{"id":8300,"date":"2010-04-07T08:31:16","date_gmt":"2010-04-07T12:31:16","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8300"},"modified":"2010-04-07T08:31:16","modified_gmt":"2010-04-07T12:31:16","slug":"crude-oil-inventories-and-bernankes-speech-to-move-the-forex-market-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/07\/crude-oil-inventories-and-bernankes-speech-to-move-the-forex-market-today\/","title":{"rendered":"Crude Oil Inventories and Bernanke\u2019s Speech to Move the Forex Market Today"},"content":{"rendered":"<p><strong>By Ashley Smith <\/strong>&#8211; After traders caught up with markets that were closed for Easter, new  economic data is set to be released today that should influence the  price of spot crude oil and the dollar.<\/p>\n<p>GBP \u2013 Services PMI \u2013 8:30 GMT<br \/>\n&#8211;\tA survey of business conditions and future outlook \u2013 a leading  indicator of economic health<br \/>\n&#8211;\tExpected to show little change. A worse than expected result will  likely intensify the Pounds decline.<\/p>\n<p>USD \u2013 Fed Chairman Bernanke Speaks \u2013 17:15 GMT<br \/>\n&#8211;\tWith no assuring remarks from yesterday FOMC meeting minutes regarding  monetary policy tightening in the near future, investors will be  awaiting any signs for Bernanke regarding interest rate increases and  the state of the U.S economic recovery.<\/p>\n<p>USD \u2013 Crude Oil Inventories \u2013 14:30<br \/>\n&#8211; With Oil prices heading towards the $90 a barrel level, consumer  demand remains an important variable. Any decline in inventories will  likely help push Oil prices towards that level.<\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex          Yard.<\/strong><\/a><\/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 Ashley Smith &#8211; After traders caught up with markets that were closed for Easter, new economic data is set to be released today that should influence the price of spot crude oil and the dollar. GBP \u2013 Services PMI \u2013 8:30 GMT &#8211; A survey of business conditions and future outlook \u2013 a leading &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/07\/crude-oil-inventories-and-bernankes-speech-to-move-the-forex-market-today\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude Oil Inventories and Bernanke\u2019s Speech to Move the Forex Market Today&#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-8300","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8300","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=8300"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8300\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}