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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 GCI Financial |
May 14 12 04:45 GMT
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The Loonie gained against the Dollar, after reports showed that the Canada’s economy added more-than-expected jobs in April.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 14 12 04:44 GMT
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For the 24 hours to 23:00 GMT on Friday, AUD weakened 0.30% against the USD to close at 1.0026, after series of disappointing economic data from China, Australia’s biggest trading partner, dented investor sentiment.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 14 12 04:42 GMT
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For the 24 hours to 23:00 GMT on Friday, EUR declined 0.09% against the USD and closed at 1.2919, amid ongoing concerns over political turmoil in Greece and a potential Greek exit from the Euro-zone.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 14 12 04:41 GMT
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For the 24 hours to 23:00 GMT on Friday, GBP fell 0.40% against the USD and closed at 1.6069, amid increased risk aversion, after political uncertainty in Greece heightened concern that the region’s debt crisis would worsen.
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Daily Forex Fundamentals |
Written by GCI Financial |
May 14 12 04:40 GMT
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Over the weekend, Prime Minister, Yoshihiko Noda stated that the European debt crisis is the biggest risk for the Japanese economy, citing it as a factor behind the yen’s strength. In the Asian session, at GMT0300, the pair is trading at 80.02, with the USD trading 0.14% higher from Friday close.
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Daily Forex Fundamentals |
Written by Easy Forex |
May 14 12 03:05 GMT
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U.S. Dollar Trading (USD) the markets have opened mixed on Monday with the risk off trading during Friday continuing but with very little follow-through selling. The China RRR rate cut over the weekend is supporting we could see a reversal of fortunes if stock markets rally. On Friday we saw stocks fall following JPMorgan losses but the selling contagion to other banks has been limited so far. Looking ahead, No US data tonight.
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Daily Forex Fundamentals |
Written by Westpac Institutional Bank |
May 14 12 03:04 GMT
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Greek politics, Chinese data, and a large US bank trading loss all kept markets on the back foot. JP Morgan's $2bn loss on credit derivatives positions, which was announced on Friday, impacted markets throughout the day seen as supporting the case for regulatory restrictions on bank proprietary trading. Greek pro-bailout party PASOK failed to form a coalition government, increasing the likelihood of another election in June. Chinese data (industrial production, new loans, M2) for April was weak, suggesting the low point in growth may not be until Q3. US data was mixed (weaker PPI but stronger consumer confidence) creating volatility in the S&P500 which closed down 0.3%. Commodities were harder hit (CRB index -1.0%, copper -1.2%, oil -1.0%). US 10yr treasury bond yields closed 3bp lower at 1.84%, while the Australian 3yr closed 6bp lower. After markets closed (Sunday), China announced a reduction of 50bp in its reserve requirement ratio to 20%. This is a welcome but modest measure, the impact on the economy likely to be in 6-9 months.
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Daily Forex Fundamentals |
Written by ICN.com |
May 14 12 03:00 GMT
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New Zealand's economy witness an unexpected fall in retail sales during the first quarter of the year, where the fell caused by the slump of grocery stores purchases, which increase the expectations around another extended period of low interest rate during the upcoming period.
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Daily Forex Fundamentals |
Written by Forex.com |
May 14 12 02:58 GMT
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European concerns dominated investor sentiment yet again, with political uncertainty in Greece trumping the PBOC’s move to cut the reserve requirement ratio (RRR). All else being equal, a RRR cut should lift investor sentiment as it is aimed at spurring growth which is considered risk positive. But the inability of politicians in Greece to create a unity government has reignited concerns about a possible Greek exit from the euro, which is dominating the headlines and sentiment in the FX market.
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Daily Forex Fundamentals |
Written by RBC Financial Group |
May 11 12 13:47 GMT
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Employment surged by 58,200 in April 2012 with the goods-producing sector adding 70,000 positions and the service sector cutting 11,800. The split between the public and private sectors showed that public-sector employment fell by 19,200 while private employment rose by 85,800 in the month. The number of self-employed edged down by 8,400 in April. The unemployment rate inched back up to 7.3% from 7.2% in March (which has been its post-recession low) as 72,500 returned to the labour force.
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Daily Forex Fundamentals |
Written by RBC Financial Group |
May 11 12 13:45 GMT
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Producer prices fell 0.2% in April 2012 following an unchanged reading in March and a 0.4% gain in February. The drop in April was entirely accounted for by a 1.4% drop in energy prices that built further on a 1.0% decline in March. As was the case in March, falling gasoline prices accounted for much of the drop in energy prices in April. Food prices rose 0.2% in April, thereby matching a 0.2% increase in March that followed a 0.1% decline in February. Excluding both the volatile food and energy components, core producer prices rose a modest 0.2% in April, which was down slightly from a 0.3% increase March, and in line with the average 0.2% monthly increase over the previous six months. The Bureau of Labour Statistics noted that almost one-quarter of the monthly rise in core prices resulted from a 0.4% rise in the price of pharmaceutical preparations.
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Daily Forex Fundamentals |
Written by ICN.com |
May 11 12 10:39 GMT
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The European Commission supported volatility to extend in the market amid the current deteriorating sentiment in the market, where the Commission revised growth forecast lower for the euro-area region adding concerns the current austerity-linked solution is weighing sharply on growth, forcing more pressures on lawmakers to find another way around to hammer that debt crisis as well as boosting growth, but without adopting further austerity.
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Daily Forex Fundamentals |
Written by Trade The News |
May 11 12 10:09 GMT
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Weaker Far East data contributed to continued risk aversion sentiment. Both China and India industrial production data came in below expectations. The AUD was approaching parity as a result was looking at its first weekly close sub 100-week moving avg since summer 2009.
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Daily Forex Fundamentals |
Written by Swissquote Bank SA |
May 11 12 09:59 GMT
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In light of the current political turmoil in Greece, the EUR has gradually slipped to a three-month low at 1.2905 after a period of trading in a highly volatile range. The move coincides with the election on May 6th of anti-austerity Greek fringe parties, instead of the mainstream PASOK or New Democracy Party who helped secure the bailout package much needed to avoid disorderly default.
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Daily Forex Fundamentals |
Written by Forex.com |
May 11 12 09:46 GMT
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This is the fifth day without a firm government in place for Greece; if a coalition is not found soon then we could be heading back to the polls, which open up the possibility of a prolonged period of Greek political instability. There was some hope this morning of the Conservatives forming a coalition with the Socialists and other moderate pro-bailout parties that would have a mandate to govern until 2014. This helped to lift the euro from its daily lows; however for a sustained rally in risk we need to get a firm commitment that a 'moderate' pro-European government will take the reins of power in Athens. Unless that happens then the markets are likely to remain jittery.
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Daily Forex Fundamentals |
Written by ICN.com |
May 11 12 09:45 GMT
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The European Commission released its economic forecasts on Friday showing that the euro area will record 0.3% contraction this year while rebounding to 1.0% growth in 2013. The Commission raised contraction forecasts for Spain to 1.8% this year from a 1.0%contraction in February, while Italy is predicted to contract 1.4% this year before expanding 0.4% next year.
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Daily Forex Fundamentals |
Written by ICN.com |
May 11 12 09:19 GMT
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U.K. producer prices for the month of April released today reignited concerns regarding inflation pressure as it showed that factory-output prices surged above expectations. Annual PPI output reading exceeded estimates of 2.9 % by coming in at 3.3% from a revised of 3.7%. The month on month reading rose to 0.7% from 0.6%, above market expectations of 0.4%
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Daily Forex Fundamentals |
Written by Jyske Bank |
May 11 12 08:16 GMT
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Greek election: The Syriza party did not succeed in forming a new government and now the opportunity has been given to the Pasok party - it is not expected, however, that this party will be successful. Subsequently, the president will be given the opportunity and if he fails, a new election will be called. The Syriza party has displayed a very hostile attitude towards the EU's and the IMF's restrictions, and according to the most recent opinion polls the party will win about 24-25% of the votes against 17% or so at the recent election. Hence Syriza is interested in having a new election. Not looking good!
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Daily Forex Fundamentals |
Written by KBC Bank |
May 11 12 08:03 GMT
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On Thursday, sentiment on risk turned slightly less negative, even without progress in the Greek debt/election crisis. Nevertheless, the decline in EUR/USD slowed. EUR/GBP reached a minor low just below 0.8000 as the BoE halted its program of asset purchases. For now, we see no trigger for any sustainable rebound of the euro
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Daily Forex Fundamentals |
Written by ICN.com |
May 11 12 07:45 GMT
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The week has come to an end and still Greeks cannot find common grounds regarding the creation of the coalition government, where after the effort made by Samaras and Tspiras failed, the focus will shift now to the former finance minister, Evangelos Venizelos, who will be meeting the leaders of other parties in attempt to end the political turmoil seen in Greece, and accordingly ease tension that controlled markets through the week.
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