|
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 |
Feb 10 12 06:28 GMT
|
|
The RBA cut its growth and inflation forecasts for 2012 as uncertainty surrounding economic conditions offshore flow into the domestic economy. On Tuesday, the bank decided to keep interest rates at 4.25%, surprising a market that was looking for a 0.25% cut, however this recent report is more dovish than expected which means economists might get there cut next month.
|
|
Read more...
|
|
|
Daily Forex Fundamentals |
Written by Lloyds TSB |
Feb 10 12 06:22 GMT
|
|
The Bank of England's announcement to increase QE by £50bn was was widely anticipated. However, the change in maturity of purchases led to a marked shift in markets and the tone of the statement seemed to suggest that the policy debate had now reached a more finely balanced phase, partly a reflection of the improvement in short-term indicators.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Easy Forex |
Feb 10 12 04:40 GMT
|
|
U.S. Dollar Trading (USD) the market sentiment improved on the Greece announcement that there had been an agreement between the EU/IMF and a new Austerity budget to be now voted on over the weekend. Weekly Jobless Claims fell to 358k and is another solid release adding to the improving jobs argument. The Euro (EUR) the EUR/USD traded at fresh highs briefly above 1.3300 on the back of the Greece breakthrough and ECB President Draghi comments that there were tentative signs of stabilization to economic outlook. In US stocks, DJIA +6 points closing at 12890, S&P +2 points closing at 1352 and NASDAQ +11 points closing at 2927. Looking ahead, January German CPI forecast at -0.4%m/m. Later we have February Michigan Consumer Sentiment at 74.5 vs. 75 previously.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by ecPulse.com |
Feb 10 12 04:21 GMT
|
|
An unexpected collapse in demand for Chinese goods caused the exports to decline for the first time in more than two years in January, as the nation's trade was disrupted by the weeklong Chinese New Year holiday and Europe's escalating debt crisis that hurt the overseas demand.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Westpac Institutional Bank |
Feb 10 12 03:05 GMT
|
|
Risk sentiment improved slightly further after an announcement during the London session that Greek politicians had agreed on austerity measures which were acceptable to the IMF/EU/ECB troika. Eurogroup head Juncker later restrained the market, pointing out that a decision on the next rescue package was unlikely at the Eurozone finance ministers' meeting currently in progress, citing the requirement for Greece's parliament to approve the measures before a rescue off er can be made. The S&P500 is currently 0.3% higher, the muted advance perhaps partly due to much of the good news (including expectations) already being priced in. The CRB commodities index is 0.2% higher (oil +1.1%, copper +1.7%, gold +0.3%). US 10yr treasury yields are 7bp higher at 2.05% after earlier probing 2.08%, and the 30yr auction was tepid. The Greek 10yr shed 20bp in yield, Portugal -18bp.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Forex.com |
Feb 10 12 03:01 GMT
|
|
A meeting of European finance ministers broke late in the NY session. The market remained fairly calm as Luxembourg's PM Juncker and EU's Rehn attempted to reassure the market that a deal would be reached by next week, but Greece's Finance Minister Venizelos spooked the market with his comment that Greece faces the choice of staying in the euro, with the markets seemingly taking this to mean that Athens is considering leaving the euro. However, we are of the opinion that a deal will be reached before the Feb 15 deadline.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Forex.com |
Feb 10 12 03:00 GMT
|
|
Sentiment was moderately higher after Greek leaders agreed on an austerity package ahead of a meeting between EU finance ministers. The dollar is mostly weaker against the majors with the exception of the JPY, AUD, and NZD as stocks and Treasury yields advance. Key central banks made policy announcements this morning with the Bank of England maintain rates at 0.50% and expanding its asset purchase target by 50B£ to 325B£ as expected while the European Central Bank kept rates on hold at 1.00% as expected.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Danske Bank |
Feb 09 12 19:47 GMT
|
|
The ECB kept the refinancing rate unchanged at 1% as expected by most analysts. At the press conference, Draghi highlighted that "survey indicators confirm some tentative signs of a stabilisation in economic activity". This signals that the ECB's concerns regarding the growth outlook have diminished somewhat since the last meeting.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Forex.com |
Feb 09 12 19:41 GMT
|
|
The European Central Bank meeting today provided the bulk of excitement as we headed to the end of the London Session. Mario Draghi announced two things that stood out: 1, that the ECB was extending its eligibility criteria for seven national central banks to make it easier for their financial institutions to attract capital, and 2, that the Committee felt there were signs of stabilization in the economy and it now expects a gradual recovery after growth troughed at the end of 2011.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Forex.com |
Feb 09 12 16:41 GMT
|
|
USD is weaker against all of the G10 currencies except for the JPY and NOK. The Dollar Index continues to decline within its daily ichimoku cloud and approaches possible support at the base of the cloud around 77.85/90. Risk sentiment is firmer after the BOE announces more accommodative policy and Greek party leaders reach an austerity deal. European stock markets are currently trading to the upside and US equities are mixed with the DJIA currently up about +0.08% while the S&P 500 is lower by around -0.05%. The U.S. 10-yr Treasury yield is higher and above the 100-day SMA and 2.00% level. On the data front, weekly initial claims fell by more than expected to 358k from the prior 373k (cons. 370k) and December wholesale inventories rose 1.0% (cons. 0.4% prior 0.0). The better than expected data has taken a backseat to central bank news and Greek headlines however headline risk remains as EU finance ministers gather in Brussels.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by FXTimes |
Feb 09 12 15:53 GMT
|
|
The ECB president stuck to a mainly "wait and see" mode in his press conference reiterating the position that economic conditions have stabilized at low levels but showed concern about downside risks ahead.
From ECB Statement: "Available survey indicators confirm some tentative signs of a stabilisation in economic activity at a low level around the turn of the year, but the economic outlook remains subject to high uncertainty and downside risks. The underlying pace of monetary expansion remains subdued."
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by RBC Financial Group |
Feb 09 12 15:25 GMT
|
|
US initial unemployment insurance claims declined 15,000 to 358,000 in the week ending February 4, 2012, thereby building on a 6,000 drop to an upwardly revised 373,000 level (initially reported as 367,000) the previous week. The level of claims in the latest week was below market expectations for a 370,000 reading. The four-week moving average of initial claims, which better controls for weekly volatility, declined for a fourth consecutive week, falling to 366,250 from 377,250 (was 375,750) the previous week. Continuing claims rose 64,000 in the week ending January 28, 2012, thereby partially retracing the previous week’s 116,000 decline.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Saxo Bank |
Feb 09 12 14:49 GMT
|
|
The market wants to celebrate the Greek bailout deal as a Euro positive, but isn't there also a Euro-bearish case to be made in the wake of this deal as well? Also, USDJPY pushing at key resistance. As we are writing this, there are reports of a deal on Greece being signed that sent EURUSD back toward 1.3300 again after earlier in the day the EURUSD had both attained that level and sold off sharply from it - only to sell off again as strong US data was released and Draghi was out speaking.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Danske Bank |
Feb 09 12 14:39 GMT
|
|
The Bank of England announced earlier today that it will continue with its quantitative easing programme. Specifically, the Bank of England will purchase £50bn Gilts over the next three months, i.e. monthly buying will decrease slightly from £18.7bn to £16.7bn. As the bond supply in H1 is slightly higher than in Q4, there will be a modest reduction in the net impact of QE. QE will still outpace supply though and today's decision should, therefore, be seen as a loosening of monetary policy intended to keep yields low.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Forex.com |
Feb 09 12 13:23 GMT
|
|
Today the BOE increased QE by GBP50bn and kept the benchmark interest rate at 0.5%, as expected. In his letter to the Chancellor BOE Governor Mervyn King said that the extra QE was necessary to ensure inflation doesn't undershoot its target.
Even though King said that the growth picture had picked up at the start of 2012 painting a more “positive picture” of the UK economy, headwinds remain. But his and the committee's biggest concern remains inflation. The MPC saw the January inflation figure (released next week to the public) before it made its policy decision.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Danske Bank |
Feb 09 12 13:14 GMT
|
|
Although negotiating through the night, Greek politicians did not reach an agreement on the required austerity measures. As they have now failed to meet about five deadlines, the Greeks will have to adhere to a very tight schedule if Greece is to avert a sovereign default on 20 March, when about EUR14.4bn worth of debt matures.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Saxo Bank |
Feb 09 12 12:27 GMT
|
|
I sit here, hand firmly grasping my third cup of coffee for the morning as I desperately battle to stay awake in the midst of absolutely nothing happening in the market.
Deadline, after misleading headline, after yet another deadline on Greece later and still no progress. Vols across the board are taking a belting and no surprise really.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Trade The News |
Feb 09 12 11:15 GMT
|
|
The USD remained softer against the European pairs in the session although off its worst levels. The Eurogroup meeting is scheduled to proceed later today after the European equity markets close but unlikely to resolve any issues on Greece.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by Saxo Bank |
Feb 09 12 11:02 GMT
|
|
December data released this morning for UK Industrial and Manufacturing Production and for the Trade Balance suggest a small upward revision in GDP estimates may be warranted, but the headline trade data may mask a troubling development.
|
|
Read more...
|
|
Daily Forex Fundamentals |
Written by AC-Markets |
Feb 09 12 11:01 GMT
|
|
Yesterday, FX traders spent much of the day waiting for news from Greece and today looks to be much the same. But while we wait, the general mood is risk-on. The equities continues to edge higher and US bond yields have reacted with a bearish run to the short term range highs. It's clear by EURUSD price action that traders are scared of going short ahead of any Greek headline or today's ECB rate decision.
|
|
Read more...
|
|
|
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
|
|
Page 1 of 426 |
Latest in Fundamental Analysis
|
Forex Brokers
|
