{"id":22582,"date":"2010-09-22T03:50:44","date_gmt":"2010-09-22T07:50:44","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=11117"},"modified":"2010-09-22T03:50:44","modified_gmt":"2010-09-22T07:50:44","slug":"british-meeting-minutes-highlight-todays-fx-trading","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/22\/british-meeting-minutes-highlight-todays-fx-trading\/","title":{"rendered":"British Meeting Minutes Highlight Today\u2019s FX Trading"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/13.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>The British MPC meeting minutes will be the main event for a busy day in the FX markets; with US oil inventories figures dominating the New York trading session. Here\u2019s an outlook for the major events in today\u2019s trading.<\/p>\n<p><span id=\"more-11117\"><\/span>08:30 GMT:  GBP- MPC Meeting Minutes<\/p>\n<p>The last rate decision by the Monetary Policy Committee didn\u2019t bring any news \u2013 the rate remained at 0.50%. But inflation refuses to fully return into the 1-3% target. It will be interesting to see if there\u2019s still one member, Andrew Sentance that wants a rate hike. If others join in his concern of high inflation and vote for a rate increase, the GBP\/USD could rise above the short term high of 1.5730.<\/p>\n<p>13:00 GMT:  EUR- Belgium NBB Business Climate<\/p>\n<p>This wide survey of 6000 businesses has improved in recent months but remains negative, meaning that the business conditions are expected to worsen. The previous output was -5.1 points. The survey will probably edge up, but still remain in negative territory at -5.0. EUR\/USD support rests 1.3160. Resistance is found at the height of the June to August bullish move at 1.3333.<\/p>\n<p>14:30 GMT: USD &#8211; <a href=\"http:\/\/www.forexyard.com\/en\/gold-silver-oil\">Crude Oil Inventories<\/a><\/p>\n<p>This data influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods. Oil prices might decline to $74.30 before a government report that may show U.S. refineries operated at their lowest rate in five months, signaling less demand for crude to process into fuels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> The British MPC meeting minutes will be the main event for a busy day in the FX markets; with US oil inventories figures dominating the New York trading session. Here\u2019s an outlook for the major events in today\u2019s trading.<br \/>\n08:30 GMT:  GBP- MPC Meeti&#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-22582","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22582","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=22582"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22582\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}