{"id":11551,"date":"2010-07-29T08:26:04","date_gmt":"2010-07-29T12:26:04","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11551"},"modified":"2010-07-29T08:26:04","modified_gmt":"2010-07-29T12:26:04","slug":"disappointing-macro-overshadowed-good-corporate-earnings","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/29\/disappointing-macro-overshadowed-good-corporate-earnings\/","title":{"rendered":"Disappointing Macro Overshadowed Good Corporate Earnings"},"content":{"rendered":"<p><strong>By Natalie R.<\/strong> &#8211; Yesterday\u2019s trading ended flat for the EUR\/USD pair but volatility  was high. Traders moved from selling the EUR before European session  started, to buying the EUR before U.S. trading session started and  eventually the pair finished near the day opening rate. The pair ranged  $1.2965 to $1.3040.<\/p>\n<p>Any move below 1.2965, would signal a  correction while any move above 1.3040 would signal another rally. Other  currencies such as the EUR\/JPY and USD\/JPY are beginning to form  correction signals.<\/p>\n<p>It is still early to decide if yesterday was a beginning of a  correction or a single day of profit taking. Looking for today, lack of  important news events is expected to keep trading calm as analysts\u2019  learn yesterday\u2019s data, but tomorrow more news from the U.S. should put  more light on the economy.<\/p>\n<p>Volatility should rise toward next week which is the first week of  August and hold plenty of macro data and important news events. Traders  should start to plan trades and positions for next week as it is going  have a lot of impact on currencies and we are likely to wildness large  movements in prices.<\/p>\n<p>Here is a roundup of the day\u2019s main economic indicators:<\/p>\n<p>\u2022\u00a0<strong><span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.forexyard.com\/en\/calendar\" target=\"_blank\">12:30 GMT, U.S. Unemployment Claims <\/a><\/span><\/strong>\u2013  This report measures the number of individuals who filed for  unemployment insurance for the first time during the past week. If the  end result will be lower than the expected 457,000 \u2013 the Dollar might  rise against the majors.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><span style=\"text-decoration: underline;\">Forex                               Yard.<\/span><\/a><\/strong><\/em><\/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 Natalie R. &#8211; Yesterday\u2019s trading ended flat for the EUR\/USD pair but volatility was high. Traders moved from selling the EUR before European session started, to buying the EUR before U.S. trading session started and eventually the pair finished near the day opening rate. The pair ranged $1.2965 to $1.3040. Any move below 1.2965, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/07\/29\/disappointing-macro-overshadowed-good-corporate-earnings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Disappointing Macro Overshadowed Good Corporate Earnings&#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-11551","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11551","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=11551"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11551\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}