Forex Fundamental Analysis

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  • How deep may pound dip? – FBS

    The pound has slumped against other major currencies amid fears over the no-Brexit deal. More details have recently come out over EU-UK tensions. Let’s get into them straight away. What happened? The European Commission claimed on Thursday that it would give a deadline up to the end of September to the United Kingdom to back out the ...
  • Good news for Alibaba – FBS

    Alibaba’s affiliate Ant company may become the largest IPO not only now, but also in the entire history. Let’s discuss what it may mean for traders. What is Ant? Jack Ma founded both Ant Group and Alibaba, the latter has a 33% stake in the fintech firm. Ant Group, or, as it is sometimes called, Alibaba’s fintech ...
  • Brexit dead end: GBP sharply dropped – FBS

    What happened? Firstly, the British PMI exceeded all expectations. It turned out 55.3 for Manufacturing PMI and 60.1 for Services. Moreover, earlier the EU PMI came out worse than anticipated: Manufacturing PMI – 51.7 and Services PMI – 50.1 vs expected 52.7 and 54.6, respectively. Positive British and negative European economic indicators led to an enormous ...
  • EUR/USD stabilized below 1.1950 – FBS

    The most traded pair takes a breath after reaching levels unseen since May of 2018. It has been rallying for 7 days in a row and eventually broke through the significant resistance at 1.1900. It was a strong sign for most traders. However, profit-takers entered the market and pushed the pair slightly down. Nevertheless, bulls ...
  • South African Rand is boosted by risk-on mood – FBS

    Goldman Sachs claims the ZAR may rise further, if global markets keep rallying. Let’s discuss it in detail. Fundamentals The South African Rand has depreciated a lot during the coronavirus pandemic. Indeed, the emerging economy was struggling from many different problems. The virus spread made things even more complicated. The rand has even become one of the ...
  • GBP: gaining versus others currencies – FBS

    Fundamentals The British pound surged higher amid the optimistic news of the upcoming Brexit agreement. Recently, David Frost, the chief EU-UK negotiator, claimed that the deal may be done in September. Just to remind you, the deadline is scheduled for December 31. Meanwhile, it’s always the EU, which makes final decisions. The UK had already broken ...
  • Bullish Euphoria for US Equities – FBS

    Forex Market Analysis Ichimoku Kinko Hyo CHF/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum. Fibonacci Levels XAU/USD: Gold is trading on the key point of 38.2% retracement. It seems that a correction is still taking place. US Market View US stocks are set to ...
  • AUD jumped after job data – FBS

    AUD approaches the strong resistance at 0.7185. What may happen next? Fundamental overview Today Australia reported that 114 700 its citizens found jobs in July. That numbers beat all estimates, as analysts anticipated only 30 000. Analysts may set such a low forecast because Australia was suffering from the fresh virus resurgence, especially its state Victoria. Australian ...
  • EUR/USD: trading sideways – FBS

    The pair bounced off the key resistance at 1.1900. All eyes on the NFP. Fundamentals The overall trend of EUR/USD has been bullish since the middle of March. The main reason for that rally has been the weak greenback. Why does the USD continue dipping? Firstly, investors avoid it as yields are decreasing in the USA. Secondly, ...
  • EUR/USD: bearish prospects – FBS

    Some analysts believe the euro will lose its gains in the third quarter. What are the reasons? Indeed, EUR/USD has shown the best performance for almost a decade. It managed to surge from 1.1200 to 1.1900 during July. However, economists from Danske Bank foresee the pair to retest 1.1200 again. Why did EUR/USD rise? Firstly, the better-than-expected EU ...
  • USD/CNH: falling down – FBS

    The pair has broken down two strong supports. What’s next? Fundamentals The US dollar is loosening against the Chinese yuan. There are some obvious reasons for that movement. The first reason is the weak US dollar as the USA is suffering from the record resurgence in new cases. Investors are questioning its future economic recovery. The second reason is that, unlike the USA, ...
  • Gilead rose after it priced remdesivir – FBS

    What happened? Gilead Sciences has priced this Monday its coronavirus-fighting drug – remdesivir. The price will depend on the buyer. For example, the US government will have to pay $2 340 for a 5-day course of the drug, US private insurance companies – $3 120. Also, they will significantly cut prices to nearly $500 for developing ...
  • Nasdaq: momentum is strongly upwards – FBS

    Nasdaq may reach new highs soon. Get ready with us! Fundamental outlook The coronavirus pandemic was devastating for service, tourism and hospitality industries. In opposite, it turned out beneficial for tech companies. The lockdown restrictions forced people to stay at home and binge-watch Netflix, order online home deliveries through Amazon and even work remotely and use cloud services and Microsoft’s Teams video-conferencing ...
  • How Lagarde’s speech will affect EUR? – FBS

    The ECB’s president Christine Lagarde warned about the complicated economic recovery. Bears got stronger. Summary of Lagarde’s report The head of the ECB claimed that “the recovery will be incomplete and may be transformational”. She emphasized that the return to pre-crisis levels is unlikely to happen soon. It will be especially hard for airline, hospitality and entertainment industries to ...
  • USD: doomsday looming? – FBS

    Below the surface Whenever there is a slightest wind blow in the economic environment, investors run for safety and end up with piles of the USD in hand. The world is used to perceive the US dollar as a universal safe haven and doesn’t seem to doubt the reliability of the American currency in this sense. ...
  • GBP: strategic considerations – FBS

    Rise and fall of empires Some 500 years ago, Spanish Empire used to be “the empire on which the sun never sets”. Gradually, it plunged into decline and passed its crown of the mightiest state in the world to the British Empire. Eventually, the latter also seized to exist, recognizing the freedom of its crown jewel, ...
  • EUR/USD: technical outlook – FBS

    Mid-term: fundamental The recent economic announcements bring brighter expectations to the European market. The ECB’s increase in the bond-buying program by 600bln Euro gives more reassurance that there will be a swifter recovery. The European stock market takes on a risk-on mood and marches ahead of the US stocks, indirectly adding positives vibes to the EUR. ...
  • Things to know to trade EUR – FBS

    The EUR has been climbing up over a week. Some investors expect a soon resistance, while others have only a bullish prospect. Here below you’ll find main factors that move EUR. ECB meeting on June 4 June 4 is the big day for EUR. The ECB’s head, Christine Lagarde, will make a rate statement and hold a ...