Category Archives: Forex Fundamental Analysis

Forex Analysis For December 14: EUR/USD, GBP/USD, AUD/USD

Forex Analysis EUR/USD; December 14, 2017 | sgtmarkets.com Eyes on today U.S. Core CPI data. Fed raised Interest Rates but expressed a dovish view about next moves for accompanying a not-so-convincing U.S. economic expansion. Eurozone CPI inflation data (Preliminary release) ticked down while U.S. GDP preliminary release ticked upper than expected. Last U.S. Nonfarm payrolls and ADP Nonfarm Employment data also surpassed consensus once again. German Ifo and Manufacturing PMI data came again higher than expected. President Draghi said the ECB was becoming increasingly confident that the […]

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NZD/USD Builds A Constructively Bullish Case

The bearish trend from the July high to the November low has had a reversal of fortunes. The was sent broadly lower after the , not only due to it being fully expected (therefore priced in) but because traders had hoped for a more hawkish event. That, combined with the news of a ‘market approved’ governor to take the helm at RBNZ has helped catapult to 8-week highs. The move higher was not without warning though. After failing to hold beneath 0.6818 support and instead providing a […]

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Australian Dollar Flips The Script After Strong Jobs Report

, a disappointing GDP report helped to dampen enthusiasm for the Australian dollar (FXA) following a policy statement from the Reserve Bank of Australia (RBA). Now, the script has flipped after the Australian Bureau of Statistics reported a strong employment report for November, 2017. While the stayed at 5.4%, the number of employed Australians soared by 61,600 (seasonally adjusted) from October. The number of employed also increased 3.2% year-over-year. Sixty-eight percent of the newly employed received . These numbers were enough to send the Australian dollar (NYSE:) […]

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Votes For Hikes, Votes For Amendments

US: Rates higher but we doubt we’ll see three hikes in 2018 As expected, the Federal Reserve Bank raised interest by another 25 basis points yesterday, the 3rd rate rise of the year. The minutes and the from outgoing Fed Chair Yellen were notable for the building incorporation of stimulus into the inflation numbers although there is little within the US data at the moment that suggests inflation is going to run hot in the states. US yesterday missed estimations with core prices – not including the […]

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Jobs Report Lifts Aussie; ECB And BoE Eyed

Here are the latest developments in global markets: FOREX: The was little changed after recording sharp losses the previous day as investors expected a more hawkish rate outlook by the Federal Reserve. The was on a positive footing versus the greenback after better-than-anticipated employment figures. STOCKS: The finished lower by 0.3% and the was last down by 0.3%; most major Asian benchmarks headed lower though losses were limited. traded lower by 0.3% at 0713 GMT, with contracts on the , and all being up 0.1%. COMMODITIES: and […]

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Aussie Job Gains Stun; Market Waits For BOE And ECB

Market Drivers December 14, 2017 AU employment 61K vs. 19K Majors steady ahead of CB meetings -0.28% -0.14% $56/bbl $1284/oz. $16500 Europe and AsiaAUD: AU Employment 61.6K vs. 19.2KEUR: EZ Flash PMI 58 vs. 57.2GBP: UK Retail Sales 1.1% vs. 0.4% North AmericaGBP: BoE 07:00EUR: ECB 08:30USD: Retail Sales 8:30 Australian shocked the market with yet another stunning gain sending above the .7650 in early Asian trade. Australia generated 61K new jobs versus 19K eyed as the remained steady at 5.4% while climbed to 65.5% from 65.1% […]

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GBP/USD: Pound Gains Ground On Stronger Wage Growth

The British pound has posted gains in the Wednesday session. In North American trade, is trading at 1.3359, up 0.30% on the day. On the release front, British Average Earnings Index improved to 2.5%, matching the forecast. However, Claimant Count Change increased by 5.9 thousand, compared to a forecast of 0.4 thousand. In the US, inflation numbers were a mix. CPI improved to 0.4%, matching the forecast. However, Core CPI, which excludes volatile items such as food and energy prices, edged lower to 0.1%, missing the estimate […]

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Less Hawkish Fed Drags The Dollar; ECB And BoE Next

Fed’s decision key takeaways The raised its benchmark interest rate by 25 basis points on Wednesday to a target range of 1.25%-1.5%. The central bank also expects higher economic growth from 2018 to 2020 compared to September’s projections. They now expect to grow 2.5% in 2018 from 2.1% forecast in September, and 2.1% in 2019 from 2.0%. However, longer term growth expectations were left unchanged at 1.8%, suggesting that tax reforms will only have limited impact on the economy. On another positive note, the Fed expects the […]

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No Surprises As Fed Raises Rates

The Federal Reserve, as expected, raised its benchmark by a quarter of a percentage point, to a range of 1.25% to 1.5%. The latest hike continues the Fed’s gradual move toward higher rates, which were cut to virtually zero during the financial crisis. The latest hike is the 3rd time this year that the Fed has raised rates, reflecting its confidence that the economy is robust and growing. In the statement that followed the decision, the Fed suggested that the upcoming tax cuts would only modestly increase […]

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