http://www.fxtimes.com Get your daily dose of Forex news from the expert analysts at FXTimes. Visitors will have access to the Forex Capsule, our interactive economic calendar, our video recaps, and up-to-date fundamental news releases and technical analysis commentaries. Sat, 04 Feb 2012 14:00:35 +0000 en hourly 1 http://wordpress.org/?v=3.1 http://www.fxtimes.com/fundamental-updates/3-implications-of-todays-nfp-a-breakdown-of-the-report/ http://www.fxtimes.com/fundamental-updates/3-implications-of-todays-nfp-a-breakdown-of-the-report/#comments Fri, 03 Feb 2012 15:47:56 +0000 Nick Nasad http://www.fxtimes.com/?p=66072 http://www.fxtimes.com/fundamental-updates/3-implications-of-todays-nfp-a-breakdown-of-the-report/feed/ 0 Today's non-farm payroll data came in very strong with an uptick in manufacturing hiring adding to robust gains in the services industries. This has strong implications for risk assets, and the prospects for the US economy as well as for global growth. The reaction was a strong gain in US equities, and very good performance by commodity currencies against the European higher yielders. The USD had a mixed reaction, declining against the AUD, NZD, and CAD, but strengthening against the EUR and GBP, and the JPY. http://www.fxtimes.com/fundamental-updates/preview-january-nfp-key-battleground-for-risk-sentiment/ http://www.fxtimes.com/fundamental-updates/preview-january-nfp-key-battleground-for-risk-sentiment/#comments Thu, 02 Feb 2012 16:36:25 +0000 Nick Nasad http://www.fxtimes.com/?p=66004 http://www.fxtimes.com/fundamental-updates/preview-january-nfp-key-battleground-for-risk-sentiment/feed/ 1 Key to end this week will be Friday’s non-farm payroll data. December’s 200K gain was a big boost to the idea that momentum in the US economy is maintaining, if not building on itself, even if temporarily. A better than expected reading can give risk sentiment a pop, benefiting “higher yielding” currencies at the expense of the US dollar and Japanese Yen. A disappointing figure would help risk aversion as any signs of slowdown in the US would increase concerns about the drag on the global economy. http://www.fxtimes.com/fundamental-updates/preview-canada-employment-change-will-usdcad-hold-below-parity/ http://www.fxtimes.com/fundamental-updates/preview-canada-employment-change-will-usdcad-hold-below-parity/#comments Thu, 02 Feb 2012 15:42:37 +0000 Nick Nasad http://www.fxtimes.com/?p=65980 http://www.fxtimes.com/fundamental-updates/preview-canada-employment-change-will-usdcad-hold-below-parity/feed/ 0 Canada's economy swooned in the 4th quarter with the economy shedding jobs in both October (-54K) and November (-19K). However, in December, there was a bounce back with 18K jobs gained in the economy, though that was still only the 2nd month out of the last 6 in which job growth was positive. The forecast for January is for another positive month, with 23.3K jobs expected to be added by the economy. http://www.fxtimes.com/fundamental-updates/eur-stunted-by-juncker-comments-final-greek-deal-elusive/ http://www.fxtimes.com/fundamental-updates/eur-stunted-by-juncker-comments-final-greek-deal-elusive/#comments Thu, 02 Feb 2012 13:34:10 +0000 Nick Nasad http://www.fxtimes.com/?p=65948 http://www.fxtimes.com/fundamental-updates/eur-stunted-by-juncker-comments-final-greek-deal-elusive/feed/ 0 Comments made by the Eurogroup's head Jean-Claude Juncker sent the EUR lower, as he said that the debt negotiations with Greece continue to be "ultra difficult" putting to rest some of the rumors swirling around this week that a deal may be forthcoming shortly. http://www.fxtimes.com/fundamental-updates/preview-australian-trade-and-building-permits-impact-on-audusd/ http://www.fxtimes.com/fundamental-updates/preview-australian-trade-and-building-permits-impact-on-audusd/#comments Wed, 01 Feb 2012 21:13:35 +0000 Nick Nasad http://www.fxtimes.com/?p=65894 http://www.fxtimes.com/fundamental-updates/preview-australian-trade-and-building-permits-impact-on-audusd/feed/ 0 Australia's terms of trade has been a major strength for the Australian Dollar. The trade balance and building approvals data will be an important catalyst for the direction the Aussie takes during the Asian session. A positive surprise would have a positive impact on Australian equities, and can help boost the value of the AUD, while a negative surprise could help undermine the recent Aussie gains against the USD. http://www.fxtimes.com/fundamental-updates/gbpusd-pushes-to-10-week-high-on-positive-uk-manufacturing-surprise/ http://www.fxtimes.com/fundamental-updates/gbpusd-pushes-to-10-week-high-on-positive-uk-manufacturing-surprise/#comments Wed, 01 Feb 2012 13:59:03 +0000 Nick Nasad http://www.fxtimes.com/?p=65865 http://www.fxtimes.com/fundamental-updates/gbpusd-pushes-to-10-week-high-on-positive-uk-manufacturing-surprise/feed/ 0 The UK manufacturing PMI posted a reading of 52.1 in January, much better than the forecast of an increase to 50.2 from 49.6 in December. Today's data makes it more likely that the BOE will not take the most aggressive approach, and while we anticipate more QE, the amount announced may be smaller than what we saw back in October, which should be supportive of the GBP. http://www.fxtimes.com/fundamental-updates/market-outlook-for-february-1-2012/ http://www.fxtimes.com/fundamental-updates/market-outlook-for-february-1-2012/#comments Wed, 01 Feb 2012 13:42:56 +0000 Mike Conlon http://www.forexnews.com/?p=150344 http://www.fxtimes.com/fundamental-updates/market-outlook-for-february-1-2012/feed/ 0 Recap of the Latest Global News By Cory Vi & Andrew Su on Feb 1, 2012 Yet again markets were gripped by ‘europhoria’ surrounding the latest EU summit and more announcements surrounding plans to save Europe. European Union leaders meeting in Brussels have agreed on a fiscal treaty that will allow for action against high... http://www.fxtimes.com/fundamental-updates/preview-chinas-jan-manufacturing-pmi-key-to-aud-sentiment/ http://www.fxtimes.com/fundamental-updates/preview-chinas-jan-manufacturing-pmi-key-to-aud-sentiment/#comments Tue, 31 Jan 2012 17:44:00 +0000 Nick Nasad http://www.fxtimes.com/?p=65795 http://www.fxtimes.com/fundamental-updates/preview-chinas-jan-manufacturing-pmi-key-to-aud-sentiment/feed/ 0 The Chinese government's official version for the Manufacturing PMI is expected to show a month of contraction in January - albiet very slight. The risk dynamics at play are fairly straightforward. A weaker than expected reading will hurt equities, commodities, and higher yielding commodity and growth sensitive currencies like the Australia, New Zealand, and Canadian Dollars - though the AUD in particular. We preview the release and look at the AUD/USD. http://www.fxtimes.com/fundamental-updates/usd-and-jpy-gain-on-poor-us-macro-data-manufacturing-housing-consumers/ http://www.fxtimes.com/fundamental-updates/usd-and-jpy-gain-on-poor-us-macro-data-manufacturing-housing-consumers/#comments Tue, 31 Jan 2012 15:47:12 +0000 Nick Nasad http://www.fxtimes.com/?p=65778 http://www.fxtimes.com/fundamental-updates/usd-and-jpy-gain-on-poor-us-macro-data-manufacturing-housing-consumers/feed/ 0 The mix of fundamental data from the US was not encouraging. The macro data pointed to continued falling house prices, a less robust increase in activity from the Chicago PMI, as well as less confident consumers. All 3 reports came in below expectations, and coincided with some negative headlines out of Europe in regards to the completion of Greek debt negotiations. http://www.fxtimes.com/fundamental-updates/gbp-crosses-to-be-sensitive-to-this-weeks-uk-data-stream/ http://www.fxtimes.com/fundamental-updates/gbp-crosses-to-be-sensitive-to-this-weeks-uk-data-stream/#comments Mon, 30 Jan 2012 18:32:10 +0000 Nick Nasad http://www.fxtimes.com/?p=65683 http://www.fxtimes.com/fundamental-updates/gbp-crosses-to-be-sensitive-to-this-weeks-uk-data-stream/feed/ 0 This week, 3 fundamental releases will give us a good idea of the UK's economic performance in January, as we look at the latest manufacturing, services, and construction PMI's. These releases can either improve the GBP's fortune as recent week have seen rising unemployment and a contraction in growth for the 4th quarter. A string of positive releases - and the most timely ones - will be important to the outlook and prospect for the Bank of England.