{"id":16570,"date":"2010-12-10T07:26:33","date_gmt":"2010-12-10T12:26:33","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=16570"},"modified":"2010-12-10T07:26:33","modified_gmt":"2010-12-10T12:26:33","slug":"dollar-falls-prior-to-consumer-confidence-release","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/10\/dollar-falls-prior-to-consumer-confidence-release\/","title":{"rendered":"Dollar Falls Prior to Consumer Confidence Release"},"content":{"rendered":"<p><span style=\"text-decoration: underline;\"><strong>Source: <em><strong> <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard<\/a><\/strong><\/em><\/strong><\/span><\/p>\n<p>The dollar was down on the day versus the majors as a successful  30-year Treasury bond sale helped bring down US bond yields. Traders are  looking towards two key data releases in the New York session to finish  the week.<\/p>\n<p>Also influencing the market is the recent compromise between the  Obama administration and Congress. The agreement will extend Bush era  tax cuts into the next two years which has caused some economists to up  their US GDP forecasts and cut unemployment estimates.<\/p>\n<p>The EUR\/USD was trading near its opening price of 1.3250. The USD\/JPY  is trading lower at 83.50 after opening the place of 83.67. The GBP\/USD  is higher at 1.5835, after an opening day price of 1.5778. The Aussie  dollar was up at 0.9882 after opening the day at 0.9851.<\/p>\n<p>Recent comments by the Euro block ministers supported the enactment  of new legislation to come to a political solution for Europe&#8217;s fiscal  problems and stressed the avoidance of relying on European Central Bank  sovereign bond purchases.<\/p>\n<p>Ireland&#8217;s government continues to debate next year&#8217;s budget. The  passage of the budget is one requirement needed to receive the 85  billion euro bailout package from the EU\/IMF.<\/p>\n<p>New York trading will have key US economic data on tap with trade  balance data due at 13:30 GMT followed by consumer sentiment numbers at  14:55 GMT. Better than expected releases could reverse the losses for  the dollar. Support and resistance levels for the USD\/JPY come in at  82.80 and 84.40.<\/p>\n<p><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><span style=\"text-decoration: underline;\"><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/a><\/strong><\/em><\/span><\/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 ForexYard \u2013 The dollar was down on the day versus the majors as a successful 30-year Treasury bond sale helped bring down US bond yields. Traders are looking towards two key data releases in the New York session to finish the week.<\/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-16570","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16570","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=16570"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16570\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=16570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=16570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=16570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}