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
The British Pound was weak against major currencies as an economic research institute projected continued declines in GDP and housing prices and warned that a substantial recovery may not occur for several years.
The Euro broke above its recent trading range against the Dollar and moved to a nearly seven-week high as increasing signs of recovery in corporate earnings reports encouraged traders to abandon their safe-haven buying of the U.S. Dollar.
Currency traders face a relatively light week in terms of U.S. economic data. On Monday, the Conference Board’s report of leading economic indicators for June will be released and on Thursday, the Department of Labor will release initial jobless claims data for the previous week.
Another positive move by global equities undermined the U.S. Dollar again on Thursday as currency traders exchanged their safe-haven positions for riskier bets.
U.S. Dollar is likely to strengthen in the near term, as data points to a gradual recovery in the U.S. economy and as traders remain wary of taking on excess risk.
After trading in a relatively narrow band versus the U.S. Dollar for several years, the New Zealand Dollar or “Kiwi Dollar” experienced several wild swings in 2008.
Yesterday I called for US equity markets to make a move toward losses. We did not see that however, while oil fell on the day, gold was notable higher.
The Japanese Yen has appreciated significantly in recent months as currency traders sought to hedge against the possibility of a slow or failed economic recovery.
Looking at what happened in the S&P 500 today, it looks as if the market has begun to move toward gains for the time being. However, looking outside of equities at commodities and treasuries the day did not look so good.
The Canadian Dollar has been under increasing pressure in recent weeks as fears of a failed economic recovery have pushed currency traders
The Brazilian Real has appreciated substantially over the past several years...
As the Bank of England concludes its July policy meeting today, expectations run high that an additional £25 billion of quantitative easing measures will be announced, even as the headline interest rate is held steady.
Yesterday, I expected today to see a pickup in risk appetite, but we did not get it. However, the S&P 500 breached 880 support level today, but was unable to sustain the move down.
EURUSD traded up to test resistance at 1.40 in late New York last night before Asia took the pair back down to the 1.3900 level.
The British Pound has come under increasing pressure during the past several trading days as indications grow that economic recovery in the U.K. is tepid at best.