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
U.S. Dollar Trading (USD) the direction was set in the Asian session with news from China about the diversification of FX reserves. Figures released show that gold holdings had increased to over 1000 tons.
Sterling the worst performer ahead of USD on worse than expected Q1 GDO and concerns of a possible downgrade of the UKs credit rating...
One can understand how a better reading of business confidence across several thousand German businessmen could help drive the euro to a second day of gains against the dollar...
On April 20th, Bank of America announced a first quarter surge in earnings to $4.2 billion. At first blush, it looked like the kind of news that would ignite a stock market rally.
The USD suffered a violent whipsaw today first rising to highs during early New York trade before reversing to make lows against some pairs and end mixed.
US Treasury Secretary Timothy Geithner’s contribution last night showed a marked improvement from early performances and his comments produced the desired effect.
U.S. Dollar Trading (USD) traded higher with US stocks tumbling after negative leads from the Asian and European sessions.
The US dollar recouped some of its losses after weakening against most major currencies overnight.
The euro fell against the dollar after European Central Bank President Jean- Claude Trichet said the central bank must do everything possible to boost confidence, signaling he may cut interest rates further.
U.S. Dollar Trading (USD) the Dollar gained in Asia as stocks came under pressure for the second day in that region. Most of the gains were given up in the US session as equities bounced into the close.
The chief savior for the United States in this economic, financial and banking crisis, aside from China of course, will be the American consumer. If the United States' economic growth is to resume, there is no possible substitute for American consumer spending. It is the average US family budget that is the ultimate object of all government plans and business investment.
Currency markets have relented the Dollar sell off to start the week as equity markets in Europe, UK, and the US have all taken hits in Monday trading.
USD/JPY struggled to reach the key 100.00 price level for most of the past week, unable to break this important psychological level until Friday, when price closed the week just around 25 pips above it.
EUR/USD adhered to a short-term uptrend support line this past week, as it recovered partially from a substantial drop the week before.
Overall, the majors enjoyed strong momentum during the early part or the Asian session, but some of the pairs lost the momentum as we headed into the Asian close.