Forex Fundamental & Technical Updates

[kristyj529]

EUR/USD: The bulls regained some strength earlier in the European session, but US dollar selling stalls around 1.1610 region with the Eurozone manufacturing activity falling to 2-year low.

 

[kristyj529]

Dollar, Yen Falls as Italy Revises Budget Plans

The U.S. dollar and the Japanese yen fell on Wednesday on reports that the Italy government is aiming to cut its budget deficit to 2% of GDO in 2021. The government forecasted a deficit of 2.4% in 2019 and 2.2% in 2020.

The Euro gained 0.3% against the dollar following the news.

The U.S. dollar index, which tracks the greenback against a basket of six major currencies, was trading at 94.98 by 12:30AM ET (04:30 GMT), down 0.2%.

The Japanese yen on the other hand also slid as the USD/JPY pair inched up 0.01% to 113.68.

 

[kristyj529]

Dollar hits 11-month high vs. yen as upbeat U.S. data, hawkish Fed boost yields

The dollar stretched an overnight rally to touch 114.55 yen , its highest since early November 2017. It last stood at 114.345. A rise above 114.735 yen would take the U.S. currency to its highest level since mid-March 2017.

"Currency bears dependent on a dollar-selling strategy have been repeatedly forced to buy back the dollar at ever higher levels over the past months."

The euro was 0.05 percent lower at $1.1469 (EUR=) after slipping about 0.6 percent on Wednesday.

Before caving in to the dollar's broad surge, the single currency had climbed to $1.1594 earlier on Wednesday on reports that Italy plans to reduce its budget deficit over the next three years.

The pound was steady at $1.2933 following a dip overnight to a 3-1/2-week low of $1.2925.

The Australian dollar extended overnight losses, slipping to a three-week trough of $0.7091.

 

[kristyj529]

Dollar boosted as U.S. Treasury yields hit 7-year high

The dollar stood tall on Friday against its major peers, including the yen and euro, as investors evaluated the impact of a two-day global government bond rout that has lifted U.S. Treasury yields to seven-year highs.

The dollar rose 0.1 percent to 114.04 yen after coming off an 11-month high of 114.55 yen reached during the previous session. A rise above 114.735 would take the greenback to its highest level since mid-March 2017.

The euro is down about 0.8 percent against the dollar so far this month.

 

[kristyj529]

FOREX-Dollar up in Asia as China loosens policy, yuan slips

* Yuan fixed at 6.8957, lowest since May last year

The dollar edged higher on Monday as China followed an easing in domestic policy by allowing its yuan to fall, though the drop was not as sharp as some had feared.

The fix left the dollar trading at 6.9039 in the spot market CNH= , but off an early top of 6.9157.

Any drop in the yuan tends to undermine other emerging currencies as they need to depreciate to keep exports competitive. The Indonesian rupiah IDR= , for instance, slid to its lowest in over two decades on Monday.

Those flows in turn support the safe-haven yen and the dollar, particularly when U.S. yields are rising.

 

[KariPlov]

I think the fundamental analysis have huge importance and impact on your trades. The market always follow you if your analysis are based on the basics of the trading. Many traders try to stuck into complexity of the market which ends up as huge losses. You need to stay simple guys!

 

[Electric Rainbow]

Short-term Forex trading has become so popular that it is almost the norm these days. Because of the volatile nature of the Forex market traders are often able to grab profits in a short period of time.

 

[Nosero]

Fundamental analysis is a way of looking at the forex market by analyzing economic, social, and political forces that may affect the supply and demand of an asset. The better shape a country's economy is, the more foreign businesses and investors will invest in that countr

 

[KristanXX]

Fundamental analysis is based on country’s economic development. But in contemporary world also social and especially political development should not be ignored, as they can have huge impact on country’s economic output. This is why we can see market reaction also on those news

 

[Alekxandra]

I think the fundamental analysis have huge importance and impact on your trades. The market always follow you if your analysis are based on the basics of the trading. Many traders try to stuck into complexity of the market which ends up as huge losses. You need to stay simple guys!

Fundamental analysis can only predict the release time of important news. Fundamental analysis will not predict the direction of the market movement, I have little faith in it. Too many different factors to predict currency movements.