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: Friday 27, March 2015

EURUSD cedes 1.09 euro longs flushed out

Yesterday the US dollar index found support at a down trending channel. The index that tracks the value of the US dollar relative to a basket of foreign currencies bounced off from the 96.20 region and has since then reclaimed 97.80 up to the time of writing.

Full Briefing

Calendar

Economic Calendar: Monday 30 March 2015

Last updated at 12:00am

  • Switzerland

    KOF Leading Indicator

    Low Impact
    Previous: 90.1Forecast: -Actual: -

    The KOF Swiss Leading Indicator is released by the Konjunkturforschungsstelle Swiss Institute for Business Cycle Research and is a measure of the overall economic activity conducted together with the leading indicator. It calculates the degree of GDP growth and prevailing economic trends in Switzerland.

  • United Kingdom

    Mortgage Approvals

    Medium Impact
    Previous: 60800Forecast: 61500Actual: -

    This is a monthly figure published by the British Bankers Association (BBA) which is considered as a leading indicator for the British economy. It shows the number of mortgage or home loans collectively approved by members of the BBA.

  • United Kingdom

    M4

    Low Impact
    Previous: -2.2%Forecast: -Actual: -
  • Euro Zone

    Business Climate Index

    Medium Impact
    Previous: 0.07Forecast: 0.18Actual: -

    This indicator gauges the prevailing sentiment among business leaders in the euro zone. The survey is based on participant’s expectations for new orders and a general impression on the economic situation.

  • Euro Zone

    Services Sentiment

    Medium Impact
    Previous: 4.5Forecast: 5.2Actual: -
  • Euro Zone

    Industrial Sentiment

    Medium Impact
    Previous: -4.7Forecast: -4Actual: -

    The Industrial Confidence indicator released by the European Commission is an index that measures the level of industrial executive’s confidence in economic activity. The survey queries about orders and accumulation of inventories. A high degree of industrial confidence drives economic expansion while a low level leads to economic downturn

  • Euro Zone

    Economic Sentiment

    Medium Impact
    Previous: 102.1Forecast: 103Actual: -

    The Economic Sentiment Indicator (ESI) is a composite indicator made up of five sectorial confidence indicators with different impact. These include industrial confidence, services confidence, consumer confidence, construction confidence and retail trade confidence indicator.

  • Euro Zone

    Consumer Confidence Index

    Medium Impact
    Previous: -Forecast: -Actual: -

    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.

  • Euro Zone

    Consumer Sentiment

    Medium Impact
    Previous: -3.7Forecast: -3.7Actual: -

    Similar to the Consumer Confidence Index, as it takes gauges consumer’s opinion towards the health of the economy, his or her own financial situation, and the prospects of the economy on the long term.

  • Germany

    CPI Preliminary M/M

    High Impact
    Previous: 0.9%Forecast: 0.4%Actual: -

    This is a preliminary estimate of the CPI data

  • Germany

    CPI Preliminary Y/Y

    High Impact
    Previous: 0.1%Forecast: 0.3%Actual: -

    This is a preliminary estimate of the CPI data

  • Germany

    HICP Preliminary Y/Y

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

    Preliminary data is slightly more accurate than the flash data but the purpose remains the same, that is to predict as accurately as possible the actual inflation rate released later.

  • Germany

    HICP Preliminary M/M

    High Impact
    Previous: 1%Forecast: 0%Actual: -

    Preliminary data is slightly more accurate than the flash data but the purpose remains the same, that is to predict as accurately as possible the actual inflation rate released later.

  • United States

    PCE Core M/M

    High 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

    Pending Home Sales M/M

    High Impact
    Previous: 1.7%Forecast: 0.4%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

    Personal Income

    High Impact
    Previous: 0.3%Forecast: 0.3%Actual: -

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

  • United States

    Personal Spending

    High Impact
    Previous: -0.2%Forecast: 0.2%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

    PCE Deflator Y/Y

    High Impact
    Previous: 0.2%Forecast: 0.3%Actual: -
  • United States

    PCE Core Y/Y

    High Impact
    Previous: 1.3%Forecast: 1.3%Actual: -
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.

Read the Article