FXTM information and reviews
FXTM
93%
IronFX information and reviews
IronFX
92%
Libertex information and reviews
Libertex
91%
ETX Capital information and reviews
ETX Capital
90%
FxPro information and reviews
FxPro
88%
OctaFX information and reviews
OctaFX
86%
EUR/USD
1.1876
GBP/USD
1.3894
USD/JPY
109.2158
USD/CHF
0.905
USD/CAD
1.2509
EUR/JPY
129.7035

Forex Analysis for 3 August 2021


Forex fundamental analysis studies price movements and changes in the exchange rates in the macroeconomic aspect. This analysis is supposed to answer the main question of any trader: which currency pair is worth choosing to trade, particularly from the long-term prospect point of view. The biggest difference between fundamental forex analysis and technical forex analysis is that the first one is based on the following thesis: the prices on fx market are the reflection of supply & demand, which in their turn depend on the fundamental economy factors. Generally the aim of such analysis is to comprehend and estimate the overall state of the global economy as well as to analyze the economy of the country the financial instruments of which you plan to work with.

Yield meltdown boosts yen, RBA holds the line

Yen shines, stock markets erase gains as bond yields slide - Fed Governor Waller opens door for September tapering - RBA sticks to tightening plan despite lockdowns...

3 Aug 2021

USD consolidates at lows

USD up from 1-month lows (USDIndex 92.00 from 91.75 Friday) - Chinese & Asian stock markets rise, despite weak Chinese PMI & other Asian data...

2 Aug 2021

Dollar stabilizes, stocks recover ahead of busy week

Dollar trades quietly as traders brace for nonfarm payrolls week - Wall Street powers higher, oil takes a hit after soft Chinese PMI - ISM manufacturing index...

2 Aug 2021

Markets Cheer Dovish Fed, US Q2 GDP expands 6.5%

A sense of positivity is certainly in the air today thanks to dovish comments by the Federal Reserve overnight, the US Senate voting to move ahead on the $1.2...

30 Jul 2021

Stocks falter again, bruised dollar seeks to end losing streak

Market mood sours again as China crackdowns, mixed earnings and Delta fears all weigh; Dollar halts slide but struggles to regain positive footing...

30 Jul 2021

Why equity and FX traders simply need to watch the US bond market

When it comes to reducing/tapering the Fed's QE program, we ask will it be the September or December FOMC meeting or actually does it even matter which of the two?

29 Jul 2021

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XAU/USD fast approaching 200-DMA ahead of US GDP

Gold price has accelerated its advance and hits fresh weekly highs at $1819, closing in on the critical 200-Daily Moving Average (DMA) at $1821. The dovish Fed...

29 Jul 2021

Powell eases taper angst, dollar slips, China stocks stage rebound

Fed cites "progress" but still a ways to go; September taper decision seen less likely; Dollar hits 4-week low as easing China panic further adds to downside...

29 Jul 2021

China selloff steadies but Wall Street wobbles; dollar eyes Fed

China jitters spread to global equities but rebound may already be underway; US shares slip despite stellar earnings amid China and peak growth concerns...

28 Jul 2021

Trade of the Week: Social Media index set for fresh record highs?

The Social Media index has been on a tear, with prices now flirting with the 800 mark for the first time in its history!

28 Jul 2021

Gold: FOMC Meeting Will Clarify the Future

FOMC statement will be announced at 21:00 MT (GMT+3) on Wednesday, July 27. In the previous article, we have already mentioned the importance of this event...

27 Jul 2021

US equities shine ahead of Fed but caution prevails elsewhere

Wall Street rallies on strong earnings even as US Covid hospitalizations surge - Caution is the order of the day elsewhere as Delta and growth fears linger...

26 Jul 2021

Hot property goes cold: Foxton's stock down 4.5% today

Owning a property is one of those rites of passage in life. It is right up there with learning to drive or throwing away the 'mortar board' after completing a degree...

23 Jul 2021

Private (equity) goes public! Massive 21% rally as Bridgepoint shares hit the market

Private equity firms are more in vogue than ever before. They may not be the height of trendiness in terms of image, however the deluge of investments...

22 Jul 2021

Market stabilises after shocks

Most Asian markets are modestly in the green overnight after the rebound in stock markets Stateside. The S&P500 enjoyed its best day since March...

22 Jul 2021

Wall Street bounces back, dollar powers higher

Stock markets claw back losses as dip buyers return. Dollar cruises higher with a little help from recovering yields. But commodity currencies remain under pressure...

21 Jul 2021

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Growth worries torment stocks and oil

Economic slowdown concerns hit stocks, oil gets demolished - Commodity currencies struggle too, dollar and yen shine - But the panic could fade soon, as stimulus hopes return

20 Jul 2021

Safe-heaven instruments gained; gold's bulls are stuggling

EUR/USD stays pressured around 1.18 level at the beginning of the Asian session trading today, which is almost the lowest point since early April...

20 Jul 2021

Gold Daily: Bulls might rise to the challenge

The Gold market on the Daily time frame was in a downward spiral until 29 Jun, when a lower bottom was recorded at 1750.69. A closer look at the Momentum Oscillator...

19 Jul 2021

Sharp selloffs on European Open

Wall Street losses persisted through the Friday session, with the major indices all ending lower. Stocks got a brief boost from the stronger US retail sales data, though...

19 Jul 2021

Virus fears return to haunt markets

The sense of caution that dominated the bond market recently is now spreading over into stocks and currencies, leaving investors puzzled over what's behind all the gloom...

19 Jul 2021

XAU/USD bulls take a breather during the run-up to $1845

Gold (XAU/USD) prices print a four-day winning streak to poke the monthly high with $1,830, up 0.05% intraday, amid Friday's Asian session. The yellow metal...

16 Jul 2021

Dollar heads for weekly gains, only kiwi can keep up

The US dollar is eyeing a strong close to the week; can retail sales ruin its chances?; Other majors flounder, except for kiwi, as strong CPI reinforces RBNZ rate hike bets...

16 Jul 2021

Powell calms inflation nerves, dollar and yields dip but stocks unfazed

Fed Chair Jerome Powell sought to allay growing worries that the bout of higher inflation is here to stay and that stimulus would have to be dialled back...

15 Jul 2021

Tesla Stock Analytics 2021: To Buy or Not to Buy

Over the last year, Tesla capitalization has grown by more than 700%! However, when you see such explosive growth, you can't help but think about how irrational...

14 Jul 2021

Inflation grips Britain: Up 2.5% over last year

Information from the Office of National Statistics has shown that inflation, a huge bugbear which has raised its head over the past few months, is most certainly...

14 Jul 2021

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US CPI spikes again, dollar rallies; kiwi surges too after RBNZ ends QE

Annual inflation in the United States hit a fresh 13-year high of 5.4% in June, surpassing the top estimates and casting doubt on the Fed's narrative that this inflationary...

14 Jul 2021

Wall Street hits record before earnings kickoff, dollar holds firm

It's the start of the second quarter earnings season and optimism is running high that the reopening of the US economy will power corporate earnings to new peaks...

13 Jul 2021

Risk appetite runs into trouble again as virus cases trend higher

Worries that Delta variant is fuelling a new global surge in infections sap sentiment; Dollar halts decline, edges up, while stocks back under pressure...

12 Jul 2021

EURUSD has completed the ascending structure at 1.1860

After returning to 1.1825 and forming a new consolidation range around this level, EURUSD has completed the ascending structure at 1.1860. Possibly...

9 Jul 2021



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