Fundamental Analysis

FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.London, 24 July 2008 - More bullish dollar tones and reduced inflation demand have prompted further long liquidation across the precious complex over the past 24-hours, with gold trading to a 2-week low, silver to a 3-weeks low, while both platinum and palladium have slumped to 5½ month lows after breaking technical support. EUR/USD closed yesterday at 1.5689 and has met resistance at the 1.57 level this morning ahead of data showing Jobless Claims for the week of July 19th and Existing US [visit website]

Market Brief Usd was slightly weaker in Asian session on light trading and higher oil prices. EurUsd traded up to 1.5930 from 1.5832 while UsdJpy slipped from 106.93 to 106.32. The GbpUsd continued to outperform despite mounting bearish sentiment climbing above the 2.000 handle to 2.0039. AudUsd consolidated around the 0.9750 level while Nok is beginning to regain its forward momentum, with UsdNok pushing lower to 5.0550. Crude prices paired back gains made in US session, with wti 0.50bbl [visit website]

Domestic political scene is getting more interesting on a daily basis. US ex-Ambassador to Turkey Mark Parris’ remarks in Washington last week regarding the AKP closure case led to repercussions on the economic definitely beyond his intentions and arguably his imagination as well. Here is the unorthodox, to the ultra seculars the blasphemous assessment regarding the duration of this struggle which some choose to label as a post-modern war. I believe that the war is over and that the two sides [visit website]

Live radio for traders Listen the last Daily Radio Show by Rob Booker and Dave Murphy. Half an hour of lively Forex Market analysis: discussion of current economic events, interviews with some of the most important players of the industry, trading education and knowledge and many more.   Broadcast from 08:30 am Eastern Time - 12:30 GMT, Monday - Friday. Rebroadcast available approximately at 10:00 am Eastern Time - 14:00 GMT. [visit website]

The U.S. dollar fell against most major currencies this morning. The Great British pound closed relatively unchanged yesterday, though it rallied marginally overnight and early today following negative bank earnings that have led to renewed concerns about the U.S. economy. The euro closed higher yesterday and has traded in a narrow band overnight and this morning. Ahead of Thursday?s Reserve Bank of New Zealand?s rate decision, the New Zealand dollar was little changed in the past 24 hours. [visit website]

Czech Republic EUR/CZK breaks below the 23.0 level Hungary NBH leaves rates on hold and puts risks to both sides around inflation Poland The risk of second-round effects still a major obstacle on the road to lower rates… Slovakia Inflation Continues to Rise The Week Ahead Very thin calendar Overview Central European currencies enjoy strong money inflows Central European currencies are strengthening significantly, with no correction on the horizon yet. The exchange rates of the regional [visit website]

Global risks testing Central and Eastern European economies Low economic growth in the US and the eurozone, strong concerns about inflation, high lolatility in financial markets and a general repricing of risk are the main characteristics of the global environment. Q1 GDP growth settled at 2.5 % yoy in the US and at 2.1 % yoy in the eurozone, and expectations point to a further slowdown, with 1.4 % and 1.7 % growth for 2008 as a whole, respectively, and 2.0 % and 1.6 % for 2009. Oil prices [visit website]

FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.EURO The euro weakened vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5825 level and was capped around the .5945 level.  Technically, today’s intraday high was right around the 23.6% retracement of the move from .5610 to .6040.  The common currency eroded during the North American session after NYMEX crude oil futures for September delivery slipped nearly .00 to the 6 handle.   Comments from Philadelphia Fed President Plosser [visit website]

FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.London, 23 July 2008 - More hawkish comments from the Fed and a deeper correction in oil triggered further selling in the precious metals yesterday with gold closing below chart support located at 5. EUR/USD posted a high of 1.5942 in Europe before falling steadily to 1.5755 after Philadelphia Fed President, Charles Plosser said rising inflation could force the Fed to raise rate sooner than anticipated. In addition US lawmakers reached a deal on legislation aimed at alleviating the current [visit website]

Japanese Yen (JYU8): The JY opened lower at .9502 as 'carry-traders' followed equtiy traders, taking on more risk and buying higher yields by borrowing the 'cheap' JY. Prices did bounce to .9513, before retacing to a morning Lo of .9473 ahead of a higher open for the equity markets. Prices recovered to a morning Hi of .9514, before higher equity prices saw carry-traders taking on more risk and pressuring the JY to a daily Lo of .9367, before bouncing to a close of .9403, down 158 tics. The [visit website]

Earnings, options expiration, tame crude oil futures and oversold technical conditions have saved the stock indices this time around but many are wondering if a retest of the lows is imminent. Despite being a bull at heart, I see significant resistance in all of the major indices. While the Dow seems to be trading above (and holding) my original target, the S&P and the NASDAQ aren’t sharing the same technical success. This isn’t a surprising phenomenon given the fact that the Dow was the [visit website]

EURO The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.5905 level and was supported around the .5825 level.  Technically, today’s intraday low was right around the 50% retracement of the move from .5610 to .6040.  Data released in the U.S. today saw the June leading index fall 0.1%, its second consecutive monthly decline.  The dollar’s decline was limited by better-than-expected Bank of America Q2 earnings but the [visit website]

FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.7/21/2008 3:00 PM: EUR/$..1.5888 $/JPY..106.73 GBP/$..1.9982 $/CHF..1.0209 AUD/$..0.9753 $/CAD..1.0010 FX Listless, Awaits Data The trading week kicked off to a quiet start with the Japanese market away on holiday and a dearth of fresh economic news for traders to digest. Moving the markets today was a better-than-forecast Q2 earnings report from Bank of America, which, combined with the earnings reports from last week, instills renewed confidence in the financial sector. Although earnings [visit website]

Previous session overview On Monday, the dollar slipped against its rivals, along with U.S. equities. The Greenback lost some ground as Oil advanced on news of hurricane Dolly in the Gulf. Bank of America results offered the Dollar and Stocks some support but enthusiasm waned and both lost ground into the US session close. The Euro hit a record high against the Japanese Yen in the early US trading session. The euro appreciated against the U.S. dollar as the single currency tested offers around [visit website]

FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.London, 22 July 2008 - Oil and dollar fluctuations led gold to a day of range trade yesterday while platinum continued to struggle under further long liquidation, dipping to its lowest since May 2nd. Weather related supply concerns prompted a rebound in crude oil with August futures trading to 2.05 before closing at 1.04. EUR/USD traded between 1.5830-5930, closing just off the day’s high at 1.5924. Economic data from the US today will show the OFHEO Home Price index. Gold saw a .50 [visit website]

Currency traders are convinced … ... the Canadian dollar should be trading at par with the US dollar. We’re not sure exactly how traders became convinced, but this explains why we’ve seen a departure between the Canadian dollar’s correlation with commodities and commodity currencies. At one point we’d have expected the Loonie to surge to new highs along-side crude oil and the Australian dollar. But we’ve found it just can’t shake the tight link between the US and Canadian economies. In fact, [visit website]

EURO The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5805 level and was capped around the .5885 level.  The common currency came off after it was reported that U.S. banking giant Citigroup registered lost less money in the second business quarter than estimated.  Citigroup took a charge of US$ 7.2 billion, below the .0 billion write-down that was expected.  Traders are paying close attention to earnings reports from [visit website]

7/18/2008 3:50 PM: EUR/$..1.5840 $/JPY..106.96 GBP/$..1.9970 $/CHF..1.0224 AUD/$..0.9701 $/CAD..1.0056 Dollar Gains on Oil, Citigroup The major currencies were mixed on the Friday session amid a dearth of fresh economic news. However, the greenback took solace in a better-than-expected earnings report from Citigroup, propping the currency to above the 107-level against the yen to 107.08. Markets lauded Citigroup's earnings report, which revealed a .5 billion loss in the second quarter, [visit website]

FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.I'm once again contemplating the possibility of the Japanese yen being on the verge of further losing ground versus the other major currencies. I'm also of the opinion that the main US and European stock markets may have already found an interim bottom. On the other hand, I'll be watching out for the Australian dollar breaking out even higher against the New Zealand counterpart - an event which, I think, may take place over the following hours. [visit website]

Past Week's Data and Events The US currency finished the week on a decent note, after being able to either fully reverse or at least reduce earlier losses. A pullback in the oil price and the stock indices provided an island of peace. Washington worked hard to put on a façade of normalcy on the financial disaster that has been eating away wealth and threatened a worldwide depression. It worked last week. The dollar remains weak in the medium term, but if the oil drops below 5/gallon, [visit website]

FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.The moment investors were waiting on finally happened. The Eurodollar reached a new all-time high at 1.6039 on Tuesday. There was no clear impulse for such strong action. What caused the depreciation of the American dollar was the worsening investment climate on global stock exchanges causing an exodus from assets denominated in U.S dollars. Macroeconomic news that were published later on during the week, caused the EURUSD to retreat all the way to 1.5850. The main reason for this correction [visit website]

FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.Currency traders are convinced … ... the Canadian dollar should be trading at par with the US dollar. We’re not sure exactly how traders became convinced, but this explains why we’ve seen a departure between the Canadian dollar’s correlation with commodities and commodity currencies. At one point we’d have expected the Loonie to surge to new highs along-side crude oil and the Australian dollar. But we’ve found it just can’t shake the tight link between the US and Canadian economies. In fact, [visit website]

FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.Currency traders are convinced … ... the Canadian dollar should be trading at par with the US dollar. We’re not sure exactly how traders became convinced, but this explains why we’ve seen a departure between the Canadian dollar’s correlation with commodities and commodity currencies. At one point we’d have expected the Loonie to surge to new highs along-side crude oil and the Australian dollar. But we’ve found it just can’t shake the tight link between the US and Canadian economies. In fact, [visit website]

FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.Currency traders are convinced … ... the Canadian dollar should be trading at par with the US dollar. We’re not sure exactly how traders became convinced, but this explains why we’ve seen a departure between the Canadian dollar’s correlation with commodities and commodity currencies. At one point we’d have expected the Loonie to surge to new highs along-side crude oil and the Australian dollar. But we’ve found it just can’t shake the tight link between the US and Canadian economies. In fact, [visit website]

FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.Currency traders are convinced … ... the Canadian dollar should be trading at par with the US dollar. We’re not sure exactly how traders became convinced, but this explains why we’ve seen a departure between the Canadian dollar’s correlation with commodities and commodity currencies. At one point we’d have expected the Loonie to surge to new highs along-side crude oil and the Australian dollar. But we’ve found it just can’t shake the tight link between the US and Canadian economies. In fact, [visit website]

FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.Overview The USD gained further ground overnight, buoyed again by falling crude oil and rallying stocks. This coincidental fall in crude and rise in shares just doesn't smell right to me. The USD's gains over the last couple of days needs to be looked at with caution, given the state of uncertainty surrounding the US economy, and their financial markets. I tend to favour looking for levels at which we can sell the USD, rather than sell the EUR or buy the USD. Crude ... [visit website]

Previous session overview On Thursday, the dollar rallied across the board, rebounding from sharp losses that accumulated since the start of the week, on a surge in U.S. stocks when crude oil futures dove more than USD5 on the day. In comments in an interview, ECB President Jean-Claude Trichet said there is a risk of a wage-price spiral developing in the euro zone. The euro also capitalized against the yen on the bounce to market sentiment. EURUSD bulls and bears are locked in a tight battle [visit website]

FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.Headlines Currencies: Hungarian forint strengthens below EUR/HUF 230 Fixed Income: Room for further increase in the Czech yields is limited Currencies The Hungarian forint outpaced its regional peers and strengthened sharply against the euro. EUR/HUF initially rose after the wage growth, up 9.6% Y/Y, fell short of the market expectations, but rallied strong in the afternoon session, breaching through the EUR/HUF 230 threshold to close at 229.69 from a 230.82 close on Wednesday. Continuing talk [visit website]

Headlines Currencies: US dollar development may be crucial for the CEE currencies Fixed Income: Polish wages and inflation above consensus Currencies The Polish zloty edged past the EUR/PLN 3.25 mark to test fresh all-time lows in the 3.24 area on Tuesday as rate hike expectations received a boost following the higher than expected CPI and wage growth readings. The corrective move which pushed the pair to 3.26 in early trade was easily more than reversed later in the day after the data were [visit website]

Indeed, Fed chief Bernanke’s testimony before the US Senate Banking Committee today has sparked off big moves in forex and stock markets, as I’ve warned yesterday. Unlike previous testimonies, Bernanke didn’t mince his words that much this time, saying that there are “significant downside risks to the outlook for growth” and “upside risks to the inflation outlook have intensified.” His much-anticipated speech came hot on the heels of the aid given by the US government and the Fed to Freddie [visit website]

Market Brief Usd was range bound in Asian session as markets pause from dollar selling to evaluate current pricing. However we are anticipating another busy and volatile day. EurUsd bounced between the 1.5866 - 1.5932 while UsdJpy continued to slide from 105.12 to 104.27. With risk aversion reaching elevated levels, carry trades have suffered with EurJpy dropping to 165.80 and AudJpy falling to 101.77. With concerns over the credit market mounting, it is no surprise that VIX has climbed to [visit website]

Live radio for traders Listen the last Daily Radio Show by Rob Booker and Dave Murphy. Half an hour of lively Forex Market analysis: discussion of current economic events, interviews with some of the most important players of the industry, trading education and knowledge and many more.   Broadcast from 08:30 am Eastern Time - 12:30 GMT, Monday - Friday. Rebroadcast available approximately at 10:00 am Eastern Time - 14:00 GMT. [visit website]