{"id":21537,"date":"2011-06-07T03:16:26","date_gmt":"2011-06-07T07:16:26","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=14554"},"modified":"2011-06-07T03:16:26","modified_gmt":"2011-06-07T07:16:26","slug":"traders-anticipate-bernanke-speech","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/06\/07\/traders-anticipate-bernanke-speech\/","title":{"rendered":"Traders Anticipate Bernanke Speech"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/9.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>After the US dollar had a moment to catch its breath yesterday the greenback has given back most of its gains in early European trading. <\/p>\n<p><span id=\"more-14554\"><\/span>Today\u2019s Economic Data Releases:<\/p>\n<p>EUR \u2013 Retail Sales \u2013 09:00 GMT<br \/>\nExpectations:  0.4%.  Previous:  -0.9%.<br \/>\nEuropean retail sales for the month of April are forecasted to show a modest gain after falling in March. A stronger than expected reading may help to support further euro gains that have been booked this morning, though that could quickly change as Thursday\u2019s <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/06\/06\/interest-rates-sovereign-debt-and-event-risk\/\">ECB policy meeting<\/a> approaches. Currently the EUR\/USD is testing the resistance at 1.4660 from last Friday\u2019s high. A break here and the pair could climb to the next resistance located at 1.4760 off of the late April\/early May lows. Support is found at 1.4450.<\/p>\n<p>USD &#8211; Fed Chairman Bernanke Speaks \u2013 19:45 GMT<br \/>\nBernanke is scheduled to give a speech touching on the US economic outlook later today in Atlanta. Given the recent downturn in US economic data traders will be looking for an adjustment in the <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/06\/06\/us-political-gridlock-carries-over-to-the-fed\/\">Fed<\/a> Chairman\u2019s wording, specifically on the pace of economic expansion. Any retreat in US growth expectations may be met with dollar selling.  USD\/JPY support is located at the May low of 79.56.<\/p>\n<p>Read more forex trading news on our <a href=\"http:\/\/www.forexyard.com\/blog\/en\/\">forex blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> After the US dollar had a moment to catch its breath yesterday the greenback has given back most of its gains in early European trading.<br \/>\nToday\u2019s Economic Data Releases:<br \/>\nEUR \u2013 Retail Sales \u2013 09:00 GMT<br \/>\nExpectations:  0.4%.  Previous:  -0.9%.<br \/>\nEuro&#8230;<\/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-21537","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21537","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=21537"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21537\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}