{"id":16155,"date":"2010-12-02T08:07:04","date_gmt":"2010-12-02T13:07:04","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=16155"},"modified":"2010-12-02T08:07:04","modified_gmt":"2010-12-02T13:07:04","slug":"afternoon-news-set-to-shake-up-markets","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/02\/afternoon-news-set-to-shake-up-markets\/","title":{"rendered":"Afternoon News Set to Shake Up Markets"},"content":{"rendered":"<p>While the markets have already experienced a certain level of  volatility this morning, the news set to be released this afternoon  promises to shake things up to a considerably higher level.  The EUR\/USD  pair is already up around 80 pips from this morning, while the GBP\/USD  pair had shot up some 75 pips before dropping back to this morning&#8217;s  levels.  At the moment the pairs are trading at 1.3186 and 1.5617,  respectively.<\/p>\n<p>Investors are eagerly anticipating today&#8217;s US Unemployment Claims and  Pending Home Sales figures.  While analysts are predicting a slight  increase in the number of people filing for first time unemployment  insurance in the past week, the number of pending home sales is  predicted to rise.  The seemingly contradictory pieces of economic news  have left traders puzzled as to where the USD is heading for the rest of  the day.  High unemployment is likely to cause risk aversion, which  would be good news for the safe haven dollar.  On the other hand, a  positive home sales figure could cause investors to turn to more  volatile currencies like the euro.<\/p>\n<p>In addition, traders will want to pay attention to the ECB Press  Conference, scheduled for 13:30 GMT.  Given the erratic movement seen by  the euro as of late, investors will be eagerly awaiting any news on how  the ECB plans on stabilizing the currency.<\/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>While the markets have already experienced a certain level of volatility this morning, the news set to be released this afternoon promises to shake things up to a considerably higher level. The EUR\/USD pair is already up around 80 pips from this morning, while the GBP\/USD pair had shot up some 75 pips before dropping &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/12\/02\/afternoon-news-set-to-shake-up-markets\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Afternoon News Set to Shake Up Markets&#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-16155","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16155","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=16155"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16155\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=16155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=16155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=16155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}