Category: Fundamental analysis of Forex market

The Australian dollar has started the week with a whimper. Currently, AUD/USD is currently trading at 0.7620. Australia releases the NAB Business Confidence early on Tuesday (1:30 GMT). Business confidence continues to show stronger optimism, rising to 16 in February, up from 10 beforehand. The Australian economy has recovered remarkably well from the Covid-19 downturn …

Will Business Confidence Shake Up AUD?Read More

The euro has posted slight gains in the Monday session. Currently, EUR/USD is trading at 1.1914, up 0.13% on the day. The euro has been on a steady decline since mid-February, but reversed directions and gained 1.19% last week, its best weekly performance since mid-December. If the upward trend continues, the euro could pressure the …

Euro Pauses after Solid WeekRead More

Last week’s narrow AUD/USD trading range of 0.7588 to 0.7677 was the first sub-1 cent weekly range since November 2020. This week’s busy Australian data calendar could inspire clearer direction for the Aussie.Data flurry to inspire a range break? Last week’s narrow AUD/USD trading range of 0.7588 to 0.7677 was the first sub-1 cent weekly …

Data Flurry to Inspire a Range Break?Read More

U.S. Review: Reopening Boom, while Supplies Last This week’s economic data kicked off with a bang. The ISM Services Index jumped to 63.7, signaling the fastest pace of expansion in the index’s 24-year history. The strong report came with some caveats, however, as the headline was propped up by lengthened supplier delivery times. Predictably, given …

Weekly Economic & Financial Commentary: Reopening Boom, while Supplies LastRead More

U.S. Highlights U.S. equities jumped early this week and continued to move higher over the course of it despite the prospect of higher corporate taxes announced by the Biden administration. A few dark spots in the short-term outlook are supply chain disruptions, which are pushing up prices and weighing on deliveries in the services sector, …

The Weekly Bottom Line: A Few Dark Spots in Bright Economic Growth ProspectsRead More

The talk last week was all about the expectation of an upcoming economic boom into the spring and over the summer months.  Although there are current lockdowns spread throughout Europe and Canada, traders are forward-looking.  With vaccines rolling out non-stop and US stimulus checks, “re-openings” are occurring, or soon will be. The US and Canada …

Week Ahead: Lockdowns and “Re-Openings”, Big Data Dump, and Earnings Season Begins!Read More

The Fed has clearly signaled they are not worried about inflation and that should worry financial markets. The Fed has repeated that inflation will be transitory, but financial markets have never seen this record amount of stimulus get pumped into the economy. The US economy is about to run hot and investors should continue to …

Week Ahead: Fed’s Inflation Calm About to Get TestedRead More

As the dollar recedes on some scepticism around the aggressive bets of an early Fed tightening, US inflation and retail sales numbers due in the coming week could reignite those expectations. There could be a further boost to the global recovery outlook if Chinese GDP figures point to strong growth in the first quarter. In …

Week Ahead – US and China Data Could Reinforce Optimism but RBNZ to Sound CautionRead More

Stronger-than-expected 303k employment gain cut the remaining shortfall relative to pre-shock levels in half Easing containment measures allowed some recovery in hospitality sector, but gains broadly based The unemployment rate fell to 7.5% from 8.2% in February Renewed virus containment measures will weigh on April hospitality and retail-sector employment, but the rest of the economy …

Canada Employment Surged Higher in MarchRead More