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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."



US New Home Sales Rise in September to Highest Level Since July 2008 from a Downwardly Revised Reading in August Print E-mail
Daily Forex Fundamentals | Written by RBC Financial Group | Oct 24 14 15:02 GMT
Sales of new single-family homes in the US edged upward by 0.2% to 467,000 annualized units in September, which was in line with market expectations for a 470,000 reading. The monthly pickup built on a 15.3% jump to 466,000 units in August; however, this was a sharp downward revision to the initially reported 504,000 level of sales. Sales were also revised downward in June and July to 409,000 and 404,000 units, respectively, from earlier reported levels of 419,000 and 427,000. Home sales rose in September in the Midwest (12.3%) after holding steady in the previous month and increased for the third consecutive month in the South (2.0%). In contrast, sales declined in the West (-8.9%) and remained unchanged in the Northeast after both regions recorded outsized gains of 28.1% and 42.9% in August.
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GBP/USD - Pound Steady as GDP Dips But Matches Forecast Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Oct 24 14 12:07 GMT
The pound is showing little movement for a second straight day, as GBP/USD trades in the mid-1.60 range in the European session. On the release front, British Preliminary GDP posted a gain of 0.7% in Q3, compared to 0.9% in the Q2 reading. The Index of Services came in at 0.8%, meeting expectations. Over in the US, today’s sole release is New Home Sales. The markets are expecting the indicator to soften this month, with an estimate of 473 thousand.
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A Welcome Boost For The EU Sentiment Print E-mail
Daily Forex Fundamentals | Written by ForexTime | Oct 24 14 11:01 GMT
The Eurodollar has traded narrowly for the past two days, with investors most likely focusing on the release of the European Central Bank (ECB) stress test report on Sunday evening. Several rumours have emerged that as many as 18 banks have failed the health checks that have been conducted on the 130 Eurozone banks. If this proves to be accurate, it will certainly have bearish implications on the Euro with the pair likely to open below 1.26 on Monday morning.
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AUD/USD – Listless As Markets Await US Housing Data Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Oct 24 14 10:58 GMT
It's been an uneventful week for AUD/USD, and this trend continues on Friday, as the pair trades in the mid-0.87-range in the North American session. In economic news, the sole US release on the schedule is New Home Sales. The markets are expecting the indicator to soften this month, with an estimate of 473 thousand. There are no Australian releases on Friday.
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EUR/USD – Euro Remains Rangebound Despite Strong German Consumer Confidence Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Oct 24 14 09:58 GMT
EUR/USD is showing little activity on Friday, as the pair continues to trade in the mid-1.26 range. The listless euro didn’t show any reaction as German Consumer Climate improved to 8.4 points. In the US, today’s sole release is New Home Sales. The markets are expecting the indicator to soften this month, with an estimate of 473 thousand.
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Gold Dips On Positive Jobless Claims Report Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Oct 24 14 09:57 GMT
Gold lost ground on Thursday, losing close to 1% of its value against the US dollar. On Friday, the metal's spot price stands at $1231.80 per ounce in the European session. Although Unemployment Claims rose to 284,000, the four-week average was down sharply. This improvement helped push gold lower against the dollar. On Friday, the sole release on the schedule is New Home Sales. The markets are expecting the indicator to soften this month, with an estimate of 473 thousand.
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European Market Update: Looming Weekend For Event Risk With ECB Stress Test Results Print E-mail
Daily Forex Fundamentals | Written by Trade The News | Oct 24 14 09:53 GMT
The GBP currency was a tad firmer as Q3 advance GDP came in line with expectation. The GBP/USD moved 40 pips higher towards 1.6070 area in the aftermath of the data release and poised to snap a 3-day losing streak. The USD/JPY pair was back above the 108 level aided by reports that BOJ saw a much bigger possibility of inflation slipping below 1%, pushed down by falling crude oil prices then opening the door for more potential QE
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BRL Sell-Off Intensifies As Polls Favor Rousseff’s Victory Print E-mail
Daily Forex Fundamentals | Written by Swissquote Bank SA | Oct 24 14 09:51 GMT
In Brazil, the second round of the presidential elections is due on October 26th. As the weekly closing bell approaches, the volatilities in BRL should remain elevated. USD/BRL’s 1-month implied volatility spiked above 26% on week to October 24th as speculative trades, leveraged bets were the major source of vol. The event risk is very high and the sensitivity to election polls, surveys and political views/comments may trigger two-side volatility pre-weekend.
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Gold Tumbles As US Dollar Strengthens Print E-mail
Daily Forex Fundamentals | Written by Easy Forex | Oct 24 14 09:15 GMT
The euro (EUR) moved even lower and reached the level of 1.2613 against the US dollar (USD). The single currency remains under pressure despite better than expected European Manufacturing PMI. The pair is now trading around 1.2654 and looks for a catalyst in order to make a rebound.
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China's Activity In Manufacturing Sector At 3-Month High In October Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Oct 24 14 08:10 GMT
Business activity in the Chinese manufacturing sector picked up to the highest level in three months in October, easing concerns over the pace of the nation's economic growth. The flash HSBC Manufacturing PMI gained to 50.4, up from the final September reading of 50.2. The Australian Dollar, China-dependent currency, was little changed versus the Greenback following the data release. Despite a modest increase in the gauge, a breakdown of the data showed output declined to 50.7, the lowest level in five months, new orders also slowed. The key employment component also fell for a 11th straight month, fuelling speculation of further stimulus from policymakers. Chinese authorities have repeatedly stressed their willingness to tolerate slowed growth as long as the labour market remains resilient. Economic growth in the third quarter fell to 7.3% year-on-year, down from 7.5% in the second quarter. While the data is positive by most standards, it marks China's poorest economic performance since 2009.
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Mixed Data From Euro Zone Indicates Economy Still In Danger Zone Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Oct 24 14 08:02 GMT
While German activity in the manufacturing sector unexpectedly rose in October, France continues to experience a decline in the corresponding gauge. The flash manufacturing PMI came in at 47.3, down from 48.8 in September and further below the 50-mark threshold, which separates expansion and contraction. The recent report of the Bank of France showed the sentiment indicator in the manufacturing sector declined to 96 in September from 97 a month earlier. On top of that, business activity in the nation's services sector also stayed in the contraction territory, with the corresponding reading falling to 48.1, down from 48.4 seen in September. In Germany, however, Markit's preliminary PMI for manufacturing sector surprisingly rose to the green zone, reaching 51.8 in October, up from September's 49.9. Business activity in the service sector waned somewhat, with the respective reading sliding to 54.8 in the reported month. Another big surprise on Thursday became unemployment data from Spain, as the nation's jobless rate decline in the third quarter to 23.7%, down from 24.5% in the prior three-month period. Nevertheless, Spain's unemployment rate still remains at unhealthy high level.
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Initial Jobless Claims Rise, But Stay Well Below 300,000 Level Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Oct 24 14 08:01 GMT
The number of Americans seeking unemployment benefits increased last week, yet remained near the lowest level in 14 years, adding to further evidence of improving labour market. Initial claims for jobless benefits rose by 17,000 to a seasonally adjusted 283,000 in the week ended 18 October, the Labor Department reported. The reading came in slightly higher economists' forecasts for the 282,000 claims. Also, unemployment claims for the preceding week were revised upwards by 2,000 to show 266,000. The four-week moving average for initial claims, which is considered to be a better gauge as it smooths out week-to-week volatility, dropped 3,000 to 281,000, the lowest level since May 2000. Adjusted for population growth, initial claims are hovering around the all-time low. The low level indicates increased optimism on the part of employers as the economic recovery gains momentum. Employers are now less likely to lay off employees, though they have also become more cautious about hiring new ones.
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UK Retail Sales Fall More Than Expected On Warm Autumn Weather Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Oct 24 14 07:59 GMT
Retail sales in Britain declined more than expected in September, as clothing sales experienced the biggest decrease since April 2012. The volume of sales dropped 0.3% from August, with clothing and footwear falling 7.8% as many consumers delayed buying winter clothing due to unseasonably warm September, the Office for National Statistics reported. Economists, however, had expected a 0.1% slide. Sales excluding fuel also dropped 0.3% following a negatively revised increase of 0.2% a month earlier. Nevertheless, year-on-year data showed total retail sales rose 2.7% compared with September last year, while core retail sales advanced 3.1%. Meanwhile, UK's manufacturing sector continued to recover in October, the Confederation of British Industries said. However, the sector is facing headwinds, including global political instability, increasing concerns about weakness in the continental Europe and recent strengthening of the Sterling, which weighs on export demand.
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NZ Inflation Cools, Moving Rate Hike Expectations Well Into 2015 Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Oct 24 14 07:58 GMT
The New Zealand Dollar weakened versus the Greenback after the release of inflation data, which disappointed market participants to the downside. Inflation slowed more than expected in the third quarter and the RBNZ forecast, giving Governor Graeme Wheeler ample room to keep borrowing costs on hold for longer following four lifts between March and July this year. The consumer price index climbed 1% in the three months through September from the previous year, following a 1.6% rise in the previous quarter, Statistics New Zealand reported. The reading fell considerably below the central bank prediction of 1.3%. The economy has been growing strongly for some time now, yet inflationary pressures remain surprisingly well contained. The New Zealand Dollar dropped to 78.71 U.S. cents from 79.09 cents immediately before the release.
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NZD Weaker On Trade Data, UK GDP In Focus Print E-mail
Daily Forex Fundamentals | Written by Swissquote Bank SA | Oct 24 14 07:27 GMT
The risk appetite remained limited in Asia as doctor back from South Africa tests positive for Ebola in NYC hospital. The US equity futures traded lower overnight; Dow Jones futures weakened 0.14%, S&P and Nasdaq futures are down 0.32% and 0.37% at the time of writing.
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USD Rebound Rally To Take A Breather Print E-mail
Daily Forex Fundamentals | Written by KBC Bank | Oct 24 14 06:33 GMT
Yesterday, the dollar stayed well bid as global sentiment on risk was constructive. USD/JPY returned north of 108. EUR/USD traded rather stable despite a better than expected EMU PMI. This morning, sentiment on risk is less buoyant. This might weigh on the dollar. Sterling traders will look out for the first estimate of the UK Q3 GDP.
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Asian Equities Higher On U.S. Earnings Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Oct 24 14 06:03 GMT
Asian stocks rose, with the regional benchmark index extending its first weekly gain in seven weeks, after U.S. earnings beat estimates and data signaled stronger European growth. The MSCI Asia Pacific Index (MXAP) advanced 0.5 percent to 137.72 as of 9:01 a.m. in Tokyo. The measure is heading for a 3 percent weekly advance after entering a correction last week.
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Euro Problems Not Running Away Print E-mail
Daily Forex Fundamentals | Written by Blackwell Global | Oct 24 14 06:01 GMT
Despite all of the noise you hear on the markets, none is more ominous than the Euro-crisis, which is dragging on into its 3rd year now. A combination of a crash, and deflation and what some might argue is the European Centrals Bank (ECB) inability to act on the markets, has so far hurt the Euro currency and confidence in the Euro-zone as a whole.
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Double Bottom Could Signal A Reversal For Oil Print E-mail
Daily Forex Fundamentals | Written by Blackwell Global | Oct 24 14 05:59 GMT
Oil markets have been a major talking point for many in the markets recently as the price of a barrel of crude hits a level not seen since June 2012. The fundamentals haven’t changed too much, but a technical intraday double bottom could signal a pull back towards the high $80s.
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EUR/USD: Euro Reverses Its Gains Ahead Of Germany's GfK Consumer Confidence Data Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Oct 24 14 05:19 GMT
The pair is expected to find support at 1.2618, and a fall through could take it to the next support level of 1.2585. The pair is expected to find its first resistance at 1.2681, and a rise through could take it to the next resistance level of 1.2711.
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