ActionForex.com
Jul 29 11:28 GMT

Sponsors

Forex Expos

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."



Fed Statement Eyed For September Hike Clues Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Jul 29 15 11:11 GMT
Despite a change in policy stance being extremely unlikely today, the FOMC announcement is going to be tracked extremely closely by investors and could drive large amounts of market volatility. Investors have been debating for months about the timing of the first rate hike from the Federal Reserve and whether it will come this year or next. The main argument against a rate hike this year is that inflation is currently below target and we're not seeing the kind of spending from consumers to be confident of future price increases.
Read more...
 
USD Range-Bound Ahead Of FOMC Print E-mail
Daily Forex Fundamentals | Written by Swissquote Bank SA | Jul 29 15 10:27 GMT
Traders globally will be singularly focused on the FOMC meeting this afternoon. Given the importance of this event we anticipate FX markets will shift into tight ranges. The market is currently pricing in a September rate hike (approx 70%). With no press conference or new projections released it will be the statement language in terms of forward guidance that the market will be watching. On this we anticipate the Fed to remain cautiously optimistic (dont expect any significant change). While June retail sales and consumer confidence data disappointed, the overall growth trend, highlighted by a solid durable good read, indicates that 2Q GDP will accelerated above 3.0% (Thursday release). That said weaker commodity prices have damped expectations for inflation to increase and could weigh on Feds potential delivery date. We suspect that markets are too focused on the Fed “lift off” rather than the pace of rate hike cycle. We expect a 25bp FF hike in September but gradual tightening, with plenty of balanced statements, moving forward. This will keep the US yield curve in a flatter shape limiting the upside in USD against G10 currencies. However, EM currencies have a higher sensitivity to US rate movements combined with mounting growth issues, soft commodity prices and high debt load should remain weak against the USD. We remain constructive on the USD based on policy led divergence however, trades will have to remain patient for any significant FX gains.
Read more...
 
European Market Update: Quiet Trading Conditions Ahead Of Fed Decision Print E-mail
Daily Forex Fundamentals | Written by Trade The News | Jul 29 15 10:07 GMT
USD putting in a mixed performance ahead of the Fed statement on Wed. There is concern that recent Greece and China troubles might put the Fed off any immediate rate hike. Dealers noting that a sign of early hike might come with a relatively dovish and reassuring statement. Yellen's Fed should have no incentive to diverge from her recent semi-annual testimony to Congress as the data has been mixed.
Read more...
 
Gold Steadies With Eyes On Fed Meeting Outcome Print E-mail
Daily Forex Fundamentals | Written by ICN.com | Jul 29 15 09:34 GMT
Precious-Gold steadied on Wednesday ahead of the release of Fed statement, as investors aim to get clues about the interest rates and the strength of recovery. The yellow metal hit a high of $1099.26 an ounce, while it currently trading at $1097.00, after opening at $1094.83. Gold prices are still near its lowest level in more than five years, where the Fed meeting outcome is likely to weigh on metal's movements.
Read more...
 
Euro Inches Up As Greece-Creditors Negotiations Continue Print E-mail
Daily Forex Fundamentals | Written by ICN.com | Jul 29 15 09:32 GMT
The euro inched up against the U.S. dollar on Wednesday as the talks between Greece and its creditors continue as Athens tries to release its third bailout. Delia Velculescu, the IMF's lead negotiator, will arrive on Thursday to resume the assessing of the Greek economy and how it can meet its new fiscal targets. Talks regarding Greece's 86 billion-euro aid package were taking place in 'good conditions,' European Economic and Monetary Affairs Commissioner Pierre Moscovici said on Wednesday.
Read more...
 
Fed Statement: Markets Looking More Positive Ahead Of FOMC Print E-mail
Daily Forex Fundamentals | Written by ForexTime | Jul 29 15 08:49 GMT
The combination of some stabilization in the Shanghai Composite Index after recent intense pressures and a rebound in the commodity markets has provided the platform for major indices to end a consecutive streak of losses. Market sentiment is looking a little bit more positive once again, and this will motivate an optimistic opening for Europe today. While this might lead to increased positivity that indices can continue to record gains from investors with a greater appetite for risk, I think that there will be a more cautious approach among traders as they await the FOMC policy announcement this evening.
Read more...
 
Dollar Profits Only Moderately From Risk-On Rebound Print E-mail
Daily Forex Fundamentals | Written by KBC Bank | Jul 29 15 08:46 GMT
Yesterday, sentiment on risk in improved. However, contrary to what was often the case of late, the risk‐on rebound inspired only moderate gains for the dollar as the US currency received hardly any additional interest rate support. Sterling profited from good UK growth. Today currency traders look out for the FOMC policy statement
Read more...
 
Waiting For The FOMC Print E-mail
Daily Forex Fundamentals | Written by Swissquote Bank SA | Jul 29 15 08:37 GMT
Asia stock markets were subdued today with a majority of indices in the green. The Hang Seng rose 0.26% and the Shanghai Composite increased 0.15% while the Nikkei fell -0.16%. Investors are hoping that Beijings efforts to hold up stock prices will protect the downside (a "Beijing put"). Volatility across stocks were lower following a stronger US session (good US data). Rates across Asia were flat while the US 10-year yields rose 2 bps to 2.253%. As expected volatility in FX died out ahead of the FOMC decision later today. EURUSD took a one-way path from 1.1084 to 1.1037 while USDJPY was range bound between 123.35 to 123.65. AUDUSD gave back much of yesterday hard won gains falling to 0.7315 from 0.7359. EM Asia FX were generally unchanged against the USD.
Read more...
 
Japan's Retail Sales Drop Sharply In June, As Consumer Spending Remains Weak Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Jul 29 15 07:03 GMT
Retail sales in the world's third biggest economy declined sharply for the third time this year in June, adding to sign consumer spending remains weak to be a key driver of economic growth. Sales fell 0.8% in the reported month from May, following drops in January and March. However, measured on an annual basis, retail sales rose 0.9% in June, overshooting expectations for a 0.5% increase. The data challenge Prime Minister Shinzo Abe to convince companies to continue to increase wages to help consumers cope with an increase in living costs that the Bank of Japan sees rising quickly this year.
Read more...
 
RBNZ Stands Ready For Further Monetary Policy Easing Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Jul 29 15 06:51 GMT
Reserve Bank of New Zealand Governor Graeme Wheeler said further monetary policy easing is likely to be required to underpin economic growth and to return inflation to the central bank's 2% target. The Governor said that the nation's economy is expanding below its potential due to falling commodity prices and low consumer inflation. The inflation rate is currently running at 0.3%. The central bank expects inflation to be close to 2% by the first half of 2016, Wheeler said. Yet, growing at around 2.5% a year, the economy is supported by high migration, robust employment, construction and services sectors. Hence, large interest rate cuts would only be needed in case the economy moves into recession. Last week the RBNZ slashed its official cash rate to 3% due to a slowing economy and weak inflation. A further 25 basis point rate cut is anticipated in the September 10 monetary policy statement with another cut to 2.5% is expected by the end of the year.
Read more...
 
US Consumer Confidence Drops To One-Year Low Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Jul 29 15 06:47 GMT
US consumers mood darkened in July, as households were worried about current and future job growth, and rattled by events in China and Greece. The Conference Board reported that its index of consumer confidence dropped to 90.9 this month, hitting the lowest level since September. June's reading was revised to show 99.8, down from originally reported 101.4. The present situation index, an indicator of consumers' assessment of current economic situation, slid to 107.4, compared with a revised 110.3 in June, originally put at 111.6. Consumer expectations for economic activity over the next six months plummeted to 79.9 from a revised 92.8, initially estimated at 94.6. The report showed that consumer were less optimistic about the labour market. Some 20.7% of consumers this month thought jobs are 'plentiful,' down from 21.3% in June. Another 26.7% described jobs as 'hard to get' in July, up from 26.1% saying that in the prior month. The share of respondents anticipating more jobs in the next six months fell to 13.1% in July from 17.1% in June. The share expecting fewer jobs surged to 20.0% from 15.2%.
Read more...
 
UK Economy Grows 0.7% In Q2, Supported By Services Sector Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Jul 29 15 06:44 GMT
British economic growth accelerated in the second quarter, fuelling speculation about the first rate hike in interest rates since the financial crisis. The UK economy grew by 0.7% in the April-June period, according to the Office for National Statistics' preliminary estimate, compared with the 0.4% expansion in the beginning of the year. Measured on an annual basis, economic output rose by 2.6% in the second quarter. The economy's pickup was driven by the services sector, which disappointed in the first quarter, but now looks set to benefit from low inflation and higher earnings. The industrial sector also enjoyed a solid recovery, as the extraction industry in the North Sea recovered after months of low oil prices. Mining and quarrying activity rose at the fastest pace in more than 25 years, supported by tax cuts for oil and gas producers introduced in March. The first estimate of GDP is based on about 40% of the available economic data and is subject to revision. The second estimate is due in about a month's time.
Read more...
 
Canada's Industrial Product Prices Rise In June Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Jul 29 15 06:43 GMT
Canada's industrial product prices climbed amid recovering energy and petroleum products in June, while the raw materials index remained flat. The monthly decline in the Canadian Dollar against its US counterpart bolstered the results. Canada's industrial product price index rose 0.5% in the measured month, Statistics Canada reported. The data beat market expectations of a 0.4% increase. The main contributor to higher IPPI appeared to be higher prices for energy and petroleum products, which rose 2.0% and were led by motor gasoline. Excluding energy, the index ticked up by 0.4%. Higher auto prices were largely due to the depreciation of the Canadian Dollar versus the Greenback, as some items are always reported in US dollars. From May to June the Loonie dropped 1.5% against the US peer. If the exchange rate effect was taken out of the calculations, the IPPI would have advanced only 0.2%.
Read more...
 
The Darkening Mood Of US Consumers Print E-mail
Daily Forex Fundamentals | Written by Blackwell Global | Jul 29 15 06:19 GMT
Black clouds are forming over the U.S economy as consumer confidence suffers its biggest blow in over four years. The release of the latest CB Consumer Confidence figures underscore the fragility of the purported economic recovery, as the key index fell from 100 to 90.9. The property market was also not immune from the rout as New Home Sales fell from 546k to 482k m/m.
Read more...
 
Is An Equity Bubble The Real Reason For A Fed Rate Rise? Print E-mail
Daily Forex Fundamentals | Written by Blackwell Global | Jul 29 15 06:17 GMT
The Federal Open Markets Committee (FOMC) is due to meet later on today for a two day meeting on the state of the economy and to set monetary policy. They are widely expected to raise interest rates in September, but does the data really support a rate rise? Is there another reason the Fed wants to raise rates?
Read more...
 
Fed Statement Key As First Rate Hike Approaches Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Jul 29 15 06:01 GMT
European futures are pointing to a higher open on Wednesday ahead of the FOMC decision and statement this evening, which could offer clues on the timing of the first rate hike in more than nine years. While indices are expected to open higher, reflecting a higher risk appetite among investors, there is likely to be an element of caution in the markets today. While no change in interest rates is expected from the Federal Reserve, this is the final meeting before September which is when many believe that first hike will come.
Read more...
 
European Open Briefing Print E-mail
Daily Forex Fundamentals | Written by IC Markets | Jul 29 15 05:33 GMT
A quiet APAC session ahead of the FOMC. Asian equity markets are mixed, but the Shanghai Composite was quite stable today. In FX, NZD was the best performing currency amongst the majors, while the Aussie Dollar fell to 0.7317 and is down 0.20 % on the day.
Read more...
 
NZDUSD Is Bolstered By Comments From The RBNZ Print E-mail
Daily Forex Fundamentals | Written by Forex.com | Jul 29 15 05:15 GMT
The NZ dollar was bolstered by an unlikely source, the Reserve Bank of New Zealand (RBNZ). Governor Wheeler noted during a speech earlier today that whilst further interest rate cuts are likely, the economy doesn't require severe monetary policy loosening. This helped spark a rally in the kiwi, with NZDUSD jumping through 0.6700 on the back of the comments.
Read more...
 
EUR/USD: Euro Trading Higher Ahead Of Germany's GfK Consumer Confidence Survey Data Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Jul 29 15 05:10 GMT
The pair is expected to find support at 1.1038, and a fall through could take it to the next support level of 1.0994. The pair is expected to find its first resistance at 1.1110, and a rise through could take it to the next resistance level of 1.1138.
Read more...
 
AUD/USD: Aussie Trading Lower In The Asian Session Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Jul 29 15 05:09 GMT
The pair is expected to find support at 0.7281, and a fall through could take it to the next support level of 0.7230. The pair is expected to find its first resistance at 0.7367, and a rise through could take it to the next resistance level of 0.7403.
Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 963
Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Analysis Reports

Central Bank Analysis
Economic Data Reviews
Technical Analysis

Forex Brokers

ActionForex.com © 2015 All rights reserved.