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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 Fourth-Quarter 2014 GDP Growth Revised Lower Print E-mail
Daily Forex Fundamentals | Written by RBC Financial Group | Feb 27 15 16:03 GMT
The second estimate of fourth-quarter 2014 GDP saw the annualized growth rate cut to 2.2% from the first estimate of 2.6%. Market expectations had been for a slightly greater downward revision to 2.0%. Data continued to indicate moderation in growth from outsized gains in the third and second quarters of 2014 of 5.0% and 4.6%, respectively.
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USD/JPY - Little Activity as Japanese Inflation Reports Meet Expectations Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Feb 27 15 13:26 GMT
The Japanese yen is unchanged on Friday, as USD/JPY trades in the mid-119 range. On the release front, the US will issue its second estimate of GDP for Q4, with a forecast of 2.1%. This is lower than the initial estimate of 2.6% in January. We'll also get a look at Revised UoM Consumer Sentiment and Pending Home Sales. In Japan, today's only event was Housing Starts. The indicator posted a weak reading of -13.0%.
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GBP/USD - Limited Movement Ahead of Key US Reports Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Feb 27 15 11:42 GMT
The pound has stabilized on Friday, as GBP/USD trades at the 1.54 line in the European session. On the release front, the US will issue its second estimate of GDP for Q4, with a forecast of 2.1%. This is lower than the initial estimate of 2.6% in January. We'll also get a look at Revised UoM Consumer Sentiment and Pending Home Sales. There are no UK releases on Friday.
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Gold Stable Ahead of US GDP Release Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Feb 27 15 11:27 GMT
Gold has shown limited movement on Friday, as the spot price stands at $1205.02 in the European session. On the release front, the US will issue its second estimate of GDP for Q4, with a forecast of 2.1%. This is lower than the initial estimate of 2.6% in January. We'll also get a look at Revised UoM Consumer Sentiment and Pending Home Sales.
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EUR/USD - Euro Stable After Sharp Slide to 1.12 Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Feb 27 15 11:25 GMT
EUR/USD has stabilized on Friday, as the pair trades in the low-1.12 range in the European session. The euro took a dive on Thursday in response to better-than-expected US durables data. Durable Goods Orders jumped 2.8%, while Core Durable Goods improved to 0.3%. Friday is busy on the release front. In the Eurozone, today's highlight is German Preliminary CPI, with the markets expecting a respectable gain of 0.6%. The US will release its second estimate of GDP for Q4, with a forecast of 2.1%. This is lower than the initial estimate of 2.6% in January. We'll also get a look at Revised UoM Consumer Sentiment and Pending Home Sales.
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Currency Markets Update Print E-mail
Daily Forex Fundamentals | Written by ForexTime | Feb 27 15 08:49 GMT
The USD struggled to find direction early on Thursday but pushed significantly higher against its trading partners later in trading. Durable goods in January climbed much higher than expected, which provided comfort to traders that the US economy is continuing to make progress. Another contributor behind the prevailing support for the USD is that Federal Reserve Chairwoman Janet Yellen told the USD bulls what they needed to hear during her testimony to Congress, with this being confirmation that the FOMC will still be raising US interest rates this year. It might not occur as soon as the USD bulls would prefer, but knowing it is going to happen at some point is keeping the USD supported.
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Euro Hammered As Markets Prepare For ECB QE Print E-mail
Daily Forex Fundamentals | Written by KBC Bank | Feb 27 15 08:23 GMT
Yesterday, the euro was hammered as EMU core bond yields nosedived ahead of QE. A the same time, the dollar received moderate interest rate support as US CPI was slightly higher than expected. EUR/USD dropped to the 1.12 area. The gain of the dollar against the yen was much more limited. Will US data and Fed speak further support the dollar?
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German Consumer Mood Brightens, Labour Market Strengthens Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Feb 27 15 07:15 GMT
German consumer mood brightened amid increasing optimism about the economic growth and low oil prices, which freed up cash for Germans to spend. Confidence among German consumers hit the highest level since late 2001, according to the market research group GfK. Its forward-looking Consumer Sentiment Index rose from 9.3 points in February to 9.7 points in March. GfK admitted that geopolitical problems such as the Ukraine conflict and financial problems in Greece appeared to have a limited impact on German consumers. That is not a surprise given the nation's economy continue to strengthen with the unemployment rate falling to the lowest level in more than two decades in February. The Labour Office reported that the number of jobless people declined by a seasonally adjusted 20,000 to 2.812 million, the level last seen in December 1991. The jobless rate was at a record low of 6.5% for a third consecutive month in February and remains the lowest since German reunification in 1990.
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US Joins Deflation Club, Initial Jobless Claims Rise More Than Expected Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Feb 27 15 07:14 GMT
Welcome to the club! The annual inflation rate in the world's number one economy turned negative in January for the first time since 2009. The Labor Department reported that consumer price index dropped 0.1% in the reported month from a year earlier. However, core inflation, which strips out energy and food costs, stayed positive at 1.6% on an annual basis, but below the Fed's 2% goal. Deflation was not the only negative piece of news, as the number of Americans who applied for unemployment benefits in the week ending February 20, rose more than expected, pushing the reading back above 300,000. The Labor Department said weekly applications jumped 31,000 to a seasonally adjusted 313,000, the highest in six weeks. The four-week average, a less volatile measure, increased 11,500 to 294,500. Meanwhile, continuing claims for the week ending February 7 came in at 2.401 million, compared to the preceding week's revised reading of 2.422 million.
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UK Economy Grows 0.5% In Q4, Business Investment Falls The Most In Six Years Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Feb 27 15 07:12 GMT
The British economy grew in the fourth quarter of 2014 in line with expectations, according to the second estimate released by the Office for National Statistics. The UK GDP fell to 0.5% in the reported period, down from 0.7% in the previous three-month period. The second estimate is based on 50%-60% of available data from the expenditure and income side. The final reading is due in late March. The biggest upward catalyst on the output side of GDP was the services sector, increasing 0.8% between the third and fourth quarters. The largest drag on growth came from a weaker construction sector, which plummeted 2.1% between the two quarters. In 2014 as a whole, the UK economic output surged 2.6% from the previous year. The full-year growth reading was also left unrevised.
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Australia's CAPEX Falls More Than Expected In December Quarter Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Feb 27 15 07:11 GMT
New private capital expenditure in Australia fell more than analysts predicted in the December quarter, weighed down by reduced spending on buildings and structures, raising likelihood for another rate cut from the Reserve Bank of Australia. Private capital expenditure dropped a seasonally-adjusted 2.2% in the final quarter after increasing a revised 0.6% previously, the Australian Bureau of Statistics reported, coming in weaker than the market expectation for a 1.7% slide in investment. Measured on an annual basis, private investment declined 3.6%. Moreover, it is estimated that investment spending would fall by 12.5% to A$109.7 billion in 2015-2016. Meanwhile, capital spending by companies declined 2.2% in the December quarter, against economists' expectations for a 1.6% fall.
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Canada's Inflation Falls To One-Year Low, Core CPI Remains Steady Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Feb 27 15 07:10 GMT
Inflation rate in Canada fell to the lowest level in more than a year in January, as plunging oil prices continue to impact consumer prices. According to Statistics Canada, January inflation slid to 1% from a year earlier, the level last time seen in November 2013, following the 1.5% reading in the prior month. Measured on a monthly basis, CPI dropped 0.2% from December. The sharp decline was led by a precipitous fall in gasoline prices, which plummeted 12.4% on month, and 26.9% on year. Nevertheless, the core inflation rate, which irons out eight volatile components of total CPI including gasoline and other fuels, remained unchanged at 2.2%, reinforcing the view that the energy price slump still does not impact the country's broader inflation picture.
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AUD/USD: Aussie Trading Lower This Morning Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Feb 27 15 06:29 GMT
The pair is expected to find support at 0.7744, and a fall through could take it to the next support level of 0.7692. The pair is expected to find its first resistance at 0.7880, and a rise through could take it to the next resistance level of 0.7965.
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EUR/USD: Euro Trading Higher Ahead Of Germany's CPI Data Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Feb 27 15 06:27 GMT
The pair is expected to find support at 1.1136, and a fall through could take it to the next support level of 1.1061. The pair is expected to find its first resistance at 1.1333, and a rise through could take it to the next resistance level of 1.1455.
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GBP/USD: Pound Trading Higher In The Asian Session Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Feb 27 15 06:27 GMT
The pair is expected to find support at 1.5369, and a fall through could take it to the next support level of 1.5301. The pair is expected to find its first resistance at 1.5529, and a rise through could take it to the next resistance level of 1.5622.
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USD/JPY: Japanese Yen Trading Lower In The Asian Session Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Feb 27 15 06:26 GMT
The pair is expected to find support at 118.80, and a fall through could take it to the next support level of 118.32. The pair is expected to find its first resistance at 119.63, and a rise through could take it to the next resistance level of 119.99.
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USD/CHF: Swiss Franc Reverses Its Losses Ahead Of Switzerland's KOF Leading Indicator Data Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Feb 27 15 06:25 GMT
The pair is expected to find support at 0.9450, and a fall through could take it to the next support level of 0.9398. The pair is expected to find its first resistance at 0.9551, and a rise through could take it to the next resistance level of 0.9601.
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USD/CAD: Loonie Trading Higher In The Asian Session Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Feb 27 15 06:23 GMT
The pair is expected to find support at 1.2406, and a fall through could take it to the next support level of 1.2318. The pair is expected to find its first resistance at 1.2560, and a rise through could take it to the next resistance level of 1.2625.
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Asian Market Update: Lower Oil Prices Continue To Weigh On Japan Inflation Print E-mail
Daily Forex Fundamentals | Written by Trade The News | Feb 27 15 05:00 GMT
Raft of fresh data out of Japan continues to signal that all of policymakers' cheerleading of the economy has yielded little progress. Jobless rate rose to a 4-month high after falling to 17-year lows last month despite reports of tightening labor markets going into the spring wage talks. Household spending was also down again, falling for the 10th straight month, while the drop in retail sales was wider than expected. CPI figures, the most closely monitored metric for its potential implication on BOJ policy, were similarly unimpressive. Nationwide, core CPI hit a 10-month low of 2.2%, and stripping away the tax increase impact core CPI fell to just 0.2% from 0.5% in December. Subsequent commentary from BOJ Gov Kuroda once again showed the central bank is taking the latest developments in stride - reiterating economy is on "moderate recovery trend", exports are picking up, and the BOJ will only monitor to the impact of oil prices on inflation rather than responding with more policy measures. Kuroda added there is no single measurement that accurately captures price trends, and that over the long term the impact of lower oil will be positive for economy. Despite the troubling data, USD/JPY was little moved in Asian trade, contained to a 20pip range below 119.40.
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Aussie Back Within Range - US GDP To Have Final Say Print E-mail
Daily Forex Fundamentals | Written by ThinkForex | Feb 27 15 04:01 GMT
The focal point for traders will be Q4 GDP from the US which is widely expected to have been revised down to 2.1% from 2.6%. This leaves the Aussie open to further selling if GDP is not as bad as traders feared. If it is lowered to around 2.1% then we could see an upside move towards 0.783 but I doubt we will close back above here this week. 
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