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Forex Daily Fundamental Reports
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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."
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Daily Forex Fundamentals |
Written by RBC Financial Group |
May 17 13 14:17 GMT
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The unadjusted all-items Canadian CPI index fell 0.2% in April, bringing the annual inflation rate down to 0.4% from 1.0% in March. On a seasonally adjusted basis, consumer prices fell 0.4%. The Bank of Canada's core measure posted a slightly lower than expected 0.1% gain in April on an unadjusted basis while the seasonally adjusted index held steady. Relative to a year earlier, the Bank's core rate slipped to 1.1% from 1.4% in March.
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Daily Forex Fundamentals |
Written by Ashraf Laidi |
May 17 13 13:48 GMT
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Recent rallies in Non-USD currencies resulting from poor US data have not lasted long. And those rallies resulting from strong US figures via the indirect effect of rallying equities (risk-on) have not lasted either. Broadening pro-USD sentiment may stay for longer than we had thought as the US dollar index has exited from another 9-year down cycle.
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Daily Forex Fundamentals |
Written by OANDA |
May 17 13 11:56 GMT
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It seems that every time that Capital markets start to feel optimistic this so-called US recovery disappoints. Yesterday's disappointing US data (weekly claims, Philly Fed and housing starts) are renewing the debate whether tapering Fed bond buying in the second half of this year would be premature. An end to stimulus would probably see the Fed hiking the Fed Funds rate. A current concern is that with tapering the market seems to automatically link and end to QE with higher borrowing costs. In this scenario it would not necessarily mean the end of either the current risk rally or even US equities.
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Daily Forex Fundamentals |
Written by ICN.com |
May 17 13 10:46 GMT
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The European Banking Authority (EBA) announced that it has agreed on recommendations to supervisors to conduct asset quality reviews on top EU banks, which will postpone the region`s next round of stress tests until 2014.
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Daily Forex Fundamentals |
Written by Swissquote Bank SA |
May 17 13 10:26 GMT
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The risk sentiment deteriorated after the disappointing US data released across the week. The US dollar remains bid, yet the fading speculations on the hawkish Fed moderated the recent USD-bull. Euro and Sterling retraced gains, while the selling pressure on Aussie gathered curiosity.
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Daily Forex Fundamentals |
Written by Trade The News |
May 17 13 10:22 GMT
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FX price action was quite limited in a quiet European morning. The EUR/USD was still stayed well contained within recent ranges with Mid-East bids said to be providing support at 1.2840 area. The JPY remained near rend lows ahead of Japan PM Abe speech to provide his third tranche of his "Abenomics" prescription to help Japan economy. This portion to focus on reforms to achieve growth through stimulating private investment. There were rumors that the Govt might lower the Corp tax rate.
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Daily Forex Fundamentals |
Written by Dukascopy Swiss FX Group |
May 17 13 09:34 GMT
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Consumer prices hike in the 17-nation economy has slowed to the lowest level in more than three years, as fuel and telecommunications costs dropped substantially, the EU statistics office, Eurostat said Thursday. Price pressure rose only 1.2% last month from the same month a year earlier, a reading which is significantly lower than the 1.7% inflation recorded for March. On a monthly basis, consumer prices dropped 0.1% in April, from 1.2% in March. Core inflation, which excludes energy, food, alcohol and tobacco, tumbled to 1% from 1.5% a month ago. Latest data is another sign of economic weakness in the region, where most of the countries are languishing in recession. However, a record-low interest rates are expected to spur the inflation, but when economic growth is very weak, authorities worry more about deflation.
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Daily Forex Fundamentals |
Written by ICN.com |
May 17 13 09:18 GMT
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European equities retreated on Friday trading session, edging off multi-year highs as a Federal Reserve policy maker said the central bank may begin slowing the pace of its $85 billion in monthly bond-buying amid signs the economy is gradually gaining strength.
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Daily Forex Fundamentals |
Written by ICN.com |
May 17 13 08:03 GMT
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The euro and Japanese yen are poised to extend their weekly slump, as the dollar ruled currencies market with a rod of iron on the back of the Federal Reserve`s stimulus outlook, rooting the greenback near a 10-month high against a six-currency basket.
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Daily Forex Fundamentals |
Written by ICN.com |
May 17 13 07:51 GMT
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Credit rating agency Moody's has upgraded Turkey's rating by one notch to investment grade and has assigned a stable outlook for the first time in 20 years as the government reduced its debt and current-account deficits.
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Daily Forex Fundamentals |
Written by KBC Bank |
May 17 13 07:49 GMT
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The recent slide of EUR/USD slowed, but the pair failed to profit from a series of poor US eco data. Fed speakers, including governor Williams, continue the debate on the tapering of asset purchases. These expectation are putting a strong floor under the dollar. The trade-weighted dollar is still near the key 84.10 level
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Daily Forex Fundamentals |
Written by Swissquote Bank SA |
May 17 13 07:14 GMT
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The optimism on Japan improved the risk appetite overnight as the Japanese machine orders surged 14.2% in March versus 3.5% expected by the markets. The Nikkei 225 extended gains by 0.6%, while USDJPY and JPY crosses remained bid in Tokyo. USDJPY recovered from 101.83 seen after the US data and the bids gained pace above 102.30 in the European opening. Solid bids are seen around 102.00 while stops are mixed above 101.80. Weaker option barriers and offers are reported at 102.75/103.00.
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Daily Forex Fundamentals |
Written by Westpac Institutional Bank |
May 17 13 05:33 GMT
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The US dollar index is around 0.3% lower. EUR rose from 1.2847 to 1.2930. USD/JPY fell from 102.68 to 101.83. AUD initially fell to 0.9798 – a fresh one-year low – but then bounced to 0.9882 as the USD weakened. NZD similarly made a six-month low of 0.8139 before bouncing to 0.8209. AUD/NZD rose from 1.1960 to 1.2050.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 17 13 05:29 GMT
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The pair is expected to find support at 1.2828, and a fall through could take it to the next support level of 1.2795. The pair is expected to find its first resistance at 1.2913, and a rise through could take it to the next resistance level of 1.2965.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 17 13 05:29 GMT
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The pair is expected to find support at 1.5187, and a fall through could take it to the next support level of 1.5129. The pair is expected to find its first resistance at 1.5314, and a rise through could take it to the next resistance level of 1.5383.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 17 13 05:28 GMT
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The pair is expected to find support at 0.9593, and a fall through could take it to the next support level of 0.9519. The pair is expected to find its first resistance at 0.9725, and a rise through could take it to the next resistance level of 0.9783.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 17 13 05:27 GMT
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The pair is expected to find support at 0.9708, and a fall through could take it to the next support level of 0.9657. The pair is expected to find its first resistance at 0.9855, and a rise through could take it to the next resistance level of 0.9951.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 17 13 05:26 GMT
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The pair is expected to find support at 1.0169, and a fall through could take it to the next support level of 1.0123. The pair is expected to find its first resistance at 1.0239, and a rise through could take it to the next resistance level of 1.0263.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 17 13 05:25 GMT
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The pair is expected to find support at 101.87, and a fall through could take it to the next support level of 101.41. The pair is expected to find its first resistance at 102.75, and a rise through could take it to the next resistance level of 103.16.
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Daily Forex Fundamentals |
Written by Forex.com |
May 17 13 05:16 GMT
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Yesterday's surprisingly good GDP and better than expected machine orders figures today beg the question, is Abenomics working? Japan's economy grew at the fastest pace among all G7 countries in Q1. GDP increased 0.9% during the first quarter of this year, compared to an expected 0.7% rise and a revised 0.3% in the prior quarter. Also, machine orders increased 14.2% in March, beating an estimated gain of 3.5%. At face value it certainly looks like Abe's policies are boosting the Japanese economy.
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