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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 Trade The News |
May 15 12 10:08 GMT
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The early part of the session exhibited some consolidation of recent moves in markets, including currencies. A stronger German Q1 GDP helped to contain some of the risk aversion coupled with word that Greece would make the €430M bond payment today. However, as other Euro Area members reported their respective GDP highlighted the two-tier growth and some of the earlier euphoria faded. German ZEW investor confidence was weaker than expected and provided another headwind for any prolong Euro rebound. As the NY morning approached the EUR/USD was steady at 1.2845, about 20 pips higher from it Far East open. The market will now focus on key US economic data and EcoFin meeting.
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Daily Forex Fundamentals |
Written by Swissquote Bank SA |
May 15 12 09:57 GMT
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The S&P GSCI Index reversed its 2011 gains in the last six consecutive trading sessions. As a matter of fact, the index tracking 24 commodities broke down 7.6% from a high of 684.15 on April 30th to a more than four-month low low of 634.25 during yesterday's trade session. This downturn in commodity prices can be explained on the one hand by headlines from the Euro area, as markets seem to be pricing in a second round of elections in Greece as well as a probable EU exit.
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Daily Forex Fundamentals |
Written by ICN.com |
May 15 12 09:45 GMT
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Euro zone data released today showed that euro area growth stalled in the first quarter, amid the undergoing political uncertainty and fiscal woes. The GDP advanced reading for the first quarter showed a flat reading, following the 0.2% drop in the last quarter of 2011. On the year, the reading also came flat compared to the prior 0.3% drop. In fact, the reading beat expectations of seeing 0.3% contraction on the quarterly basis, probably boosted by the better-than-expected advance in the German reading which recorded 0.5% expansion.
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Daily Forex Fundamentals |
Written by ICN.com |
May 15 12 09:33 GMT
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U.K. visible trade deficit narrowed to 8546 million pounds in March compared with the prior deficit of 8772 million pounds which was revised to 8590 million pounds deficit, while analysts expected the deficit to narrow to 8400 million pounds.
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Daily Forex Fundamentals |
Written by KBC Bank |
May 15 12 08:08 GMT
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At the start of the new trading week, the Greek crisis remained the key factor for currency trading. With no visibility on the outcome of the EMU crisis, the easiest way for the euro is south. EUR/USD set a new correction low. EUR/GBP dropped below the 0.8000. This morning, strong German growth data are not really able to change the course of events
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Daily Forex Fundamentals |
Written by Jyske Bank |
May 15 12 07:59 GMT
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Today ZEW data will be announced in Germany. Sometimes the economic indicator has added to the market momentum. If today’s ZEW figure falls by more than expected, we will most likely see increased pressure on safe havens (USD, GBP and NOKSEK). As the financial market has traded with a negative bias over the past month, the pressure will be on the downside in ZEW as it reflects the financial market players’ expectations of the economy.
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Daily Forex Fundamentals |
Written by ICN.com |
May 15 12 07:45 GMT
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The European indices are pointing to a slightly positive start today after the sharp decline witnessed in global markets yesterday as Germany’s GDP showed better than expected growth. Investors finally saw a glimmer of hope towards risk, but still the world`s largest economies are still weak hoping that Germany`s better than expected growth will have a positive effect on the euro area. Investors are also waiting for growth data from the euro zone to support the sentiment which so far is in need of relief after the heavy selloff to support the correction as the overall outlook remains negative till now.
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Daily Forex Fundamentals |
Written by Swissquote Bank SA |
May 15 12 07:44 GMT
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The Yuan fell against the USD reaching 6.3181 at 06:00 GMT, as Chinese foreign direct investment declined for a six consecutive month. The falling FDI is compatible with a series of economic data such as last week's worse than expected Fixed Asset Investments and a feeble trade balance missing its import and export targets by a long shot. As can be expected, FDI from the European Union declined by nearly 28% considering the political and economic turmoil affecting the area. Chinese officials remain prudent and state being "prudently optimistic" about FDI.
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Daily Forex Fundamentals |
Written by Dukascopy Swiss FX Group |
May 15 12 07:14 GMT
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Industrial production in the Eurozone contracted unexpectedly in March, Eurostat data showed on Monday. Production fell 0.3 per cent from February, when it rose 0.8 per cent.
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Daily Forex Fundamentals |
Written by ICN.com |
May 15 12 07:06 GMT
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With the start of the second session of this week, markets are still concerned regarding Greece`s future in the euro-area region, where remaining in the monetary union is in serious doubt as political leaders still cannot find common grounds regarding the formation of the coalition government and the previously signed second bailout deal.
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Daily Forex Fundamentals |
Written by Easy Forex |
May 15 12 06:34 GMT
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The euro (EUR) recorded losses against most of its major counterparts as the never ending political crisis in Greece drags the single currency lower. Greek President Papoulias proposed a government of technocrats in a bid to overcome differences among party leaders. SYRIZA, a left-wing party that wants to renegotiate the bailout terms, rejected this. Even though there is going to be a fresh round of talks today, any breakthrough is unlikely. Against the Brittish pound, the single currency produced a dive at 0.7969 – a 52-month record low - from 0.8023.
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Daily Forex Fundamentals |
Written by Trade The News |
May 15 12 06:32 GMT
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Risk off ahead of EU GDP release later in the European session. After the close Moody's cut ratings on 26 Italian banks from 1-4 notches. Greece continues to struggle with putting together a unity Govt, leaders will meet again this evening. Greece will also have to decide if it will pay €436M to bondholders. There is some speculation if they miss the payment today, there could be up to a 30-day grace period extended. In a meeting of EU leaders today the main focus was on Spain. EU's Juncker noted the current consolidation strategy conforms with EU rules and remains appropriate. Meeting did NOT discuss potential for a Greek exit of Euro Zone. Juncker said they did not talk about a Greek target extension, would only be given under exceptional circumstances.
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Daily Forex Fundamentals |
Written by Forex.com |
May 15 12 06:31 GMT
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The release of the RBA's minutes was the highlight of the session. Yet, the minutes are largely inconclusive, not providing much of an insight in future policy moves by the RBA. Instead, the minutes somewhat explain the boards reasoning behind the 50 bps cut earlier in the month, which was that it was needed to bring the level of borrowing to an appropriate level.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 15 12 05:08 GMT
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For the 24 hours to 23:00 GMT, EUR declined 0.51% against the USD and closed at 1.2829, as final round of talks between Greece’s President, Karolos Papoulias, and country’s political leader to avert a new election ended without any progress and reinforced fears that the country was firmly on the path to bankruptcy and an exit from the Euro-zone.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 15 12 05:06 GMT
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In the Asian session, at GMT0300, the pair is trading at 1.6093, with the GBP trading steady from yesterday’s close. The pair is expected to find support at 1.6055, and a fall through could take it to the next support level of 1.6018. The pair is expected to find its first resistance at 1.6127, and a rise through could take it to the next resistance level of 1.6161.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 15 12 05:05 GMT
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In the Asian session, at GMT0300, the pair is trading at 79.87, with the USD trading flat from yesterday’s close. The pair is expected to find support at 79.64, and a fall through could take it to the next support level of 79.41. The pair is expected to find its first resistance at 80.14, and a rise through could take it to the next resistance level of 80.41.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 15 12 05:04 GMT
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In Switzerland, the producer and import price index fell 0.1% (MoM) in April, compared to a 0.3% rise in March, and against the market expectation of a 0.2% rise. In the Asian session, at GMT0300, the pair is trading at 0.9363, with the USD trading marginally higher from yesterday's close.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 15 12 05:02 GMT
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For the 24 hours to 23:00 GMT, USD rose 0.11% against the CAD to close at 1.0026, as political and economic uncertainty in Greece prompted investors to move to safer assets. In the Asian session, at GMT0300, the pair is trading at 1.0024, with the USD trading marginally lower from yesterday’s close. The pair is expected to find support at 0.9997, and a fall through could take it to the next support level of 0.9970. The pair is expected to find its first resistance at 1.0052, and a rise through could take it to the next resistance level of 1.0080.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 15 12 05:01 GMT
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For the 24 hours to 23:00 GMT, AUD weakened 0.41% against the USD to close at 0.9970, amid rising fears that Greece may exit from Europe’s currency union, reducing demand for riskier assets. In the Asian session, at GMT0300, the pair is trading at 0.9971, with the AUD trading flat from yesterday’s close. This morning, Reserve Bank of Australia (RBA), in minutes of its May 1 policy meeting, stated that lower-than-expected inflation, weak economic growth and domestic home loan rate hikes formed the case for a bigger-than-expected 50 basis point cut in interest rates at the start of the month.
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Daily Forex Fundamentals |
Written by ICN.com |
May 15 12 03:04 GMT
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Reserve Bank of Australia announced on its 1 st May meeting minutes that cutting the interest rate by 50 basis points is a must during the current environment in order to rebound the underestimated economy's growth.
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