Fundamental Analysis

All Eyes on US NFP and Euro-zone CPI
January 05, 2015 - 15:36
The US Dollar ended 2014 on a high note and kicked off 2015 on a firm footing on the back of monetary policy divergence among major central banks with the Fed all set to raise interest-rates while ECB and BoJ expected to continue with their loose monetary policies. Political uncertainty in Greece and rising expectations of ECB announcing fresh quantitative easing measures kept the Euro-zone common currency under pressure while fresh bout of weakness in crude oil prices led to the suffering witnessed by Canadian Dollar (CAD). Moving on to...
Manufacturing PMI Data In Focus
December 29, 2014 - 15:05
In a week shortened by Christmas holiday, the US Dollar index (I.USDX), that measures US Dollar's performance against its major counterparts, managed to edge up on the back of better than expected third-quarter GDP print. The final revision of US GDP showed economy growing at a seasonally adjusted annual rate of 5%, posting its strongest growth since the third-quarter of 2003. Stronger growth data helped US Dollar to register gains in otherwise a directionless trading week. Going forward, thin trading conditions are likely to prevail...
Holiday Season To Restrict Big-Moves In The Forex Market
December 22, 2014 - 14:04
In the week gone-by, when the Federal Reserve fuelled expectations of a possible rate-hike in the middle of 2015, the overall US Dollar Index (I.USDX) climbed to a fresh multi-year high. The central bank twisted its language by dropping the promise to keep interest rates lower for a "considerable time" and adding that it can be "patient" before raising rates. The changed language indicated central bank's readiness to raise interest rates by the middle or 2015 or possibly even earlier.  Going forward in a...
FOMC To Determine Near-Term US Dollar Direction
December 15, 2014 - 14:43
Last week, with lesser releases scheduled for publication, the US Dollar registered heavy losses against majority of its counterparts as market players remained cautious about the FOMC outcome, scheduled during the current week. However, the consumer centric details, Retail Sales and the Preliminary reading of UoM Consumer Sentiment, remained upbeat and minimized some of the losses piled during the early week days. Concerns over the re-election in Greece again fuelled speculations relating to the economic health of the troubled region and...
Fewer Economic Releases Might Trigger US Dollar Pull-Back
December 08, 2014 - 15:03
Friday's blockbuster Non-farm payrolls (NFP) data and upward revision of September and October readings helped the US Dollar to register yet another week of strong gains, lifting the overall US Dollar Index (I.USDX) to its highest level since April 2006. Before the release of strong jobs report, encouraging US ISM manufacturing and non-manufacturing PMI figures also supported the US Dollar during the early part of the week.  Adding to the overall US Dollar strength was ECB and RBA's dovish tone, and disappointing Australian...
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