Forex Fundamental Analysis
The European Central Bank recently released its monetary policy meeting minutes, showing that the bank’s policymakers supported the decision to continue with an accommodative monetary policy stance until March 2022.
Bank of England Governor Andrew Bailey said recently that the latest surge in the number of COVID-19 infections has put the British economy in shambles, delaying the country’s recovery.
According to recently released electoral data, the Democratic Party will likely grab the two Georgia Senate seats that were in dispute, giving the party a trifecta for the first time since 2009.
According to Germany's Federal Statistical Office, retail sales rose by 5.6% (annually) in November, higher than expectations of 3.9% but lower than the previous month's 8.6% rise.
The British House of Commons approved the trade agreement with the European Union yesterday in a 521-73 vote, ending the Brexit saga just before the deadline.
The US House of Representatives decided to back President Trump’s proposal to give additional stimulus payments to Americans in need, which has been a recent point of contention between both parties.
The end of autumn 2020 will forever go down in the story of the Forex market.
The Bank of Japan recently released its monetary policy meeting minutes, in which policymakers discussed forms of making their monetary stimulus measures more sustainable.
The US Federal Reserve recently announced its decision to leave the cash rates unchanged, remaining in line with analysts' expectations.
The United Kingdom’s Office for National Statistics recently reported the country’s unemployment rate, which stands at 4.9 percent for the third quarter, and lower than expectations of 5.1 percent.
Eurostat recently revised down the third quarter gross domestic product figures, showing that the eurozone economy grew less than previously expected, though at its fastest rate since 1995.
The United States Bureau of Labor Statistics reported last week that non-farm payrolls stood at 245,000, which is lower than expectations of 469,000 and last month's 610,000.
The Reserve Bank of Australia announced its decision to keep the interest rates unchanged at 0.1 percent, leaving them at a historical low and in line with analysts' expectations.
The US dollar dropped by 0.39 percent last week against a bundle of its main competitors, giving up last week's gains and closing the week at the 92.32 level.
So far this week, the Australian dollar has advanced against the US dollar, gaining 0.08 percent and continuing its three-week gaining streak, raising concerns about the appreciation of the US dollar.