{"id":14499,"date":"2010-10-26T08:13:27","date_gmt":"2010-10-26T12:13:27","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=14499"},"modified":"2010-10-26T08:13:27","modified_gmt":"2010-10-26T12:13:27","slug":"forex-news-usd-down-despite-jump-in-home-sales","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/26\/forex-news-usd-down-despite-jump-in-home-sales\/","title":{"rendered":"Forex News: USD Down despite Jump in Home Sales"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The US dollar traded lower yesterday contrary to the positive data  releases coming from the American housing sector. The greenback pushed  its way back to 15-year lows against the Japanese yen, and saw declines  against the Aussie dollar and euro as well. Traders are anticipating a  monetary easing policy by the Fed and this has pressure pushing against  any positive news from the US.<\/p>\n<p>Here is a roundup of the events to watch for today:<\/p>\n<p><strong>8:30 GMT: GBP \u2013 Prelim GDP q\/q<\/strong><\/p>\n<p>British GDP has been steady for the past few months, but growth  remains slow and inflation persists in being a concern for British  policy-makers. Today\u2019s figures should show positive growth in this  quarter\u2019s GDP, but may indicate a general slow-down. The pound is likely  to see some downward movement if the figure comes out as low as  forecasts, but should remain bullish against the US dollar due to  speculation of a Fed monetary move in the near future.<\/p>\n<p><strong>14:00 GMT: USD \u2013 CB Consumer Confidence<\/strong><\/p>\n<p>The Conference Board (CB) is set to publish its consumer confidence  figures for October today. This figure has been in a gradual decline for  the past few months, but expectations are for a minor increase this  month. If the figures come out much better than expected, then the USD  may get a respite from its latest downturn. Traders should bear in mind,  however, that speculation still has the greenback bearish in  expectation of a money printing policy being enacted by the Fed after  their next policy meeting on November 2-3.<\/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>British GDP has been steady for the past few months, but growth remains slow and inflation persists in being a concern for British policy-makers. Today\u2019s figures should show positive growth in this quarter\u2019s GDP, but may indicate a general slow-down. The pound is likely to see some downward movement<\/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-14499","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14499","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=14499"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14499\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=14499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=14499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=14499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}