{"id":22130,"date":"2011-07-06T10:19:10","date_gmt":"2011-07-06T14:19:10","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=22130"},"modified":"2011-07-06T10:19:10","modified_gmt":"2011-07-06T14:19:10","slug":"dollar-index-up-as-portugals-debt-rating-hit","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/07\/06\/dollar-index-up-as-portugals-debt-rating-hit\/","title":{"rendered":"Dollar Index Up As Portugal&#8217;s Debt Rating Hit."},"content":{"rendered":"<p>The US dollar index posted the first bullish candle yesterday after 6 previous bearish candles and a weekly bearish engulfing candle (see weekly chart below).<\/p>\n<p>This daily bullish candle came as liquidity returned to the markets and on the back of Moody\u2019s downgrade of Portugal\u2019s credit rating. \u00a0The downgrade is the latest in the series of news referring to the Euro debt issues. \u00a0The EUR\/USD failure to hold above trend line resistance and key 1.4500 level came after this news hit the market and has subsequently driven the dollar index.<\/p>\n<p>A small correction is possibly overdue and risk sentiment combined with US data this week will determine whether this move has legs. \u00a0The Non Farm payroll figure on friday is the key event risk this week.<\/p>\n<p>Please see further\u00a0<a href=\"http:\/\/www.forex-fx-4x.com\">Forex Dollar Index\u00a0and currency analysis<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><em>Dollar Index Weekly Chart<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forex-fx-4x.com\/1\/wp-content\/uploads\/2011\/07\/weeklydollarindexjuly.png\" alt=\"\" width=\"550\" height=\"258\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This daily bullish candle came as liquidity returned to the markets and on the back of Moody\u2019s downgrade of Portugal\u2019s credit rating.  The downgrade is the latest in the series of news referring to the Euro debt issues. <\/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-22130","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22130","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=22130"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22130\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}