Fundamental Analysis

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...
US Dollar Poised to Strengthen Further on Scottish Uncertainty
September 08, 2014 - 14:32
Last week ECB surprised the market by lowering its key benchmark rates by 10 basis points, taking the main refinancing rate to 0.05%, marginal lending facility rate to 0.3% and deposit rate to -0.20%. In addition, ECB also announced fresh quantitative easing measures in terms of purchasing non-financial private sector assets under Asset Backed Securities purchase program and purchasing covered bonds under a new covered bond purchase program. The ECB decision inspired a sell-off for the Euro-zone common currency, Euro, against the US...
Key Reasons That Support Return Of Forex Market Volatility
September 03, 2014 - 11:23
Higher volatility is a big celebration for short-term traders since it provides more trading opportunities. But of late lower volatility in the Forex market has resulted into lower amount of price movement in currency exchange rates. The slower market action has prevented traders from taking big positions in the market and forced them to remain on sidelines. However, historic evidence suggests that periods of extreme low volatility are often followed by unusually high volatility. Moreover, recent economic and geopolitical developments...
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