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Daily Market News By FXNET

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Fundamental Analysis May 2

Postby Froso@FXNET » Fri May 02, 2014 3:44 am

EUR/USD is exchanging at 1.3880 crawling higher on Thursday having ridden out two days of more terrible than anticipated news on Eurozone swelling and the US economy that have not in a broad sense modified observations of the approach viewpoint in either.

GBP/USD outperformed its crosses to hit a 2014 trading at 1.6911 after strong manufacturing PMI data surprised the markets to the upside.

AUD/USD is down just 2 points at 0.9287 after data releases this morning. Australia’s dollar held a two-day gain after Chinese data showed manufacturing picked up in April.

USD/JPY is trading at 102.30 up by 7 points after the US dollar declined on Wednesday; the pair is recovering the overreaction to lackluster GDP data but extremely positive ADP payroll numbers.

Gold continued to creep down trading at 1285.00 down almost $11 after the US FOMC continued its tapering program and tensions eased in the Ukraine. Traders pushed the Dow Jones to a record high yesterday
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Re: Daily Market News By FXNET

Postby Froso@FXNET » Wed May 07, 2014 3:20 am

Fundamental Analysis May 7
EUR/USD picked up 52 focuses to exchange at 1.3927 setting itself up for a significant fall. Climbing relentlessly after eurozone administrations PMI basically beat desires and Spanish unemployment reported much superior to anticipated. Numerous accept this is all a measurable abnormality as Spain is not in a recuperation mode and with the Easter occasion amidst the month a considerable measure of information was most likely not arranged.

GBP/USD added 83 points to be the best market performed today after Services PMI data beat expectations. The pound soared to trade at 1.6951 with the possibility of breaking the 1.70 level later in the session.

AUD/USD gained 7 points after the announcement of the RBA decision to hold rates and policy this morning. The pair is trading at 0.9280. In a strange twist, data showed that Australia’s trade surplus has narrowed, driven by a fall in mining exports.

USD/JPY climbed off the 101 level touched as markets opened on Monday on safe haven trades with tensions escalating in Ukraine. The yen strengthen last week as the BoJ held rates and fire offering a better than expected assessment of the Japanese economy.

Gold is trading at 1307.60 down by $1.70 as traders closely monitor the situation in Ukraine but strong US data seems to be outweighing the flight to safety as ISM data a day before surprised markets to the upside. Gold has been trading sideways after it fell sharply after hitting a seven-month high at 1392 USD in mid-March.
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Re: Daily Market News By FXNET

Postby Froso@FXNET » Thu May 08, 2014 3:31 am

Fundamental Analysis july 18
EUR/USD gave back most of its earlier gains to trade at 1.3932 ahead of the European Central Bank meeting scheduled tomorrow. A dismal German factory orders release also weighed on the currency.

GBP/USD could not gain momentum today and is trading at 1.6971 as traders sell off to book profits as the currency bounces off a record high. Technical selling keeps triggering every time the pound gathers a bit of momentum.

AUD/USD gave up 8 points this morning to trade at 0.9340 in sympathy to the decline of the kiwi dollar after the Director of the New Zealand central bank said that he would intervene to reduce the strength of the kiwi

USD/JPY eased to 101.58 dipping 10 points. The US dollar remains weak, but flat in this morning’s session. Therefore the moves have been in the strength of the Japanese yen, as traders remain in risk off mode pushing the strength of the yen.

Gold eased a bit today as traders prepared for Janet Yellen’s testimony due in the later part of the day. Gold is trading at 1303.90 down by $4.70. Tensions in the Ukraine seem to be easing today after violence this past weekend turned up the heat.
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Fundamental Analysis july 18

Postby Froso@FXNET » Tue May 13, 2014 4:13 am

EUR/USD gained 9 points to trade at 1.3765 recovering a few pips after its tumble since Mr. Draghi’s comments on Thursday. The euro-area’s fastest economic growth in three years probably won’t be enough to stop Mario Draghi from easing monetary policy.

USD/JPY gained 14 points heading back to its 2014 trading range around the 102.50 level as tensions in the Ukraine ease after the weekend vote seemed to end a good deal of the violence.

GBP/USD gained 35 points today to trade at 1.6886 as the US dollar eased. Another transition session Monday, with the dollar from little changed to a tad weaker versus major’s competitors and the pound among the best performers ahead of the BoE Quarterly Inflation Report to be released next Wednesday.

AUD/USD is trading at 0.9362 remaining strong even as the US dollar continues to climb back towards the 80 level. The Aussie is trading flat this morning making little of the business confidence release as traders are expecting comments from the RBA about the strength of the AUD.

Gold moved between small gains and losses up by $3 at 1290.90 at this writing. “Precious metals have been extremely quiet this morning, holding tight ranges,” said William Adams, head of research at FastMarkets.com. “The gold price continues to oscillate sideways either side of $1,290 an ounce — for now we would expect more of the same.” Gold could benefit from some technically-driven buying said Robin Bhar, head of metals research at Societe Generale.
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Re: Daily Market News By FXNET

Postby Froso@FXNET » Mon Jun 02, 2014 7:41 am

Fundamental Analysis july 22
EUR/USD picked up 14 focuses today to exchange at 1.3616 after German retail deals missed desires and Italian CPI kept on decliing. Euro zone swelling remained at only 0.7 percent in April and is relied upon to stay at the same level in May. Bank of Italy Governor Visco said the pace with which swelling desires can change implied definitive activity was required to take off any danger of a deflationary winding.

GBP/USD trade at 1.6746 remaining well below its monthly trading range. News printed yesterday revealed that Bank of England policymaker Martin Weale wants interest rates to rise “sooner rather than later”.

AUD/USD eased by 43 points after building approvals tumbled well below expectations. The Aussie was trading just above the 93 level but slid to trade at 0.9267. The price of iron ore dropped 4 per cent ending another tumultuous month for the commodity. Australia’s largest export has now fallen in price for six consecutive months; with Friday’s fall one of the heaviest during that span, even if it doesn’t rate alongside the 8 per cent nosedive seen on March 10. The commodity is at its lowest level since September 2012 and just over 5 per cent above a five-year low.

The USD/JPY continues to weaken after the IMF said that the Bank of Japan needs to stimulate the economy now and the Bank Governor changed his rhetoric ahead of this month’s meeting. The JPY moved back into the 102 level to trade at 102.04 giving up 27 points to the greenback. Japan’s consumer prices rose 3.2 percent in April from a year earlier to the highest level since 1991, the government said Friday. The rise was largely due to the first stage of a two-part sales tax hike that is expected to dent growth this quarter.

Gold continued to decline giving up $3 to trade at 1254.10 as global tensions ease, inflation remains tame and the economic crisis seems to be easing into recovery.
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Forex Daily Analysis - 18 June 2014

Postby CommexFX » Wed Jun 18, 2014 7:31 am

EUR/USD moved by 7 focuses on astonishing information from Germany. The pair exchanged at 1.3566 after German ZEW monetary opinion tumbled indicating concerns after the ECB included its huge weapons a couple of weeks prior. The dollar edged higher, however was kept to a thin run by alert in front of this present week's U.s. Central bank gathering and worry about raising viciousness in Iraq.

GBP/USD eased by 4 points after the release of inflation data today. The pound is trading at 1.6980 after CPI and PPI both printed below forecast. The Pound immediately weakened against the majors this morning, dropping from a 19 month high against the Euro and close to a 5-year high versus the U.S Dollar.

AUD/USD took a fall this morning after dovish comments from the RBA minutes release. The Aussie gave up 45 points to trade at 0.9355. The Aussie dropped 0.4 percent to 93.66 U.S. cents as of 11:12 a.m. in Tokyo. It rose to 94.38 on June 12, approaching this year’s high of 94.61 The AUD dropped after the Reserve Bank reiterated it expects to keep its benchmark at a record low and a report that investment into China unexpectedly declined.

USD/JPY gained 19 points to trade at 102.03 as traders showed disappointment in Prime Minister Abe’s revised “Arrow Three” plans. Traders also are keeping an eye on escalating violence in Iraq as the US prepares for a meeting with Iran. Prime Minister Shinzo Abe’s team on Monday unveiled more policies aimed at cheering companies and investors, including a plan to reduce corporate taxes, with the aim of raising share prices at home.

Gold continued to ease throughout the day giving up $10.50 to trade at 1264.80. Gold price fell further from a three-week high as investors withdrew money from the top bullion fund at the fastest pace in two months and as markets nervously waited for a Federal Reserve meeting this week.
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Re: Daily Market News By FXNET

Postby Froso@FXNET » Wed Jul 23, 2014 3:31 am

Fundamentals analysis 23 July

EUR/USD surrendered 40 focuses today to exchange at 1.3484 as the US dollar profited from the place of refuge disposition of the business sectors on any expectations of a stronger recuperation in the US while Eurozone viewpoints get to be troubling as issues mounted in the Ukraine. Indeed with the European Central Bank's remarkable simple approach including the as of late uncovered extraordinary negative store rates, close zero premium rates and a new adjust of ease advances to pump up loaning the saving money framework is delicate.

GBP/USD eased as traders moved to the US dollar for safety giving up 9 points to trade at 1.7068. The dollar index rose to a six-week high on Tuesday, buoyed by its gains against the euro as speculators bet on a robust inflation reading in the United States

AUD/USD gained 12 points this morning as global tensions eased a bit in the morning. The Aussie is trading at 0.9386. Reserve Bank of Australia (RBA) Governor Glenn Stevens said quantitative easing had clearly worked to lower borrowing costs across the globe, but it was not clear that this had led to much higher business investment.

USD/JPY gained 7 points to trade at 101.47 as global tensions eased a bit. Japan is unlikely to meet its international commitment to achieve a government budget surplus by fiscal 2020, even if it proceeds with another consumption tax increase, sources said Saturday. New U.S. dollar-denominated funds sold to Japanese retail investors have attracted 39% of almost ¥1 trillion, or $9.7 billion, of inflows from May 2013 to June this year, reports Ben McLannahan for Financial Times.

Gold reacted in the reverse of expectations falling 7.00 to trade at 1306.90 as traders moved into the US dollar as the alternative for safety. Prices gained around 0.1 percent and rose above $1,300 an ounce on Monday as U.S. equities slipped and political tensions intensified after the shooting down of a passenger plane in eastern Ukraine last week and incessant fighting in Gaza. Bullion rebounded after last week’s two-percent drop, as investors took profits after Thursday’s strong rally when a Malaysian airliner over Ukraine was shot down and Israel launched a massive ground offensive into Gaza against Hamas militants.
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Daily Outlook 28-07-2014

Postby CommexFX » Mon Jul 28, 2014 7:28 am

The Dollar quality is noticeable all around now however the likelihood a transient top this week may not be completely discounted. Delight in the Dollar rally yet with a bit of alert.

Euro (1.3430) is exchanging at a 8 month low and searches prepared for a voyage to 1.33 or 1.31 in the following few days. Any endeavor to skip will face supply from 1.3475-1.3500.

Dollar-Yen (101.80) keeps exchanging sideways in the scope of 101-102, which still hints at no breaking. On a break over 102, some more skip to 102.25-50 may be seen. Euro-Yen (136.72) is exchanging sideways in 1.3630-1.3730 on the once more of similarly debilitating Euro and a frail Yen however it may even now drop further if neglects to beat 1.3770 levels in the advancing days.

Pound (1.6975) has made a Marubozu week after week candle with solid bearish ramifications in the short term. On the off chance that the former example is kept up, then this progressing amendment may end close to 1.6890 levels before turning around for an alternate new high.

Aussie (0.9395) has been rejected from the larger amounts almost as expected and the 5-week long band of 0.9320-0.9500 may proceed for a couple of more days.

Gold (1302.92) bobbed up forcefully on Friday from 1287 not surprisingly however while beneath 1325, bearish weight still exists. Tumbling to 1280-1260 appears a plausibility in the close term while the general pattern stays down.
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Forex Daily Analysis - 30 July 2014

Postby Froso@FXNET » Thu Jul 31, 2014 4:18 am

EUR/USD is flat moving between small gains and losses with a complete lack of momentum with low volumes. The euro is trading at 1.3440. The Federal Open Market Committee (FOMC) is also meeting in Washington today and tomorrow, with a further round of tapering expected. US jobs numbers, starting with the ADP non-farm employment change, will also start flowing out tomorrow.

GBP/USD is flat to a bit down in today’s session with no economic data although a speech by MPC member Broadhurst supported the BoE in holding off on interest rate increases for a while. The pound is trading at 1.6982. Data on Friday showed UK gross domestic product expanded by 0.8 per cent in the April-June period, the same strong pace as in the first three months of the year

AUD/USD eased by 3 points against a stronger US dollar to trade at 0.9381. The Aussie is trading in a tight range as the market waits for a clearer picture on the state of the US economic recovery. US gross domestic product data for the June quarter will be released on Wednesday night, Australian time, and US Federal Reserve finishes its two-day policy meeting early on Thursday morning.

USD/JPY climbed above the 102 level and gained a bit more momentum today after a disappointing Japanese industrial production report. The pair is trading at 102.14. The June industrial output fell at the fastest rate since the tsunami in March 2011 as companies slowed production to offset a build-up in inventories, official data showed on Wednesday, clouding the outlook for the economy.

Gold gained $5.80 but with little real conviction or direction as traders begin to position themselves ahead of the FOMC meeting beginning soon. Gold is trading at 1311.60. Gold was little changed just above $1, supported by geopolitical tensions in the Middle East and Ukraine. Investors also focused on US jobs data and a Federal Reserve policy meeting this week.
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Re: Daily Market News By FXNET

Postby CommexFX » Thu Jul 31, 2014 8:53 am

Daily Outlook 30-07-2014

The advance estimate of US Q2 GDP may affect the Euro in a big way today as can the FOMC decision. With Dollar Index reaching close to the 8-10 months old supply zone in 81.40-50, anything is possible now including a short term top for the Dollar. Keep cautious tonight.

Euro (1.3411) is testing the 200 week MA and the FOMC decision today may decide if it will hold or not right now though Euro looks ready for a journey to 1.33 or 1.31 in the next few days. Any attempt to bounce will face supply from 1.3475-1.3500.

Dollar-Yen (102.12) is trading close to the resistance of 102.25-30 with no strong bias and the price action here may decide if it will rise towards 102.80 or return to 101.50-10 levels. Euro-Yen (136.97) is trading sideways in 1.3630-1.3730 on the back of equally weakening Euro and a weak Yen but it may still drop further if fails to overcome 1.3770 levels in the coming days.

Pound (1.6949) has created a Marubozu weekly candle with strong bearish implication in the short term. If the prior pattern is maintained, then this ongoing correction may end near 1.6890-75 levels before reversing for another new high.

Aussie (0.9381) has been rejected from the higher levels just as expected and the 5-week long band of 0.9320-0.9500 may continue for a few more days.

Gold (1299.63) is trading lower. The correction that started from 1345 is still not over and has some room on the downside towards 1280.5. Long term bearishness is still in force while below 1350-1400. Falling to1280-1260 seems a possibility in the longer run.
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