{"id":12554,"date":"2010-09-01T08:15:23","date_gmt":"2010-09-01T12:15:23","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12554"},"modified":"2010-09-01T08:15:23","modified_gmt":"2010-09-01T12:15:23","slug":"will-crude-oil-reach-a-2-month-low","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/01\/will-crude-oil-reach-a-2-month-low\/","title":{"rendered":"Will Crude Oil Reach A 2-Month Low?"},"content":{"rendered":"<p><strong>By Yan Petters<\/strong> &#8211; The sharpest trend that was observed during yesterday\u2019s trading is  bearish crude oil. Crude oil has erased almost all of this week\u2019s gains,  and has bottomed at $71.52 a barrel. Crude oil is dropping due to  concerns that the U.S.  economy, the world\u2019s largest oil consumer, is  not recovering as fast as it should. Several leading economic  publications from the U.S. have recently failed to reach expectations,  and it is now commonly agreed that the recovery pace is slower than  estimates.<\/p>\n<p>However, this trend might reverse today, as a heavy news day, especially from the U.S. economy is expected.<\/p>\n<p>Here are today\u2019s leading news events:<\/p>\n<p>\u2022\t08:30 GMT, British Manufacturing Purchasing Managers\u2019 Price Index  (PMI \u2013 It is a survey of about 600 purchasing managers who are asked to  rate their current business conditions. If the end result will beat  expectations for 57.1, the GBP might be supported.<\/p>\n<p>\u2022\t12:15 GMT, U.S. ADP Non-Farm Employment Change \u2013 It is an  estimation of the Non-Farm Payrolls release which is expected by Friday.  The ADP forecast is considered to be very reliable, and thus tends to  have a large impact on the market. If the end result will be positive,  the dollar might be boosted as a result.<\/p>\n<p>\u2022\t14:00 GMT, U.S. ISM Manufacturing Purchasing Managers\u2019 Index (PMI) \u2013  This indicator is similar to the British one. Analysts have forecasted  that the result will be 53.2. A higher result might support the dollar.<\/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 Yan Petters &#8211; The sharpest trend that was observed during yesterday\u2019s trading is bearish crude oil. Crude oil has erased almost all of this week\u2019s gains, and has bottomed at $71.52 a barrel. Crude oil is dropping due to concerns that the U.S. economy, the world\u2019s largest oil consumer, is not recovering as fast &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/01\/will-crude-oil-reach-a-2-month-low\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Will Crude Oil Reach A 2-Month Low?&#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-12554","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12554","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=12554"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12554\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}