Fundamental Analysis

02.10.12 - IBTimes/FXTimes - Week in Review

By Nick Nasad | Feb 10

Bell FX Currency Outlook: The Australian dollar has had a relatively quiet trading session overnight, despite the political uncertainty created by Kevin Rudd's resignation as Foreign Minister late yesterday.

By Christine Gaylican | 23:18 GMT | IBTimes AU

USD/CAD Fundamental Analysis February 23, 2012, Forecast

The USD/CAD is currently trading 0.9994 on a stronger USD. Worries continue over Greece which were compounded by Fitch lowering Greece's credit rating today. Also sales of U.S. existing homes rose 4.3% in January and inventories fell to nearly seven-year lows, as lower prices, unusually warm weather and an improving economy all lifted demand. The price of Oil is up close to 106.

23:10 GMT | FXEmpire

USD/CHF Fundamental Analysis February 23, 2012, Forecast

The USD/CHF is swapping for 0.9103 down from earlier highs of 0.9138. The USD has been strong against its trading partners all day, losing ground slightly towards the end of the day. Housing data released today in the US was very positive for the economy, and investors continued to worry over Greece, as morning after regrets set in. Today Fitch also lowered Greece's credit rating.

22:39 GMT | FXEmpire

GBP/USD Fundamental Analysis February 23, 2012, Forecast

The GBP/USD is currently trading at 1.5678 down from 1.5814 on negative comments from the BoE King and positive economic data on housing sales in the US. Bank of England Governor Mervyn King said the BOE was expecting a "zigzag" pattern of the quarterly growth this year and the detailed forecasts underpinning the quarterly Inflation Report, published Wednesday, bear this out.

22:37 GMT | FXEmpire

EUR/USD Fundamental Analysis February 23, 2012, Forecast

The EUR/USD is trading at 1.3248 after hitting a high earlier in the day of 1.3267. The day has been mostly negative for the eurozone, with several below forecast indicators and a downgrade of Greece's credit rating. The euro still maintained strength to hold in the mid 1.32 level. It is expected to take a fall soon.

22:35 GMT | FXEmpire

Fundamental Update: The UK, QE and the pound

The Bank of England minutes from the February meeting were released on Wednesday and surprised the market because two members of the Committee (noted dove Adam Posen and David Miles) had voted to extend asset purchases by GBP75bn, more than the GBP50bn that the consensus wanted.

By Kathleen Brooks | 18:13 GMT | Forex.com

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

v EUR pares gains as concerns persist that Greece still will not meet the laundry list of requirements that must be met before the EU/ECB/IMF releases the nation's second bailout; v USD relatively flat as "safe-haven" demand is largely offset by a weaker existing home sales report; ...

18:06 GMT | Union Bank of California

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