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Forex Expos

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."

Canadian Headline Inflation Rate Dips on Lower Energy Prices; Core Measure also Moved Downward Print E-mail
Daily Forex Fundamentals | Written by RBC Financial Group | Dec 19 14 15:50 GMT
The unadjusted all-items Canadian consumer price index (CPI) index decreased by 0.4% in November 2014, which was more than expected with forecasters looking for the index to post a 0.2% dip. The year-over-year inflation rate fell to 2.0% from 2.4% in October. Of the major components, prices for transportation, clothing, and recreation posted large declines in the month that more than offset higher prices for food and personal care. The overall index's decline reflected a sharp 7.5% drop in prices for gasoline, a 7.1% decline in the price of traveller accommodation, and a 9.0% drop in the price of travel tours. Relative to a year earlier, the biggest increases were in prices for food, clothing, household operations, and alcohol and tobacco products. Excluding energy, Canada's inflation rate was 2.2% in November. On a seasonally adjusted basis, the headline CPI index fell by 0.2% in the month of November, and the core index was flat.
Canadian October Retail Sales Hold Steady in the Month Print E-mail
Daily Forex Fundamentals | Written by RBC Financial Group | Dec 19 14 15:48 GMT
Nominal retail sales in October 2014 were unchanged in the month following a robust 0.8% increase in September. This represented greater than assumed strength as market expectations had been for a 0.2% decline. The expected decline was largely premised on indications that, although unit auto sales in Canada remained at a very high annualized level in October of 1.96 million units, it was down from the record-high level in September of 2.01 million units. This downward direction in activity was acknowledged in the report with motor vehicle dealership sales dropping 0.6%, although the magnitude was slightly less than assumed. Similarly, although lower gasoline prices sent gasoline station receipts downward by 1.1% in the month, expectations had been for an even greater decline, thereby indicating some offset by stronger sales volumes.
Week in FX - Patient Fed Soothes Jittery Markets Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Dec 19 14 14:46 GMT
Capital markets are poised to fall silent as the holidays are about to begin in earnest. It's in hot pursuit of the broad-based risk-on rally that has given U.S. equities their biggest two-day gain of the year. It's a nice holiday gift to close out the trading season - heartfelt thanks to Federal Reserve Chair Janet Yellen and her fellow policy members at the Fed.
USD/CAD - Almost Unchanged Ahead of Canadian CPI, Retail Sales Reports Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Dec 19 14 12:58 GMT
The Canadian dollar is showing little movement on Friday, as USD/CAD trades at the 1.16 line. On the release front, Canada releases CPI and Retail Sales data. The markets are bracing for weak figures, so we could see the Canadian dollar could find itself under pressure in the North American session. There are no US releases to wrap up the trading week.
Gold Stays Steady Close To $1200 Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Dec 19 14 11:25 GMT
Gold is showing little movement on Friday, continuing the lack of activity we have seen for most of the week. In the European session, the spot price stands at $1197.48. There are no US releases on Friday, so traders can expect a quiet day from XAU/USD as we head into the weekend.
Volatility In Emerging Markets Remains Print E-mail
Daily Forex Fundamentals | Written by Swissquote Bank SA | Dec 19 14 11:03 GMT
Trading in fx emerging markets remains jittery heading into the weekend. In addition, low participation and thin liquidity conditions are amplifing forex disorderly markets. The massive volatility spike marked the lira markets on week to December 19th. Both internal and external factors have been responsible for the volatility pick-up in TRY. The Turkish journalist arrests, the oil race to the bottom, the heavy RUB sell-off, the surprise CBT rate intervention and the FOMC jitters contributed to USD/TRY’s rally to record high of 2.4146 on December 16th. The 1-month implied volatility spiked to 15% for the first time since March. EUR/TRY tested 2.9488 / 3.00 resistance zone (Fib 38.2% on January-November ease / psychological level). The sell-off in Turkish bonds recorded on week to December 12th (USD 718mn) seemingly accelerated, pushing sovereign yields higher across the curve with higher front-end impact due to mounting anxieties. The interbank lending hit the Central Bank’s upper corridor of 11.25%. Momentum trading strategies continue to outperform
EUR/USD – Flat As German Consumer Confidence Matches Forecast Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Dec 19 14 10:49 GMT
EUR/USD is flat on Friday, as the pair trades in the high-1.22 range in the European session. The euro remains under pressure and has lost over 200 points since the start of trading on Wednesday. On the release front, the forecast for German Consumer Climate stands at 9.0 points, very close to the forecast of 8.9 points. German PPI improved to 0.0%, but Eurozone Current Account slipped to EUR 20.5 billion. There are no US releases on Friday, so we could see EUR/USD remain listless as we wrap up the trading week.
European Market Update: EU Mid-Market Update: Holiday Mode kicking In Print E-mail
Daily Forex Fundamentals | Written by Trade The News | Dec 19 14 10:21 GMT
The USD was steady in a quiet session following a resurgence of the Fed- and SNB-inspired global risk appetite environment. The EUR/USD remained below the 1.23 level on intensifying speculation of a QE announcement from the ECB at the Jan-22 meeting
Euro Trades Near Its 2 Year Low, Yen Is Near 120 Print E-mail
Daily Forex Fundamentals | Written by Easy Forex | Dec 19 14 09:45 GMT
The euro (EUR) continues the downside and trades near its 2-year low at 1.2282 against the US dollar (USD). The single currency weakened after the Fed signaled a hike of interest rates early next year.
The BoJ Holds Firm Print E-mail
Daily Forex Fundamentals | Written by | Dec 19 14 09:44 GMT
The Bank of Japan retained it plans to increase Japan's monetary base by around 80 trillion yen a year as it grapples with stagnant inflation. It noted that exports have shown signs of improvement in recent months, which is an important avenue for growth. The market wasn't expecting the BoJ to ease any further at today's meeting. After all, it announced a massive new bout of stimulus in October which hasn't had time to take hold.
BoJ Maintains Status Quo, Canada CPI In Focus Print E-mail
Daily Forex Fundamentals | Written by Swissquote Bank SA | Dec 19 14 09:40 GMT
The FX markets adjust levels after highly volatile week on FOMC decision, oil drop and surprise rate actions from Russia and Switzerland. The Asian equity markets traded in green this Friday: Nikkei gained 2.39%, Hang Seng and Shanghai's Composite recovered 1.33% and 1.67%, ASX rallied 2.45%. EUR/USD consolidated weakness at the tight range of 1.2274/98 in Asia. A week close below 1.2325 will send the MACD in the red zone. The EUR sentiment remains negative on ECB QE expectations as soon as the first quarter of 2015 and hawkish sentiment vis-à-vis the Fed policy outlook. Large option barriers trail below 1.2300 for the New York cut.
Renminbi Weakens To Levels Not Seen Since June Print E-mail
Daily Forex Fundamentals | Written by ForexTime | Dec 19 14 09:03 GMT
The Renminbi weakened overnight against the US Dollar to 6.2295, a level not seen in the past six months, with ongoing concerns that China’s economy is continuing its downturn. The weakness in the Renminbi intensified following the unexpected manufacturing PMI contraction last week, with many now expecting further easing from the People’s Bank of China (PBoC) in the coming months. The major catalyst behind the recent slowing in economic momentum has been weakening domestic growth, therefore I expect further interest rate cuts from the PBoC in early 2015. With inflation levels easing to a five-year low at an annualised 1.4%, there is far more leverage to reduce interest rates in an attempt to reinvigorate this aspect of the economy.
New Zealand's Economy Grows More Than Expected In September Quarter Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Dec 19 14 08:58 GMT
New Zealand's economy expanded at a faster than expected pace in the third quarter as low interest rates and record immigration boosted consumption, while primary-industry production rose to a 15-year high. Gross domestic product rose 1% in the July-September period, up from the 0.7% growth in the preceding quarter, according to Statistics New Zealand. Analysts, however, had expected a slightly weaker growth of 0.7%, whereas the Reserve Bank of New Zealand had forecasted a 0.9% increase in economic output.
SNB Introduces Negative Deposit Rate To Stave Off Inflows Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Dec 19 14 08:51 GMT
The Swiss National Bank slashed deposit rate, sending it to the negative territory, to limit inflows from investors seeking a safe haven place to park their cash. Policy makers in the Alpine nation imposed a charge of 0.25% on sight deposits, the cash-like holdings of commercial banks at the Swiss central bank. The SNB thus expanded the target range for the three-month Libor to -0.75%-0.25% and extended it to its usual width of 1 percentage point. The SNB reiterated its commitment to the minimum exchange rate of 1.20 francs per Euro, underlying that it would defend the cap the 'utmost determination' and implement further measures if needed. Given the fact the results of the second round of TLTRO failed to bring relief to the ECB policy makers, further loosening is a matter of time, which may challenge the SNB's task to defend the lid.
British Retail Sales Surge To 10-Year High On Black Friday Discounts Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Dec 19 14 08:49 GMT
Britain's retail sales surged above estimates on month in November, while year-on-year sales rose at the fastest pace in 10 years as US-style Black Friday bolstered sales of electrical appliances and household goods. Volumes sold by UK retailers soared at an annual 6.4% pace, according to the Office for National Statistics, the biggest increase since May 2004, marking 20 straight months of growth. Compared with October, sales rose 1.6% in November. Economists had forecasted retail sales to edge up 0.3% on month following a similar increase in November, and for sales to be 4.4% higher on year. US-style discounts for Black Friday took off in Britain this year, with stores experiencing record sales. Electrical goods sales skyrocketed 32% from the previous year, while sales at department stores rose 15%, both of which were the biggest rise since records began in 1988. The value of sales made online jumped 12.9% compared with a year earlier. Consumer spending was also supported by plunging oil prices and weak inflation. Official data earlier in the week showed that annual consumer price inflation slid to the lowest level in 12 years of 1% in November, while annual wage growth in October picked up to 1.8% from 1.5% in September. The Bank of England continues to expect consumer spending to be a growth engine, after fuelling what looks set this year to be the fastest growth pace in overall economic output in more than a decade.
Jobless Claims Decline, Services PMI Falls Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Dec 19 14 08:48 GMT
The number of Americans seeking first-time unemployment benefits declined last week and remained near the lowest level in 14 years, the latest sign of strengthening labour market. Jobless claims fell by 6,000 to 289,000 in the week ended December 13, the fewest since early November, a Labor Department report showed. New applications for unemployment benefits have stayed below the 300,000 threshold in 13 of the past 14 weeks, the longest such streak since the first half of 2000. The four-week moving average, which irons out volatile weekly data, declined by 750 to 298,750. Meanwhile, companies continue to hire more workers and job creation is set for the best year since 1999. The American economy added a seasonally adjusted 321,000 new jobs in November, a separate report showed earlier this month, while the jobless rate was at 5.8%. The Fed officials now expect the jobless rate will decline to 5.2% or 5.3% in 2015, putting the unemployment rate in a zone policy makers consider 'full employment'.
Business Morale Among German Executives Improves In December Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Dec 19 14 08:46 GMT
Business morale among German top executives improved in December, reinforcing the view that Europe's number one economy is on course to pick up in the final quarter of the year after narrowly avoiding a recession in the three months through September. The German Ifo Business Climate Index, which is based on a survey of manufacturers, builders, wholesalers and retailers, rose to 105.5 in the reported month, compared with an expected 105.5 reading. Meanwhile, the Current Assessment sub-survey, assessing current conditions in the Euro area's biggest economy, booked 110 points, same as the previous month's figure of 110 and below estimates of 110.4 points. Moreover, the Ifo Expectations Index, indicating firms' projections for the next six months, came in at 101.1, up from 99.8 in November.
Dollar Joins Risk-On Rally, But No Key Technical Levels Are Broken Yet Print E-mail
Daily Forex Fundamentals | Written by KBC Bank | Dec 19 14 08:41 GMT
Yesterday, the post-Fed risk-on rally continued. The dollar profited, too, but the gains were moderate compared to the equity gains. The dollar got only limited interest support from short term US yields. How long will the dollar get support for the current risk-on rally?
USDCAD Respects The Channel Print E-mail
Daily Forex Fundamentals | Written by Blackwell Global | Dec 19 14 08:02 GMT
The markets have had a choppy ride over the last week or so and the USDCAD pair has not been spared. It has, however, found respect for the current bullish channel as it rejects off the top of it and may now look to target the bottom.
Asian Market Update: BOJ Raises Economic Assessment On Industrial Output, Exports, And Housing Investment Print E-mail
Daily Forex Fundamentals | Written by Trade The News | Dec 19 14 07:01 GMT
Broad-based risk-on rally that gave US stocks their biggest two-day gain of the year continued to reverberate in Asia. The recently oversold high-beta commodity sector of Australia has helped to pull the ASX200 by over 2%, with sharp gains in energy and metals. USD/JPY hit a fresh 1-week high of 119.40, helping Nikkei225 build on its gains. In China, Shanghai Composite was down in the morning session, but entered the final hour of trade with a new 4-year high above 3,100.
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