{"id":8815,"date":"2010-04-26T08:59:12","date_gmt":"2010-04-26T12:59:12","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8815"},"modified":"2010-04-26T08:59:12","modified_gmt":"2010-04-26T12:59:12","slug":"euro-gains-on-asian-market-risk-taking","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/26\/euro-gains-on-asian-market-risk-taking\/","title":{"rendered":"Euro Gains on Asian Market Risk Taking"},"content":{"rendered":"<p><span style=\"text-decoration: underline;\"><strong>By <strong><\/strong><\/strong><strong><strong><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong><\/strong><\/a><\/strong><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex                    Yard<\/strong><\/a><\/strong><\/strong><\/strong> <\/span>&#8211; After making strong gains against the USD, among others, the EUR now  seems to be facing sell pressure as the opening of the US markets draw  near. Initially receiving a boost from the surge of risk appetite  following well performing Asian equities, such as the Nikkei 225,  riskier currencies like the EUR, CHF, AUD, and NZD now seem to be  leveling off.<\/p>\n<p>The EUR\/USD pair has fallen from 1.3400 this morning towards 1.3295 a  few hours after the European markets opened. Asian traders dumping  their safe-havens in exchange for riskier currencies has changed the  dynamic in the <a href=\"http:\/\/www.forexyard.com\/\">forex<\/a> market so  far today, but with little market news this impact is difficult to  determine in light of other fundamentals. Analysts are beginning to  point to a possible retracement of the EUR\/USD, saying that a valid  target may be near 1.3440 in the short-term.<\/p>\n<p>In other news, the Canadian Dollar (CAD) appears to have sustained  its growth and is steadily holding its ground above parity with its  American counterpart, the US Dollar. The Loonie has gained from an above  average performance of its economy as well as rising crude oil prices,  which are always a boon to the North American economy. With the USD  experiencing mixed price behavior from likewise mixed economic reports,  the USD\/CAD pair may remain below parity for some time.<\/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 Forex Yard &#8211; After making strong gains against the USD, among others, the EUR now seems to be facing sell pressure as the opening of the US markets draw near&#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-8815","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8815","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=8815"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8815\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}