Fundamental Analysis

Market Turns Cautious On USD


Last week's US economic data managed to move back to reflect positive growth but fell short of consensus estimates. Apart from Friday's headline inflation data for March that rose in-line with market expectations, most of the economic data points that included monthly retail sales data, regional manufacturing indices and housing...


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Can Gold Prices Extend Declines On Strong US Dollar?


Ever since the monetary policy meeting of the US Federal Reserve revealed that the US labor market still has a room for improvement, and pushed back the rate hike expectation, which was later confirmed by the weaker NFP reading, the Gold prices rallied nearly 7% from its 2015 lows. However,...


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Can US Dollar Extend Last Week's Bullish-Move?


Following a substantial decline in the previous three weeks, the US Dollar, last week, snapped its losing streak and managed to recover against most major currencies. The US Dollar recovery that started with the release of ISM non-manufacturing index, that remains firmly in expansion territory, was reinforced by the minutes...


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RBA Maintains Status-Quo; BoJ and BoE to Follow Suit


Slew of central bank announcements started on Tuesday with the Reserve Bank of Australia (RBA) refrained from cutting down their benchmark interest rate and providing a minor recovery into the (AUD). Market players are now looking for monetary policy meetings by the Bank of Japan (BoJ) and the Bank of...


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Tepid Economic Calendar Could Magnify USD Losses


Adding to a recent string of weak US economic data, employment report release on Friday showed US economy adding only 126,000 new jobs in March, sharply below consensus estimate of 251,000 increase. Adding to the weak jobs report was downward revision of employment gains for January and February by a...


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