Category Archives: Forex Fundamental Analysis

EUR/USD: Fed To Hike Rates Today, Market Will Focus On CPI Data

: Fed to hike rates today, market will focus on CPI data Macroeconomic overview: Today the Fed is expected to announce another 25bp , which lifts the target range for the federal funds rate from 1.25% to 1.50%. With this third rate hike of the calendar year, the bank would have met its own forecast for the first time. The post-meeting statement and the updated Summary of Economic Projections will most likely contain only limited changes. Most importantly, we do not see any adjustments to the committee’s […]

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US Job Creation Above Expectations

One argument used against the Federal Reserve’s policy of gradually tightening monetary policy by increasing interest rates was that higher borrowing costs could dissuade US employers from taking on new staff. In normal terms, this argument has some legs, but in the wake of the Global Financial Crisis, interest rates had hit an historic low of 0.25% and are even now at only at 1.25% (band 1 – 1.25%), so it can be argued that the cost of borrowing is far from excessive. The long-term average figure […]

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UK Jobs Report In Focus, Gold Slips

The appreciation against the was short lived during Tuesday’s trading session as investors evaluated the likely impact of UK inflation climbing to its highest level in almost six years. rose 3.1% in November, up from 3.0% in October, on the back of rising costs of food, transportation, and clothing. With inflation checking in at more than 1% above the Bank of England’s 2% target, Mark Carney will have to pen out an explanatory letter to Chancellor Philip Hammond. Taking a closer look at Sterling’s price action following […]

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Trump Suffers Setback, Oil Gains And GBP Stumbles

President Trump suffered a major setback as the once strictly Republican state of Alabama has, for the first time in 25 years, elected a Democrat to the US Senate. Democrat Doug Jones staged a stunning come-from-behind win against GOP Roy Moore in, what many believe, will trigger a political earthquake that will be felt nationally and internationally. The vote had been nip-and-tuck and, with 99% of the vote in, Jones was holding a 50% to 49% lead. The win puts the Democrats just two seats away from […]

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Dollar Should Be Moving Higher

I would have liked a more direct rally in the but I guess in the relatively few days towards the market lull between over the next 7-10 days the liquidity will drain even further and the risk could be for niggling corrections, consolidations and expanded flats. However, the overall outlook remains the same. The dollar should be moving higher. Perhaps there could be one possible expanded flat in . It’s hanging in the air but if it begins to make further downside there is that risk… I […]

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Yen Remains Unchanged, Japanese Data Beats Estimates

The Japanese yen is unchanged in the Tuesday session. In North American trade, is trading at 113.65, up 0.17% on the day. On the release front, Japanese indicators pointed upwards and beat their estimates. rebounded with a gain of 3.5%, above the estimate of 3.3%. gained 0.3%, edging above the estimate of 0.2%. In the US, PPI posted a gain of 0.4%, matching the estimate. came in at 0.3%, above the estimate of 0.2%. Later in the day, Japan releases , which is expected to gain 2.8%. […]

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Currency Market In Suspended Animation Ahead Of FOMC

Currency traders have remained in a state of virtual suspended animation the past 48 hours. But with all the hoopla surrounding and frothy equity markets, currency speculation has been dead money so far this week. Perhaps things are about to change later today…or maybe not. To that point, Central Bank meetings have become all too predictable and boring. In fact, the market fully priced in this Fed December 4-6 weeks ago leaving traders with little more than CB verbal gymnastics to digest later tonight. And to that […]

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Forex Fundamental Analysis for 2018

Using fundamental analysis to trade Forex can be very dangerous when it is not done right. Ironically, traders relying upon fundamental analysis rather than some form of technical analysis tend to lose money more quickly than if they just stuck with technical analysis. This seems strange and counter-intuitive, but it is true. In this article, I will explain why using fundamental analysis exclusively can be dangerous, then I will show how the right type of fundamental analysis can be used to make your trading better, if it […]

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Brexit Border | DailyForex

Arguably, the hardest of the three Brexit roadblocks to resolve is the question of Britain’s border with the EU in Ireland. After Brexit, the border will cease to be an internal EU frontier, but become one of the places where the EU shares a border with a non-EU nation; an external border. Currently, both the UK and the Republic of Ireland are both EU states and members of the single market and customs union. There are no tariffs on (EU made) goods crossing the border in either […]

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