events:<\/p>\n<p><strong>8:30 GMT GBP \u2013 PPI Input<\/strong><\/p>\n<p>While being more volatile than the CPI, producer prices have also  exceeded expectations, showing that inflation is on the rise in the U.K.  Following last month\u2019s drop of 0.6% in PPI Input (the main figure), a  rise is expected now. Also PPI Output is expected to rise and boost the  Pound.<\/p>\n<p>Assuming that the PPI Input comes in at its forecasted level of 0.1%,  traders can assume that the GBP will make some gains against its main  currency rivals throughout today\u2019s trading.  At the same time, if a  negative figure is released, investors may turn to safe-haven assets,  thereby boosting the USD.<\/p>\n<p><strong>12:15 GMT CAD \u2013 Housing Starts<\/strong><\/p>\n<p>The Housing Starts Report is an annualized number of new residential  buildings that began construction during the previous month. This figure  might be disregarded if there\u2019s a big surprise in the employment data.  After topping 200K, the number of starts slowed down and dropped to 189K  last month, causing some worries. We\u2019ll now see if this was a one time  drop or a change of trend for USD\/CAD.<\/p>\n<p>Should the Housing Starts figure come in at the forecasted 193K,  traders can assume the CAD will move up against the greenback in  afternoon trading. That being said, an unexpected drop could help the  USD after a fairly bearish week.<\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by <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 Dan Eduard &#8211; The euro seems to be locked into a bullish trend as investor confidence in the global economic recovery seems to be on the rise. How long this trend lasts will largely be determined by economic indicators from around the world. Here is a roundup of the days main events: 8:30 GMT &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/07\/09\/eur-bullish-trend-set-to-continue\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR Bullish Trend Set to Continue&#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-10977","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10977","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=10977"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10977\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}