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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 Crude Steady, New Home Sales Shines Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | May 24 16 16:04 GMT
US crude has posted slight gains and is trading at $48.67 in the North American session. Brent crude is trading at $48.90, as the Brent premium is a negligible $0.23. On the release front, US New Home Sales jumped to 619 thousand, well above the estimate. Richmond Manufacturing Sales declined 1 point, missing expectations. US housing reports continue to show impressive numbers. New Home Sales surged in April, with an excellent reading of 619 thousand, compared to 511 thousand a month earlier. This figure crushed the estimate of 521 thousand and marked an 8-year high. Last week, Existing Home Sales posted a second straight gain, improving to 5.45 million.
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Kiwi Dips to 8-Week Lows, NZ Trade Balance Next Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | May 24 16 15:23 GMT
NZD/USD has posted slight losses on Tuesday, following the downward trend in the Monday session. The pair is trading at 0.6720 in the North American session. On the release front, US New Home Sales jumped to 619 thousand, well above the estimate. Richmond Manufacturing Sales declined 1 point, missing expectations. Later in the day, New Zealand releases Trade Balance, with an estimate of NZ$25 million. On Wednesday, New Zealand will release its annual budget.
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Dollar Moves Handcuffed To Fed Talk Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | May 24 16 11:55 GMT
With "hawkish" Fed rhetoric remaining equities biggest hurdle, coupled with 'little' new U.S economic data, the end of the North American earnings season, and significant event risk in the coming month has investor sentiment shifting cautiously in favor of "wait and see." This approach continues to have a profound effect on forex trading ranges. Again this morning, the "big" dollar seems confined against most of its major pairs as we head to the open stateside, with the notable exception of the yen (¥109.53) and the pound (£1.4605). Due to a lack of decisive trading cues, investors are shifting attention to U.S. May jobs data due June 3 and Fed chairwoman Janet Yellen's speech on June 6.
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Brexit Commotions Heighten Sterling Sensitivity Print E-mail
Daily Forex Fundamentals | Written by ForexTime | May 24 16 11:27 GMT
The Sterling was catapulted onto an unpredictable path during trading this month as the intensifying Brexit debate heightened currency sensitivity which consequently left prices vulnerable to sharp swings. Explosive bursts of volatility have influenced the erratic movements in the Pound and these can be attributed to the mounting Brexit uncertainty that continues to leave investors anxious. Although the 'Bremain' camp has displayed dominance this month with current polls suggesting a lead, sentiment towards the Sterling remains bearish and this should offer encouragement for bears to pounce. While the growing fears over the immeasurable impacts of a Brexit to the UK economy continue to haunt investor attraction towards the Sterling, the rapidly diminishing expectations that the Bank of England may raise UK rates have pressured prices considerably.
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Euro Resumes Drop On Fed Rate Outlook, Dismal Economic Report Print E-mail
Daily Forex Fundamentals | Written by ICN.com | May 24 16 11:14 GMT
The euro traded near its lowest level in two months versus the U.S. dollar on Tuesday on expectations the Fed could hike interest rates next month, while dismal economic report added to concerns. Both Philadelphia Fed President Patrick Harker and San Francisco counterpart John Williams mentioned on Monday the Fed could hike interest rates two or three times in 2016. Recent comments and upbeat economic data from the U.S. have boosted the dollar against other major currencies.
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CHF Strenghten Amid Trade Surplus Print E-mail
Daily Forex Fundamentals | Written by Swissquote Bank SA | May 24 16 10:21 GMT
Swiss trade surplus improved slightly in April. Exports expanded 6.2%y/y in nominal terms in April - or a contraction of 0.6%y/y in real terms - after expanding 0.5% y/y in March. Imports increased 8.2%y/y versus 0.8%y/y in the previous month - or 3.2%y/y in real terms. Overall, the trade surplus printed at CHF2.5bn in April from an upwardly revised increase of 2.18bn in March.
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AUD/USD – Aussie Slips Below 0.72, Construction Report Next Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | May 24 16 09:56 GMT
The Australian dollar has posted losses on Tuesday, as the pair trades at 0.7160. On the release front, it is a quiet day. We’ll get a look at the week’s first key event, with the release of US New Home Sales. The markets are expecting the indicator to improve in the April report, with the estimate standing at 521 thousand. Later in the day, Australia will release Construction Work Done, with an estimate of -1.4%. On Wednesday, Australian Private Capital Expenditure, a key release, will be published.
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Gold Near 3-1/2 Week Low On Expectations Fed To Hike Rates Soon Print E-mail
Daily Forex Fundamentals | Written by ICN.com | May 24 16 09:54 GMT
Gold resumed its drop for a fifth straight session on Tuesday, trading neat its lowest level in 3-1/2 weeks, amid growing expectations the Federal Reserve would hike interest rates as soon as possible. The precious metal hit a low of $1241.71 an ounce, while currently trading around $1242.76 from the opening at $1248.62. Gold posted its sharpest weekly fall in two months last week, while currently on track for its biggest monthly decline since November as recent comments from Fed officials supported the case the Fed would raise rates as soon as convenient.
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European Market Update: Eurogroup Again Meets On Greece Print E-mail
Daily Forex Fundamentals | Written by Trade The News | May 24 16 09:30 GMT
USD/JPY firmer by 0.4% around 109.50 in post G7 Summit environment. Japan Fin Min Aso noted that it was natural that countries had various view on fx market; no doubt that G7 is united on currency views. Aso believed that FX move of 5 big figures (500 pips) over 2 days time would be considered as one-way move
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USD/JPY – Yen Subdued In Data-Light Tuesday Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | May 24 16 08:50 GMT
USD/JPY is steady on Tuesday, following losses which marked the Monday session. The pair is trading quietly at 109.50. On the release front, it continues to be a quiet week. Today’s highlight is US New Home Sales. The markets are expecting the indicator to improve in the April report, with the estimate standing at 521 thousand. There are on Japanese releases on the schedule.
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EUR/USD – Euro Listless At 1.12, Fed Members Favor Rate Hikes Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | May 24 16 07:51 GMT
EUR/USD is almost unchanged in Tuesday trading, continuing the lack of movement which has characterized the pair since last week. The pair continues to hug the 1.12 line. On the release front, German GDP posted a gain of 0.7%, matching the forecast. Germany releases ZEW Economic Sentiment, with the indicator expected to improve to 12.1 points. Eurozone ZEW Economic Sentiment is also expected to climb, with the forecast at 23.4 points. In the US, today's key event is New Home Sales. The markets are expecting the indicator to improve in the April report, with the estimate standing at 521 thousand. On Wednesday, Germany releases Ifo Business Climate.
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Euro Zone's Business Growth Falls To 16-Month Low In May Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | May 24 16 07:46 GMT
An important economic indicator of the Euro zone's economic health dropped in May to its lowest level in 16 months despite the efforts of the ECB to boost growth and business activity in the region. The flash Eurozone PMI Composite Output Index indicated that business activity in the 19-country region slid to 52.9 in May from 53.0 in April, failing to meet analysts' expectations for an estimated 53.2. Moreover, a separate research of the bloc's factory arena showed the flash Manufacturing PMI was at 51.5 in May, compared to 51.7 seen in the previous month, while economic forecast was on 51.9. Meanwhile, conditions in the Euro zone services sector remained unchanged as the gauge came in at 53.1, the same as in April, while analysts expected a slight improvement to 53.3 in May. A level below 50.0 signals a drop from the previous month, while a level above signals an increase. Thus, the latest PMIs suggest that economic growth has slowed in the Euro area in the second quarter and that business activity remained subdued.
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US Manufacturing Sector Continues To Struggle In May Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | May 24 16 07:44 GMT
Business activity in the US manufacturing sector continued to decline in May with new orders increasing at the slowest rate so far this year, as manufacturers have been hit hard by a stronger US Dollar and tepid global demand. Markit's preliminary manufacturing PMI eased to 50.5 this month, down from 50.8 in April, when it logged the worst performance since September 2009. The gauge remained well below the post-crisis average of 54.1. A renewed decline in production was one key factor weighing on the headline index in May, alongside softer new order growth and further cuts to stocks of inputs.
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RBA Governor Glenn Stevens Defends Inflation Targeting Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | May 24 16 07:42 GMT
The Reserve Bank of Australia's outgoing Governor Glenn Stevens defended the central bank's inflation target amid calls from some economists to сut the interest rate amid persistently low inflation around the globe. The Governor said that impossible to control inflation in the 'very short-term and you shouldn't try.' Australia's annual inflation rate has remained below 2% since the third quarter of 2014. Australia's weak inflation outlook underscores the challenge facing Stevens's successor, his current deputy Philip Lowe. Stevens is due to step down on September 17. The Governor added that inflation was currently a 'bit too low' but voiced confidence it would return to the 2%-3% range in the medium-term. Beyond weaker-than-expected inflation numbers Stevens said the economy was performing reasonably, but admitted growth was not progressing at the desired rate. The head of the central bank also highlighted a cooling of the housing market, although the RBA remained vigilant given the risks of low interest rates.
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G10 Currencies Lose Ground Amid Fed Rate Hike Expectations Print E-mail
Daily Forex Fundamentals | Written by Swissquote Bank SA | May 24 16 07:32 GMT
The US dollar strengthen substantially in overnight trading amid rising expectation about an upcoming rate hike by the Federal Reserve. The greenback gained ground against almost all G10 currencies with the exception of the pound sterling that was able to stabilise slightly below the 1.45 threshold. The probabilities of a rate hike at the June meeting - extracted from the overnight index swap - rose to 27% on Tuesday from almost zero a month ago.
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USD Rebound Slows Print E-mail
Daily Forex Fundamentals | Written by KBC Bank | May 24 16 07:25 GMT
Yesterday, the dollar stabilized against the euro. USD/JPY declined off the 110 area as global equity sentiment turned negative. Today’s trading pattern might be quite similar to yesterday as eco data are only of second tier importance. GBP-traders will keep an close eye at the hearing of BoE governor before parliament.
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Carney In For A Grilling As Referendum Nears Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | May 24 16 06:51 GMT
European equity markets are expected to open a little lower on Tuesday, tracking similar losses in Asia overnight but remaining firmly within this month's relatively tight trading range. Investors are very much in wait-and-see mode right now with the next month bringing two very notable risk events, the E.U. referendum in the U.K. and a possible rate hike from the Federal Reserve. Investors have been in denial about the potential for a summer rate hike for most of this year but appear to be coming around to the idea now that the Fed has firmed up its stance on the matter, insisting that June is very much live and a hike is warranted if the data continues to perform as it has. I think the market still has some way to go to completely buy into the idea though, something Janet Yellen could have a big say on this Friday.
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AUD/USD: Aussie Trading Lower This Morning Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | May 24 16 06:32 GMT
The pair is expected to find support at 0.7188, and a fall through could take it to the next support level of 0.7156. The pair is expected to find its first resistance at 0.7255, and a rise through could take it to the next resistance level of 0.7290.
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EUR/USD: Euro Trading A Tad Lower, Ahead Of Germany's Final Q1 GDP Data Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | May 24 16 06:30 GMT
The pair is expected to find support at 1.1182, and a fall through could take it to the next support level of 1.1153. The pair is expected to find its first resistance at 1.1241, and a rise through could take it to the next resistance level of 1.1271.
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GBP/USD: Pound Trading Higher, Ahead Of UK's Public Sector Net Borrowing Data Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | May 24 16 06:27 GMT
The pair is expected to find support at 1.4438, and a fall through could take it to the next support level of 1.4385. The pair is expected to find its first resistance at 1.4546, and a rise through could take it to the next resistance level of 1.4601.
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