Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com http://www.actionforex.com Tue, 09 Feb 2010 15:23:14 +0100 FeedCreator 1.7.2 http://www.actionforex.com/images/M_images/aflogo.jpg http://www.actionforex.com Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/greek-news-impacts-wall-street-20100209106387/ The tick-for-pip-for-point moves in the highly correlated global markets have Oil-S/P Futures-Dollar Index locked in a pattern that none can break free from. As risk is bought equities move up and the dollar moves down, and vice versa. This was seen again as news broke the the Greek budget deficit... Tue, 09 Feb 2010 12:36:27 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/usd-lower-on-rumor-of-a-%8020-billion-greek-bailout-plan-20100209106386/ USD traded lower Tuesday pressured by Greek rescue speculation. A report that ECB President Trichet would return one day early from a BIS meeting in Australia to attend an EU Council Meeting fueled speculation that a Greek bailout plan may be soon announced. The EUR traded at an eight-month low... Tue, 09 Feb 2010 11:39:47 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/fitch-sees-risk-of-sovereign-crisis-contagion-%27exaggerated%27-20100209106385/ EURUSD has continued to recover from last week's rout, with the short term uptrend off Friday's 1.3586 lows providing the platform for a test of the 1.3750 pivot level, and an earlier high of 1.3774. The EUR and broader risk sentiment has been buoyed by the news that ECB President... Tue, 09 Feb 2010 10:55:09 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/us-market-update-20100209106384/ Elevated risk appetite kept the greenback soft during the New York morning while the yen was off its worst levels. The EU meeting this week has provided the recent spat of price movements. With plenty of European officials offering words of support for Greece's reform efforts this morning and hopes... Tue, 09 Feb 2010 10:52:15 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/relief-rally-in-equities-fails-to-budge-bond-yields-20100209106375/ You can almost hear an audible sigh of relief echoing around risk managers' desks and that tone is reflected by a positive market sentiment on hopes for a solution to the fiscal problems facing the government of Greece. Given the far more favorable tone to both equity and commodity prices... Tue, 09 Feb 2010 09:26:37 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/currency-currents%3a-their-words,-not-mine-20100209106370/ I'd have to agree about the longer-term growth prospects for emerging markets, especially Asia. But in the shorter-term those prospects can be trumped by growing risk. I know, I know - we continue to harp on risk appetite capital flows. But the fact is: risk appetite still matters. And deleveraging... Tue, 09 Feb 2010 08:42:33 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/usd-lower-pressured-by-greek-rescue-hopes-20100209106361/ The USD is trading sharply lower with the EUR supported by report that ECB President Trichet was returning home one day early from a BIS meeting, Trichet's early return to attend an EU summit fuels speculation of possible announcement of the plan to rescue Greece and contributes to an uptick... Tue, 09 Feb 2010 07:30:38 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/trichet-departs-sydney-in-a-hurry-20100209106360/ On Tuesday the euro was on the rise after it was revealed that ECB President Trichet was going to leave a central bank meeting in Sydney. His premature departure created a significant amount of speculation that a Thursday EU summit in Brussels had been called to present a bailout for... Tue, 09 Feb 2010 07:18:04 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/london-session-recap-20100209106357/ The news that ECB President Trichet was returning from Australia a day early to attend a scheduled meeting of EU leaders injected hope that a bail-out plan for Greece may become more probable. A bail-out at this point would contradict the rhetoric from ECB officials to date. That said Eurozone... Tue, 09 Feb 2010 05:15:01 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/european-market-update-20100209106355/ The USD and JPY currencies were softer in the European session amid speculation that the ECB would hold an emergency meeting to discuss measures to head off contagion in the Greek debt crisis. Speculation mounted after ECB's Trichet left a meeting with the RBA a day early, which helped market... Tue, 09 Feb 2010 04:57:58 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/wait-for-euro-sell-opportuity-20100209106354/ The Euro-zone economy will inevitably remain a key short-term focus, especially with a summit due on Thursday. Confidence will remain very fragile in the short term, but any kind of support package for the weaker economies could trigger near-term Euro relief, especially given the number of short positions in the... Tue, 09 Feb 2010 04:55:10 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/trichet-off-to-brussels-%26-markets-in-a-%27wait-%26-see%27-pattern-20100209106351/ Markets are still in a hold / consolidation pattern before 1st tier economic data starting Wednesday. However, we are seeing signs of EUR contrarians stepping in and trading on the long side. Markets and media have been lightning fast in jumping on the EU collapse bandwagon and there is speculation... Tue, 09 Feb 2010 04:47:10 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/trichet-leaves-sydney-early-20100209106345/ FX markets were choppy in the Asian session, with risk appetite see-sawing. The day started with a risk off tone, as Wall Street plunged due to speculation that FOMC Chairman Bernanke could indicate tightening when he testifies in the House on unwinding Fed liquidity programs this week. The USDJPY fell... Tue, 09 Feb 2010 03:27:48 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/german-prices-stagnate-in-january-20100209106343/ German prices remained unchanged in January after accelerating in the last quarter of 2009. Inflation shifted from -0.30% in September to 0.00% in October then 0.40% in November reflecting the improvement seen in the economy starting from the second quarter. Tue, 09 Feb 2010 03:16:29 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/ecb-may-delay-its-stimulus-exit-amid-concerns-on-greece%27s-deficit-20100209106336/ The (ECB) European Central Bank may be forced to cancel the withdrawal of emergency lending measures for the time-being because it could inflame financial market concerns about Greece, Spain and Portugal various economist have stated. Investors are dumping Greece, Spanish and Portuguese assets as their governments struggle to rein in... Tue, 09 Feb 2010 02:36:02 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/morning-forex-overview-20100209106335/ The yen fell against high-yielding units in Asia Tuesday as an upturn in Chinese stocks helped reduce risk aversion, prompting investors to buy back riskier currencies such as the euro. Although the European Union is slated to hold a summit on Thursday, traders expect the organization to fail to... Tue, 09 Feb 2010 02:33:33 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/eur%10usd-did-not-set-a-new-reaction-low.-time-for-a-short-squeeze?-20100209106332/ On Monday, currency traders were still focused on the budgetary problems of Greece and other European countries. However, this time the damage for the single currency was limited. In case global market tensions would ease, there might be room for some kind of euro short squeeze. This is the case... Tue, 09 Feb 2010 02:25:54 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/snb-%11-an-information-vacuum-20100209106330/ As of 1 January 2010, Philipp Hildebrand replaced Jean-Pierre Roth as chairman of the governing board at the Swiss National Bank (SNB). Not a major event, given that Hildebrand has expressed no indications to alter how monetary policy is implemented by the SNB. However, there could be a significant change... Tue, 09 Feb 2010 02:17:51 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/greece-is-the-talk-of-the-town-as-stocks-take-a-beating-in-the-us-session-20100209106328/ Macro data is still in short supply, and UK Trade Balance and Wholesale Inventories are as exciting as it gets. The NFIB is interesting as an overview of how the important small business sector is doing in the US, but does not get much attention. Tue, 09 Feb 2010 01:48:23 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/tight-ranges-as-markets-consolidate-recent-losses!-20100209106327/ In Europe again the main focus is turned to Greece's fiscal headache. The EU is due to hold a summit and Greek officials will most probably have a lot of comforting to do to their European counterparts. An IMF bailout continues to be the best solution for the crisis however... Tue, 09 Feb 2010 01:43:11 +0100