{"id":9467,"date":"2010-05-17T07:57:47","date_gmt":"2010-05-17T11:57:47","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9467"},"modified":"2010-05-17T07:57:47","modified_gmt":"2010-05-17T11:57:47","slug":"eurusd-hits-4-year-low-following-trichets-speech","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/17\/eurusd-hits-4-year-low-following-trichets-speech\/","title":{"rendered":"EUR\/USD Hits 4-Year Low Following Trichet\u2019s Speech"},"content":{"rendered":"<p><strong>By Ashley Smith<\/strong> &#8211; The Euro-Zone\u2019s crisis continues to impact the forex market. This  week\u2019s trading begins with an extraordinary kick-off as the EUR\/USD  plunges to a 4-year low. The EUR\/USD dropped to as low as the 1.2233  level, in what doesn\u2019t seems to be the last stop in the Euro\u2019s bearish  voyage.<\/p>\n<p>After the EUR\/USD reached an 18-month low, it seems as if a technical  correction might be in place. However a speech by the ECB President,  Jean-Claude Trichet, has pushed the Euro further down. Trichet said that  there need to be major improvements to prevent bad behavior, to ensure  effective implementation of the recommendations made by peers and ensure  real and effective sanctions in the case of breaches. This speech had  put extra pressure over the Euro, and the result is listed above.<\/p>\n<p>Traders are advised to follow every development on this issue, and  also to follow these economic publications:<\/p>\n<p>\u2022\u00a012:30 GMT, U.S. Empire State Manufacturing Index \u2013 This is a survey  of about 200 manufacturers in New York state that are asked to rate  their general business conditions. If the end result will reach above  last month\u2019s result of 31.9, it is likely to support the Dollar.<\/p>\n<p>\u2022\u00a013:00 GMT, U.S. Long-Term Purchases \u2013 This report measures the  difference between foreign securities purchased by U.S. citizens to U.S.  securities purchased by foreigners. If the end result will beat  expectations for 50.5B, then the Dollar is likely to rise as a result.<\/p>\n<p><strong><em>Forex Market    Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                    Yard.<\/a><\/strong><\/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; The Euro-Zone\u2019s crisis continues to impact the forex market. This week\u2019s trading begins with an extraordinary kick-off as the EUR\/USD plunges to a 4-year low. The EUR\/USD dropped to as low as the 1.2233 level, in what doesn\u2019t seems to be the last stop in the Euro\u2019s bearish voyage. After the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/17\/eurusd-hits-4-year-low-following-trichets-speech\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/USD Hits 4-Year Low Following Trichet\u2019s Speech&#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-9467","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9467","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=9467"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9467\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}