The following are the most recent pieces of Forex fundamental analysis from around the world. The Forex fundamental analysis below covers the various currencies on the market and the most recent events, announcements, and global developments that affect the Forex market.
Forex Fundamental Analysis
Forex Fundamental Analysis
Investors continue to brace themselves for today’s Federal Reserve meeting, which could have a profound impact on the short term future of the USD.
The Reserve Bank of Australia released its minutes of the August 7, 2012 meeting on Tuesday morning. This release was highly anticipated by Aussie traders as the minutes could perhaps give some insight as to which way the board may be leaning as far as monetary policy.
Major currencies started trading this week in a quiet calm manner, while the euro completed its high against the dollar and the yen right before European leaders’ meeting.
In New Zealand prices paid by the owners of farms, factories, and producers for goods and services were raised in its most narrow year, referencing a moderation of inflation.
Another day starts in the old continent that is still facing the repercussions the sovereign dept crises with hopes that the central banks around the world would take actions to contain the ongoing dilemma.
During the Tuesday session, the United States released Core Retail Sales on a month to month basis, as well as Retail Sales for the month of July. The US Senses Bureau announced the better than expected results at 8:30 AM New York time.
New Zealand offered up two headline numbers early this morning to give a peek into the mind of the average Kiwi consumer. The quarterly Core Retail Sales number came out at 0.9%, which was just slightly under the anticipated 1% reading.
On Friday, we saw the release of the employment numbers out of Ottawa, and they were most certainly a disappointment. The projected employment change for the previous month of July was expected to come at a positive 9,600 jobs, but was reported to be a loss of 30,400.
The U.S. trade balance deficit was reduced amidst dropping of the U.S. dollar during the last period which supported the exports of goods.
The Antipodean countries, Australia and New Zealand, announced employment figures this morning in what could be best described as a mixed bag.
Looking at the Non-Farm Payroll numbers released last week, it is obvious that there was a little something for everyone in the numbers.
An economic week awaits investors through which the lights are shed on the British economy and it's inflation report.
We have reached an enthusiastic economic end of the week, when the federal foiled the financial markets while siding idle. European Central Bank, then, increased the severity of frustration when it rejected the stimulus measures to support economic growth.
Today, we reached the expected day; European Central Bank is scheduled to announce the rates, with strong expectations that the Bank will also approve facilitative procedures in order to control the worsening sovereign debt crisis.
Wary anticipation gloomed the financial markets as eyes are directed towards today’s scheduled announcement of the Federal Bank’s interest rates.