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 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.
An important aspect of trading is that recovering losses is harder than losing them. While this may be true in a few aspects, this article will just focus on the mathematics involved.
The Japanese Yen is set to benefit from renewed fears about the pace of the global economic recovery. Increasing signs from the data released last week and from politicians’ comments in recent days all point to an anemic recovery at best, with little hope for a sharp rebound in the world’s major economies.
Crude oil has finished a head and shoulders pattern today, which began last week. Combined with oil closing below $70 today, it looks as though oil will make a move lower tomorrow.
The U.S. Dollar suffered sharp losses against the Euro on the first trading day of the third quarter. Reacting negatively to job loss estimates from private-sector payroll firm ADP, the Dollar shed nearly 1% against the EU single currency.
The poor economic news out of the UK will likely continue on into tomorrow with the release of housing and manufacturing data. We also get the same manufacturing data from the US as well as employment data from ADP.
The U.S. Dollar closed the second quarter with gains against the world’s major currencies. Against the Euro, the Dollar improved to € = $1.4032, despite evidence of historically low inflation within the EU bloc. Similarly, the Dollar was able to shrug off worse than anticipated consumer confidence results.
In early trade, the British Pound reached eight-month highs based on market optimism that an end to the recession will occur sooner rather than later. Positive data concerning prices of home sales and consumer confidence in the UK helped drive the Pound as high as $1.67 before backing off somewhat.