Category Archives: Forex Fundamental Analysis

EUR Watches Draghi | Investing.com

On Monday, managed to close above 1.18, but it is sliding down Tuesday morning. The pair feels unstable, as the ECB hinted last week that President Draghi will not reveal any new policy paths during the . It means QE tapering may come not earlier than October, although before the market priced in September as the start of tapering process. And this will be the main factor for EUR/USD to be capped by 1.1800 for now. Although strong euro is damaging for export oriented German economy, there […]

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4 Reasons Why Euro Took A Hit

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. After hitting a high of 1.1825, the sapped a two-day rally to end the day lower against the U.S. dollar. Unlike other major currencies, there were no less than 3 reasons why euro came under selling pressure on Tuesday. First and foremost, were it not for the trading higher against all of the major currencies, we probably would not have seen EUR/USD turn lower. Eurozone data also missed expectations with the falling to 10 from […]

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Canadian Dollar Rallies On Retail Sales

Canada Retail Sales Strong Data this morning showed that Canadian rose for the fourth consecutive month in June, edging up +0.1% to +CA$49.0B. Sales were up in 6 of 11 subsectors, representing +38% of total retail trade. Higher sales at general merchandise stores, clothing and clothing accessories stores, and building material and garden equipment and supplies dealers offset lower sales at motor vehicle and parts dealers and gasoline stations. Ex- the latter two subsectors, retail sales were up +1.1%. After removing the effects of price changes, retail […]

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Risk Appetite Flickers Ahead Of Jackson Hole

Investors in Asia and Europe swiftly discarded safe-haven assets on Tuesday, as risk appetite staged a modest recovery ahead of the upcoming Jackson Hole Economic Policy Symposium this week. Most Asian shares were boosted by the mild improvement in risk sentiment during early trading, with European stocks venturing higher and subsequently breaking a three-day losing streak. The domino effect from Asian and European markets, coupled with rising commodity prices, is likely to support Wall Street this afternoon. Although world stocks may continue to trade cautiously higher this […]

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EUR/USD- Time To Short For 1.1575

EUR/USD: German ZEW weaker than expected, focus on Jackson Hole Macroeconomic overview: The mood among German investors worsened for the third consecutive month in August, a survey showed on Tuesday, suggesting that markets expect Europe’s biggest economy to lose some momentum in the coming months. The Mannheim-based ZEW research institute said its monthly survey showed its fell to 10.0 from 17.5 in July. This undershot a consensus forecast for a fall to 15.0. A separate gauge measuring investors’ assessment of the economy’s current conditions edged up to […]

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Australian Dollar To Remain Strong

The remains well supported today on the back of rising commodity prices which many attribute to the booming construction industry in China Iron ore, Australia’s biggest export has now risen 47 percent in just 2 months as Chinese demand outstrips supply and according to many analysts, the trend is set to continue for the foreseeable future, “Iron ore prices are rising on demand hopes as higher steel prices encourage Chinese steel mills to boost production,” said Vivek Dhar, mining and energy commodities analyst at the Commonwealth Bank. […]

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Everything You Need To Know About Bitcoin Cash

by Jesse Cohen , arguably the most popular cryptocurrency in the world, split into two directions as of August 1, 2017, in an event know as a ‘hard fork,’ creating a new digital currency called . The development triggered a process that some fear could divide and undermine the cryptocurrency community. Here’s what you need to know about it: Why did the split occur? The initiative was headed by a small group of mostly China-based Bitcoin miners who refused to support a major software upgrade aimed at […]

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A Total Eclipse…Of The Dollar

Moon Blots out the dollar Another squally trading session overnight to celebrate the first total solar eclipse to hit the continental US in 99 years. A definite downside bias emerged overnight, although recent ranges were respected. But with few particular dollar triggers amid a sparsely populated economic calendar, the market could be doing little more than getting its last licks in before a more active global calendar later in the week. There were few attention grabbers on a very sombre Monday trading session as the market was […]

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