Fundamental Analysis

Upcoming Week's Major Market Movers
November 10, 2014 - 15:09
After reaching multi-year highs, the US Dollar Index (I.USDX) reversed its gains against most major currencies led by last week's US jobs data, which fell short of expectations. Friday's NFP data showed US economy adding 214,000 jobs in October as compared to the consensus estimates of 229,000 jobs. Although the NFP data fell short of expectations, the unemployment rate for October dropped further to 5.8%, and hence last week's slightly weaker US employment data doesn't seems to pose any serious risk for the ongoing strong...
US Jobs Report Holds Key For Further US Dollar Up-Move
November 03, 2014 - 15:16
Last week's diverging central banks action, with the Federal Reserve announcing the end of its quantitative easing (QE) program and Bank of Japan's surprise announcement to expand its annual asset purchases, triggered sharp volatility in the Forex market and lifted the overall US Dollar index (I.USDX) to its highest level in over four years. Adding to the Dollar strength was slightly better-than-expected third-quarter GDP data that showed US economy growing by 3.5%, supporting the optimistic view about the fundamental strength of...
FOMC and US GDP Data To Drive The Market
October 27, 2014 - 15:24
Following a two week of consecutive losses amid extreme volatility, the US Dollar ended the previous week with some strength against EUR, JPY, NZD and GBP but remained subdued against its Australian (AUD) and Canadian (CAD) counterparts. Strong US housing market data benefited the overall US Dollar Index (I.USDX), which ended the week gone by with some modest gains. Going forward, the FOMC decision and advance estimate of US GDP for the third-quarter of 2014 are the highlights from this week's economic calendar. For a comprehensive...
Markets Likely To Extend Recent Volatility
October 20, 2014 - 15:23
Last week, the US Dollar Index (I.USDX) ended lower for a second consecutive week amid extreme volatility, which was prevalent across global financial markets. The US economic data released during the week were generally mixed, with the monthly retail sales data and Empire State manufacturing index missing expectations while industrial production and Philly Fed manufacturing index beating consensus estimates. Even weaker German ZEW Economic Sentiment and UK inflation data, which fell to a 5-year low, failed to provide any meaningful...
Can Gold Prices Rally Further?
October 16, 2014 - 14:49
With the IMF’s downward revision of global growth forecast and the intimation by the FOMC minutes to still consume considerable time before thinking of an interest rate hike caused the rebound in gold prices from the year’s low during last week. The yellow metal secured nearly 2.5% so far during the current month and is heading for the first back-to-back weekly rise since July. The September month which is historically considered to be a buying month due to the festival season at the world’s second largest bullion...
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