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1 Daily Market News By FXNET on Tue Jan 14, 2014 2:48 am

Asian Session - Dollar regains some losses against yen

The US dollar rebounded against the yen to recover some losses made after a huge tumble following disappointing US nonfarm payrolls data on Friday.

The data raised concern about the health of the US economy and led to speculation that a Fed rate hike may be further delayed.

The weaker jobs number caused a sell-off in the dollar and investors were forced to unwind stretched short positions on the yen. This gave the Japanese currency a bit of a breather from recent weakening.

UDJPY climbed up to 103.48 yen in the Asian session, up 0.5 percent to recover some losses after its big drop on Monday, when the pair fell over 1 percent to a one-month low.

A trade report from Japan today showed that country’s current account recorded a larger deficit in November, weighing further on Japan’s balance of payments. This will dent sentiment on the yen.
In other currencies, the euro remained steady against the dollar, close to Friday’s highs when it rallied on the back of the US jobs report. EURUSD traded at $1.3666, off a one-month low of $1.3548 hit on Thursday.

The pound remains weak after falling on Monday against the dollar. Key risk for the sterling will be UK inflation data due later today. GBPUSD ended in Asia at $1.6387, rebounding slightly from yesterday’s low of $1.6346.

The Australian dollar, which has benefited from weakness in its US counterpart and hit a one-month high on Monday, has since retreated, down to $0.9034. AUDUSD is down 0.2percent from Monday’s high of $0.9087.

Key data to watch for in the European session will be UK CPI and Euro zone industrial production data. During the US session, US retail sales data are scheduled for release.

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2 Market report By Fxnet 15 Jan on Wed Jan 15, 2014 2:00 am

Asian Session – Dollar broadly stronger after US retail sales

The dollar resumed strength after solid US retail sales data from Tuesday and managed to regain ground against the majors. Also buoying the greenback were hawkish comments from two Federal Reserve policymakers (Richard Fisher and Charles Plosser ) who signaled they are in favour of tapering and ending the Fed’s current bond buying program.

Plosser even downplayed the weak December US jobs report released on Friday.
As a result of investors’ expectations of a rate hike now being brought forward, this helped lift the dollar higher against most of its major counterparts.

December US retail sales edged up in December with a core spending index posting a big increase, a sign the US economy gathered steam at the end of last year and was poised for stronger growth in 2014.

The dollar built on Tuesday’s recovery against the yen, with USDJPY rising to highs of 104.46 in the Asian session. Yesterday the dollar rallied more than 1% against the yen to pull away from a near one-month low of 102.85 yen.

The Australian dollar was a currency that stood out as it slid nearly 1% to $0.8910, reversing a move towards $0.9100 cents early in the week.

The euro lost gains made from a rally yesterday against the dollar that was inspired by ECB Nowotny’s upbeat comments about the Eurozone growth outlook.

The EURUSD retreated from a two-week high just shy of $1.3700 hit on Tuesday to trade at $1.3626, down 0.3% from late US session levels.
The euro stayed close to yesterday’s high when EURJPY rose to 142.61 yen, slipping slightly to 142.37.

Sterling fell back moderately in line with broad dollar strength, with GBPUSD slipping from $1.6443 to $1.6412.

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3 Market Report 16 Jan on Thu Jan 16, 2014 1:29 am


Asian Session - Aussie suffers big losses jobs data

The Australian dollar suffered heavy losses in the wake of the release of the December employment report. Jobs in Australia decreased by 22,600 last month, following November’s revised 15,400 gain, according to the country’s statistics bureau. This was a huge miss compared with a 10,000 increase predicted by economists. The unemployment rate remained at 5.8 percent.

AUDUSD tumbled over 100 pips after the data, falling to a low of $0.8794 from a pre-data level of $0.8903. On Monday the aussie hit a one-month high of $0.9085.

The US dollar continued to be the best performer as growing consensus in markets is that the Federal Reserve will continue with tapering on speculation the US economic recovery is strong enough.

Lending support to the dollar is stronger than expected manufacturing and PPI data and an upbeat Empire State manufacturing index from Tuesday.

The dollar rose for a third day against the yen, its longest advance this month, reaching a high of 104.91.

Initial jobless claims data in the US will be released today and will be the next risk event for the dollar. The figure for claims the previous week (period ending January 11) is forecast to fall by 328,000, which would be the fewest since November. The prior number was 330,000.

EURUSD opened in Asia at $1.3602 after trading as low as $1.3581 yesterday. The pair rose to $1.3627.

EURJPY rose in tandem with USDJPY, up from 142.23 early to highs of 142.90 yen.

GBPUSD trading was more muted however, as the pair traded a range between $1.6345 and $1.6373.

In the upcoming European session, a key risk event for the euro will be Eurozone inflation data (CPI).

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4 Market Report 17-01-2014 on Fri Jan 17, 2014 2:10 am


Asian Session - Tight ranges as mixed data keep markets subdued

There was limited movement during the Asian session as markets took on a risk-off tone, and major currency pairs merely consolidated prior moves. Mixed US data has resulted in a mixed dollar.
Soft US inflation data and disappointing US corporate results dampened investor sentiment, although an upbeat Philly Fed Manufacturing Index released on Thursday helped keep the US dollar steady. Also initial jobless claims beat economists’ forecasts, and this kept the Fed taper expectations alive.
USDJPY saw consolidation in Asia after a big reversal yesterday to lows of 104.15 yen. The pair was capped below 104.40 in Asia, trading a tight 20-pip range.
Other yen crosses were mostly range-bound too as risk aversion led to some yen strength due to safe haven flows into the Japanese currency.
EURJPY traded a tight 141.85-142.15 range around 142.00. AUDJPY consolidated losses following the plunge to 91.62 yesterday and traded between 91.75-92.10. GBPJPY traded between 170.11-69.
The euro is under pressure on deflation fears after not so spectacular Euro Zone inflation data yesterday. CPI came in at 0.8% m/m as expected while the core figure actually came in lower than expected at 0.7% versus 0.9% forecast.
EURUSD opened in Asia at $1.3618 and could only manage a $1.3610-20 range.
Sterling remains weak, with GBPUSD trading within a range all week, with support at $1.6313 and resistance at $1.6382. Key risk for the pound will be UK retail sales data due later today.
AUDUSD opened in Asia at $0.8820 and consolidated losses after a huge plunge to a 3-1/2 year low yesterday on the back of dismal Australian jobs data. Speculation is now growing that the Reserve Bank of Australia could cut interest rates.

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5 Market Report 21-01-2014 on Tue Jan 21, 2014 2:15 am

Asian Session – USDJPY bounces on broad yen weakness

The US holiday on Monday and limited data releases kept volumes thin even in the Asian session. Most major currency pairs lacked clear direction although the yen pairs made some recovery in Asia this morning.
USDJPY rebounded to 104.68 in Asia from the US session low of 103.90. The US dollar is expected to improve as expectations grow for more Fed tapering and a more solid US economic recovery. Meanwhile a rising Tokyo Nikkei led to less flows into the yen.
Other yen crosses were bid, with EURJPY up from 141.07 to 141.823 and GBPJPY from 170.97 to 171.95.
EURUSD opened in Asia at 1.3550 after a very quiet North American session due to the US public holiday. The pair moved further off 2-month lows to a session high of 1.3560. This level proved to be strong resistance and due to the broadly stronger dollar, the euro was pressured down to the lower 1.3540s.
GBPUSD did not take any clear direction in Asia, continuing to trade sideways since it surged on strong UK retail sales data on Friday. Cable traded a range of 1.6410 and 1.6434.
AUDUSD edged slightly higher 0.8836, making a recovery from Monday’s more than 3-year low of 0.8755.
Looking ahead to the European session, German data will be in focus and could impact the euro. January’s ZEW economic sentiment index will be released, with a forecast of 64.0, compared to a previous 62.0.

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6 Market Report 22-01-2014 on Wed Jan 22, 2014 1:17 am

Asian Session - Yen weakens after Bank of Japan keeps monetary policy on hold

The main focus in the Asian session today was the Bank of Japan policy meeting. The yen briefly jumps higher after the BoJ kept policy unchanged, which was expected.

Disappointment arose as some investors had hoped for additional easing measures sooner rather than later ahead of a scheduled sales tax hike in April. As a result, the yen fell back down.

USDJPY had a choppy session. The pair traded above 104.15 before the BoJ announcement, then dipped to 103.95 before climbing back up to 104.56. EURJPY also see-sawed, and swung from lows of 141.04 to highs of 141.75.

The Australian dollar mostly stole the spotlight today, after a surprise surge on the back of domestic inflation data. Australian CPI rose 0.9% in the fourth quarter, the biggest pace of increase in over two years. Annual inflation rose 2.6%, the highest since 2011. The data now lessens the chance of a rate cut by the Reserve bank of Australia.

AUDUSD gained about 0.7% to $0.8863 after rising as high as $0.8873 from a session low of $0.8784. The pair has moved further away from a 3-1/2-year low of $0.8756 reached on Monday.

In other currencies, the euro was relatively steady against the dollar, as is typical in the Asian time zone. EURUSD briefly broke above $1.3600 before edging down to $1.3555.

Sterling will be in focus later today as key risk events could impact the currency. The UK will be releasing data on employment. GBPUSD opened in Asia at $1.6475 and traded a 20-pip range.

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7 Market Report 23-01-2014 on Thu Jan 23, 2014 1:30 am

Asian Session – Aussie back down after China PMI

Chinese PMI numbers were the main focus of the Asian session, which missed forecasts and dampened sentiment. The HSBC flash manufacturing PMI came in a 49.6 versus 50.3 that was expected and fell into contraction territory for the first time in 6 months.
China is the second largest economy in the world so any data released from there are closely watched by investors. Meanwhile, the Australian dollar typically tends to be impacted by Chinese data since China is a major export destination for Australia.
AUDUSD fell at a fast pace after the China PMI data, dipping to $0.8786, down from the session open of $0.8848. The pair erased all gains made yesterday when the aussie was boosted after data showed Australian inflation rose more-than-expected and lessened the likelihood of a rate cut by the RBA.
The yen strengthened on safe haven flows after the disappointing data from China today. Despite a broadly stronger US dollar, the USDJPY fell to 104.26 from an earlier session high of 104.82.
The dollar is expected to remain in demand as long as there are expectations that the Federal Reserve will continue with tapering.
Meanwhile, all eyes will be on upcoming US jobless claims data later in the US session. Expectations are for a decline from 3 million to 2.9 million in the week ending January 11.
In other currencies, the euro was showed little movement, as is typical for this Asian session. EURUSD remained stuck in its recent 1.3500-1.3600 range.
However a key risk event for the euro will be today’s PMI data from the Eurozone.

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8 Market Report 24-01-2014 on Fri Jan 24, 2014 12:20 am


Asian Session – Dollar broadly lower after disappointing US data
Risk - off sentiment dominated the markets in Asia after disappointing US data in the prior session dampened the mood. As a result, the US dollar was broadly weaker against most of its major counterparts following a series of soft data.

USDJPY plunged to a low of 102.96 after the data late on Thursday, and was bought on the dip in Asia. The dollar attempted to recover some losses but the upside momentum was weak and it fell back to 103.22 yen.
The euro consolidated gains made yesterday when it was propelled to a four-week high against the dollar on the back of upbeat manufacturing and services activity data from the Eurozone. Other data indicated that consumer confidence in the region improved more than forecast in January, also helping buoy the euro.
EURUSD opened in Asia at 1.3696 just shy of last night’s 1.3699 high but remained above 1.3680 throughout the Asian session.
Sterling remains strong, buoyed by upbeat UK jobs data on Wednesday which showed the unemployment rate dropped to 7.1% from 7.4% the three months to December.

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9 Market Report 27-01-2014 on Mon Jan 27, 2014 1:46 am


Asian Session – Yen remains buoyed on safe haven demand as emerging markets tumble
Risk - off sentiment still lingered in at the start of the new trading week, as the turmoil in emerging markets continue to dominate the mood. The Japanese currency gained after being buoyed by safe haven demand in volatile markets as emerging markets tumbled.
An indication of how much volatility existed in markets last week, the Emerging Markets ETF VIX (Volatility Index) surged 40%, which was the largest jump in over 2-1/2 years.
USDJPY fell early in the Asian session, dipping over 45 pips to a low of 101.74 but recovered quickly to rise back above 102, ending at 102.4, back to around Friday’s levels.
Yen crosses traded similarly, with EURJPY down to 139.25 before bouncing to 140.25 while GBPJPY fell to 167.86 and then 169.11. AUDJPY saw lows of 88.40 before rising to 89.50.
It should be noted that trading volumes were thinner than normal today due to the holiday in Australia.
The US dollar will be the currency of focus this week as the Federal Reserve starts a two-day policy meeting tomorrow.

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10 Market report 28-01-2014 on Tue Jan 28, 2014 2:35 am


Asian Session - Pound rises as focus turns to UK GDP data

After much volatility in currency markets on Monday due to the emerging market turmoil, Tuesday was calmer.
While most major currency pairs were steady and range-bound, especially EURUSD, USDJPY, the most notable moves were made by the pound, as GBPUSD extended gains into the Asian session.
The pound climbed back to a near 3-year high against the dollar ahead of key UK data later today. GDP numbers will be released, with expectations for a confirmation of strong growth in the British economy in the last quarter.

GBPUSD rose to $1.6624 from $1.6582 at the open of Asian session trading. The pound’s strength may out some pressure on the dollar for now.
However the dollar could be expected to regain a firmer footing against the yen as the Federal Reserve meeting comes closer. The Fed begins its 2-day monthly monetary policy meeting today and will announce its policy decision tomorrow.
There are expectations that the Fed will scale back its stimulus further and this is helping pull the dollar off a 7-week low against the Japanese yen. USDJPY was steady in Asia and barely moved while trading sideways, ending the session at 102.61 yen.
The Australian has also proved to be resilient and was another currency that performed well in Asia today. AUDUSD rose to $0.8791, well above Friday’s low of $0.8659.

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After a quiet US session, currency markets saw more movement despite the holiday in Japan today. The US dollar was weak across the board ahead of an important risk event later today. Fed Chair Janet Yellen will make her first appearance at the House of Representatives.

Yellen will be answering questions from US lawmakers, some hostile to the central bank, who will want to know how committed she is to winding back exceptional stimulus measures.

The only economic data released during the Asian session was from Australia which showed that Australian business conditions rose to its highest in nearly three years in January.

AUDUSD rose to a one-month high of $0.9016, getting a boost after the data, up 0.6 percent from late US trade on Monday. The Aussie last fetched $0.9004.

USDJPY opened the Asian session at 102.26 after a quiet US session, then jumped to a high of 102.40 yen. Volumes were thin due to the holiday in Tokyo.

EURUSD opened the Asian session around 1.3645 after a very slow US session. The pair then idled between 1.3640/50 for the first few hours before spiking to a two-week high of 1.3679.

Other major pairs mostly traded sideways as markets await Yellen’s testimony. GBPUSD traded a 1.06404-34 range in Asia and USDCHF traded a 0.89385-0.8970 range.

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Weak US data dampened sentiment keeping the dollar heavy against the yen. US Consumer confidence in February fell to 78.1 versus 80 forecast and 79.4 previous. Meanwhile there were comments from the Fed policy maker Tarullo who said that monetary is possible tool to deal with broad sustained systemic risk and that it is possible that interest rates will remain historically low for some time after Fed starts to raise them.

USDJPY opened the Asian session at 102.24 after trading with a heavy tone through the US session due to weak US consumer confidence and a drop in the 10-yr Treasury yield to 2.70%. The pair eased to 102.13 in early Asia.

The Australian dollar was in focus today as there was domestic data on the construction sector. Fourth-quarter total construction fell 1.0% on the quarter while engineering construction was down 0.5%. Also weighing on the aussie lately was the weaker Chinese yuan.

AUDUSD opened the Asian session at $0.9018 and traded a moderate 0.8969-0.9021 range.

EURUSD barely moved yet again in Asia and could only manage a $1.3739/1.3748 range for the entire morning session.

GBPUSD traded a 1.6669-85 range in Asia. Yesterday the pound rose above $1.6720 after comments by the BOE's McCafferty that the UK could raise interest rates in Q2 2015.

Revised GDP for the UK will be released in the European session today and US new home sales in the US session.

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Risk trades were back after the Ukraine crisis de-escalated and this was particularly evident after the S&P 500 rallied 1.5% to a record high on Tuesday.

During Wednesday’s Asian session, the main data releases were from Australian, with fourth quarter GDP numbers coming in stronger-than-forecast.

In other news, China provided its strongest signal yet that it will shift toward balanced and clean economic growth, promising to reduce the pace of investment to the lowest in a decade and wage a "war on pollution".

Most major currencies traded a range during today’s Asian session, consolidating moves from the previous day. The unwinding safe haven trades led to a weaker yen and Swiss franc.

USDJPY opened the Asian session at 102.21 after the yen was sold across the board due to outflows from safe have currencies as the Ukraine crisis eased. The pair traded a 102.11/29 range throughout the Asian session.

EURJPY did little and traded a 140.25/57 range.

EURUSD opened the Asian session at 1.3742 but barely moved during the Asian session , edging down about 15 pips to 1.3727. Focus is on Euro zone services PMI data later today. The main key risk for the euro will be the European Central Bank meeting on Thursday. There are mixed views on whether the ECB will take action and cut rates.

GBPUSD traded sideways in Asia between 1.6656-73. UK BRC shop prices inflation data released early today had little impact. The UK services PMI data due later today will be more important while Thursday’s Bank of England policy meeting will also be a key risk for the pound.

USDCHF traded a 0.8868-08877 range, remaining calm after fears of the Ukraine crisis subsided and there was less demand for the safe haven Swissie.

AUDUSD opened on Wednesday at 0.8952 and the pair spiked up to 0.8995 after the better-than-expected Q4 GDP numbers. The pair then fell back down to 0.8935.

Looking ahead, Eurozone services PMI data will be released in the European session today.

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The Australian dollar was the best performer today after Australian retail sales beat expectations by more than double the forecast, while the nation’s trade balance posted a strong surplus. The upbeat data lessened the possibility of a rate cut by the Reserve Bank of Australia and helped sentiment for the AUD.

Australian retail sales jumped by 1.2% m/m versus a consensus of 0.5% while the trade surplus widened to A$1.433 billion versus a previous A$591 million and above the A$270 million forecasted.

AUDUSD rallied to a high above 0.9030 while AUSDJPY rose to a high above 92.60 yen.
In other news overnight there was soft US data. The private payrolls processor ADP showed a tepid increase of 139,000 jobs in February, while jobs growth in January was revised down sharply to 127,000 from 175,000. The ISM non-manufacturing PMI fell to a 4-year low last month.

However the dollar remained buoyant as Fed policy maker Williams said yesterday that he expects the first rate hike to be in mid 2015. This gave a boost to the dollar.

USDJPY rose to a high above 102.75 in Asia today, up from the session open of 102.30 and up 1.2% since Monday.

EURUSD traded at $1.3728, little-changed in Asia but off 2-month high of $1.38255 hit on Friday. A key risk for the euro will be today’s European Central Bank meeting. Interest rates are expected to remain the same at 0.25% but many expect the central bank to end its SMP sterilization program, which means an end to bond buying that was draining liquidity. By ending this program, the increase in liquidity in the financial system of the Euro zone will weaken the euro.

GBPUSD was flat trading a 20-pip range above $1.6706. The Bank of England policy announcement will be in focus today.It is expected to be a non-event as the rate is predicted to remain at 0.50%.

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EUR/USD : is level for the day, exchanging at 1.3794 unable to support the 1.38 level after Spanish unemployment indicated a huge drop in cases and yearly GDP met desires, in spite of the fact that quarterly GDP printed underneath figure. The euro also ticked higher. Like the dollar it tends to draw support from prospects of higher world growth and is also supported by expectations the European Central Bank will steer clear on Thursday of any action to ease monetary policy. A rising dollar was this year’s big call for many banks and funds in January and most have been disappointed, with a falloff in growth in China and a euro bolstered by returning flows of capital instead the dominant trends.

GBP/USD : climbed by 14 points after construction PMI printed close to expectations but showing strong growth. The pound is trading at 1.6642 as traders evaluate the Bank of England’s next move now that the economy is recovering steadily. The improved outlook suggests the Bank of England may tighten monetary policy in the next 12 months.

AUD/USD : eased to trade at 0.9235 giving up 13 points after building approvals missed expectations. The currency continues to remain well above its trading range on hopes of stimulus from the Chinese government. The RBA kept the target cash rate at 2.5 percent, as expected, and kept its view that rates won’t change while the central bank supports the economy.

USD/JPY : gained 17 points to trade at 103.84 as the yen loses its value as traders are now expecting the Bank of Japan to add stimulus to offset the negative effects of the sales tax increase which went into effect on April 1st. The combination of rising global equity markets with rising U.S. Treasury yields is a catalyst for USD/JPY to move higher,” said Kit Juckes, analyst at Societe Generale

Gold : added $3.90 ahead of the ADP payroll release to trade at 1283.90 as traders begin to take position ahead of the ECB and the NFP over the next two days. The ADP jobs report will be the main event that traders are waiting for with data due to be released in just a few hours. Having fallen 8% in just over two weeks, gold “hasn’t found a host of willing buyers looking to pick up cheaper metal,” said UBS analyst Adel Tully. “Some buying interest has emerged on the lows, but further downside has been prevented largely because sellers are in short supply.”

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16 Fundamental Analysis April 4 on Thu Apr 03, 2014 9:36 pm

EUR/USD is flat ahead of the ECB meeting. the choice is expected in simply a couple of hours, yet the firecrackers will probably be later in the day at Mr. Draghi's question and answer session. Merchants can anticipate that the Governing Council will simplicity arrangement unassumingly at this gathering, through a little cut in key rates or liquidity activities. Aggressive unconventional policies remain distant. The ECB may introduce new liquidity measures today to counter tightness in funding conditions, but we think they will most likely not deliver additional rate cuts or monetary policy accommodation.

GBP/USD gave up 16 points to trade at 1.6610 after UK services PMI missed expectations and also printed lower than last months. It is not a major upset to the markets but enough to see some traders moving away from the pound as the US dollar continues to climb. Sterling fell to a day’s low against the dollar and the euro on Thursday, after UK services sector expanded at a slower-than- expected pace in March.

AUD/USD eased by 33 points against a much stronger greenback after more data showed a steady recovery in the US economy. Retail sales in Australia missed expectations this morning and the trade balance widened more than expected but remain less than the previous months. In Australia, the RBA wants Australia’s biggest banks and building societies to pay a levy to help pay for a fund that will protect their own depositors in the event of a banking collapse.

USD/JPY soared to trade at 104.05 as the dollar gained momentum after the ADP data release on Wednesday showed that the private employers created more jobs than in previous months and there was a strong upward revision to the previous month. The Japanese yen declined against other major currencies in Asian morning deals on Thursday as investor sentiment rose on strong U.S. data and China’s mini stimulus package designed to boost spending on railways and tax relief for struggling small businesses.

Gold reversed course and begin to ease giving up $4.50 to trade at 1286.30 after climbing in the Asian session as high as 1293. Traders are beginning to take positions ahead of tomorrow’s NFP and after comment from several Federal Reserve members all saying that we would likely see an interest rate increase in mid-2015. Investors are waiting on a European Central Bank policy statement later in the session and monthly jobs data from the U.S. Friday.

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17 Fundamental Analysis April 8 on Tue Apr 08, 2014 12:44 am

EUR/USD is exchanging at 1.3715 up by 11 focuses as the euro picked up a bit of force after the arrival of German Industrial Production numbers indicating a positive build in processing. A week ago on April third, the European Central Bank (ECB) took off its most recent redesign on money related strategy. President Mario Draghi reminded markets that dangers in the euro zone stay to the downside. Speculators keep on showwing enthusiasm toward euro region holdings. This investment probably illustrates at any rate a portion of the headstrong quality in the euro.

GBP/USD is completely flat today, with no direction as traders are taking a break. The pound is holding at 1.6575 ahead of the Bank of England meeting later this week. The Fed will release on minutes of its March 18-19 meeting on April 9. Policy makers at the gathering cut monthly bond purchases by $10 billion to $55 billion. Fed Chair Janet Yellen said the central bank may start to raise interest rates “around six months” after ending its asset-buying program.

AUD/USD gave up 9 points to trade at 0.9283 remaining close to its record high the currency fell against a strong USD and a minor data release from the ANZ jobs advertisements which slipped below last month. It has been a slow trading morning with Chinese markets closed traders looked for any signs or news

USD/JPY is flat this morning ahead of the Bank of Japan meeting trading at 103.28 after steadily declining last week against a strong greenback. Japan’s central bank will probably double purchases of exchange-traded funds in a second round of monetary easing under Governor Haruhiko Kuroda anticipated in coming months, a Bloomberg News survey of economists’ shows.

Gold is trading at 1299.00 down by $4.50 as traders book profits after the commodities climb at the end of last week. Gold rose Friday to its highest level in more than a week after data showed the U.S. created slightly fewer jobs than expected in March. This suggested the Federal Reserve is likely to keep interest rates near zero well into 2015 and encouraged lurking buyers to step into gold. Although prices back below $1,300 Monday, they held onto the majority of their gains. After a closer analysis the upward revision to the previous month’s jobs creation turned traders to a more positive note that the Fed will move swiftly to cut its asset purchases and end the program.

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18 Fundamental Analysis April 9 on Wed Apr 09, 2014 1:20 am


EUR/USD added 27 focuses to exchange at 1.3769 after the dollar plunged as dealers re-assessed the FOMC taping and rate increment. Dealers are holding up to see the points of interest of the last Fed gathering in tomorrow's moment discharge. Climbing pressures in Ukraine likewise tempered speculator craving for danger. Ace Moscow dissenters in eastern Ukraine seized arms in one city and announced a separatist republic in an alternate. Ukraine on Monday called the moves a piece of a Russian plan to legitimize an attack.

GBP/USD soared today adding 91 points after positive economic data releases. The GBP is trading at 1.6699 and is likely to break the 1.67 range before the end of the day. Industrial production and manufacturing production both exceeded forecast. Sterling rose to its highest in three weeks against the dollar and a one-month maximum against the euro after data on Tuesday showed industrial output rose much faster than forecast in February.

AUD/USD added 11 points to trade at 0.9281 after the release of the NAB business confidence report which printed a bit lower than the previous month. Traders moved from equities to commodity currencies as earning season begins today. The value of Reserve Bank of Australia’s foreign currency reserves jumped by $US10 billion ($10.8 billion) last month just as emerging market central bankers accelerated their intervention in foreign exchange markets in an attempt support their economies.

USD/JPY gave up 12 points to trade at 102.98 remaining well above its trading range as the JPY strengthened after the Bank of Japan held rates and policy this morning. Today’s decision said that Japan’s economy has continued to recover moderately, and noted front-loaded demand ahead of the April sales-tax bump. Overseas economies, mainly advanced ones, are starting to recover, the BOJ said.

Gold continued to climb today as geopolitical tensions grew between Russia and the Ukraine. Gold added $12.20 to trade at 1310.50. Foreign currency market sources think that the Federal Reserve will postpone the tapering of bond purchases, following the disappointing jobs report for March. Businesses added 192,000 jobs during the month, below expectations of 199,000 jobs. The unemployment rate in the US remained unchanged at 6.7%, compared with expectations of a drop to 6.6%.

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19 Fundamental Analysis April 11 on Fri Apr 11, 2014 1:15 am


EUR/USD keeps on inflaing exchanging at 1.3866 including 11 focuses moving without much explanation behind the additions. The euro searches headed for a genuine fall in the close term. he dollar dropped to more than two week-lows against the euro and Swiss franc on Wednesday after minutes of the most recent Federal Reserve money related arrangement gathering recommended that the U.s. national bank may not raise premium rates at whatever time soon.

GBP/USD is quiet ahead of the BoE meeting later today, although the MPC is not expected to make any changes and will avoid a public statement traders are remaining cautious before the release. The GBP exchange rate jumped by half a cent to a near-2-month high in reaction to the latest Minutes from the Federal Reserve, which showed that policymakers are concerned that a premature hiking of interest rates could damage the burgeoning economic recovery.

AUD/USD added 13 points to break over the 94 level trading at 0.9402 after a strong employment release this morning. The Aussie unemployment rate fell to 5.8% a much larger fall than expected. The nation also created a lot more new jobs that forecast. Australia’s dollar reached a more than four-month high versus the greenback after the government reported unemployment unexpectedly fell for the first time since September.

USD/JPY eased by 15 points to trade at 101.84 as the yen has steadily gained since the Bank of Japan decision to hold rates and stimulus. Mr. Kudora later gave a glowing outlook for the economy and said that there was little need for additional stimulus. he dollar drifted at three-week lows against a basket of major currencies early on Thursday, having fallen for a fourth session after minutes from the Federal Reserve’s March meeting disappointed dollar bulls.

Gold added $16.40 to trade at 1322.30 climbing steadily after the FOMC minutes release and on geopolitical tensions with Russia. Gold extended gains to a third session on Thursday, scaling fresh two-week highs, after minutes from the Federal Reserve’s policy meeting showed that officials were not keen on increasing interest rates anytime soon.

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20 Fundamental Analysis April 14 on Mon Apr 14, 2014 12:57 am

EUR/USD moved by 11 focuses unable to move over the 1.39 level. The EUR is flat to yesterday's nearby, having neglected to support a short rally over 1.3900. A few outskirts yields have dropped to new lows—note that both Italian and Spanish 10‐years are currently at 3.2%. German CPI came in obviously with feature tumbling from 1.2% in February to 1.0%y/y in March; the delicateness was normal yet denote a three‐year low in German feature inflation and will weigh on Eurozone inflation, which thusly will weigh on the ECB. Today a viewpoint update for Portugal (Fitch to positive) was offset by a standpoint downsize to Finland (S&p to negative on development concerns). Next week's center will be the arrival of Eurozone CPI, anticipated that will raise 0.5%y

GBP/USD gave up 58 points to trade at 1.6726 as the US dollar gained momentum. . The GBP is soft, down 0.2% since yesterday’s NA close failing to sustain brief gains above 1.68. Construction output was soft, down 2.8%m/m and up 2.8%y/y. Next week’s focus will be the release of CPI, expected to fall to 1.6% on headline and core as well as employment.

AUD/USD eased by 9 points as traders booked profits after last week’s strong showing and continued worries over the Chinese economy with GDP due later in the week and the holiday season many traders are booking profits and moving to the sidelines. The Aussie is trading at 0.9390 well above its 2014 average range.

USD/JPY eased by 7 points as traders moved to the safety of the Japanese currency, pushing the pair to trade at 101.56. Asian share markets gave up more ground in early trade this morning after a dismal week on Wall Street, helping underpin the safe-haven yen. The low-yielding yen benefited from the heightened risk aversion. The dollar was down about 0.1 percent in early trading at 101.56 yen, after touching a 3-1/2 week low of 101.32 yen on Friday, a far cry from a 2-1/2 month high of 104.13 yen set on April 4.

Gold moved between gains and losses today, to trade at 1321.70 its highest level in weeks. Risk appetite was also curbed by tensions in Ukraine, where pro-Moscow protesters seized arms in one city and declared a separatist republic in another, in moves Kiev described as part of a Russian-orchestrated plan to justify an invasion to dismember the country. Gold, seen as an alternative investment, usually benefits from economic and geopolitical uncertainties.

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21 Fundamental Analysis April 16 on Wed Apr 16, 2014 3:12 am

EUR/USD fell on Tuesday after the arrival of a disillusioning German ZEW Economic Sentiment report. The administration reported a drop to 43.2 from 46.6. Moguls were searching for 46.3. The decrease in the ZEW puts further weight on the European Central Bank to make a move to empower the economy, however the ECB is liable to hold up until the arrival of most recent CPI information on Wednesday. This report is relied upon to show a 0.5% perusing which will be unaltered from the past month.

GBP/USD rallied after U.K. inflation data fell in-line with expectations. The headline year-on-year CPI data fell to the lowest level since October 2009 and the year-on-year measure of retail inflation declined to its weakest level in nearly five years. One bright spot was the surge in the House Price Index. This report exceeded expectations with a 9.1% rise. Traders were pricing in an increase of 7.2%.

AUD/USD rose slightly following the release of the latest Reserve Bank minutes, but failed to hold on to its gains. The minutes didn’t offer any surprises for traders and was viewed as somewhat neutral. Some traders thought the recent run up in the Aussie would have been addressed in the minutes, but the central bank seemed to be unfazed by the price level.

USD/JPY finished flat-to-slightly better following the release of better-than-expected U.S. consumer inflation data. According to the latest data, the U.S. CPI rose 0.2 percent in March, versus expectations of a 0.1 percent gain. Helping to limit gains was the weak Empire State Manufacturing Index. Traders were looking for a robust gain of 8.2. The actual report showed a decline of 1.3.

Gold futures plunged sharply lower after the better-than-expected U.S. CPI report helped trigger a rally in the dollar. Since gold is dollar-denominated, a stronger dollar tends to weaken demand for gold, pressuring the commodity.

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22 Fundamental Analysis April 22 on Tue Apr 22, 2014 3:12 am

EUR/USD completed marginally better on Monday joined by unstable value movement. Volume was down as a result of the developed Easter festival. Germany, Italy and France are all on bank occasion today.

Trading was limited in the GBP/USD today due to an extended Easter bank holiday. Later this week, investors will get the opportunity to react to the latest data from the Monetary Policy Committee although this report is expected to show no surprises. On deck is the MPC Official Bank Rate Votes, followed by Public Sector Net Borrowing.

AUD/USD saw some volatility on Monday. Thin holiday trading conditions may have had something to do with the two-sided trade. Traders could be positioning themselves ahead of the CB Leading Index report

Gold futures were down a little more than 0.50 percent on Monday. Price reached a low of $1281.80 before stabilizing. The market crossed to the weak side of a retracement level at $1289.45 before taking out last week’s low. Traders are looking for the slide to continue to at least the April 1 bottom at $1277.40, followed by a 61.8% level at $1265.20.

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23 Fundamental Analysis April 23 on Wed Apr 23, 2014 2:38 am

EUR/USD picked up 20 focuses to exchange at 1.3813 staying inside its late exchanging reach with no Eurozone information and US information still before the businesses.

GBP/USD was the star performer today adding 35 points to trade at 1.6827. Decent factory production figures combined with another strong month for the labor market sent March’s index of US Leading Indicators higher.

AUD is trading at 0.9348 after trading as high as 0.95 just a week ago. The US dollar has climbed above the 80 level as is expected to continue to gain as US data supports the defrost of the US economy after the severe winter freeze.

USD/JPY was the most active currency pair on Monday and continues to climb on Tuesday trading at 102.67 above its average trading range as data released on the Easter Monday holiday upset traders and analysts.

Gold recovered a few dollars today moving between small gains and losses with little direction as tensions seemed to ease in Ukraine. Gold is trading at 1291.40. Gold recovered from early losses on Tuesday as the dollar gave back some gains, but sentiment among investors continued to be fragile on further outflows from bullion-backed funds.

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24 Fundamental Analysis April 24 on Thu Apr 24, 2014 2:53 am

EUR/USD moved to exchange at 1.3838. The euro zone streak PMI was stronger than anticipated, and this helped lift the euro about a large portion of a penny and further bond its recuperation from the dip to seven-day lows yesterday.

GBP/USD eased by 28 points to trade at 1.6795 after the MPC meeting minutes seemed to indicated that the members were not contemplating an interest rate increase in the near future.

AUD/USD recovered 4 points after Wednesday’s decline after inflation reported lower than expected. The AUD is trading at 0.9294 well below its April trading range. Even the declining US dollar did not help support the currency. Traders were hit with a decline in China manufacturing.

USD/JPY eased by 21 points as the US dollar declined to trade at 102.32 after the dollar declined on lackluster new home sales. “The WSJ reported yesterday that the BOJ may upgrade its inflation forecast for FY2014 if the April Tokyo CPI, due to be released on Friday, is strong.” “Unnamed sources familiar with the matter in a WSJ article emphasized that a 2% inflation forecast for FY2015-16 does not necessarily mean the BOJ will consider exiting monetary easing any time soon.

Gold recovered $5.30 to trade at 1286.40 but remains directionless as data continues to support an increase in tapering at the next FOMC meet..

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25 Fundamental Analysis April 25 on Thu Apr 24, 2014 8:09 pm

EUR/USD picked up 11 point today after US information disillusioned trader yesterday with new home deals falling admirably underneath desires. The euro was exchanging at 1.3828 in front of Mario Draghi's discourse this evening where he is relied upon to remark on the high cost of the euro.

GBP/USD gained 13 points to trade at 1.6796 as traders recovered from their disappointment in the MPC minutes. Speculators seem sure that the BoE was close to raising interest rates but the minutes showed that the members were not even considering a rate hike at this time and are waiting for more assurances that the economy is under full recovery.

AUD/USD recovered 4 points after Wednesday’s decline after inflation reported lower than expected. The AUD is trading at 0.9294 well below its April trading range. Even the declining US dollar did not help support the currency. Traders were hit with a decline in China manufacturing.

USD/JPY eased by 21 points as the US dollar declined to trade at 102.32 after the dollar declined on lackluster new home sales

Gold is flat for the day moving between gains and losses with no direction as traders take a breather after the situation in the Ukraine seems to have puffed out. Gold remains at the 1284.00 price level.

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