Fundamental Analysis

Fewer Economic Indicators Scheduled For The Current Week
April 21, 2014 - 13:08
Last week, US Dollar regained its strength against majority of its counterparts backed by improvement in economic indicators. Moreover, news of Barclay’s, the commodity giant, intention to roll back major portion of its business due to weaker revenue numbers, fuelled selling pressure at commodity frontier which additionally supported the demand of US Dollar. US Dollar index (I.USDX) registered nearly half a percent of gain at the end of last week. The greenback ignored newly appointed Fed Chair’s signal, during the speech at...
Week Ahead in The Forex Market
April 14, 2014 - 13:26
Last week, the US Dollar fell across the board against most major currencies, posting a weekly loss of over 1% lead by relatively dovish FOMC outlook as portrayed by the minutes from the Federal Reserve's March 18-19 meeting, changing investor expectations on the future of first interest rate by the US central bank. The minutes also showed that the central bank officials were in consensus to scrap the 6.5% unemployment rate as a threshold in its decision of the first rate-hike. The US Dollar was further pressured by the BoJ status-quo...
US Dollar Continues To Weaken
April 10, 2014 - 15:54
The greenback continues trading down against majority of its counterpart during the current week after the labor market indicators from the world’s largest economy, released later last week, fell below the market consensus. Moreover, minutes of Fed's March 18-19 meeting, released later yesterday, provided additional weakness to the US Dollar. The Australian Dollar tested the highest level in more than four months against its US counterpart supported by the improvement in major economic indicators while GBP improved against...
Gold Prices Trading Above $1300
April 09, 2014 - 13:38
Having tested the lowest level in seven weeks at the start of April, gold prices have gained nearly 2% during the current month as geo-political tensions over Ukraine supported the safe haven demand of the yellow metal. The safe haven asset covered nearly 9% during the current year after witnessing the biggest annual drop since 1981 during the year 2013. The yellow metal weakened considerably during the later part of March as newly appointed Fed Chair, Janet Yellen, in her first press conference after the monthly FOMC meeting on March,...
A Look at Important Events in The Week Ahead
April 07, 2014 - 13:34
Top-tier economic events in the week gone-by triggered some volatile moves in the Forex market. The highlight of the week was the most keenly watched US monthly jobs report. The report showed US economy adding 192K new jobs in March, while the unemployment rate holding steady at 6.7%.  Although, the number was below consensus estimates, it still provided a strong evidence of returning normalcy in the US labor market, shaking off the slump lead by extreme weather conditions in January and undoing some of the uncertainty over the...
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