Category Archives: Forex Fundamental Analysis

Can USD/CHF Produce A Breakout?

Following a weak summer for the , momentum has begun to pick up again over the last month as the chances of a December rate hike have increased and traders are starting to price this into the markets once again. In Switzerland, rates remain in negative territory and the Swiss National Bank seem committed to an expansive monetary policy. This policy divergence gives us a good reason to look for medium term buying opportunities on the currency pair. Recent bullish momentum on the dollar has been provided […]

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Dollar Up On 2018 Fiscal Budget Approval

The approval of a budget blueprint for the 2018 fiscal year, drove the higher against its major counterparts on Friday in Asia, while the extended its losses in the face of economic uncertainties which might emerge under the new coalition government. Trump’s tax plan, which promises substantial tax cuts to businesses and individuals, is ready to move to the House of Representatives after the Republican-controlled Senate voted in favor of the 2018 fiscal budget yesterday which would add $1.5 trillion to the federal deficit over the next […]

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Dollar Up On Trump Tax Hopes, Gold Dips

Global equity bulls were missing in action on Thursday, after weaker corporate earnings, soft economic data from China and heightened political drama in Spain encouraged investors to head to the sidelines. Interestingly, Asian shares concluded higher on Friday amid confidence over the global economy, while European stocks found support in the form of the US Senate passing a budget proposal – a big step for tax reforms. With the renewed sense of optimism over Donald Trump’s tax reforms stimulating investor appetite for riskier assets, Wall Street could […]

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Dollar Punches Past 113 Yen As US Senate Passes Budget

The Japanese yen has gained ground on Thursday, erasing most of the losses which marked the Wednesday session. In the North American session, is trading at 113.13, up 0.60% on the day. In the US, is expected to slow to 5.30 million, and Federal Reserve Chair Janet will deliver remarks at an event in Washington. There are no Japanese indicators on Friday. On Sunday, Japan will hold an election for the upper house of parliament. The posted gains in the Asian session, after the US Senate passed […]

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OECD Brexit Report: Telling It Like It Is

During the 2016 referendum campaign, Michael Gove, the then Justice Secretary and a prominent Leave campaigner, famously stated: “… people in this country have had enough of experts”. He went on to suggest that Brexit could deliver additional millions to the NHS and allow a cut in VAT on fuel and when asked about a potential bid for the Tory leadership replied, “Count me out” only to run for it less than a month later. It is tempting to say that people have had enough of Mr […]

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5 Reasons Behind Thursday’s Big Forex Moves

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Thursday was an exceptionally active day in the foreign-exchange market with many major currency pairs unwinding Wednesday’s moves. A confluence of factors turned risk-on to risk-off and breakouts into fake-outs. The sell-off began in Asia after the People’s Bank of China Governor Zhou warned about excessive optimism. It exacerbated after the unexpected election decision in New Zealand and then carried over into Europe and North America when Spain took steps to suspend Catalonia’s autonomy. Reports […]

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GBP Continues Sluggish Decline Against Other Currencies

Today, early in the morning, statistics are released on the change in China’s real GDP. Market participants will receive an increase in GDP by a quarter a year earlier. In addition to the figures for GDP, statistics on the volume of industrial production will be published. Statistics are expected to be good, and if confirmed, the stock markets will receive some support, as China is the largest consumer of industrial metals and . Of course, oil prices will also receive some support from the positive data on […]

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The Kiwi Is In Trouble

New Zealand finally made it. After more than three weeks of blandishments, NZ First leader, Winston Peters, made his choice and announced a coalition government with the NZ Labor Party. has already been under some pressure since the 25th of September when the markets opened with a gap lower on the day after elections. During the European morning today, touched 5-day lows around 0.7801. News about the new government triggered NZD selloff driving the currency to May, 26 lows near 0.7014, and the pair lost almost a […]

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EUR/USD: Euro Quiet, Catalonia Crisis Deepens

The euro has edged higher in the Thursday session, as stays close to the 1.18 line. Currently, EUR/USD is trading at 1.1812, up 0.22% on the day. On the release front, there are no major indicators out of the eurozone. In the US, are expected to dip to 240 thousand, while the is forecast to slow to 21.9 points. On Friday, Germany releases and the eurozone will publish its surplus. The US will release and Fed Chair Janet speaks at an event in Washington. The crisis in […]

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Forex Overview: EUR/USD, GBP/USD, USD/JPY For October 19

Forex Analysis EUR/USD; October 19, 2017 | sgtmarkets.com During the night, Euro has recovered part of the losses since last night. Today (the second) ultimatum left by the central government in Madrid to the leaders of the Catalan Independent – to determine if they go in the direction of independence or not. This morning, the euro is exchanged for $ 1,1799, which at the beginning of the European session shows a strengthening of the euro by 0.12%. Today there are no economic news and announcements from the […]

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