{"id":826,"date":"2011-02-23T09:30:47","date_gmt":"2011-02-23T09:30:47","guid":{"rendered":"http:\/\/www.mycurrencytransfer.com\/blog\/?p=826"},"modified":"2011-02-23T09:30:48","modified_gmt":"2011-02-23T09:30:48","slug":"rational-fx-yesterdays-data-comes-out-positive-for-the-us-23022011","status":"publish","type":"post","link":"https:\/\/www.mycurrencytransfer.com\/blog\/rational-fx-yesterdays-data-comes-out-positive-for-the-us-23022011\/","title":{"rendered":"Rational FX: Yesterday&#8217;s data comes out positive for the US [23\/02\/2011]"},"content":{"rendered":"<div>\n<div>\n<p><strong><span style=\"color: #666666; font-family: Arial;\">Market movers Yesterday<\/span><\/strong><\/p>\n<ul>\n<li><span style=\"color: #666666; font-family: Arial;\">The only piece of data from the euro zone yesterday came out in the form of Germany\u2019s GFK consumer confidence. This data came out positive and showed confidence within Germany as a nation and saw euro strengthen slightly.<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #666666; font-family: Arial;\">UK data came in the way of Public Sector Net Borrowing. These figures produced a surplus which is due to UK budget cuts having been implemented and is usually seen as a positive for the state of the economy. Sterling gained against its counterparts.<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #666666; font-family: Arial;\">We had two important data out from the US. Firstly consumer confidences and the Richmond Fed manufacturing index which both came out positive for the US. These results showed slight spike in risk appetite in the market. However this was over shadowed by the crisis in North Africa and the Middle East and resulted in risk aversion, supported by a two year high in crude oil.<\/span><\/li>\n<\/ul>\n<div>\n<table style=\"border-collapse: collapse;\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\" width=\"40%\" bordercolor=\"#000000\">\n<tbody>\n<tr>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> <\/span><span style=\"color: #666666; font-family: Arial;\">Currencies<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> High<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> Low<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> Support<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> Resistance<\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> GBP\/EUR<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\">1.1924<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.1793<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\">1.1780<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\">1.1900<\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> GBP\/USD<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.6227<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.6109<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.6110<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\">1.6260<\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> EUR\/USD<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.3703<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.3525<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\"> 1.3600<\/span><\/div>\n<\/td>\n<td width=\"20%\" valign=\"top\">\n<div><span style=\"color: #666666; font-family: Arial;\">1.3770<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><strong><span style=\"color: #666666; font-family: Arial;\">Market Movers Today<\/span><\/strong><\/p>\n<ul>\n<li><span style=\"color: #666666; font-family: Arial;\">In the UK we have two important data\u2019s out. The first being Mortgage application which is expected to come out higher than previous\u00a0 and may show a road to recovery for lending in the\u00a0 UK , but this is a comparison to the month\u00a0 of December in which mortgage application are seasonally lower. The second Piece of data is the most crucial, BOE minutes which will see all eyes on the market to see whether there is further speculation of an interest rate hike.<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #666666; font-family: Arial;\">There is no significant data out in the Euro Zone today.<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #666666; font-family: Arial;\">The final data out today is from the US. Existing home sales are expected to come out positive along with Mortgage applications; however this may have little effect on the Market as this may still be overshadowed by the crisis in Libya.<\/span><\/li>\n<\/ul>\n<\/div>\n<p><span style=\"color: #666666; font-family: Arial;\"><\/p>\n<p><span style=\"color: #666666; font-family: Arial;\"><strong> <\/strong><\/span><\/p>\n<p><\/span><\/div>\n<div><span style=\"color: #666666; font-family: Arial;\"> <\/span><\/div>\n<div><span style=\"color: #666666; font-family: Arial;\"><span style=\"font-family: Arial;\">We wish you a very nice day.<\/p>\n<div><a title=\"Request a FREE no obligation quote from RationalFX\" href=\"http:\/\/www.rationalfx.com\/\">The RationalFX Team<\/a><\/div>\n<p><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Market movers Yesterday The only piece of data from the euro zone yesterday came out in the form of Germany\u2019s GFK consumer confidence. This data came out positive and showed confidence within Germany as a nation and saw euro strengthen slightly. UK data came in the way of Public Sector Net Borrowing. These figures produced a surplus which is due [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,27,24],"tags":[52],"_links":{"self":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/826"}],"collection":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/comments?post=826"}],"version-history":[{"count":1,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/826\/revisions"}],"predecessor-version":[{"id":827,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/826\/revisions\/827"}],"wp:attachment":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/media?parent=826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/categories?post=826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/tags?post=826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}