Fundamental Analysis

Gold Market Update
December 04, 2014 - 15:08
Having registered third straight month of decline, the Gold prices rallied heavily on the start of the December mainly because of the profit booking that reimbursed the decline after Swiss referendum got rejection. Moreover, the news of Japan’s credit rating being downgraded by Moody’s and a rebound in overall commodity basket supported the northward move of the yellow metal prices. However, the gold prices, even after rallying nearly 3.5% since the start of the month, are trading near $1200 since last couple of days as...
Possibly a Volatile Week Ahead in The Forex Market
December 01, 2014 - 15:47
Last week's mixed US economic data, including the better-than-expected preliminary release of US GDP for the third-quarter of 2014, failed to provide the required support for the US Dollar to extend its recent up-move. The US Dollar, however, got a boost as the Organization of the Petroleum Exporting Countries (OPEC) announced to maintain the existing daily crude production target. The late move helped US Dollar recover all of its losses registered earlier during the week, lifting the overall US Dollar index (I.USDX) for fifth...
Important Economic Releases To Drive The Market In The Week Ahead
November 24, 2014 - 15:24
Last week what looked like a lackluster, range-bound market ended with yet another week of strong performance for the overall US Dollar Index (I.USDX). The US Dollar strength was primarily trigger by ECB President Mario Draghi's comments that took the Euro-zone common currency sharply lower and helped I.USDX rise to the highest weekly close in over 4 years, since June 2010. Also on Friday, Chinese central bank, the People's Bank of China (PBOC), surprisingly lowered its benchmark interest rates. PBOC slashed its one-year deposit...
US Dollar Bullish Trend Remains Intact
November 17, 2014 - 15:25
Last week's lighter economic calendar restricted any big moves in the Forex market. Last week, US monthly retail sales surprised on the upside, reversing previous month's declines, while Euro-zone GDP expanded at a sluggish pace, registering a modest growth of 0.2% in the third-quarter. Meanwhile, slightly weaker-than-expected UK employment data coupled with dovish BOE's quarterly inflation report triggered bearish move for the British Pound. Last week's mixed performance against other major currencies led to a range-bound...
Gold Prices Extended Its Downturn
November 13, 2014 - 15:23
Gold prices tested the four-year low during last week and reversed a bit during the weekend, due to the offbeat US labor market numbers, are again trading down during the current week. The precious metal prices, trading near $1160 at present, have liquidated nearly 1% since the start of the month and are under the impression of registering consecutive annual decline. Also Read: Upcoming Week's Major Market Movers Gold which is generally considered as a safe haven asset continued its decline since September as the improvement in US...
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