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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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Fundamental Archives |
Written by Forex.com |
Dec 30 10 22:20 GMT
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Risk sentiment was given a boost by surprisingly positive U.S. economic data as the year comes to a close, sending the dollar lower. EUR/USD rose to session highs above 1.33, AUD/USD traded close to record highs of around 1.02, and NZD/USD advanced to around 0.7725 as the dollar softened amid positive data releases. U.S. weekly jobless claims fell below 400K to the lowest levels since July 2008 with a print today of 388K. This was much lower than the market forecasts and a drop of 34K from the prior week's 422K indicating that the labor market is moving in the right direction.
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Fundamental Archives |
Written by RBC Financial Group |
Dec 30 10 22:16 GMT
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Initial unemployment insurance claims fell 34,000 to 388,000 for the week ending December 25th. The 4-week moving average of initial claims, a better indication of the underlying trend in labor markets, slipped to 414,000 from 426,500 the prior week. Continuing claims (for the week ending December 18th) rose 57,000 to 4,128,000 after falling 96,000 to 4,071,000 the previous week.
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Fundamental Archives |
Written by Dukascopy Swiss FX Group |
Dec 30 10 16:40 GMT
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The dollar resumed its week-long slide after an encouraging report Thursday morning on weekly unemployment claims failed to provide much help for the slumping currency. The dollar decline paused briefly after initial claims for unemployment benefits fell to their lowest levels since July 2008 but couldn't maintain momentum.
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Fundamental Archives |
Written by Interactive Brokers |
Dec 30 10 16:36 GMT
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Ten year note futures rebounded after sellers drove price sharply lower following the first sub-400,000 weekly initial claims report since July 2008. Claims for unemployment benefit in the week ending December 25th fell by 34,000 on the previous week to stand at 388,000 in a further sign that the labor market is thawing perhaps more than expected. Although yields are higher than before the release, a strong midweek rally in bonds has shaved monthly losses as the recovering economy reminds investors that official rates will have to rise at some point.
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Fundamental Archives |
Written by FXTimes |
Dec 30 10 14:16 GMT
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Today's session was characterized by further USD weakness and at the same time strength by the Swiss Franc. The CHF hit record highs against the GBP, EUR, and USD simultaneously. The USD was also weaker against both the Japanese Yen and the Australian Dollar.
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Fundamental Archives |
Written by Swissquote Bank SA |
Dec 29 10 11:03 GMT
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Asian markets continued its rise as the MSCI Asia Pacific Index rose to a two and half year high as commodity and gold prices boosted companies. The Nikkei rose 0.33% as corporate earnings speculations boosted the economy and as US retail sales excluding autos rose 5.5% for the holiday season, bringing back investors to see further price increases in the US and Japan economies and the Shanghai Composite rose 0.23% as stocks rose for the first time in six days on speculation that the declines were excessive.
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Fundamental Archives |
Written by Forex.com |
Dec 29 10 06:40 GMT
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With the lack of any data or driving news the currency markets seemed content to take a break today in Asia. With the New York trade session once again seeing the significant moves, Asian trading witnessed jumpy markets that remained just off of dollar highs. EUR/USD dipped under 1.3090 briefly but support pushed the pair back through 1.3120 where it spent a good majority of the day in sideways trading. With many funds and traders out until the New Year, the market moves were exaggerated in very thinned conditions that could easily promote volatility. GBP/USD pulled off of lows to see 50 pip gains to 1.5400 and the AUD/USD did the same, reaching 1.0115 on an orderly 20 pip rise.
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Fundamental Archives |
Written by Trade The News |
Dec 29 10 06:25 GMT
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Regionally in Asia, markets remain confounded by the limited response from Christmas rate hike out of China. Overnight, PBoC advisor Ba Shusong echoed the comments made by Li Daokui in suggesting the central bank would continue to tighten policy in the first half. Elsewhere, China banking regulator called for higher capital requirements on large banks to complement the monetary tightening of reserve requirement ratios. Economic calendar was limited to a pair of positive prints out of South Korea. Speaking after the release of improved manufacturing survey, a BOK economist stated: "The business confidence for next month inched up mainly because exporters forecast their profitability to improve on the back of the local currency's recent weakness to the dollar."
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Fundamental Archives |
Written by FX Solutions |
Dec 29 10 05:22 GMT
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The Dollar traded lower with Euro and cable recouping some of their losses from Tuesday. Markets will continue to be thin and erratic for the next 3 days even with the return of traders in Europe following the Christmas break. Traders will stay out of the market unless they absolutely have to. For some traders, with the way the bank holidays fall this year, they will take the opportunity of extending their vacation to encompass both Christmas and New Year.
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Fundamental Archives |
Written by FX Solutions |
Dec 29 10 01:40 GMT
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Euro and cable look to be in bid mode in early trading. €/$ and £/$ although initially weakening out of the gates this morning have both regained some of those losses and are now edging higher. $/¥ continues to slip lower despite yesterday’s comments from various Japanese financial officials that they are monitoring the appreciation of the Yen. $/¥ has eased lower to 82.30/32 from its opening level.
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