{"id":8843,"date":"2010-04-27T07:45:17","date_gmt":"2010-04-27T11:45:17","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8843"},"modified":"2010-04-27T07:45:17","modified_gmt":"2010-04-27T11:45:17","slug":"traders-await-news-and-greek-bailout","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/27\/traders-await-news-and-greek-bailout\/","title":{"rendered":"Traders Await News and Greek Bailout"},"content":{"rendered":"<p><strong>By Russell Glaser <\/strong>&#8211; Most currencies were trend-less yesterday following a lack of  economic data releases. The EUR\/USD was higher after the New York  trading session but the pair failed to hold those gains. Spot crude oil  prices fell significantly as traders worry of a potential rate hike by  the Fed.<\/p>\n<p>Today the news should play a more  important role in today\u2019s trading. The major events on the calendar are:<\/p>\n<p>USD: CB Consumer Confidence m\/m: Estimate 53.6. Previous 52.5. (14:00  GMT)<br \/>\nUSD: Fed Chairman Ben Bernanke Testifies (14:00 GMT)<\/p>\n<p>GBP: CBI Realized Sales: Estimate 16. Previous 13. (10:00 GMT)<\/p>\n<p>EUR: ECB President Trichet Speaks (14:15 GMT)<\/p>\n<p>CAD: BOC Governor Carney Speaks (19:30 GMT)<\/p>\n<p>Data Points:<br \/>\nEUR\/USD: The next major support level for the pair rests at 1.3180.<br \/>\nUSD\/JPY:  Major resistance level at the price of 94.80. A break of this  price could propel the pair to the 97.80 price level.<br \/>\nSpot Crude Oil: A bullish flag pattern has formed on the daily chart  with the top of the pattern beginning at the price high of $87. A break  of this price could propel the price of spot crude oil towards the $94  range.<\/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 Russell Glaser &#8211; Most currencies were trend-less yesterday following a lack of economic data releases. The EUR\/USD was higher after the New York trading session but the pair failed to hold those gains. Spot crude oil prices fell significantly as traders worry of a potential rate hike by the Fed. Today the news should &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/27\/traders-await-news-and-greek-bailout\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Traders Await News and Greek Bailout&#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-8843","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8843","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=8843"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8843\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}