{"id":12600,"date":"2010-09-02T08:35:07","date_gmt":"2010-09-02T12:35:07","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12600"},"modified":"2010-09-02T08:35:07","modified_gmt":"2010-09-02T12:35:07","slug":"eur-and-gbp-boosted-due-to-higher-risk-appetite","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/02\/eur-and-gbp-boosted-due-to-higher-risk-appetite\/","title":{"rendered":"EUR and GBP Boosted due to Higher Risk Appetite"},"content":{"rendered":"<p><strong>By Dan Eduard<\/strong> &#8211; Upbeat US data gave riskier currencies a rare boost yesterday, as  investor confidence in the global economic recovery went up. A batch of  new data today will largely determine whether the currencies like the  euro and UK pound will be able to extend their gains.<\/p>\n<p><em>Here is a roundup of the day\u2019s main news events<\/em>:<\/p>\n<p><strong>11:45 GMT: EUR Minimum Bid Rate<\/strong><\/p>\n<p>The <a href=\"http:\/\/www.forexyard.com\/en\/calendar\">Minimum Bid Rate<\/a> is the euro zone\u2019s short term interest rate for refinancing operations.  Interest rates are considered one of the more crucial indicators in any  economy, and as such, continuously lead to market volatility. While a  change from the existing 1.00% rate is not predicted, traders will want  to also pay attention to any surprises from the ECB press conference,  scheduled for 45 minutes after the rate is announced.<\/p>\n<p>Should the ECB voice any optimism regarding the pace of the euro zone  economic recovery, riskier currencies like the euro and sterling will  likely extend their bullish trends throughout the day. At the same time,  if the ECB voices pessimism regarding Europe\u2019s pace of recovery, safe  haven currencies like the USD could make a comeback.<\/p>\n<p><strong>12:30 GMT: USD Unemployment Claims<\/strong><\/p>\n<p>The US weekly <a href=\"http:\/\/www.forexyard.com\/en\/calendar\">Unemployment Claims<\/a> figure measures the number of people who filed for first-time  unemployment insurance over the last 7 days. With the employment  situation at the forefront of the US economic recovery, this figure has  consistently led to market volatility.<\/p>\n<p>Last week\u2019s unemployment figure came in slightly below expectations,  resulting in a boost for riskier currencies. This week, analysts are  predicting a slight increase in unemployment. If true, traders can  expect the safe haven currencies to stage a slight comeback in afternoon  trading. At the same time, this figure is notoriously difficult to  predict. Anything below the forecasted number may lead to risk taking,  and a boost for the euro.<\/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 Dan Eduard &#8211; Upbeat US data gave riskier currencies a rare boost yesterday, as investor confidence in the global economic recovery went up. A batch of new data today will largely determine whether the currencies like the euro and UK pound will be able to extend their gains. Here is a roundup of the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/02\/eur-and-gbp-boosted-due-to-higher-risk-appetite\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR and GBP Boosted due to Higher Risk Appetite&#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-12600","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12600","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=12600"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12600\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}