Fundamental Analysis

Upcoming Week's Important Economic Data And Events To Watch
July 16, 2014 - 12:54
Last week, the US economic data remained mixed with disappointing housing, retail sales and industrial production data and, two regional manufacturing surveys, Empire State Manufacturing Index and Philly Fed Manufacturing Index, exceeding expected prints. However, geopolitical concerns in Ukraine and Gaza accompanied with the Fed Chair's semi-annual testimony, indicating the possibilities of the Fed accelerating its plan to hike interest rates should the recent improvement in the US labor market and economic conditions remain on track,...
Precious Metals Remain Elevated
July 10, 2014 - 13:49
After witnessing heavy liquidation on last Thursday, due to the optimistic US labor market numbers, precious metal prices continue to remain elevated during the current week. Gold prices increased by nearly 1.15% while the Silver prices have gained around 1% since the start of the week. The precious metal prices are heading towards completing sixth consecutive week of price acceleration as recent FOMC minutes coupled with geo-political crisis kept supporting their safe haven demand. Also Read: Fewer Economic Releases To Restrict Big Moves...
Fewer Economic Releases To Restrict Big Moves In The Forex Market
July 07, 2014 - 13:36
Last week's stronger US economic data sparked the US Dollar recovery against most of its major counterparts, except for the British Pound and Canadian Dollar. The week began with better-than-expected pending home sales data and the momentum continued with both the ISM manufacturing and non-manufacturing PMIs continuing to show expansion. This was further supported by narrowing US trade deficit data and strong employment growth as was reflected in the ADP report and official jobs report. Surprisingly stronger-than-expected US...
A Look At Some Important Economic Events Lined Up For The Week
June 30, 2014 - 14:47
Last week, the US Dollar posted a second week of losses against other major currencies primarily led by sharper-than-expected downward US GDP revision. The Department of Commerce revised the first-quarter US GDP lower to show the economy contracting by 2.9%. Also, contributing to the US Dollar weakness was greater-than-expected fall in durable goods orders for May. Meanwhile, the US housing sector continued showing signs of improvement with both existing home and new home sales posting better-than-expected monthly gains. Nevertheless,...
Gold Prices Trading Near Two-Month High
June 26, 2014 - 13:43
Gold prices rallied during the previous week by completing third consecutive weekly gain and securing nearly 6% of price increase during the current month. Multiple factors, ranging from technical breakout to the geo-political tensions in Iraq and weaker US Dollar, played their role in order to support this up-move. Currently, the yellow metal is trading near $1311, near to its two month high of $1325.70 tested during the early week. Also Read: Can US Dollar move out of its recent range? Amongst the factors that are considered to be the...
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