Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com http://www.actionforex.com Sat, 17 May 2008 01:46:32 +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/eur%10usd%3a-are-european-investors-as-optimistic-as-ecb-president-trichet?-2008051646313/ Investor sentiment throughout the Euro-zone is anticipate to improve very slightly in May as the ZEW survey is forecasted to edge up to -44.2 from -44.8. Nevertheless, this is not very far from the record low seen last month, and this news will not be entirely surprising as the European... Fri, 16 May 2008 17:04:58 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/big-moves-in-the-currency-market-2008051646312/ For the better part of this past week, the Euro, Japanese Yen and British pound have been trapped within a tight trading range against the US dollar. Even though the moves today in all 3 of these currency pairs have been relatively significant, especially in the EUR/USD, they pale in... Fri, 16 May 2008 16:59:42 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/greenback-falls-as-oil-surges-2008051646308/ The dollar fell against its rivals on Friday as US consumer confidence dropped to a 28-year low and crude oil rose to a record high, increasing concerns US economic growth will continue to slow and the Federal Reserve will cut interest rates further. The yen advanced following better-than-forecast Japanese Q1... Fri, 16 May 2008 16:51:51 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/dollar-ends-the-week-lower-following-oil-spike-and-umich-consumer-confidence-2008051646301/ Consumer confidence fell again in May, dropping to 59.5 according to the preliminary Univ. of Michigan index. The fall was larger than economists had forecast, and put the indicator at its weakest level since June 1980. Both current conditions and future expectations registered declines, while inflation expectations increased. Fri, 16 May 2008 16:15:29 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/confidence-slumps-to-28%11year-low-2008051646296/ The dollar slumped against the majors on Friday, falling to 1.56-versus the euro and 103.54 against the yen. The catalyst for the greenback's losses was a dismal report on US consumer confidence, highlighting the current bleak economic outlook. The University of Michigan survey of consumer confidence fell to its lowest... Fri, 16 May 2008 14:32:05 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/housing-starts-surprisingly-rose-in-april-2008051646293/ Housing starts rose to an annual rate of 1.032M in April, well above consensus expectations. Gains were concentrated in the highly volatile multi-family segment. Single-family starts continued to decline for the 12th straight month. We think that starts should continue to fall into the summer. Fri, 16 May 2008 13:30:37 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/u.s.-market-update-2008051646284/ In currencies the dollar was consolidating against the majors for most of the trading day until the mid-US morning. The EUR/USD finally broke above the 1.5430 to 1.5530 hourly consolidation range. Weaker US data and higher commodity prices continue to weigh upon USD sentiment, however. Michigan Consumer Confidence hit its... Fri, 16 May 2008 11:14:23 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/forex-fundamental-outlook-2008051646283/ Traders reacted to a mixed bag of U.S. economic data today that saw April housing starts rise a surprising 8.2% to 1.032 million in April while April building permits were up 4.9% to 978,000. These data were tempered by the mid-May University of Michigan consumer sentiment indicator that fell to... Fri, 16 May 2008 11:11:09 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/foreign-exchange-market-daily-update-2008051646263/ The US dollar strengthened against a basket of currencies after April housing starts came in higher than expected and new building permits turned up for the first time in five months. However, any gains were erased as preliminary consumer confidence index figures tumbled to its lowest in 28 years in... Fri, 16 May 2008 10:14:14 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/university-of-michigan-consumer-sentiment-index-2008051646262/ The University of Michigan consumer sentiment index dropped to 59.5 in early May, its lowest level since 1980, from 62.6 in April. The decline was below market expectations calling for a dip to 62.0. Surging food and fuel prices depressed confidence in early May. The current conditions component declined... Fri, 16 May 2008 10:11:03 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/u.s.-housing-starts-rallied-back-in-april-2008051646260/ U.S. housing starts rallied back in April, rising 8.2%, to recoup some ground after March's huge 13.8% drop. Starts came in at a 1.032 million unit annual pace from March's 954,000 units which was the slowest since March 1991. Starts were 30.6% below the level recorded in April 2007 and... Fri, 16 May 2008 10:09:06 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/canadian-motor-vehicle-sales-post-strong-gain-in-first-quarter-2008051646259/ Motor vehicles sales posted a strong gain in the first quarter, rising 7.9% relative to the average pace in the fourth quarter of last year. The rise reflected a very robust rise in January with sales in both February and March faltering. In March sales slipped by 0.5%, a slower... Fri, 16 May 2008 10:07:14 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/bottoms-up?!-2008051646250/ Anticipations in the markets were for the sector to deteriorate further but shockingly the Commerce Department released its housing data where housing starts surprisingly jumped to 1032 thousand in April opposing expectations and previous readings of 935 and 947 thousand respectively. The Building permits also jumped to 978 thousand this... Fri, 16 May 2008 09:31:12 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/american-pessimism-deepens-as-u-of-m-gauge-hits-28%11year-low-2008051646249/ Consumers in the world's largest economy are growing more and more pessimistic each month, suggesting a drop in their vital consumption habits going forward could drag growth into a negative territory or worse. It was little surprise that the preliminary reading of the University of Michigan's sentiment report contracted. However,... Fri, 16 May 2008 09:28:47 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/us-housing-starts,-building-permits-surprisingly-rise-in-april-2008051646242/ US housing starts and building permits data for the month of April surprisingly improved, as starts rose to 1032K while applications for permits rose to 978K. However, the less-volatile three-month averages for both indexes eased to 1031K and 964K, respectively, indicating that the US housing collapse is far from over.... Fri, 16 May 2008 07:58:10 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/housing-is-the-end!-2008051646229/ We can't wait for the weekend to begin! Yet before we relax and before we get our senses to just split from the markets, we have US data from the heart of the anguished sector as the housing market remains in the center of all the downturn the US economy... Fri, 16 May 2008 07:12:55 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/us-april-housing-figures-to-close-the-week-2008051646228/ While the U.S. economy continues to give mixed signals on the health of the economy, with the discussion on a technical recession slowly fading away, the unemployment is creeping higher at a steady albeit very gradual rate. Bearing in mind the continued weakness in the U.S. housing sector and the... Fri, 16 May 2008 07:11:13 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/london-session-recap-2008051646227/ The final London Session of the week has been the tamest by traditional measures of volume and volatility. Traders have not had to watch the catalysts of economic data, which has had a major impact on trading of late. Instead, the lone headlines garnering the attention of market participants came... Fri, 16 May 2008 07:05:33 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/yen-gets-no-help-from-hot-gdp,-euro%11dollar-at-a-standstill?-2008051646222/ Japanese GDP surprised to the upside expanding at 0.8% versus 0.6% expected as growth from emerging markets offset the downtown in US demand, but the positive impact of the news was short lived, as other more forward looking data points suggested that growth in world's second largest national economy is... Fri, 16 May 2008 05:23:50 +0100 http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/dollar-protection-2008051646221/ The dollar weakened following firmer than expected Euro-zone growth data on Thursday and was also unsettled by a renewed increase in oil and commodity prices. The US growth-orientated data was mixed, but the forward-looking data was marginally positive. Industrial production fell by 0.7% in April after a revised 0.2% increase... Fri, 16 May 2008 05:19:46 +0100