Fundamental Analysis

FOMC and GDP Releases to Determine Near-Term Direction




Last week's lighter US economic calendar, featuring upbeat existing home sales data and a surprisingly multi-decade low jobless claims but disappointment from data pertaining to new home sales, restricted market participants from taking big bets in the Forex market. Various factors moved the greenback in opposite direction against other major...


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Fewer But Meaningful Releases To Fuel The Forex Market


With the German parliamentary approval to Greece bailout, receding tensions of Grexit helped shifting market attention from Euro-zone crisis to the divergent monetary policies of global leaders. Last week, during the semi-annual testimony on monetary policy, the Fed Chair cited strengthening of the US economic recovery momentum as a cause...


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Important Releases To Continue Fueling Volatility


Even after getting the "No" vote on the creditors' bailout plan, the Greece submitted updated proposal to its international creditors during last week and maintained its top place in the news. Eventually, the European leaders managed to strike a deal for Greek bailout on early Monday; though, agreed reforms seems...


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Brief Outlook Of This Week’s Major Economic Events


Even if Thursday's lesser than forecast NFP numbers disappointed USD traders, the US Dollar Index (I.USDX) completed last week with consecutive second winning streak as improvements in Consumer Confidence and ISM Manufacturing details, together with the pessimism surrounding Greece, supported the greenback demand. During the weekend, Greek referendum revealed 61%...


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A Week Full Of Top-Tier Economic Releases


Last week's optimistic US details, mainly in the form of Core Durable Goods Orders and housing market numbers, again fuelled speculations that the Fed's interest rate hike could be anytime near September, supporting the US Dollar Index to complete its first weekly gain in previous four. Moreover, the Final reading...


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