Category Archives: Forex Fundamental Analysis

Euro Dips Into Losses After Violent Catalan Independence Vote

With markets in China, South Korea, Hong Kong and India being closed for public holidays, the dollar managed to recover from earlier losses against its peers in Asia – helped by higher US Treasury yields – while the euro recorded a downtrend in the wake of a political crisis in Spain. The dollar posted gains versus a basket of major currencies during the Asian session on the back of higher US Treasury yields, with the rising by 0.40% on the day to 93.26. The Treasury yields rose […]

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Catalonia’s Independence Vote Drags Down The Euro

The Euro came under pressure early Monday, falling more than 0.4% against the , after preliminary results from the weekend’s Catalonia referendum showed that 90% of Catalans are in favor of independence. There’s a high chance that Spain may be headed towards a new crisis, especially if Catalonia’s President, Carles Puigdemont, declares independence as he has promised to do in the next 48 hours. This will lead to more violence and probably an intervention from EU leaders, who will come under pressure to take action. Traders should […]

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3 Reasons Why Cryptocurrencies Are Here To Stay

took a hit a couple of weeks ago after news Broke that China has started the process of clamping down on cryptocurrencies with a ban on ICOs. I consider the crackdown on initial coin offerings a precursor to China’s attempt to reduce the volume of speculation in the cryptocurrency market. Unfortunately, the ban on ICOs didn’t augur well for Bitcoin and other cryptocurrencies because the news triggered a selloff from uncommitted investors. The news of China’s ban on ICOs sent Bitcoin spiraling 41% from a record high […]

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FX Week Ahead: U.S. Jobs Report Eyed As USD Rallies Again

The just had its most positive week of 2017, driven by firming expectations of a . Data out of the US next week will therefore be watched very carefully for further evidence supporting this view. Also coming under the limelight next week is the Reserve Bank of Australia, which meets for a scheduled monetary policy , while Canadian employment figures, , UK PMIs and the Bank of Japan’s will too be watched by traders. RBA expected to hold unchanged The RBA last cut rates back in August […]

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GBP/USD Heading South | Investing.com

Who is under bad luck these days? Who showed wild dances today in the morning? Right, it is the Sterling. One may think what could be the problem since Carney’s commentaries should have benefitted the GBP growth. The Bank of England governor told raising might be appropriate if the economy stayed on track. Even though he added that tightening would be limited and gradual that was enough to start opening longs. posted highs at 1.3442 but the happiness resulted to be short-lived. A little after the UK […]

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Dollar Steady Focus On Inflation

On Friday, currencies in Asia were in a quiet trade, with the dollar moving sideways near yesterday’s lows as positive sentiment on Trump’s tax proposals was fading and investors were less certain on whether those would pass in Congress. However, the focus during the day will be on the US inflation readings which might affect the Fed’s views on future monetary policy if they come in as a surprise. Although the US tax cuts proposed by the Trump administration raised confidence initially on the country’s fiscal policy, […]

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Eurozone Inflation Prints In Spotlight

Eurozone’s inflation prints in the spotlight Today, the key data release will likely be Eurozone’s preliminary CPIs for September. The forecast is for the headline rate to tick up, but for the core rate to decline slightly. We share the view for an uptick in the headline rate, given a similar move in Germany’s rate for the month, while we see the risks surrounding the core forecast as being tilted to the upside, perhaps for an unchanged rate. We base our view on the bloc’s preliminary composite […]

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Dollar Smiles, Sterling Scowls | Investing.com

‘s price action this week can be described as messy, as rocky Brexit negotiations between the United Kingdom and Brussels, left investors on edge. Sentiment toward the pound was already fragile amid the uncertainty, and reports released on Friday, showing a downward revision of Britain’s , put more pressure on the currency. Economic growth in the United Kingdom rose by just 1.5% annually in the second quarter of 2017, which was down from an earlier estimate of 1.7%. This was the slowest annual growth since 2013 and […]

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USD To Finish Best Week Of The Year

: Long roads but conciliatory language The 4th round of EU negotiations ended yesterday and whilst there has not been movement to warrant Michel Barnier’s interpretation of “sufficient progress”, the tone of the joint press conference between Barnier and Davis was the most conciliatory of the 5 or so joint appearances the two have made. Barnier told reporters that Theresa ’s speech in Florence “has created a new dynamic in negotiations but that it may take “weeks or months to make sufficient progress” and open to door […]

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