Fundamental Analysis

NFP And Central Bank Meetings to Dominate The Market
March 02, 2015 - 14:43
​After spending much of the February in consolidation mode, the US Dollar made a comeback in the last week, especially against Euro, helping the overall US Dollar Index (I.USDX) to register eight consecutive month of gains. On the economic front, last week's smaller-than-expected downward revision of US GDP growth rate for the fourth-quarter of 2014 and rebound in durable goods orders accompanied with unchanged Fed outlook on interest rate hike and upbeat tone on labor market conditions, as reflected in Federal Reserve Chair Janet...
Economic Releases To Fuel Volatility In The Market
February 23, 2015 - 15:23
Last week's weaker-than-expected US regional manufacturing indices and housing sector data coupled slightly dovish FOMC meeting minutes and not very disappointing Euro-zone's flash PMI figures pulled-down the US Dollar. Adding to the US Dollar weakness were upbeat UK labor market reports and hawkish Bank of England, signaling to a possible rate-hike later in 2015, as reflected from the minutes of its Feb. 5 meeting. However, Greek uncertainty extended some support for the US Dollar, helping the overall US Dollar index (I.USDX) to...
Possibly Another Week of Volatile Moves In the Forex Market
February 16, 2015 - 15:33
Last week's disappointing US retail sales data, surprisingly higher uptick in weekly jobless claims coupled with improved growth forecast in Bank of England's quarterly inflation report, news of Russia-Ukraine cease-fire agreement and better-than-expected GDP print from the Euro-zone led to a third week of consecutive losses for the overall US Dollar Index (I.USDX). US retail sales declined for a second consecutive month, dropping by 0.8% in January following a 0.9% drop in December. Meanwhile, BOE's hawkish comments in its...
Strong US Dollar Hurts Gold Prices
February 12, 2015 - 15:48
Irrespective of surprise actions by the major central banks and the looming uncertainty over the futures of Greece and Ukraine, the Gold prices lost nearly 5% in the month of February as investors continue supporting the US Dollar expecting the only major central bank to hike interest rate in 2015. The yellow metal registered nearly 8.5% gain during the month of January, mainly because of the surprise action by the SNB during mid-month meeting. However, improvement in US labor market details coupled with the positive comments from the...
Greece Uncertainty To Support US Dollar Bullish Trend
February 09, 2015 - 15:34
Last week until the release of NFP data on Friday, it looked like a corrective pull-back for the US Dollar might have just been triggered on the back of widening US trade deficit and modest pace of growth as reflected in ISM manufacturing PMI. However, Friday's jobs report, that surpassed even the most optimistic estimates, helped US Dollar to erase majority of its weekly loss. In the first month of 2015, the US economy created 257,000 jobs, while the unemployment rate saw a slight up-tick to 5.7% from 5.6% in December. The rise in...
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