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Apr 02 07:45 GMT

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Forex Daily Fundamental Reports

Fundamental analysis refers to the study of the core underlying elements that influence the economy of a particular entity. It is a method of study that attempts to predict price action and market trends by analyzing economic indicators, government policy and societal factors (to name just a few elements) within a business cycle framework. For forex traders, the fundamentals are everything that makes a country tick. From interest rates and central bank policy to natural disasters, the fundamentals are a dynamic mix of distinct plans, erratic behaviors and unforeseen events. Therefore, it is best to get a handle on the most influential contributors to this diverse mix than it is to formulate a comprehensive list of all "The Forex Fundamentals."



Euro Zone's Manufacturing Activity Rises In March More Than Initially Expected Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Apr 02 15 07:39 GMT
The Euro zone's manufacturing activity rose more than initially estimated and at the fastest pace in 10 months, while new orders from overseas buyers rose on the back of a weaker Euro. The final manufacturing PMI climbed further to 52.2 points in March, up from preliminary 51.9 points. While a weaker currency is beneficial for companies, it also raises costs for manufacturers by lifting import prices. Nevertheless, businesses continued to reduce prices they charge, adding to challenges the ECB faces on the way to raise the Euro bloc's inflation back to the official target of just below 2%.
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ADP Non-Farm Employment Disappoints, ISM Manufacturing PMI Continues To Decline Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Apr 02 15 07:38 GMT
The ADP report on the US labour market surprised to the downside, as fewer jobs were added in March than predicted. ADP non-farm employment change increased by 189,000 in March, considerably below expectations of a 225,000 rise. However, last month's data was revised upward to 214,000 from 212,000. The ADP employment change is considered as one of the leading indicators of labour market strength in the world's biggest economy. Even though the data appeared to be worse than expected, the jobless rate is set to remain unchanged at 5.5%, the lowest level since 2008. Last month the US unemployment rate fell to the level that some Fed officials consider consistent with full employment.
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British Manufacturing Sector Continues To Expand, Hitting 8-Month High Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Apr 02 15 07:34 GMT
British manufacturing activity rose at the fastest rate in eight months in March, signalling the UK economy has been keeping its momentum. Markit research group said the UK manufacturing PMI climbed to a seasonally adjusted 54.4 in the reported month, compared with 54.1 in February and overshooting economists' expectations for an increase to 54.3 points. The index remained above the important 50-point threshold, i.e. in the expansion territory, for the 24th straight month. Growth of production and new orders accelerated, whereas production costs continued to decline. The report also showed exports improved in March as demand from overseas rise modestly. The average rate of job creation in the manufacturing sector has reached 5,000 a month. The data came a day after a report showed the UK economy grew more than initially estimated in the fourth quarter as consumers and exporters ensured Britain's longest streak of uninterrupted expansion since 2008.
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Australia's Building Approvals Decline, Trade Deficit Blow Out Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Apr 02 15 07:33 GMT
The number of new homes approved for construction in Australia fell in February, but still remained near record levels. According to the Australian Bureau of Statistics, 18,768 dwellings were approved in the reported month, recording a 3.2% decrease from the record high in January. However, measured on an annual basis, building approvals were more than 14% higher than in February 2014, beating expectations for an advance of 10.7% following the 9.1% increase in the previous month. Approvals for private sector houses declined 0.1% on month and 1.0% on year to 9,441. Private sector approvals excluding houses tumbled 6.0% on month but soared 36.2% on year to 9,102.
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China's Manufacturing Activity Improves In March, Official Data Shows Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Apr 02 15 07:31 GMT
China's manufacturing activity rebounded in March for the first time since December, indicating that Beijing's measures to underpin the world's second biggest economy are having an effect. The official manufacturing PMI, released by the National Bureau of Statistics, rose to 50.1 in the reported month, up from 49.9 in February. On the index, a figure above the crucial 50-mark threshold signals expansion of activity in factories and workshops, while anything below indicates contraction. Sub-indexes measuring new orders and new export orders both declined in March from February levels, whereas the production sub-index improved. However, according to the HSBC, China's manufacturing PMI dropped to a final reading of 49.6 in March from 50.7 a month earlier. The final reading appeared to be higher than the preliminary March PMI of 49.2, released March 24. The preliminary data is based on 85% to 90% of responses to the PMI survey.
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AUD/USD: Aussie Trading Lower This Morning Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Apr 02 15 06:46 GMT
The pair is expected to find support at 0.7548, and a fall through could take it to the next support level of 0.7520. The pair is expected to find its first resistance at 0.7625, and a rise through could take it to the next resistance level of 0.7673.
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EUR/USD: Euro Trading Flat In The Asian Session Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Apr 02 15 06:45 GMT
The pair is expected to find support at 1.0725, and a fall through could take it to the next support level of 1.0681. The pair is expected to find its first resistance at 1.0808, and a rise through could take it to the next resistance level of 1.0846.
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GBP/USD: Pound Trading A Tad Higher Ahead Of UK Construction PMI Data Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Apr 02 15 06:43 GMT
The pair is expected to find support at 1.4759, and a fall through could take it to the next support level of 1.4682. The pair is expected to find its first resistance at 1.4893, and a rise through could take it to the next resistance level of 1.4950.
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USD/JPY: Japanese Yen Trading Flat In The Asian Session Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Apr 02 15 06:42 GMT
The pair is expected to find support at 119.27, and a fall through could take it to the next support level of 118.89. The pair is expected to find its first resistance at 120.19, and a rise through could take it to the next resistance level of 120.72.
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USD/CHF: Swiss Franc Trading On A Stronger Footing This Morning Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Apr 02 15 06:41 GMT
The pair is expected to find support at 0.9618, and a fall through could take it to the next support level of 0.9581. The pair is expected to find its first resistance at 0.9719, and a rise through could take it to the next resistance level of 0.9782.
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USD/CAD: Loonie Extends Its Gains In The Asian Session Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Apr 02 15 06:40 GMT
The pair is expected to find support at 1.2553, and a fall through could take it to the next support level of 1.2496. The pair is expected to find its first resistance at 1.2689, and a rise through could take it to the next resistance level of 1.2768.
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RBA Preview: Risk Vs. Reward Print E-mail
Daily Forex Fundamentals | Written by Forex.com | Apr 02 15 04:32 GMT
It has been a particularly volatile week for the Australian dollar as it's broadly deteriorates alongside key Australian commodity prices. Thin market conditions and uncertainty about what the Reserve Bank of Australia will do at its policy meeting next Tuesday are playing havoc with aussie. In fact, AUDUSD has been jumping all over the place this week and price action is looking somewhat confused.
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Asian Market Update: Australia Trade Balance In Deficit For 11th Month, Hong Kong PMI Returns To Contraction Print E-mail
Daily Forex Fundamentals | Written by Trade The News | Apr 02 15 04:30 GMT
Regional indices are mixed despite more moderate selling on Wall St, where S&P500 joined the Dow to YTD losses, even though key March 11th support levels in both are still holding. Nikkei225 is outperforming with an over 1% rally even though the yen pairs are little changed. Shanghai Composite and the Kospi are up a modest 0.3%.
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Asian Equities Expected To Rebound Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Apr 02 15 02:38 GMT
Asian index futures rose, signaling a rebound after stocks started the new quarter with declines amid concern over the the U.S. economic recovery. The dollar held losses, while oil dropped after its biggest jump in two months. Futures on equity gauges from Hong Kong to Australia climbed in recent trading, after MSCI’s Asia Pacific Index slid to a two-week low. Contracts on the Standard & Poor’s 500 Index gained 0.2 percent by 7:36 a.m. in Tokyo following a second day of declines for the index. The dollar was at 119.69 yen after slipping 0.3 percent Wednesday. U.S. oil lost 1.2 percent after surging 5.2 percent. Iron ore tumbled for a sixth day.
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Iron Ore Plunges Below $50 - Rate Cuts A Done Deal Print E-mail
Daily Forex Fundamentals | Written by ThinkForex | Apr 02 15 02:35 GMT
The Australian economy and Dollar took another blow overnight as the price of Iron Ore plummeted below $50. The bearish trend of Iron Ore, whilst not exactly a new one, has seen a noticeable acceleration at these lows (purple arrow) to suggest the trend is reaching fever pitch.
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Iron Ore Weighs Further On The Aussie Print E-mail
Daily Forex Fundamentals | Written by Vantage FX | Apr 02 15 02:03 GMT
First up, overnight the price of Iron Ore was still the big issue for Asian traders. Markets are still concerned about growth in the Chinese economy and compounded by over an over supply of Iron Ore, the price of the commodity was again hammered. As you can see in the data below from Bloomberg, it's been almost all downhill for the last couple of years, with falls exaggerated more recently:
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US ISM Manufacturing Index Declined again in March Print E-mail
Daily Forex Fundamentals | Written by RBC Financial Group | Apr 01 15 15:37 GMT
Activity in the US manufacturing sector continued to expand in March, although the pace of growth moderated further as measured by the ISM manufacturing index, which fell to 51.5 from 52.9 in February. This marked a fifth consecutive monthly decline, with a cumulative 6.4 point drop since October 2014 leaving the headline index at a 22-month low. March's reading fell short of the 52.5 that had been expected by markets. Any reading above the 50 level indicates expanding activity in the manufacturing sector.
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Dollar - Looking for Reasons to Trade Higher Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Apr 01 15 12:44 GMT
With month-end, quarter-end and a plethora of equity and forex option expiries now officially out of the way, investors will now be preparing themselves to sit tight and wait for Friday's U.S non-farm payroll release. The dollar is looking for that specific spark that will propel it to the next level. With the market looking for rate clues, many expect the U.S employment headline to be the missing factor that's required to push the USD beyond its contained trading ranges.
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Jobs and Oil Stocks in Focus After Good European Start Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Apr 01 15 12:42 GMT
A weaker open in Europe this morning fooled many investors on the first day of the second quarter as indices quickly reversed course to trade significantly higher thanks to a big boost from some European PMI reports. Quite often the end of the first quarter can see investors locking in profits which is quite often followed with long positions being re-entered into on the first trading day of the second quarter and this appears to be the case again today. European pre-markets suggested that this year was going to be different, trading around 1% lower shortly before the open but a number of encouraging European PMI readings brought about a quick reversal in markets to move them comfortably into the green.
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ECB To Review Greek ELA, Pressure On EUR Print E-mail
Daily Forex Fundamentals | Written by Swissquote Bank SA | Apr 01 15 10:25 GMT
EUR remains under pressure as Greek reform negotiations look to have stalled, and despite decent PMI manufacturing reads across Europe. The most recent news flow from Brussels and Athens indicate no agreement will be reached before Easter. This does not look well for a debt repayments starting April 9th to the IMF. Worryingly, ECB policy makers will examine their current Emergence Liquidity Assistance (ELA) strategy to Greece. Greek banks have seen massive deposit outflows for a sixth month and depends on lending from the Greek central bank to say liquid. Recently the ECB raised the amount the Greek central banks can lend to domestic banks to €71.1 billion. The funds from the ELA is keeping Greece afloat (after the ECB suspended banks use of junk rated Greek bonds as collateral).
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