{"id":8653,"date":"2010-04-19T11:46:07","date_gmt":"2010-04-19T15:46:07","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8653"},"modified":"2010-04-19T11:46:07","modified_gmt":"2010-04-19T15:46:07","slug":"eurusd-may-recover-ahead-of-german-economic-sentiment","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/19\/eurusd-may-recover-ahead-of-german-economic-sentiment\/","title":{"rendered":"EUR\/USD May Recover ahead of German Economic Sentiment"},"content":{"rendered":"<p><strong>By Rita, ForexYard<\/strong> &#8211; The European single currency fell against the U.S dollar and Japan\u2019s  currency Monday as short-term market players sold the common currency,  which often tracks equities, as share markets across Asia weakened. The EUR traded at $1.3467 from $1.3506 and at  Y123.96 from Y124.47 late Friday.<\/p>\n<p>The 16-nation currency weakened against the USD after European Union  finance ministers told Greece to brace itself for the International  Monetary Fund\u2019s conditions on a bailout package. Although worries about  Greece continue to weight on the EUR, the upcoming Tuesday will be  dominated by economic indicators, with two major surveys to rock the  European currency:<\/p>\n<p>06:00 GMT EUR German PPI<\/p>\n<p>&#8211; After a leap two months ago, German producer prices took a break  and remained unchanged last month. Given the rise in commodity prices,  this inflation indicator is expected to rise by 0.5% this time<\/p>\n<p>09:00 GMT EUR German ZEW Economic Sentiment<\/p>\n<p>&#8211; What may benefit the European currency most is this survey of  German institutional investors and analysts. In the past 6 months, the  ZEW economic sentiment has been on the fall, hurting the Euro almost  each time.<\/p>\n<p>&#8211; This time, it\u2019s predicted to edge up from last month\u2019s score of  44.5 to 45.2 points. This survey of 350 analysts and institutional  investors always rocks the Euro. If the number comes in line with or  higher the EUR\/USD cross may extend its gains above 1.3555.<\/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 Rita, ForexYard &#8211; The European single currency fell against the U.S dollar and Japan\u2019s currency Monday as short-term market players sold the common currency, which often tracks equities, as share markets across Asia weakened. The EUR traded at $1.3467 from $1.3506 and at Y123.96 from Y124.47 late Friday. The 16-nation currency weakened against the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/19\/eurusd-may-recover-ahead-of-german-economic-sentiment\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/USD May Recover ahead of German Economic Sentiment&#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-8653","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8653","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=8653"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8653\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}