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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."



Canadian Headline and Core Inflation Rates Moved Higher in October Print E-mail
Daily Forex Fundamentals | Written by RBC Financial Group | Nov 21 14 14:33 GMT
The unadjusted all-items Canadian CPI index increased by 0.1% in October 2014, which was more than expected, with forecasters looking for the index to post a 0.2% dip. The year-over-year inflation rate jumped to 2.4% from 2.0% in September. Of the major components, prices for shelter, household operations, and clothing rose in the month, thereby more than offsetting declines for prices of transportation, health and personal care, and recreation and education. The overall index rose despite a sharp 4.0% drop in prices for gasoline and a 7.2% decline in the prices of traveller accommodation with property taxes and vehicles increases providing some offset. Relative to a year earlier, the biggest increases were in prices for food, shelter, clothing, and household operations. Alcohol and tobacco product prices increased by 5.8%. On a seasonally adjusted basis, the headline CPI index rose by 0.1% in the month of October and the core index increased by 0.2%.
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The Dollar Index Takes a Stab at 88.00 Resistance Print E-mail
Daily Forex Fundamentals | Written by Forex.com | Nov 21 14 12:38 GMT
The dollar is in demand today as the euro and the pound give back their recent gains, this was triggered by ECB President Mari Draghi who was speaking at the European Banking Conference in Frankfurt. He focused on inflation and said that some inflation expectations are excessively low. This is significant since the ECB's mandate is to promote price stability in the medium-term. If inflation expectations are also falling then the ECB should feel motivated to take more accommodative policy action. Draghi is chomping at the bit to take steps towards QE, and for the second time this week he has said that the ECB would broaden its purchases (of bonds) if its current policy to boost inflation does not work.
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China Cuts Interest Rates, Positive for Risky Assets Particularly Emerging Markets and Commodities Print E-mail
Daily Forex Fundamentals | Written by Danske Bank | Nov 21 14 12:30 GMT
Peoples Bank of China (PBoC) has today cut its leading interest rates. The 1-year benchmark deposit rate was cut by 25bps to 2.75% and the 1-year benchmark lending rate was cut with 40 bps to 5.6%. As the the lending rates have largely been liberalized, the 1-year depot rate is now the most important of the two benchmark interest rates.
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Frantic Friday: China Cuts Interest Rates Print E-mail
Daily Forex Fundamentals | Written by MarketPulse | Nov 21 14 11:38 GMT
China cut its benchmark interest rates for the first time in more than two years this morning to lower borrowing costs and lift a cooling economy that is on track for its slackest annual growth in over two decades. The PBoC (People's Bank of China) has indicated that they will slash one-year benchmark lending rates by 40 basis points to +5.6%.
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Major Forex Banks Penalised Over Manipulations: Key Takeaways For Retail Traders Print E-mail
Daily Forex Fundamentals | Written by Admiral Markets | Nov 21 14 11:01 GMT
As we could all witness on major financial publication there have been some major stop hunts and grabbers last couple of months. What may come as a surprise to the majority, comes as no surprise for us, traders, as we can see the 'invisible' on charts.
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Unusual Activity In EUR/CHF As EUR Slides Print E-mail
Daily Forex Fundamentals | Written by Swissquote Bank SA | Nov 21 14 10:49 GMT
The quiet FX markets were interrupted by ECB President Draghi’s press conference this morning, in the European Banking Congress. Mario Draghi mentioned that some inflation expectations are excessively low, adding “we will do what we must to raise inflation and inflation expectations as fast as possible, as our price stability mandate requires of us.” Since end of October, the ECB purchased 10.485 billion euro worth covered bonds. While additional ABS purchases and TLTROs should lead to significant balance sheet expansion, the ECB commits to broaden purchases if the recent actions are not effective. Is a full blown QE underway? While the broad based EUR unwind dominated the FX markets, the unusual activity on EUR/CHF attracted attention.
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European Market Update: ECB's Draghi Hints At Possible QE To Address Chronic Low Inflation Print E-mail
Daily Forex Fundamentals | Written by Trade The News | Nov 21 14 10:37 GMT
ECB chief Draghi's renewed concern over inflation and potential to act led the Euro lower in the session. Draghi stressed that large asset purchases in the US, Japan led to exchange rate depreciation. The potential for EU QE led the EUR/USD to test below the 1.2435 area and sent peripheral yields back to record lows
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US Equities Hit Record Highs Print E-mail
Daily Forex Fundamentals | Written by Easy Forex | Nov 21 14 09:27 GMT
The euro (EUR) remains above 1.2500 and formed its resistance at 1.2575 against the US dollar (USD). The euro erased part of its losses after the FOMC meeting minutes on Wednesday as policy makers are sceptical regarding a possible hike of the interest rates in the near future. Mario Draghi will hold the 24th European Banking Congress in Frankfurt today at 08:00 GMT and a positive tone may help the euro to break higher.
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Quiet FX, Rumors Of SNB Intervention Print E-mail
Daily Forex Fundamentals | Written by Swissquote Bank SA | Nov 21 14 08:42 GMT
The Japan Diet is dissolved, preparations for December snap elections will now make the new headlines. Amid the aggressive Yen sell-off, the Japan Finance Minister Aso warned that high volatility in FX, on either side, is unwelcome. He mentioned additional budget, new economic packages are underway before the year end. USD/JPY corrected to 117.36 in Tokyo. Given the overbought conditions (RSI at 78%), we see consolidation before the closing bell. Option bids trail above 116.75/117.00, mixed bets abound between 115.75/116.30, large offers sit at 115.50-.
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Perhaps The EU Economic Struggles Go Further Than ECB Policy? Print E-mail
Daily Forex Fundamentals | Written by ForexTime | Nov 21 14 08:38 GMT
Fears over the health of the global economy resurfaced yesterday for the second time this week, with EU PMIs announced at the weakest level in nearly sixteen months sending the Eurodollar back down to 1.2509 on Thursday morning. China's HSBC Manufacturing PMI also unexpectedly stalled during November, just days after house prices declined by more than expected. Both will likely lead to even further calls for the People's Bank of China (PBoC) to add further stimulus to boost the Chinese economy.
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Activity In Euro Zone Manufacturing And Services Sectors Falls Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Nov 21 14 08:35 GMT
Activity in both manufacturing and services sectors of the Euro zone slowed in November, adding to concerns the Euro bloc's economy risks a renewed slowdown. Markit's Composite flash PMI reading dropped to 51.4, the lowest level in 16 months, down from 52.1 a month earlier. The manufacturing PMI gauge edged down to 50.4, but remained in the 'green' territory for 17 consecutive months, while services PMI worsened to 51.3 from 52.3 recorded a month ago.
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Initial Jobless Claims Rise, Inflation Remains Flat In October Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Nov 21 14 08:34 GMT
The number of Americans seeking new claims for jobless benefits dropped less than expected last week, but continued to point to improving labour market conditions. The Labor Department reported that initial claims for state unemployment benefits slid 2,000 to a seasonally adjusted 291,000 for the week ended November 15. The previous week's data was revised to show 3,000 more applications received than initially recorded.
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UK Retail Sales Rise In October Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Nov 21 14 08:33 GMT
Britain's retail sales, which account for 5.6% of total UK GDP, rose at the fastest clip in six month in October, driven by sales of household goods and spending on food. Total retail sales including auto fuel soared 0.8% from September, when they dropped 0.4%, which was the weakest performance since January, according to the Office for National Statistics. On an annual basis, total sales surged 4.3% in October compared with the same month a year ago. The jump in the quantity bought by consumers was driven by a large decline in prices, the ONS reported. Average store prices fell 1.5% in October from the previous year, led by petrol stations, following the sharp oil price decline this year. Household goods retailers and department stores were some of the largest contributors to the rise in volumes. Also, clothing stores returned to growth in October, after warmer-than-expected weather in September made consumers put off their purchase of winter clothes.
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New Zealand Producer Prices Fall On Dairy Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Nov 21 14 08:31 GMT
Producer input prices in New Zealand dropped in the third quarter as falling farm gate milk prices cut input costs for dairy manufacturers, reinforcing the view inflation in the South Pacific country will remain subdued. Input prices decreased 1.5% in the July-September quarter, following the 1% decline in the preceding three-month period, while output prices slid 1.1%, Statistics New Zealand said. On an annual basis, inputs climbed 2.2% and outputs rose 2.4%. Prices fetched by dairy-cattle farmers plummeted 28% over the quarter, contributing the most to the quarterly decline in total output prices, while the input prices for dairy product manufacturing tumbled 23%, the biggest drop since the third quarter of 2002.
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Japan's Exports Grow Strongly In October Print E-mail
Daily Forex Fundamentals | Written by Dukascopy Swiss FX Group | Nov 21 14 08:30 GMT
Japan's exports grew robustly in October, rising the most in eight months, adding to optimism that global demand could help the world's third-biggest economy recover from recession and support the Bank of Japan's upbeat economic outlook. Overseas shipments surged 9.6% from the previous year to the highest level since October 2008, overshooting economists expectations for a 4.5% gain.
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EUR/USD Hardly Reacts To Highly Divergent Data Print E-mail
Daily Forex Fundamentals | Written by KBC Bank | Nov 21 14 08:09 GMT
Yesterday, the EMU PMI's showed a struggling EMU recovery. At the same time US data pointed to healthy progress. However, the impact on EUR/USD was remarkably limited. The indecisive Fed communication probably prevents further dollar gains. USD/JPY is correcting lower as Japan's Aso indicated that the yen decline is going too fast.
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EURCAD Feels The Squeeze Print E-mail
Daily Forex Fundamentals | Written by Blackwell Global | Nov 21 14 06:36 GMT
The Euro has been in a downward slide against all of its trading partners for some time now, no least the Canadian dollar. It has found a bit of support recently and we are getting close to the sharp end of the triangle, so we can expect a bit of action to come.
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EUR/USD: Euro Trading Higher Ahead Of The ECB Chief's Speech Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Nov 21 14 05:58 GMT
The pair is expected to find support at 1.2519, and a fall through could take it to the next support level of 1.2476. The pair is expected to find its first resistance at 1.2591, and a rise through could take it to the next resistance level of 1.2619.
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GBP/USD: Pound Extends Its Gains In The Asian Session Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Nov 21 14 05:57 GMT
The pair is expected to find support at 1.5644, and a fall through could take it to the next support level of 1.5585. The pair is expected to find its first resistance at 1.5750, and a rise through could take it to the next resistance level of 1.5798.
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AUD/USD: Aussie Extends Its Gains In The Asian Session Print E-mail
Daily Forex Fundamentals | Written by GCI Financial | Nov 21 14 05:56 GMT
The pair is expected to find support at 0.8588, and a fall through could take it to the next support level of 0.8534. The pair is expected to find its first resistance at 0.8674, and a rise through could take it to the next resistance level of 0.8707.
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