{"id":8120,"date":"2010-03-31T08:11:28","date_gmt":"2010-03-31T12:11:28","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8120"},"modified":"2010-03-31T08:11:28","modified_gmt":"2010-03-31T12:11:28","slug":"todays-forex-market-commentary","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/31\/todays-forex-market-commentary\/","title":{"rendered":"Today\u2019s Forex Market Commentary"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong><\/p>\n<p>The dollar strengthened following positive consumer confidence  numbers in the U.S. and negative news for the European financial system.<\/p>\n<p>\u2022\tStandard &amp; Poor\u2019s sent a warning  concerning the Greek banking and its struggles since the outbreak of the  Greek financial crisis. Troubles may persist for Greek banks as high  borrowing costs weigh on the Greek government.<\/p>\n<p>\u2022\tIreland effectively nationalized its banking system by taking over  two financial institutions and injecting cash into others.<\/p>\n<p>\u2022\tThe IMF reduced its yearly economic growth estimate for Germany to  1.2% from 1.5%.<\/p>\n<p>\u2022\tU.S. Consumer Confidence rose to 52.5 on expectations of 50.1.<br \/>\nThe EUR\/USD could fall today to the support level of 1.3280 if the ADP  Non-Farm Employment Change is inline or better than expectations of +40K  jobs.<\/p>\n<p>\u2022\tAustralian retail sales fell unexpectedly 1.1% on expectations of a  0.3% increase.<\/p>\n<p>\u2022\tWeekly crude oil inventory data is due to be released today at  15:30. Expectations are for a rise of 2.4M. The price target for spot  crude oil is $83.00.<\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex         Yard.<\/strong><\/a><\/span><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and         may not be suitable for all investors. There is a possibility   that     you   could sustain a loss of all of your investment and   therefore  you     should  not invest money that you cannot afford to   lose. You  should  be    aware of  all the risks associated with Foreign   Exchange  trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Russell Glaser &#8211; Ireland effectively nationalized its banking system by taking over two financial institutions and injecting cash into others. The IMF reduced its yearly economic growth estimate for Germany to 1.2% from 1.5%&#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-8120","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8120","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=8120"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8120\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}