|
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."
|
|
Daily Forex Fundamentals |
Written by Forex.com |
May 23 12 11:58 GMT
|
|
We have heard conflicting information about Greece over the last 24 hours: first we heard that Greece was making plans to leave the Eurozone from former Prime Minister Papademos, which was denied. Then this morning reports from a German newspaper suggested that the ECB had set up a task force (tucked away in a bunker) working on the potential fallout from a Greek exit. It's likely that we will get these conflicting headlines between now and the end of the EU summit, which starts this evening at 1800 BST.
|
|
Read more...
|
|
|
Daily Forex Fundamentals |
Written by FXTimes |
May 23 12 11:56 GMT
|
|
The Bank of Japan met during the 5/22 Asian session to discuss monetary policy. The market has been pricing in more stimulus even though Shirakawa had spoke again st it. The BoJ added 10 tillion yen to its asset purchase program last month to make it 40 trillion yen, but kept it there this month. The overnight lending rate was also left below 0.1%.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Swissquote Bank SA |
May 23 12 11:05 GMT
|
|
Fitch downgraded Japan by two notches yesterday afternoon from AA to A+ with outlook negative. The agency justified the credit rating cuts by saying that the Japanese government isn't reactive enough in tackling its 'high and rising public debt ratios'.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Danske Bank |
May 23 12 10:53 GMT
|
|
Today's statement does not change our view that BoJ - armed with its new 1% inflation target - will stay on an easing path. We expect the bank to increase the limit for its asset purchase programme by JPY15trn in several stages during 2012 - mainly to create additional space for continuing its asset purchases in 2013. The next increase will probably be in July, but could happen as soon as the next meeting in June if stress in the financial markets continues to increase. BoJ is also likely to increase the maturities of its bond purchases at some stage (currently only maturities less than three years are eligible). Any substantial appreciation of JPY is poised to be met by more aggressive monetary easing from BoJ and possibly even renewed intervention in the FX market..
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Trade The News |
May 23 12 09:53 GMT
|
|
The session began on a defensive note as Greek EMU exit risk remained alive following the comments from the former Greek PM Papdemos. The informal EU summit was in focus but would not begin until after the European close today. The USD and JPY maintained a firm tone as risk aversion regained the upper hand (Asian markets were down 1-2%).
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by KBC Bank |
May 23 12 09:44 GMT
|
|
Tuesday, the euro came again under pressure even as the global context was not that negative. Sentiment on risk was constructive and intra-EMU spreads narrowed, but all this didn't prevent investors to use any upticks in the single currency to further reduce exposure. The key 1.2642/24 support is again coming within reach.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Dukascopy Swiss FX Group |
May 23 12 09:16 GMT
|
|
The Stoxx Europe 600 Index gained 1.91 per cent to 244.76. Germany's DAX Index edged higher 1.65 per cent and France's CAC 40 Index added 1.88 per cent. The U.K.'s FTSE 100 Index rose 1.86 per cent to 5,403.28.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by ICN.com |
May 23 12 09:10 GMT
|
|
U.K. retail sales unexpectedly dropped the most in more than two years in the month of April, reflecting the weakness in consumer spending that did not improve despite the drop in prices. The reading with auto fuel tumbled 2.3% in April from a revised of 2.0% and median expectations of -0.8%, while the reading excluding auto fuel also plunged 1.0% from a revised of 1.6%.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by ICN.com |
May 23 12 09:09 GMT
|
|
The Bank of England in May voted unanimously to keep the rate steady at the historic low of 0.5% and held the one-member dissent seen in April as only David Miles opted for 25 billion expansion in asset purchases.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Jyske Bank |
May 23 12 09:00 GMT
|
|
An otherwise calm day yesterday was followed by a strong rally towards 'safe havens'. The Greek ex-prime minister, Papademos, stated that an exit from the euro is an option and that preparations are being considered. This made EURUSD decline to a level below 127 after having been above 128. Earlier in the day, the rating agency Fitch downgraded the rating of the Japanese state from AA to A+.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by ICN.com |
May 23 12 07:34 GMT
|
|
The tension is evident as the sell-off wave swept the currency market including high yielding currencies, and the European stock futures are back once again to trade lower before the opening today. The risks of Greece leaving the euro area have become very influential on the markets lately with the expectations that anti-austerity parties will win the elections held on the seventeenth of June. Investors will be focusing today on the European summit held in Brussels with Greece being the main theme in addition to Spain`s Budget deficit.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Swissquote Bank SA |
May 23 12 07:19 GMT
|
|
Risk appetite waned overnight as markets interrupted their moment of respite brought to them by Chinese Premier Jiabao and the G8 over resolve of growth-oriented goals. The NIKKEI dropped 1.98%, the Hang Seng 1.54% erasing its gains from this week's rally. The AUD was at a six-month low against the USD reaching 0.9742, and the NZD was sent lower to December levels at 0.7488. News of Japan's downgrade by Fitch down two notches to A+ with outlook negative, as well as the decision of the BoJ to maintain unchanged its fund of JPY 40tn (USD 501bn) and its credit lending program at JPY 30tn explain the currency's appreciation against the dollar from earlier intraday high at 80.01. On the commodities side, the market-wide sentiment that it is possible for Greece to leave the EMU, sent the S&P GSCI index tracking 24 commodities to December 20 levels. WTI Crude for delivery in July shed 0.9% reaching 91.03 USD, and gold lost as much as 1.4% at 1555.49. Greek former PM Lucas Papademos was cited in the Wall Street Journal saying that the scenario of a greek exit will have "catastrophic" consequences for the nation and deep impact over the Eurozone. Papademos also added on CNBC that there were no preparations taking place for an exit and that the scenario is "unlikely to materialize". In spite of the reassuring comments, the EUR traded lower against the USD and sent the USD Index to a 20 -month high at 81.83. We believe the situation will continue to benefit the USD as investors ditch high beta currencies and could push the EURUSD lower with first support levels at 1.2625 and 1.2584.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by ICN.com |
May 23 12 06:53 GMT
|
|
The tension is gripping markets still with the uncertainty over the stability in Europe and expectations for a Greek euro exit. The common currency is still trading sharply lower as hope dims ahead of the informal EU summit in Brussels today, where previous hopes for any action evaporated as Germany confirmed that its stance did not drastically change!
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by ICN.com |
May 23 12 06:51 GMT
|
|
Bank of Japan decided to keep the interest rates unchanged at zero levels between 0.0% and 0.10%, matching analysts' expectations especially amid the current challenges that face the Japanese economy. On the other hand, BOJ kept the credit lending program at 30 trillion yen, and kept the asset purchase program unchanged at 40 trillion yen, disappointing markets as officials intend to save such actions for the upcoming months if conditions get worse due to Europe's debt crisis.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Easy Forex |
May 23 12 06:43 GMT
|
|
The euro (EUR) dropped near a 21-month low falling to 1.2645 from 1.2814 against the US dollar as risk aversion dominates the markets. Comments from former Greek Prime Minister Lucas Papademos raised concerns after he said that Greece has two options, stick to a painful austerity program or face a damaging default and a messy exit from the eurozone. Focus now turns to today’s informal EU summit where France is expected to push a proposal of joint eurozone bonds. The idea of joint bonds can help with funding difficulties for some heavily-indebted eurozone countries but that policy has been rejected by Germany before. EU leaders are also expected to focus more on growth and ways to help Greece stay in the euro.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Forex.com |
May 23 12 06:21 GMT
|
|
Japan was in focus today, with the BOJ ending its two day meeting, yesterday’s downgrade by Fitch and some weak trade data. Overall, the data and announcements proved to be yen positive, pushing USDJPY back below 80.00 early in the session.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Trade The News |
May 23 12 06:19 GMT
|
|
Short-covering on hopes of China stimulus appears to have run its course, as European worries re-emerged late in the US session and build more bearish momentum in Asian hours. Former Greek PM Papademos indicated there is a real risk Greece would exit the euro given the increasingly apparent political stalemate surrounding austerity rejection. Papademos did suggest that the pain of the "grexit" would be worse than heeding lender demands and subsequently clarified his position that no preparations for an exit were taking place, but the damage had been done, sending EUR back below $1.27. US equities finished near the lows, AUD and NZD fell to 6-month lows against the greenback, while front-month crude oil fell to 2012 lows. Attention turns to the informal meeting of European officials in Brussels later today, even though the momentum for a more radical solution such as the launch of euro bonds that boosted risky assets early in the week is clearly waning.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by GCI Financial |
May 23 12 05:00 GMT
|
|
For the 24 hours to 23:00 GMT, USD strengthened 0.82% against the JPY and closed at 79.99. The Yen fell after Fitch Ratings downgraded Japan to ‘A+’ and issued a negative outlook on the country’s credit rating.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by GCI Financial |
May 23 12 04:58 GMT
|
|
Meanwhile, Organization for Economic Co-operation and Development (OECD) stated Canadian economy would grow 2.2% this year and 2.6% in 2013, stronger than its November projections of 1.9% and 2.5%, respectively. It further urged Canada’s central bank to raise interest rates, and continue doing so through 2013 to cool housing prices and contain inflation.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by GCI Financial |
May 23 12 04:57 GMT
|
|
In the Asian session, at GMT0300, the pair is trading at 0.9761, with the AUD trading 0.34% lower from yesterday’s close, after World Bank cut growth forecast for China, its biggest trading partner. This morning, the World Bank cut its economic growth forecast for China to 8.2% for 2012 from 8.4%.
|
|
Read more...
|
|
|
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
|
|
Page 1 of 519 |
Latest in Fundamental Analysis
|
Forex Brokers
|
