Fundamental Analysis

ECB And NFP To Take The Center Stage
September 01, 2014 - 15:42
Last week's data from the US showed GDP for the second quarter of 2014 being revised higher to 4.2% annualized rate and consumer confidence index jumped to the highest level since October 2007. Meanwhile, US housing data were mixed but still suggested improving health of the sector. Stronger US economic data accompanied with fading hopes for peace talks between Ukraine and Russia, raising concerns over the ongoing uncertainty surrounding the issue, helped US Dollar to register a seventh week of consecutive gains and second consecutive...
Gold Prices Maintained Its Downturn
August 27, 2014 - 14:09
Stronger US Dollar coupled with the weaker physical demand by the largest consumers kept portraying a gloomy face of gold prices which have lost more than 3% during the month of July and are signaling a continuation of downtrend. Additionally, geo-political tensions at Ukraine and Gaza, which have been considered as a supportive factor for the safe haven demand of the yellow metal, are also showing the signs of peace. US Dollar Index (I.USDX), which tracks the US Dollar against a basket of six currencies, is all set to register its second...
This Week's Economic Data To Continue Supporting US Dollar
August 25, 2014 - 14:08
Last week, the US Dollar Index (I.USDX), which measures the US Dollar's performance against a basket of other major currencies, recorded sixth consecutive week of advances supported by better-than-expected housing data and slightly hawkish tone from the minutes of the FOMC meeting in July.  Meanwhile, the Fed chairwoman Janet Yellen's remarks at Jackson Hole late on Friday suggested that the US labor market improvement is turning out to be better-than what was expected by the FOMC, indicating a possible move towards...
US Dollar Likely to Hold Recent Gains
August 19, 2014 - 14:24
Last week, the US Dollar Index (I.USDX), which measures US Dollar's performance against other major currencies, retreated from higher levels on easing geopolitical tensions and mixed economic data. However, following its last week's fractional gain, the index, resumed its strengthening momentum on Monday led by rising home-builder confidence that has raised expectations from this week's housing data from the US. This week's US housing data for the month of July, which includes the release of government's report on...
Global Economic Events To Provide Cues For Forex Traders
August 11, 2014 - 14:31
Last week, the US Dollar benefited from safe-haven demand led by mounting geopolitical concerns in Ukraine. This accompanied with the US President Barack Obama's approval of targeted air-strikes on Iraq hit investors sentiment and boosted demand for safe-haven assets, including the US Dollar.  On the economic data front, the US economy continued showing strength with the ISM non-manufacturing index jumping to 58.7, surpassing expectations, and the trade deficit for the month of June also shrunk more-than-expected to $41.5 billion...
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