{"id":12107,"date":"2010-08-17T06:39:04","date_gmt":"2010-08-17T10:39:04","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12107"},"modified":"2010-08-17T06:39:04","modified_gmt":"2010-08-17T10:39:04","slug":"news-heavy-day-to-drive-todays-forex-trading","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/17\/news-heavy-day-to-drive-todays-forex-trading\/","title":{"rendered":"News Heavy Day to Drive Today\u2019s Forex Trading"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong> &#8211; Yesterday\u2019s trading was influnced by the release of disappointing  Japanese Q2 GDP data, highlighting concerns of a choppy global economic  recovery. More significant data is due out today both from the U.S. and  Europe that will set the tone for risk taking in the <a href=\"http:\/\/www.forexyard.com\/en\/open-demo-account-forex-course\">forex markets<\/a>.<\/p>\n<p>GBP \u2013 CPI y\/y \u2013 08:30 GMT<br \/>\nExpectations: 3.1%. Previous: 3.2%.<br \/>\nWorries of stagflation are rising in Britain (a combination of slow  economic growth and rising inflation). Tomorrow\u2019s data release will be a  telling sign if this situation is indeed forming. Resistance for the  GBP\/USD is found at 1.5710.<\/p>\n<p>EUR \u2013 German ZEW Economic Sentiment\u2013 09:00<br \/>\nExpectations:  10.6. Previous: 10.7.<br \/>\nLast week Europe\u2019s largest economy surprised the market with better than  expected GDP data, helping to send the euro higher. Today\u2019s data  release could have the same affect. Support and resistance for the  EUR\/USD come in at last night\u2019s low of 1.2730 followed by the mid July  high of 1.3030.<\/p>\n<p>USD \u2013 Building Permits m\/m \u2013 12:30 GMT<br \/>\nExpectations: 0.58M. Previous 0.58M<br \/>\nKey housing data from the U.S. Recent housing economic releases from the  States have disappointed. This should be no exception. A negative  release has the potential to strengthen the dollar.<\/p>\n<p>USD \u2013 PPI m\/m \u2013 12:30 GMT<br \/>\nExpectations: 0.2%. Previous: -0.5%.<br \/>\nThe U.S. may be headed for deflation, or already in a deflationary  state. Disappointing PPI numbers may strengthen the USD 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\">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 Russell Glaser &#8211; Yesterday\u2019s trading was influnced by the release of disappointing Japanese Q2 GDP data, highlighting concerns of a choppy global economic recovery. More significant data is due out today both from the U.S. and Europe that will set the tone for risk taking in the forex markets. GBP \u2013 CPI y\/y \u2013 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/08\/17\/news-heavy-day-to-drive-todays-forex-trading\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;News Heavy Day to Drive Today\u2019s Forex Trading&#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-12107","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12107","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=12107"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12107\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}