Fundamental Analysis

Market Turns Cautious On USD
April 20, 2015 - 15:18
Last week's US economic data managed to move back to reflect positive growth but fell short of consensus estimates. Apart from Friday's headline inflation data for March that rose in-line with market expectations, most of the economic data points that included monthly retail sales data, regional manufacturing indices and housing data, although reversed prior month's declines, printed weaker-than-expected numbers. Tepid US economic data resurfaced expectation that the Fed might refrain from raising interest rates until the last...
Can Gold Prices Extend Declines On Strong US Dollar?
April 14, 2015 - 15:15
Ever since the monetary policy meeting of the US Federal Reserve revealed that the US labor market still has a room for improvement, and pushed back the rate hike expectation, which was later confirmed by the weaker NFP reading, the Gold prices rallied nearly 7% from its 2015 lows. However, minutes of the same meeting, released last week, weakened the yellow metal prices to shed nearly 1.3% from its recent highs as MPC members were divided on the timing of interest rate with some of them, mainly the Fed official Jeffrey Lacker, San...
Can US Dollar Extend Last Week's Bullish-Move?
April 13, 2015 - 14:51
Following a substantial decline in the previous three weeks, the US Dollar, last week, snapped its losing streak and managed to recover against most major currencies. The US Dollar recovery that started with the release of ISM non-manufacturing index, that remains firmly in expansion territory, was reinforced by the minutes from the Fed's latest monetary policy meeting in March. The greenback soared after the release of the minutes that revealed several FOMC members favoring the Fed to start rising the funds rate at the highly-...
RBA Maintains Status-Quo; BoJ and BoE to Follow Suit
April 07, 2015 - 15:26
Slew of central bank announcements started on Tuesday with the Reserve Bank of Australia (RBA) refrained from cutting down their benchmark interest rate and providing a minor recovery into the (AUD). Market players are now looking for monetary policy meetings by the Bank of Japan (BoJ) and the Bank of England, scheduled on Wednesday and Thursday respectively, in order to determine forex market moves. Although both these central bankers are less likely to alter their current monetary policy measures, communications by the policy makers...
Tepid Economic Calendar Could Magnify USD Losses
April 07, 2015 - 10:07
Adding to a recent string of weak US economic data, employment report release on Friday showed US economy adding only 126,000 new jobs in March, sharply below consensus estimate of 251,000 increase. Adding to the weak jobs report was downward revision of employment gains for January and February by a combined figure of 69,000. Disappointing NFP reading possibly takes the expectations of interest rate hike in June off the table, dragging the overall US Dollar Index (I.USDX) lower to register its third consecutive week of losses. Heading...
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