Fundamental Analysis

Can The US Dollar Witness Renewed Strength?
October 13, 2014 - 14:03
Last week, the US Dollar Index (I.USDX), which measures US Dollar performance against other major currencies, finally witnessed a much awaited profit-taking move after recording 12 consecutive weeks of up-surge. The FOMC meeting minutes released last week was mostly considered to be dovish, as despite of improving US economic data the Fed trimmed its GDP forecast on the back of weakening global economy and stronger domestic currency. Apart from the FOMC minutes, last week's lighter economic calendar provided little in terms of any...
Lighter Economic Calendar To Restrict Big Moves
October 07, 2014 - 14:46
Last week's US labor market reports showed a strong rebound for the month September with the addition of 248,000 jobs and unemployment rate dropping below 6.0% for the first time since 2008. Robust jobs data helped the US Dollar Index (I.USDX) recover and register 12th consecutive week of gains. Following Friday's big gains, the US Dollar retreated on Monday from a multi-year high against a most major currencies. However, with a relatively lighter global economic calendar, the US Dollar is poised to witness some corrective...
A Week Full of Market Moving Economic Events
September 29, 2014 - 15:08
Last week's upward revision of US second-quarter GDP and a surge in new home sales benefited the US Dollar index (I.USDX), which measures US Dollar's performance against a basket of currencies, to register its 11th straight weekly gain and hit a fresh four-year high. Other US economic data released in the week gone-by showed durable goods orders in August plunging by 18.2%  because of a drop in orders for Boeing aircraft, while existing home sales also witnessed some pull-back in August.  Heading into fresh trading week...
Possibly A Range-Bound Week Ahead
September 22, 2014 - 14:47
Last week, the overall US Dollar index (I.USDX), which measures the US Dollar performance against other major currencies, posted yet another week of gains on the back of FOMC meeting. The FOMC economic projection showed majority of the members projecting higher interest rates for the upcoming year, eventually boosting demand for the US Dollar. Elsewhere, the British Pound failed to capitalize on the gains witnessed before the Scottish referendum on independence, which rejected independence from the UK. Although, the US economic calendar...
FOMC And Scottish Voting Likely To Fuel The Forex Market
September 15, 2014 - 16:32
With the continued progression of improved US economic numbers supporting the early rate hike by Fed, the US Dollar kept strengthening against majority of its counterparts during last week. However, BoE Governor, Mark Carney’s signal for a rate change during the Spring 2015 provided across the board strength to the British Pound (GBP). Moreover, the BoJ Governor, Haruhiko Kuroda’s readiness to introduce additional stimulus on the drop of 2.0% inflation caused considerable weakness to the Japanese Yen (JPY). Monetary policy...
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