{"id":12024,"date":"2010-08-13T08:25:33","date_gmt":"2010-08-13T12:25:33","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12024"},"modified":"2010-08-13T08:25:33","modified_gmt":"2010-08-13T12:25:33","slug":"forex-news-usd-rising-on-positive-growth-forecasts","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/13\/forex-news-usd-rising-on-positive-growth-forecasts\/","title":{"rendered":"Forex News: USD Rising on Positive Growth Forecasts?"},"content":{"rendered":"<p><strong>By Greg Holden<\/strong> &#8211; The U.S. dollar has been rising for the past four days against most  of its currency counterparts following statements by the Fed that  measures will be taken to counter recent weakness. Market data has  perked up slightly as a result and we could see further strength arising  out of news events to be released later today.<\/p>\n<p><em>Today\u2019s leading news events<\/em>:<\/p>\n<p><strong><a href=\"http:\/\/www.forexyard.com\/en\/calendar\">12:30 GMT: USD \u2013 Retail Sales \/ Core Retail Sales<\/a><\/strong><\/p>\n<p>&#8211; Retail sales is a figure which provides a look into the status of  the American consumer market, which in turn has a direct correlation  with the demand for American goods, and thus the American currency  required to purchase those goods.<\/p>\n<p>&#8211; Retail sales are expected to have been on the rise this past month,  and this data may already be playing a role in the recent rise of the  dollar as speculators price in this forecast. If today\u2019s numbers are in  line with forecasts, the USD could continue to gain strength going into  the weekend.<\/p>\n<p><strong><a href=\"http:\/\/www.forexyard.com\/en\/calendar\">13:55 GMT: USD \u2013 UoM Consumer Confidence<\/a><\/strong><\/p>\n<p>&#8211; The University of Michigan\u2019s consumer confidence report provides a  modest glimpse into the grass-roots rumblings taking place about the  American economy by small businesses and private consumers.<\/p>\n<p>&#8211; When this figure is rising, it points to a growth in confidence  about the future of the economy and signals that people are more willing  to purchase and expand, which in turn fuels growth, optimism,  employment, and demand; leading to a stronger USD. If the figure comes  in line with today\u2019s forecast, we could see the greenback rise a little  bit further before the market closes for the weekend.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/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 Greg Holden &#8211; The U.S. dollar has been rising for the past four days against most of its currency counterparts following statements by the Fed that measures will be taken to counter recent weakness. Market data has perked up slightly as a result and we could see further strength arising out of news events &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/08\/13\/forex-news-usd-rising-on-positive-growth-forecasts\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex News: USD Rising on Positive Growth Forecasts?&#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-12024","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12024","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=12024"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12024\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}