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: Monday 22, December 2014

Euro sinks lower as ECB poised for QE

Euro slipped to a fresh two-year low against the dollar on Monday amid growing speculation that the European Central Bank will have to increase its stimulus program to include purchases of sovereign debt in early 2015

Full Briefing

Calendar

Economic Calendar: Tuesday 23 December 2014

Last updated 1 day ago at 8:00pm

  • France

    Consumer Spending

    Low Impact
    Previous: -0.9%Forecast: 0.5%Actual: -

    This indicator measures the overall expenditure by households in an economy by consumers. Consumer spending makes up a large portion of the economy, and is an excellent measure for short-term demand.

  • France

    PPI Y/Y

    Low Impact
    Previous: -1.4%Forecast: -Actual: -

    The Producer Price Index (PPI) measures the average change over time in the selling prices for goods and services which domestic producers charge for their output. PPI is used as an early measure for inflation as higher costs at the production stage are passed onto consumers as higher retail prices.

  • France

    PPI M/M

    Low Impact
    Previous: -0.2%Forecast: -Actual: -

    The Producer Price Index (PPI) measures the average change over time in the selling prices for goods and services which domestic producers charge for their output. PPI is used as an early measure for inflation as higher costs at the production stage are passed onto consumers as higher retail prices.

  • France

    GDP Final q/q

    Medium Impact
    Previous: 0.3%Forecast: 0.3%Actual: -
  • France

    GDP Final Y/Y

    Medium Impact
    Previous: 0.4%Forecast: 0.4%Actual: -
  • United Kingdom

    GDP Final Y/Y

    High Impact
    Previous: 3%Forecast: 3%Actual: -
  • United Kingdom

    GDP Final q/q

    High Impact
    Previous: 0.7%Forecast: 0.7%Actual: -
  • United Kingdom

    Current Account

    Medium Impact
    Previous: -23.1BlnForecast: -23.2BlnActual: -

    Current account measures trade and investment relationships of a country with the rest of the world. In case the current account balance deteriorates, the value of the currency will erode as well and vice versa.

  • United States

    PCE Core Q/Q

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

    Personal Consumption

    High Impact
    Previous: 2.2%Forecast: 2.5%Actual: -
  • United States

    GDP Deflator Q/Q

    High Impact
    Previous: 1.4%Forecast: 1.4%Actual: -
  • Canada

    GDP Y/Y

    High Impact
    Previous: 2.3%Forecast: 2.1%Actual: -
  • Canada

    GDP m/m

    High Impact
    Previous: 0.4%Forecast: 0.1%Actual: -
  • United States

    Durable Goods Orders

    High Impact
    Previous: 0.4%Forecast: 3%Actual: -

    It is an important leading indicator and can serve as an excellent indication for future manufacturing activity. Durable goods have a life expectancy of at least three years and therefore represent a significant part of business investment spending.

  • United States

    GDP Final Y/Y

    High Impact
    Previous: 3.9%Forecast: 4.3%Actual: -
  • United States

    Michigan Consumer Sentiment

    High Impact
    Previous: 93.8Forecast: 93.5Actual: -

    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

    PCE Core M/M

    Medium Impact
    Previous: 0.2%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

    Personal Spending

    Medium Impact
    Previous: 0.2%Forecast: 0.5%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: 0.5%Actual: -

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

  • United States

    New Home Sales

    Medium Impact
    Previous: 0.458MlnForecast: 0.46MlnActual: -

    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

    New Home Sales M/M

    Medium Impact
    Previous: 0.7%Forecast: 0.4%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

    PCE Core Y/Y

    Medium Impact
    Previous: 1.6%Forecast: 1.5%Actual: -
  • United States

    PCE Deflator Y/Y

    Medium Impact
    Previous: 1.4%Forecast: 1.2%Actual: -
  • United States

    Richmond Fed Manufacturing Index

    Medium Impact
    Previous: 4Forecast: 8Actual: -

    The headline Richmond Fed manufacturing survey provides an insight into manufacturing activity in the fifth Federal Reserve district. This figure is published by the Richmond Fed close to the end of the month and may provide some clues on what the ISM PMI manufacturing report will show.

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