Fundamental Analysis

A Week Loaded With Important Economic Data
March 30, 2015 - 14:56
Last week, mixed US economic data led to a intra-week volatility for the US Dollar. Lower-than-expected final US GDP release for the fourth-quarter of 2014 and fifth consecutive monthly decline in durable goods orders, dragged US Dollar lower while strong reading on consumer price inflation and new-home sales data extended some support to the greenback. Combination of diverging economic data led to varying expectations of an eventual interest rate hike by the Federal Reserve and weighed on the US Dollar. Nevertheless, tor the week the...
US Dollar Might Extend The Corrective Move
March 23, 2015 - 14:47
  Last week's movement in the Forex market was driven by one of the most eagerly awaited FOMC meeting statement. As was anticipated, the Federal Reserve dropped the word "patient" from its policy statement but the tone portrayed a dovish economic outlook. The US central bank lowered its economic growth outlook and inflation projections. Moreover, although the FOMC expects to begin raising interest rates later during the year, but the projected pace was more gradual than the market participants were expecting. Recent...
FOMC Triggers Forex Volatility
March 19, 2015 - 15:12
The much awaited monetary policy meeting of the US Federal Reserve summed up with extended uncertainty on Wednesday and provided considerable US Dollar declines. However, the greenback travelled again on the success path during early Thursday as removal of the word “Patience”, from the FOMC statement, pinched market players for expecting a rate hike in June meeting. The FOMC statement, said that "The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen...
FOMC To Rule Forex Market This Week
March 16, 2015 - 14:39
Ignoring disappointing US retail sales data and a drop in consumer sentiment index, the US Dollar last week resumed its broad based rally against other major currencies. Last week's rally helped the overall US Dollar Index (I.USDX), which measures the US Dollar strength against the basked of six major currencies, to test the 100.00 mark barrier. Going forwards, outcome of the Federal Reserve's two-day monetary policy meeting, starting Tuesday, happens to be the most anticipated event for the Forex market this week. Market...
Tepid Economic Calendar To Restrict Big-Moves In The Forex Market
March 09, 2015 - 15:29
Last week's excellent NFP number and a drop in US unemployment rate to 5.5% triggered a fresh leg of strong up-move for the overall US Dollar Index (I.USDX), which rose for the third-straight week. Strong US employment reports has now fuelled speculations of a possible rate-hike by the US central bank as early as June this year. This eventually turn investor's focus towards the next major trigger for the Forex market, US Federal Reserve's two-day monetary policy meeting scheduled to begin on March 17. Meanwhile, this week'...
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