{"id":16573,"date":"2010-12-10T07:55:52","date_gmt":"2010-12-10T12:55:52","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=16573"},"modified":"2010-12-10T07:55:52","modified_gmt":"2010-12-10T12:55:52","slug":"forex-eurusd-pushed-lower-by-ireland-downgrade","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/10\/forex-eurusd-pushed-lower-by-ireland-downgrade\/","title":{"rendered":"Forex: EUR\/USD Pushed Lower by Ireland Downgrade"},"content":{"rendered":"<p><strong>By Greg Holden<\/strong> &#8211; The <a href=\"http:\/\/www.forexyard.com\/en\/trading\/eur-usd\">EUR\/USD<\/a> appears to be recovering mildly after yesterday\u2019s sharp plummet. Fitch Ratings agency <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2010\/12\/09\/irish-downgrade-sends-euro-lower\/\">downgraded Ireland\u2019s sovereign debt<\/a>,  pushing the euro to recent lows. The pair fell as low as 1.3163  yesterday before recovering back to the 1.3250 price level. If today\u2019s  trade balance and consumer sentiment reports from the US and Canada come  in as positive as expected, the US dollar could continue its  bullishness against the EUR.<\/p>\n<p><em>Here is a roundup of today\u2019s leading events:<\/em><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/en\/calendar\">13:30 GMT: USD &amp; CAD \u2013 Trade Balance<\/a><\/p>\n<p>The American and Canadian trade balance figures are set to be  published today at 13:30 GMT and the news could help both currencies  extend recent bullish gains made against their European counterparts if  the reports come as expected. The trade balance measures the difference  between imports and exports of a country and reflects levels of demand  for the nation\u2019s goods.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/en\/calendar\">14:55 GMT: USD \u2013 UoM Consumer Sentiment<\/a><\/p>\n<p>The University of Michigan (UoM) Consumer Sentiment report is a  leading indicator of consumer sentiment and consumer spending. It  surveys approximately 500 consumers regarding spending, outlook, and  optimism regarding the future. If the report comes as expected, or  higher, the USD could see some added bullishness before markets close  for the weekend.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EUR\/USD appears to be recovering mildly after yesterday\u2019s sharp plummet. Fitch Ratings agency downgraded Ireland\u2019s sovereign debt, pushing the euro to recent lows. The pair fell as low as 1.3163 yesterday before recovering back to the 1.3250 price level.<\/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-16573","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16573","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=16573"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16573\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=16573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=16573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=16573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}