{"id":15497,"date":"2010-11-17T08:14:05","date_gmt":"2010-11-17T13:14:05","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15497"},"modified":"2010-11-17T08:14:05","modified_gmt":"2010-11-17T13:14:05","slug":"dollar-stronger-and-crude-oil-weaker-after-morning-trading","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/17\/dollar-stronger-and-crude-oil-weaker-after-morning-trading\/","title":{"rendered":"Dollar Stronger and Crude Oil Weaker After Morning Trading"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong> &#8211; Markets were quiet this morning during the European session as  Ireland is in the midst of talks with the EU and the IMF. This follows  yesterday\u2019s gains in the dollar and pullbacks in equities and  commodities.<\/p>\n<p>Talks began this morning between Ireland  and delegations from the EU and the IMF. The discussions surround a  potential bailout for Irish banks that are teetering on the edge of  insolvency and could push the Irish government into default. An aid  package is expected to be pieced together to prevent a default by the  banks or by Ireland. Despite the bailout talks, the EUR has seen little  support as the EUR\/USD is trading lower at 1.3490.<\/p>\n<p>Yesterday the EUR\/USD lost almost 1% and closed at the 1.3505 level  for the first time since September. Equities were also down sharply with  the Dow Jones Industrial Average losing 1.59%. Spot crude oil plunged  2.6%.<\/p>\n<p>During the upcoming New York trading session traders will be eyeing  the Irish bailout talks as well as US economic data set to be released.  US Core CPI is due to be released at 13:30 GMT with market expectations  set for a rise of barely 0.1%. The weekly crude oil inventory report is  also on tap for 15:30 GMT. The government\u2019s report has the ability to  support the price of spot crude that is trading lower on the day at  $82.10.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by<span style=\"text-decoration: underline;\"> <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/span><\/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>Markets were quiet this morning during the European session as Ireland is in the midst of talks with the EU and the IMF. This follows yesterday\u2019s gains in the dollar and pullbacks in equities and commodities.<\/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-15497","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15497","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=15497"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15497\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}