{"id":27336,"date":"2012-02-13T07:21:20","date_gmt":"2012-02-13T12:21:20","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/02\/13\/key-us-reports-and-data-release-for-the-week\/"},"modified":"2012-02-13T07:21:20","modified_gmt":"2012-02-13T12:21:20","slug":"key-us-reports-and-data-release-for-the-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/02\/13\/key-us-reports-and-data-release-for-the-week\/","title":{"rendered":"Key US Reports and Data Release For The Week"},"content":{"rendered":"<div align=\"left\"><script type=\"text\/javascript\">\ntweetmeme_style = 'compact';\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\"><\/script>\n<\/div>\n<p>By TraderVox.com<br \/>\n<!--break--><!--break--><\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.tradervox.com\/sites\/default\/files\/images\/USA\/dollar-bill-100-3D.jpg\" style=\"margin: 10px; width: 320px; float: left; height: 213px\" \/>Tradervox.com&nbsp;(Dublin)&nbsp;&#8211;&nbsp;There is huge doubt clouding the thinking of market participants about Greek austerity measures. Consequently, there hangs a certain amount of risk aversion in the markets and this affected the dollar positively. The US dollar enjoyed a very good day as participants preferred to long the dollar over the euro.EUR\/USD closed the day at 1.3173 which was a whopping 100 pips below its opening price.<\/p>\n<p>\n\tDespite the faith shown in the USD on Friday, reports that exited the US were generally mixed. Trade balance posted better results than expected as we saw a figure of $48.8 Billion deficit which was slightly better than most analysts expected. However, preliminary University of Michigan Consumer Sentiment survey data did not meet what analysts had expected. We saw a reading of 72.5 whereas analysts had expected a reading of 74.4.<\/p>\n<p>\tWe shall look ahead to the high profile events we expect can move the market this week and there are several expected.<\/p>\n<p>\n\tMonday shall represent a quiet day as far as US reports are concerned as we expect no major announcement today.<\/p>\n<p>\n\tTuesday, we expect the retail sales report to be released. We think it will show a 0.8% gain although the core data may show a slightly lower increase of 0.6%.<\/p>\n<p>\n\tWednesday, there is the&nbsp;TIC long term purchase. Forecast shows we can expect a figure of 62.3 billion US Dollars, which if we do, is a significant increase from last month&rsquo;s figure of 59.8 billion US Dollars. What this shall imply is that the value of purchase by foreign investors in the US is significantly greater than that of US locals.<\/p>\n<p>\tOn Thursday, we have several reports in the shape of building permits and housing starts report, Producer price index, Fed manufacturing index for Philadelphia and initial jobless claims.<\/p>\n<p>\n\tCPI data shall conclude the week for US reports on Friday and a 0.3% gain in the core and mainstream version of the reports is what we anticipate.<\/p>\n<p>\tThis week therefore presents us with a lot of Dollar related reports which may push for a very volatile dollar.<\/p>\n<p>\n\t&nbsp;<\/p>\n<p>Article provided <strong><u><a href=\"http:\/\/TraderVox.com\" target=\"_blank\">TraderVox.com<\/a><\/u><\/strong><br \/>\nTradervox.com is a Forex News Portal that provides real-time news and analysis relating to the Currency Markets.<br \/>\nNews and analysis are produced throughout the day by our in-house staff.<br \/>\nFollow us on twitter: <strong><u><a href=\"http:\/\/www.twitter.com\/tradervox\" target=\"_blank\">www.twitter.com\/tradervox<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By TraderVox.com Tradervox.com&nbsp;(Dublin)&nbsp;&#8211;&nbsp;There is huge doubt clouding the thinking of market participants about Greek austerity measures. Consequently, there hangs a certain amount of risk aversion in the markets and this affected the dollar positively. The US dollar enjoyed a very good day as participants preferred to long the dollar over the euro.EUR\/USD closed the day &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/02\/13\/key-us-reports-and-data-release-for-the-week\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Key US Reports and Data Release For The Week&#8221;<\/span><\/a><\/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-27336","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27336","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=27336"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27336\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=27336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=27336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=27336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}