{"id":27420,"date":"2012-02-16T03:10:39","date_gmt":"2012-02-16T08:10:39","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/02\/16\/us-reports-for-the-day\/"},"modified":"2012-02-16T03:10:39","modified_gmt":"2012-02-16T08:10:39","slug":"us-reports-for-the-day","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/02\/16\/us-reports-for-the-day\/","title":{"rendered":"US Reports for the Day"},"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\/United-States-Map-Flag.jpg\" style=\"margin-left: 10px; margin-right: 10px; margin-top: 10px; margin-bottom: 10px; float: left; width: 299px; height: 189px; \" \/>When risk aversion increase hugely firmly endorsing the low-yielding dollar, who needs to see U.S. economic reports? Concerns on a possible Greece default dragged EUR\/USD 125 pips from its 1.3192 intraday high, while USD\/CHF also jumped by 29 pips to .9233.<\/p>\n<p>\tAs seen several times over the past weeks in relation to the Greek debt problem, investors got frustrated over the lack of solid progress in Greece&rsquo;s possible bailout fund. Critically we can&rsquo;t understand the use of Jean Claude Junker, President of the Eurogroup, saying that there&rsquo;s progress when markets aren&rsquo;t actually seeing any? The frustration weighed on high-yielding currencies across the board, which helped boost the low-yielding dollar.<\/p>\n<p>\tGood thing the investors were focusing on the euro zone because the U.S. economic reports certainly didn&rsquo;t show anything to be proud of either as no trade worthy reports exited the US today as predicted.<\/p>\n<p>\tThough the Empire State manufacturing index came in at a better-than-anticipated reading of 19.5 in February, the capacity utilization rate missed expectations by 0.1% at 78.5% in January. Not only that, the TIC long-term purchases data showed that demand for long-term U.S. financial assets dropped sharply in December, as there&rsquo;s only a $17.9 billion demand from November&rsquo;s $61.3 billion figure.<\/p>\n<p>\tThe latest FOMC meeting minutes didn&rsquo;t do any help either, as it told us nothing we don&rsquo;t already know. Aside from repeating Big Ben&rsquo;s frustration over the slow employment and economic growth, some FOMC members also see more quantitative easing in the future if economic data continue to disappoint expectations.<\/p>\n<p>\tSpeaking of economic data, we have a couple hitting us today, starting with the building permits, PPI, initial jobless claims, and housing starts all released at 1:30 pm GMT. After that, we&rsquo;ll see the Fed Chairman make a speech in Arlington, which will be followed by the release of the Philly Fed manufacturing index at 3:00 pm GMT.<\/p>\n<p>\tThese reports today are certainly tradable so it will be wise to stick around. Follow up on the euro zone too!<\/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 When risk aversion increase hugely firmly endorsing the low-yielding dollar, who needs to see U.S. economic reports? Concerns on a possible Greece default dragged EUR\/USD 125 pips from its 1.3192 intraday high, while USD\/CHF also jumped by 29 pips to .9233. As seen several times over the past weeks in relation to the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/02\/16\/us-reports-for-the-day\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;US Reports for the Day&#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-27420","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27420","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=27420"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27420\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=27420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=27420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=27420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}