Fundamental Analysis

Important Economic Releases To Drive The Market In The Week Ahead
November 24, 2014 - 15:24
Last week what looked like a lackluster, range-bound market ended with yet another week of strong performance for the overall US Dollar Index (I.USDX). The US Dollar strength was primarily trigger by ECB President Mario Draghi's comments that took the Euro-zone common currency sharply lower and helped I.USDX rise to the highest weekly close in over 4 years, since June 2010. Also on Friday, Chinese central bank, the People's Bank of China (PBOC), surprisingly lowered its benchmark interest rates. PBOC slashed its one-year deposit...
US Dollar Bullish Trend Remains Intact
November 17, 2014 - 15:25
Last week's lighter economic calendar restricted any big moves in the Forex market. Last week, US monthly retail sales surprised on the upside, reversing previous month's declines, while Euro-zone GDP expanded at a sluggish pace, registering a modest growth of 0.2% in the third-quarter. Meanwhile, slightly weaker-than-expected UK employment data coupled with dovish BOE's quarterly inflation report triggered bearish move for the British Pound. Last week's mixed performance against other major currencies led to a range-bound...
Gold Prices Extended Its Downturn
November 13, 2014 - 15:23
Gold prices tested the four-year low during last week and reversed a bit during the weekend, due to the offbeat US labor market numbers, are again trading down during the current week. The precious metal prices, trading near $1160 at present, have liquidated nearly 1% since the start of the month and are under the impression of registering consecutive annual decline. Also Read: Upcoming Week's Major Market Movers Gold which is generally considered as a safe haven asset continued its decline since September as the improvement in US...
Upcoming Week's Major Market Movers
November 10, 2014 - 15:09
After reaching multi-year highs, the US Dollar Index (I.USDX) reversed its gains against most major currencies led by last week's US jobs data, which fell short of expectations. Friday's NFP data showed US economy adding 214,000 jobs in October as compared to the consensus estimates of 229,000 jobs. Although the NFP data fell short of expectations, the unemployment rate for October dropped further to 5.8%, and hence last week's slightly weaker US employment data doesn't seems to pose any serious risk for the ongoing strong...
US Jobs Report Holds Key For Further US Dollar Up-Move
November 03, 2014 - 15:16
Last week's diverging central banks action, with the Federal Reserve announcing the end of its quantitative easing (QE) program and Bank of Japan's surprise announcement to expand its annual asset purchases, triggered sharp volatility in the Forex market and lifted the overall US Dollar index (I.USDX) to its highest level in over four years. Adding to the Dollar strength was slightly better-than-expected third-quarter GDP data that showed US economy growing by 3.5%, supporting the optimistic view about the fundamental strength of...
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