Fundamental Analysis

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    November 06 2012 3:17 PM

    USD traded flat before the US presidential election. EUR eases from its two-month low as regional data continues to disappoint. JPY is unchanged and trading in narrow ranges against the USD.

  • AUD/USD RBA keeps Key interest rate at 3.25%AUD/USD RBA keeps Key interest rate at 3.25%

    November 06 2012 3:59 AM

    Most economists had expected a quarter-point cut to 3.0% due to concern over growth in Australia’s resource-rich economy. Falling prices for industrial commodities such as iron ore and coal last month prompted the Australian government to lower its expectations for growth over the coming year, and the central bank has signaled it may make even steeper downgrades to its forecasts in a policy statement due on 9 November.

  • Weekly Summary on USD, EUR, JPY, GBP, AUD, CAD and RMB

    November 05 2012 4:26 PM

    The dollar begins the week higher against most of its counterparts as investors remain largely sidelined ahead of tomorrow’s Presidential election. While the most recent polls predict an incumbent victory, the contest should be a close one. An Obama win should prove rather dollarneutral, while a Republican upset could spark a rally in the greenback as investors price in a likely more conservative Fed with Chairman Bernanke unlikely to maintain his seat when his term expires in 2014. Aside from politics, the dollar is finding support in the continued general outperformance of the US economy. While not as strong as expected, the US service industry continued to expand in October with ISM non‐manufacturing coming in at 54.2.


    November 01 2012 8:27 AM

    Economist and Hedge Fund Manager Shayne Heffernan of takes a look at the FX Pre-Market EUR/USD, AUD/USD, GBP/USD, USD/JPY. Two manufacturing surveys in China, released Thursday, showed improvement for the month of October, adding to signs that the world’s second largest economy may be recovering from its worst slump since the 2008 global recession.

  • UFXMarkets *Daily Forex Currency Trading News*31-October-2012 UFXMarkets *Daily Forex Currency Trading News*31-October-2012

    November 01 2012 3:43 AM

    For more currency & commodity news & info, visit The Dollar fell versus most majors during thin trade on Tuesday as U.S. markets remained

  • EuroCrisis: Greece Moves Closer to Collapse

    October 29 2012 4:05 PM

    All indications are that unemployment in Greece will continue to rise. The economy has shrunk by around a fifth since the recession started in 2008 and youth unemployment has pushed far above 50 percent. The economy is expected to enter a sixth year of recession next year. “This is a very dramatic result of the recession,” said Angelos Tsakanikas, head of research at Greece’s IOBE economic research foundation.

  • UFXMarkets *Daily Forex Currency Trading News*29-October-2012

    October 29 2012 6:55 AM

    The Dollar gained slightly versus most majors as Advance GDP came out

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    October 26 2012 1:36 PM

    The dollar is headed into the weekend slightly lower against many of its major counterparts as positive data fuels a bit of risk taking. US gross domestic product, the broadest measure of economic activity, gained at a 2% annualized rate in the third quarter. Economists had predicted a more modest expansion of 1.8% after a 1.3% pace of growth was set in Q2. The better-than-anticipated results were largely due to a pickup in consumer spending and a surprising rebound in the housing industries. The results would have been even stronger had it not been for a drought in the Midwest with a drop in farm inventories taking away 0.4% from Q3 GDP.

  • London Session: All eyes on USDJPY and the BOJ London Session: All eyes on USDJPY and the BOJ

    October 26 2012 7:52 AM

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    October 25 2012 1:24 PM

    The dollar is again mixed this morning, gaining against the JPY and EUR, but losing ground versus many of its higher yielding counterparts. Investors were treated to relatively strong economic data out of the US, with a strong reading of durable goods stealing headlines. The measure rose to 9.9% after last month’s 13.1% contraction and better than the 7.5% gain that was widely expected. With the volatile transportation component stripped out, orders still came in twice what was expected at 2.0% – the first gain in four months – versus the consensus forecast for an expansion of 0.9%.

  • UFXMarkets *Daily Forex Currency Trading News*25-October-2012

    October 25 2012 11:21 AM

    The US Dollar traded mixed versus most of the major currencies.

  • Fundamental Update: Has the UK economy turned a corner? Fundamental Update: Has the UK economy turned a corner?

    October 25 2012 7:46 AM

    The stunning 1% increase in GDP for the third quarter saw the UK exit its first double-dip recession in style. The market had expected a 0.6% increase, up from the 0.4% contraction in the second quarter.


    October 25 2012 3:54 AM

    EUR/USD looking to short on a break forward, positions @ 1.2955 with targets @ 1.301 & 1.3045, the EU has not resolved a single issue in the last 5 years, debt levels are well beyond terminal and we value the currency at 80c USD long term, speculative long EUR positions are inherently dangerous.

  • ¥ Renminbi (RMB) market in London sees rapid growth

    October 24 2012 3:55 AM

  • UFXMarkets *Daily Forex Currency Trading News*23-October-2012

    October 23 2012 5:47 AM

    The US Dollar fell versus most majors after the Spanish Prime Minister extended

  • UFXMarkets *Daily Forex Currency Trading News*22-October-2012

    October 22 2012 1:51 PM

    The US Dollar gained versus most majors as a perceived lack of progress on a Spanish bailout

  • Weekly Summary on USD, EUR, JPY, GBP, AUD, CAD and RMB

    October 22 2012 1:47 PM

  • AUD/USD Preview

    October 22 2012 3:46 AM

    Economist Shayne Heffernan of takes a look at the AUD/USD trading for the week ahead. AUD/USD hit 1.0410 on Thursday, the pair’s highest since September 28; the pair subsequently consolidated at 1.0327 by close of trade on Friday, still up 0.70% for the week.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    October 19 2012 1:54 PM

    The dollar is headed into the weekend higher against the majority of its counterparts as the risk on trade from earlier in the week quickly fades. US stock markets are lower as quarterly revenues at companies from Microsoft to McDonald’s fall short of expectations. Meanwhile, investors are again concerned with Europe as leaders failed to address the pressing issues in Spain. Consequently, the dollar is well supported in its role as the default “safe-haven” asset with the general outperformance of the US economy providing further impetus for holding dollars.

  • EUR/JPY Threatens a Falling Wedge that Started From 2010

    October 18 2012 8:53 AM

    Sharp rally: The EUR/JPY is making a new high since rallying from the July low of 94.10, as it pushes above the 103.86 resistance pivot. The rally has been holding above a rising trendline, and the RSI has tagged 70, now a 3rd time, without falling under 40, and even staying above 50. This strong rally has a recent 6-day streak that is now attacking a falling trendline that goes back to April, 2011 as it approaches the 104.00 psychological handle.