Category Archives: Forex Fundamental Analysis

UK Household Savings At All Time Low

By: DailyForex.com Traditionally, people have always been encouraged to “save for a rainy day”, building up a financial reserve which can be used for a wide variety of reasons from covering emergency household goods replacement to paying for a daughter’s marriage. Of course, one can only save money if you have more income than expenditure. This statistic is captured as the savings ratio and is both a barometer of return on savings investment (currently at historically poor levels in most cases) and any shortfalls in household funding […]

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Brexit Means Brexit | DailyForex

By: DailyForex.com In a week when it emerged that some foreign diplomats had been asked to determine just how likely they think it is that the UK will actually leave the EU, two British ministers are now urging the government to ensure that the UK remains a part of the EU drugs regulation apparatus. Like all things EU, in the event that a dispute should arise related to medicines licenced in the EU between the UK and an EU member state, the ultimate court of arbitration will […]

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Dollar Snaps Back But Watch These Pressure Points

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. With the violence in Charlottesville redirecting the Trump Administration’s attention on Monday, the lack of fresh antagonism toward North Korea encouraged short covering in the . The greenback rebounded Monday as the silence gave investors the perfect excuse to take profits ahead of Tuesday’s report. Unfortunately the silence does not mean that conditions have improved. Over the next 2 weeks, there are some crucial days when the tensions between the U.S. and North Korea could […]

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GBP/USD: Pound Trading A Tad Higher In The Asian Session

Movement For the 24 hours to 23:00 GMT, the GBP rose 0.29% against the USD and closed at 1.3014 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.3016, with the GBP trading marginally higher against the USD from Friday’s close. The pair is expected to find support at 1.2960, and a fall through could take it to the next support level of 1.2905. The pair is expected to find its first resistance at 1.3051, and a rise through could take it to […]

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USD/JPY Japanese Economic Growth Accelerated In The Second Quarter

Movement For the 24 hours to 23:00 GMT, the USD declined 0.06% against the JPY and closed at 109.09 on Friday. In the Asian session, at GMT0300, the pair is trading at 109.37, with the USD trading 0.26% higher against the JPY from Friday’s close. Overnight data indicated that Japan’s preliminary gross domestic product (GDP) advanced 1.0% on a quarterly basis in second quarter of 2017, beating market expectations for a rise of 0.6%, amid robust consumer spending and capital expenditure. In the prior quarter, GDP had […]

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Pound Edges Lower, Markets Eye British CPI

The has started the week quietly. In the North American session, the pair is trading at 1.2984, down 0.20% on the day. On the release front, there are no British or US events on the calendar. On Tuesday, the UK releases a host of inflation data, led by . The US will publish and reports. The British manufacturing sector is showing signs of fatigue, based on a key indicator, . The indicator has managed just one gain in 2017, and the June reading of 0.0% is hardly […]

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USD/CHF: Swiss Franc Trading Lower In The Morning Session

Movement For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CHF and closed at 0.9614 on Friday. In the Asian session, at GMT0300, the pair is trading at 0.9636, with the USD trading 0.23% higher against the CHF from Friday’s close. The pair is expected to find support at 0.96, and a fall through could take it to the next support level of 0.9565. The pair is expected to find its first resistance at 0.9655, and a rise through could take it to […]

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USD/CAD – Canadian Dollar Quiet As Investors Look For Cues

The Canadian dollar has ticked higher in the Monday session. Early in North American trade, is trading at 1.2695, up 0.12% on the day. On the release front, there are no Canadian or US events on the schedule. On Tuesday, the US releases reports. Tensions between North Korea and the US remain high, but the prevalent sentiment in the markets is that a diplomatic solution will be found to end the crisis. Still, Donald Trump and Kim Jon-un are unpredictable leaders, and any move by either side […]

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Is Bitcoin A Safe-Haven Asset?

As the price hits $4,100USD per , can we conclude that there is an underlying driver behind cryptocurrencies’ meteoric rise that is related to the global hunt for safe-haven assets in a world of very low investor returns and extraordinary economic and geopolitical uncertainty? Reviewing the literature online we find conflicting information. An article on Steemit finds that bitcoin and are inversely correlated. The Chinese have embraced bitcoin as a way to hedge economic growth and circumvent government controls, flocking to it as the yuan depreciates. An […]

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USD/CAD: Loonie Extends Its Gains In The Morning Session

Movement For the 24 hours to 23:00 GMT, the USD declined 0.46% against the CAD and closed at 1.2684 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.2677, with the USD trading 0.06% lower against the CAD from Friday’s close. The pair is expected to find support at 1.2636, and a fall through could take it to the next support level of 1.2594. The pair is expected to find its first resistance at 1.2736, and a rise through could take it to […]

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