{"id":9931,"date":"2010-06-03T09:12:50","date_gmt":"2010-06-03T13:12:50","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9931"},"modified":"2010-06-03T09:12:50","modified_gmt":"2010-06-03T13:12:50","slug":"euro-rebounds-modestly-on-improved-market-sentiment","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/03\/euro-rebounds-modestly-on-improved-market-sentiment\/","title":{"rendered":"Euro Rebounds Modestly on Improved Market Sentiment"},"content":{"rendered":"<p><strong>By <\/strong><strong><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex     Yard<\/a><\/strong> &#8211; <\/strong>The EUR experienced a modest rally in early European trading today as  positive economic data from the U.S and Euro-Zone lifted market  sentiment. However, as the trading day progressed the common currency  receded most of its gains against the USD as the single currency is  still vulnerable to continued sovereign debt concerns. The Yen remains  under selling pressure as investors await the results of Friday&#8217;s prime  ministerial election.<\/p>\n<p>The EUR is up at $1.2255 from $1.2236 and at \u00a5113.60 from \u00a5112.73.  The Dollar is at \u00a592.66 from \u00a592.16 late Wednesday in New York. The  Pound is at $1.4686 from $1.4649 after earlier rising as far as $1.4743.  The Pound retreated after a disappointing release from the service  sector PMI, coming lower than economists expected.<\/p>\n<p>Optimism over the global economy rose ahead of today&#8217;s release of the  ADP non farm employment data and the U.S. employment numbers Friday.  The expectation is for improvement in both indicators to show  improvement, pointing to a recovery in the U.S jobs market.<\/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 Forex Yard &#8211; The EUR experienced a modest rally in early European trading today as positive economic data from the U.S and Euro-Zone lifted market sentiment. However, as the trading day progressed the common currency receded most of its gains against the USD as the single currency is still vulnerable to continued sovereign debt &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/03\/euro-rebounds-modestly-on-improved-market-sentiment\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Euro Rebounds Modestly on Improved Market 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-9931","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9931","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=9931"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9931\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}