{"id":9088,"date":"2010-05-04T08:15:11","date_gmt":"2010-05-04T12:15:11","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9088"},"modified":"2010-05-04T08:15:11","modified_gmt":"2010-05-04T12:15:11","slug":"usd-forecasted-to-continue-bullish-trend-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/04\/usd-forecasted-to-continue-bullish-trend-today\/","title":{"rendered":"USD Forecasted to Continue Bullish Trend Today"},"content":{"rendered":"<p><strong>By Dan Eduard<\/strong> &#8211; The U.S. Dollar is increasingly being chosen over the Yen as the  choice currency during times of heightened risk aversion. The  contracting global economy helped to strengthen the Dollar yesterday as  the Yen begins to lose favor as a safe haven currency.<\/p>\n<p>As for today, there are several important  events coming out of the U.S. and Europe including the U.S Pending Home  Sales and British Manufacturing PMI. These events always provide for  extreme market volatility in the major currency pairs. Traders may find  good opportunities to enter the market following these important  announcements.<\/p>\n<p>8:30 GMT: British Manufacturing PMI<br \/>\n\u2022\tThis indicator reflects the level of a diffusion index based on  surveyed purchasing managers in the manufacturing industry.<br \/>\n\u2022\tThis indicator is very important and is likely to create volatility  for GBP pairs.<br \/>\n\u2022\tThe survey is expected to show a slight improvement from last month,  boosting hopes that the rate of decline in the British economy is now  under control.<\/p>\n<p>14:00 GMT: U.S Pending Home Sales<br \/>\n\u2022\tThis indicator reflects the change in the number of homes under  contract to be sold but still awaiting the closing transaction<br \/>\n\u2022\tThe release of the survey typically creates a volatile trading  environment.<br \/>\n\u2022\tA survey with a result greater than the forecasted value of 3.9 could  send the EUR\/USD below the 1.3150 mark.<\/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 Dan Eduard &#8211; The U.S. Dollar is increasingly being chosen over the Yen as the choice currency during times of heightened risk aversion. The contracting global economy helped to strengthen the Dollar yesterday as the Yen begins to lose favor as a safe haven currency. As for today, there are several important events coming &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/04\/usd-forecasted-to-continue-bullish-trend-today\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD Forecasted to Continue Bullish Trend 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-9088","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9088","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=9088"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9088\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}