Fundamental analysis of Forex market

Australian Dollar Extends Losses

The Australian dollar can’t find its footing and continues to lose ground against the surging US dollar. AUD/USD was down considerably earlier today but has pared most of these losses ...

FX Intervention: Risks for Solos, Not Yet for Accords

The US dollar is under some pressure on Tuesday morning, which can be attributed to the dollar’s local profit-taking after substantial gains on previous days. European equities and US index ...

More Turmoil to Come?

Stock markets have steadied in Asia and early European trade on Tuesday but that is not reflective of the mood in the markets at the moment so it may struggle ...

EUR/USD Due for a Corrective Bounce?

With all the attention on the pound today, there was some sharp movements in the euro which you may have missed. The single currency dropped to a fresh low on ...

Week Ahead: Central Bank Fallout, More Pain for the Pound, and Inflation Data

Last week, there were some major events that created quite a bit of volatility. The most important events were the FOMC interest rate hike of 75bps to bring the Fed ...

Week Ahead – Recession Fears Mounting

USNow that Wall Street has had some time to digest the FOMC decision, the focus shifts to how quickly the economy is weakening and a wave of Fed speak. A ...

Weekly Economic & Financial Commentary: Shot Across the Bow, Japan Intervenes Against Surging Dollar

Summary United States: Whatever It Takes As widely expected, the FOMC raised the target range for the fed funds rate by 75 bps for the third consecutive time. The housing ...

The Weekly Bottom Line: The FOMC Aims High

U.S. Highlights The Federal Reserve raised interest rates by 75bps for the third consecutive meeting, bringing the federal funds rate to its highest level in 14 years. FOMC Chair Powell ...

Yen Settles Down after Wild Ride

It was certainly a day to remember for the Japanese yen on Thursday. USD/JPY traded in a stunning 550-point range, as the yen fell sharply before reversing directions and closing ...

Global September Preliminary PMIs and Economic Outlook

After a week in which a dozen central banks around the world either tightened policy or resorted to currency intervention, the focus is now on the economy. Just how much ...

FOMC Hikes Policy Rate by 75 Basis Points, Signals Many More to Come

The Federal Reserve Open Market Committee (FOMC) lifted the federal funds rate to the 3.0% to 3.25% range and reaffirmed a continuation of its balance sheet runoff. The Fed updated ...

Pound Falls to New 37-year Low, Fed Looms

The British pound continues to lose ground. GBP/USD is trading at 1.3436. down 0.33%. Earlier in the day, the pound fell to 1.1304, its lowest level since 1985. Fed expected ...

Another Fed Hike is Coming; Mind the Dots

We have a very busy week ahead of us with four central bank meetings on the agenda, but the one to stand out may be the FOMC decision, scheduled on ...

Week Ahead: It’s all about the FOMC and the BOE

The focus for the markets this week will be on the FOMC meeting on Wednesday and the BOE meeting on Thursday. Both central banks are expected to high rates.Monday will ...

Cost of Prematurely Crying Victory

Ouch! The US inflation data release didn’t go according to the plan yesterday. The headline figure printed 8.3% inflation in August, higher than the 8.1% expected by analysts, and happily, ...

UK Inflation to Accelerate; What Does this Mean for the Pound?

The UK has been in the spotlight recently, with Liz Truss becoming the nation’s new prime minister last Monday, and Queen Elizabeth passing away on Thursday. Although the BoE gathering ...

Week Ahead: It’s All About the Data!

There is a glut of economic data due out this week that could sway decisions at upcoming interest rate meetings.The UK, and the rest of the world, will mourn the ...

US CPI Preview: Inflation Could Fall to 8%, but the Fed isn’t Slowing Down Yet

To the downside, the first key support level to watch on USD/JPY will be 139.50, where prices topped out back in July…No matter where you are, you can’t help but ...

King Dollar Feeds Off Aggressive Fed

King dollar’s scorched-earth ascent to a fresh 20-year peak has clobbered broad swathes of global financial markets, with dollar-denominated assets clearly bearing the brunt. Spot gold has returned into sub-$1700 ...

AUD/USD Edges Lower ahead of RBA Decision

The Australian dollar has started the week with slight losses. In the North American session, AUD/USD is trading at 0.6798, down 0.19%.Will RBA stay aggressive with a 50bp hike? The ...