Fundamental Analysis

Can US GDP Help Greenback Extend Last Week's Rally?


Successful readings of Building Permits and Housing Starts, which rallied to more than seven year highs, triggered US Dollar up-move during the early days of last week. The greenback up-move stalled on Wednesday and Thursday when FOMC minutes cut down the chances of June hike while market players again favored...


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Important Releases To Keep Forex Market Busy



Last week, lukewarm US monthly retail sales data and falling consumer sentiment raised concerns over the pace of economic recovery in the world's largest economy and dispelled fears that the Federal Reserve would raise interest rates soon. Meanwhile, the Empire State Manufacturing Index showed improving manufacturing conditions but fell short...


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Global Economic Releases To Drive The Forex Market


Even if the US Dollar recovered during late Friday, mainly driven by the above 200K NFP and near seven year low of Unemployment Rate, the greenback remained subdued on a weekly basis as downward revision to March month NFP, coupled with softer than expected wage growth and larger Trade Deficit,...


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Labor Market Details To Play Crucial Role This Week


Last week, the US Dollar Index (I.USDX) registered its consecutive third weekly decline as disappointing US economics, coupled with not-so-hawkish FOMC, continued shadowing the expectations concerning near-term interest rate hike. The EURUSD secured highest gains in seven weeks as market players expect ECB's QE is paying out the troubled region...


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Central Bankers Fueled Forex Market Volatility


Major Central bankers, including Federal Reserve, Bank of Japan (BoJ) and the Reserve Bank of New Zealand (RBNZ), rattled the Forex market during late Wednesday and on Thursday as well. While all three central banks refrained from altering current monetary policies, the BoJ trimmed its inflation forecast, the RBNZ played...


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