Forex Fundamental Analysis and News

Forex Fundamental Analysis and News attempts to gauge the overall state of the economy, by evaluating factors such as interest rates, production, earnings, and investor confidence. Forex Fundamental Analysis and News attempts to determine the real value of a currency based on the condition of the factors underlying the respective economy.

Daily Forex News

Morning Briefing: Wednesday 26, November 2014

Aussie down to four-year low; Dollar retreats ahead of Thanksgiving

The US dollar slipped away from its recent highs on Wednesday despite economic growth was revised higher for the third quarter according to the second reading. US GDP in Q3 was up to 3.9 percent, from 3.5 percent reported last month.

Full Briefing

Calendar

Economic Calendar: Wednesday 26 November 2014

Last updated at 10:32am

  • France

    Consumer Confidence Index

    Low Impact
    Previous: 85Forecast: 86Actual: 87

    This survey shows how consumers feel about business conditions, their spending and their employment conditions. Rising consumer confidence, points at more spending by consumers and at improved business conditions. A slowing consumer confidence figure on the other hand indicates lower spending and decreased business activity.

  • United Kingdom

    GDP Preliminary q/q

    Medium Impact
    Previous: 0.7%Forecast: 0.7%Actual: 0.7%
  • United Kingdom

    GDP Preliminary Y/Y

    Medium Impact
    Previous: 3%Forecast: 3%Actual: 3%
  • United States

    Continuing Jobless Claims

    High Impact
    Previous: 2.33MlnForecast: 2.355MlnActual: -

    Continuing claims refers to the total number of jobless people who qualify for unemployment benefits. The people that are considered for this data must be covered by unemployment insurance and who currently receive benefits. This excludes those not eligible for insurance and/or those who have lost their entitlement to receive benefits.

  • United States

    PCE Core Y/Y

    Medium Impact
    Previous: 1.5%Forecast: 1.5%Actual: -
  • United States

    PCE Deflator Y/Y

    Medium Impact
    Previous: 1.4%Forecast: 1.4%Actual: -
  • United States

    Weekly Jobless Claims

    High Impact
    Previous: 291000Forecast: 287000Actual: -

    This figure measures the number of Americans filing for jobless benefits in the previous week. It is published by the Labor Departments and is an important leading indicator on the overall state and health of the economy and labor market.

  • United States

    Personal Spending

    Medium Impact
    Previous: -0.2%Forecast: 0.3%Actual: -

    This number includes expenses that are considered of a personal nature such as dining out or shopping. Households would first cut back on these expenses so it may be an important data point to watch.

  • United States

    Personal Income

    Medium Impact
    Previous: 0.2%Forecast: 0.4%Actual: -

    This number represents the total income of a household including salaries and rental income.

  • United States

    PCE Core M/M

    Medium Impact
    Previous: 0.1%Forecast: 0.1%Actual: -

    CPI measures changes in the cost of living and is the headline figure to calculate inflationary pressures in an economy. This is the most effective way of measuring purchasing power of a particular currency in that economy. A higher inflation reading means one unit of currency has less purchasing power and can buy fewer goods and services. The CPI reading has a direct influence on monetary policy as policymakers may alter interest rates to address rising or declining inflation.

  • United States

    Chicago Purchasing Manager Index (PMI)

    Medium Impact
    Previous: 66.2Forecast: 63Actual: -

    This indicator is a business barometer which measures business conditions in the regions of Illinois, Indiana and Michigan. The Chicago Fed PMI is based on surveys of purchasing managers’ across these regions.

  • United States

    Michigan Consumer Sentiment

    High Impact
    Previous: 89.4Forecast: 90Actual: -

    This index is a consumer sentiment indicator published by the University of Michigan monthly. The survey is done by conducting at least 500 telephone interviews across the continental United States (Alaska and Hawaii are excluded). Five basic questions are asked.

  • United States

    New Home Sales M/M

    Medium Impact
    Previous: 0.2%Forecast: 0.9%Actual: -

    The figure published by the US Department of Commerce's Census Bureau that quantifies the sales of newly built homes. It is regarded as a lagging economic indicator.

  • United States

    Pending Home Sales M/M

    Medium Impact
    Previous: 0.3%Forecast: 0.7%Actual: -

    Pending Home Sales is an index created by the National Association of Realtors (NAR) that represents home sales with the contract signed but the sale not yet concluded.

  • United States

    New Home Sales

    Medium Impact
    Previous: 0.467MlnForecast: 0.471MlnActual: -

    The figure published by the US Department of Commerce's Census Bureau that quantifies the sales of newly built homes. It is regarded as a lagging economic indicator.

Read MoreEconomic Calendar

Forecast

Weekly Forecast: 14 May 2014

Yen slips as investors take on risk

Emman Xuereb

Global equity markets rallied at the start of the week dampening demand for safe-haven assets. The yen slipped for the third consecutive day on Tuesday versus the dollar on signs that tensions between Russia and Ukraine were abating.

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