{"id":19531,"date":"2011-02-17T07:22:57","date_gmt":"2011-02-17T12:22:57","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19531"},"modified":"2011-02-17T07:22:57","modified_gmt":"2011-02-17T12:22:57","slug":"currencies-experiencing-wide-swings-from-heavy-news-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/17\/currencies-experiencing-wide-swings-from-heavy-news-week\/","title":{"rendered":"Currencies Experiencing Wide Swings from Heavy News Week"},"content":{"rendered":"

By Anton Eljwizat<\/strong><\/p>\n

Following yesterday\u2019s heavy news day, currency values appear to be experiencing wide swings in value. The US dollar took a dive versus most of its currency rivals, while the euro regained much of last week\u2019s losses. As this week begins to come to a close, the rest of this week\u2019s busy calendar events appear poised to continue pushing forex values into volatile price shifts.<\/p>\n

Here is a roundup of today\u2019s leading events:<\/p>\n

13:30 GMT: USD \u2013 Core CPI<\/strong><\/a><\/p>\n

The monthly release of the Core Consumer Price Index (CPI) represents the change in price of goods and services in the United States, minus the food and energy sectors. It is one of the primary inflationary gauges used by the Federal Reserve to determine whether or not interest rates should be raised. If the Core CPI only rises by 0.1%, as expected, then the impact on the US dollar should be limited. A drastically different figure than what is forecast could affect the USD, but direction is unclear at this point.<\/p>\n

15:00 GMT: USD \u2013 Philly Fed Manufacturing Index<\/strong><\/a><\/p>\n

Approximately 250 manufacturers are surveyed in Philadelphia to create this index which measures industry growth in one of the largest manufacturing cities in the United States. This month\u2019s survey is set to reveal continued expansion in the manufacturing sector of Philadelphia\u2019s economy. However, the rate appears to be slowing as forecasts are expecting a decline in the level of the diffusion index.<\/p>\n

Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em>
\n<\/a><\/strong><\/em><\/p>\n

\u00a9 2006 by FxYard Ltd<\/p>\n

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":"

Following yesterday\u2019s heavy news day, currency values appear to be experiencing wide swings in value. The US dollar took a dive versus most of its currency rivals, while the euro regained much of last week\u2019s losses. <\/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-19531","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19531","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=19531"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19531\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}