{"id":11663,"date":"2010-08-03T09:39:07","date_gmt":"2010-08-03T13:39:07","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11663"},"modified":"2010-08-03T09:39:07","modified_gmt":"2010-08-03T13:39:07","slug":"forex-market-review-daily-forex-analysis-2010-08-03","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/03\/forex-market-review-daily-forex-analysis-2010-08-03\/","title":{"rendered":"Forex Market Review: Daily Forex Analysis 2010-08-03"},"content":{"rendered":"<p><span style=\"text-decoration: underline;\"><strong><a href=\"http:\/\/system.referforex.com\/processing\/clickthrgh.asp?btag=a_1391b_3739\" target=\"_blank\"><strong>Forex  Market Review &amp; Analysis by         Finexo.com<\/strong><\/a><\/strong><\/span><\/p>\n<p><strong>EUR\/USD<\/strong><\/p>\n<p>The Euro eased slipped from a 3-month high against the Dollar this morning, as concerns eased over the strength of the U.S. economic recovery.\u00a0 Yesterday, Federal Reserve Chairman Ben S. Bernanke stated that the economy \u201cis now expanding at a moderate pace.\u201d The Fed Chairman went on to say, at the Southern Legislative Conference, that while the U.S. has \u201ca considerable way to go\u201d for a full recovery, \u201crising demand from households and businesses should help sustain growth&#8221; and that rising wages will most likely propel household spending in the next few quarters. The single European fell to $1.3149 during the late Asian session, a daily low.<\/p>\n<p>Up ahead today, the U.S National Association of Realtors will release the number pending home sales. Last month, the number plunged by 30%, after a government homebuyer tax credit expired. This time around, a correction is expected \u2013 which could provide a boost to the weakened Dollar.<\/p>\n<p><strong>AUD\/USD<\/strong><\/p>\n<p>The Australian Dollar fell against all its major currency counterparts after the Australian central bank opted to hold interest rates steady for a third consecutive month. RBA Governor Glenn Stevens held the overnight cash rate at 4.5%, in line with market expectations, after slower inflation and reduced financial risks abroad left the central bank with little need to further tighten its monetary policy. Following the announcement, the Aussie slipped to $0.9112, down 0.1% from the day&#8217;s opening price, but up from $0.9095 before the decision. Two government reports, released before the rate announcement, showed that building approvals unexpectedly fell in June and retail sales rose less than predicted.<\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"http:\/\/system.referforex.com\/processing\/clickthrgh.asp?btag=a_1391b_3739\" target=\"_blank\"><strong>Forex  Market Review &amp; Analysis by         Finexo.com<\/strong><\/a><\/span><\/p>\n<p>Disclaimer: Trading the foreign exchange (Forex) carries a high level               of risk, and may not be suitable for all investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian Dollar fell against all its major currency counterparts after the Australian central bank opted to hold interest rates steady for a third consecutive month. RBA Governor Glenn Stevens&#8230;<\/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-11663","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11663","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=11663"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11663\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}