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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/12/2010
USD Off Lows, Retail Sales Beat Expectations
The USD traded at a three week low Friday pressured by announcement that President Obama will nominate Janet Yellen as vice chair of the Federal Reserve. Yellen is a policy dove and her appointment will likely mean that the Fed will keep interest rates low for much of 2010. USD...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/12/2010
US Market Update
The strong results in the February advanced retail sales data helped US markets open higher this morning, aided by strength in European trading. The lower than expected University of Michigan confidence reading sent indices into the red after 10amET, while the greenback has notably weakened against its major pairs excluding...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/12/2010
Afternoon Forex Overview
The U.S. dollar declined versus the euro on Friday as the shared currency was supported by strong economic data and more confidence that Greece will recover. The greenback pared losses after better-than expected retail-sales data and a surprise decline in consumer confidence. The dollar index, which measures the U.S. unit...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/12/2010
Sentiment Data Offsets Strong Retail Sales Data - Yields Flat
What's more important: A jump in retail sales data that you'd have bet the bank would decline amid February's winter snowstorms, or the proposed appointment of a dove as number two at the Fed? With the dollar apparently weakening ahead of the report on rumors that San Francisco Fed President...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/12/2010
Currency Currents: Friday Rant
The US will stop making a political issue out of it when China unleashes that puppy to run freely. How about that? So let's commend President Obama for calling out China's currency policy which could be dubbed "politically dictated", at least. But then let's ask President Obama to further consider...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/12/2010
CHF: SNB Maintains Its Loose Monetary Policy - For Now
As widely expected the Swiss National Bank (SNB) held its target for the three-month Libor unchanged at 0.00-0.75% and reiterated its intention to keep it within the lower end of the range - i.e. around 0.25%. Moreover, the SNB kept its commitment to intervention on the currency market, stating that...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/12/2010
Investors Question Sustainable Euro Weakness
The dollar is under pressure to end the week after words from a powerful investment house jolted investors expecting further decimation of the single European currency into a spin by warning that the next 10 cents for the euro is more likely on the upside than the downside. An unexpected...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/12/2010
Latest Weak USD Move - Headfake or for Real?
The USD fell out of bed on the last day of this week, but the JPY fell out of the top bunk, plummeting across the board, especially after the strong US data. Curiously, the Aussie, the former cheerleader of the risk appetite rally, has remained large sidelined and has actually...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/12/2010
U.S. Retail Sales Rose in February
Retail spending in the U.S. in February rose by 0.3%, exceeding market expectations for a decline of 0.2%. The increase was somewhat dampened by January’s gain being revised down to 0.1% from 0.5%. Excluding autos, sales increased by a strong 0.8% in February, beating expectations for a 0.2% gain.
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/12/2010
Canadian Employment Rises in February as Unemployment Rate Falls
Canadian employment rose by 20,900 jobs in February, a slightly stronger gain than forecasts for a more moderate 15,500 rise going into today’s report. The February rise builds on the 43,000 gain reported in January. The unemployment rate edged down to 8.2% in February as employment gains outstripped an 8,600...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/11/2010
Overbought Moves May Have To Reverse
The strongest two currencies of the last month of trading, the Aud and the Cad failed to initially follow the positive momentum seen by both the euro or and British pound overnight. From the start of the Asian session, the Cad fell 20 pips, the Aussie gained 25, as the...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/11/2010
USD Lower, Yellen Appointed to the Fed
The USD and JPY are trading lower pressured by improving risk appetite as equity markets rally and in reaction to a Nikkei report that the BOJ may double the size of its quantitative ease, European currencies firm in cross trade to the JPY, EUR supported by report of a possible...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/11/2010
London Session Recap
EUR/JPY has surged to an intraday high of 124.47 this morning, though vs the USD the JPY has failed to hold its softer overnight levels. The weaker yen in Asia followed an intensification of speculation regarding the likelihood of more BoJ policy action on March 17. Overnight PM Hatoyama commented...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/11/2010
Euro Zone Industrial Production Climbed To Its Highest In Two Decades
An end of a calm economic week as major nations lack major economic data; today most important data of the day was industrial production, which on the year climbed the most in more than 20 years, due to higher production of energy.
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/11/2010
European Market Update
Combination of tough rhetoric out of China on Trade and renewed rumors of a pending deal on a Greek bailout propelled risk appetite during the European morning. The USD was broadly lower against the majors as the NY morning approached. The session began with growing speculation that perhaps China might...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/11/2010
Government Increases Pressure On The BoJ To Ease
The lack of 1st tier economic data and stories that have failed to capture the market's imagination have kept FX markets in check. However, in Japan the rhetoric is really heating up, with even stronger worded comments regarding the stronger JPY and their perpetual fight against inflation, being hurled in...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/11/2010
Sunrise Market Commentary
Today, the focus for markets will be on the US retail sales report (see higher). From a (currency) market point of view the question is whether this release will be able to sustain the constructive sentiment to risk and whether it will be able to push the S&P above the...
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/11/2010
Morning Forex Overview
The yen fell against the dollar and euro in Asia Friday as Japanese Prime Minister Yukio Hatoyama's comments favoring a weaker yen prompted non-Japanese players to sell the currency. Growing expectations for further monetary easing by the Bank of Japan also weighed on the Japanese currency, dealers said.
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/11/2010
Look Out For US Retail Sales
US Retail Sales is the most important number out today, but we are once again dealing with a February number and the weather impact is an unknown. Vehicle sales dropped for a second month in a row in February and they are now down 8% from December.
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Forex Fundamental Analysis Reports (ActionForex.com)
Fundamental analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
03/11/2010
Initial Jobless Claims Yesterday Meets Expectations At 462K!
Yesterday's trading saw some range trading across all the majors with no major event risk able to push the pairs out of their recent ranges. Markets tend to consolidate in tight ranges as the participants take some time out reassessing market fundamentals and overall positioning. The main piece of data...
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