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Introduction To Fundamental Analysis
By John Sanderson, Thu Dec 8th
FOREX traders almost always rely on analysis to make plan theirtrading strategies. There are two basic types of FOREX analysis– technical and fundamental. This article will look atfundamental analysis and how it used in FOREX trading. Fundamental analysis refers to political and economic conditionsthat may affect prices. FOREX traders using fundamentalanalysis rely on news reports to gather information aboutunemployment rates, economic policies, inflation, and growthrates. Fundamental analysis is often used to get an overview ofcurrency movements and to provide a broad picture of economicconditions affecting a specific currency. Most traders rely ontechnical analysis for plotting entry and exit points into themarket and supplement their findings with fundamental analysis.
Currency prices on the FOREX are affected by the forces ofsupply and demand, which in turn are affected by economicconditions. The two most important economic factors affectingsupply and demand are interest rates and the strength of theeconomy. The strength of the economy is affected by the GrossDomestic Product (GDP), foreign investment and trade balance. Indicators Various indicators are released by government and academicsources. They are reliable measures of economic health and arefollowed by all sectors of the investment market. Indicators areusually released on a monthly basis but some are released weekly. Two of the most important fundamental indicators are interestrates and international trade. Other indicators include theConsumer Price Index (CPI), Durable Goods Orders, Producer PriceIndex (PPI), Purchasing Manager's Index (PMI), and retail sales. Interest Rates - can have either a strengthening or weakeningeffect on a particular currency. On the one
Businesses Benefit As Canadian Dollar Gains Strength Against The US Dollar
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<a href="http://www.9and10news.com/Category/Story/?id=212646&cID=1" style="font-size:1.2em">Businesses Benefit As Canadian Dollar Gains Strength Against The US Dollar</a>
<br> <span style="color:#888888;">9&10 News</span> - <span style="white-space:nowrap">23 minutes ago </span>
<div style="width:80%;">As the strength of the Canadian dollar gains on the US dollar, businesses in Sault Ste. Marie, Michigan are noticing a positive impact. When the Canadian dollar is higher, more Canadians tend to ...</div>
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New contract high for the Canadian Dollar
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<a href="http://www.forexhound.com/article/Fundamentals/Daily_Reports/New_contract_high_for_the_Canadian_Dollar/190797" style="font-size:1.2em">New contract high for the Canadian Dollar</a>
<br> <span style="color:#888888;">Forex Hound</span> - <span style="white-space:nowrap">2 hours ago </span>
<div style="width:80%;">CURRENCIES: 03/11/10 Higher closes yesterday for the Aussie Dollar, Euro Fx and Swiss Franc while lower for the Canadian Dollar, Japanese Yen, British Pound and dollar index. The euro and franc ...</div>
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Targeting the Canadian Dollar Today
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<a href="http://www.fxstreet.com/fundamental/market-view/currency-currents/2010-03-11.html" style="font-size:1.2em">Targeting the Canadian Dollar Today</a>
<br> <span style="color:#888888;">FXstreet.com The Forex Market</span> - <span style="white-space:nowrap">7 hours ago </span>
<div style="width:80%;">by John Ross Crooks III ? LONDON, March 11 (Reuters) - Britons' expectations for inflation over the next 12 months rose slightly to 2.5 percent in February from 2.4 percent in November, a ...</div>
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Canadian Dollar Forecast to Remain Volatile Against USD
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<a href="http://www.dailyfx.com/forex/technical/ssi/usd-cad/2010-03-11-1554-Canadian_Dollar_Forecast_to_Remain.html" style="font-size:1.2em">Canadian Dollar Forecast to Remain Volatile Against USD</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">7 hours ago </span>
<div style="width:80%;">USDCAD ? Dramatic declines in the US Dollar/Canadian Dollar pair has led our Speculative Sentiment Index to its biggest extremes since October, 2007?underlining the level of extreme sentiment on ...</div>
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Canadian Dollar Needs A Stronger Push To Break Through The Buck (FXC)
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<a href="http://www.benzinga.com/forex/168845/canadian-dollar-needs-a-stronger-push-to-break-through-the-buck-fxc" style="font-size:1.2em">Canadian Dollar Needs A Stronger Push To Break Through The Buck (FXC)</a>
<br> <span style="color:#888888;">Benzinga</span> - <span style="white-space:nowrap">8 hours ago </span>
<div style="width:80%;">Canada reported a larger than expected trade surplus earlier today. At C$0.8 bln, it was four times larger than expected and the December figures were revised to show a C$0.1 bln surplus instead ...</div>
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Higher-Yielding Currencies Mounting Comeback
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<a href="http://www.istockanalyst.com/mobile/viewarticle.aspx?articleid=3938626" style="font-size:1.2em">Higher-Yielding Currencies Mounting Comeback</a>
<br> <span style="color:#888888;">istockAnalyst.com</span> - <span style="white-space:nowrap">9 hours ago </span>
<div style="width:80%;">China's consumer-price index spiked higher in February, leading to speculation that its central bank will raise interest rates to curb economic growth. The inflation report showed an acceleration ...</div>
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USD Firm against EUR; Declining vs. AUD and CAD
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<a href="http://www.forexyard.com/en/market-analysis/usd/usd_firm_against_eur;_declining_vs_aud_and_cad-2010-03-10" style="font-size:1.2em">USD Firm against EUR; Declining vs. AUD and CAD</a>
<br> <span style="color:#888888;">Forexyard</span> - <span style="white-space:nowrap">17 hours ago </span>
<div style="width:80%;">The US Dollar remained strong against the Pound and the Euro yesterday. Credit downgrade warnings by rating agencies regarding some European countries such as Greece, Portugal and the UK continued ...</div>
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Canadian Dollar Rises for Ninth Straight Day on Growth Outlook
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<a href="http://www.businessweek.com/news/2010-03-10/canada-dollar-trades-at-almost-two-month-high-as-oil-nears-82.html" style="font-size:1.2em">Canadian Dollar Rises for Ninth Straight Day on Growth Outlook</a>
<br> <span style="color:#888888;">BusinessWeek</span> - <span style="white-space:nowrap">Mar 10, 2010 </span>
<div style="width:80%;">By Allison Bennett and Chris Fournier March 10 (Bloomberg) -- The Canadian dollar rose for a ninth day against its US counterpart, the longest streak in five and a half years, as investors bet the ...</div>
<a href="http://macedoniaonline.eu/content/view/13017/61/">Canadian Dollar set to beat US Dollar</a> - <span style="color:#888888">MINA</span><br>
<a href="http://www.rttnews.com/Content/CurrencyMarket.aspx?Node=b3&Id=1237914">Canadian Dollar Weakens Against Majors After Economic Reports</a> - <span style="color:#888888">RTT News</span><br>
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Canadian Dollar Declines Against Yen
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<a href="http://www.rttnews.com/ArticleView.aspx?Id=1235627&SMap=1" style="font-size:1.2em">Canadian Dollar Declines Against Yen</a>
<br> <span style="color:#888888;">RTT News</span> - <span style="white-space:nowrap">Mar 10, 2010 </span>
<div style="width:80%;">(RTTNews) - The Canadian dollar edged lower against the Japanese yen on Wednesday's early trading, mainly due to across the board rallying of the latter. The loonie-yen pair declined to 87.46 ...</div>
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Neutral on the Yen, but turning Bullish on the Aussie $
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<a href="http://www.forexhound.com/article/Fundamentals/Daily_Reports/Neutral_on_the_Yen_but_turning_Bullish_on_the_Aussie/190110" style="font-size:1.2em">Neutral on the Yen, but turning Bullish on the Aussie $</a>
<br> <span style="color:#888888;">Forex Hound</span> - <span style="white-space:nowrap">Mar 9, 2010 </span>
<div style="width:80%;">CURRENCIES: 03/09/10 Higher closes yesterday for the Canadian and Aussie Dollar along with the Japanese Yen, Euro Fx and Swiss Franc while lower for the British Pound and dollar index. The euro ...</div>
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hand, high interestrates attract foreign investment which will strengthen the localcurrency. On the other hand, stock market investors often reactto interest rate increases by selling off their holdings in thebelief that higher borrowing costs will adversely affect manycompanies. Stock investors may sell off their holdings causing adownturn in the stock market and the national economy. Determining which of these two effects will predominate dependson many complex factors, but there is usually a consensusamongst economic observers of how particular interest ratechanges will affect the economy and the price of a currency. International Trade – Trade balance which shows a deficit (moreimports than exports) is usually an unfavourable indicator.Deficit trade balances means that money is flowing out of thecountry to purchase foreign-made goods and this may have adevaluing effect on the currency. Usually, however, marketexpectations dictate whether a deficit trade balance isunfavourable or not. If a county habitually operates with adeficit trade balance this has already been factored into theprice of its currency. Trade deficits will only affect currencyprices when they are more than market expectations. Other indicators include the CPI – a measurement of the cost ofliving, and the PPI – a measurement of the cost of producinggoods. The GDP measures the value of all goods and serviceswithin a country, while the M2 Money Supply measures the totalamount of all currency. There are 28 major indicators used in the United States.Indicators have strong effects on financial markets so FOREXtraders should be aware of them when preparing strategies.Up-to-date information is available on many websites and manyFOREX brokers supply this information as part of their tradingservice. About the author:This article provided courtesy of http://www.about-forex.net
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<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Mar 10, 2010 </span>
<div style="width:80%;">Forex options risk reversals show distinct risk that the US Dollar may slip further against the Euro, Australian Dollar and New Zealand Dollar through short-term trade. Indeed, traders have begun ...</div>
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ETF Securities Expands Europe's First And World's Largest Exchange Traded Currency Platform With The Launch Of 10 New Euro-Based Currency ETCs On Xetra
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<br> <span style="color:#888888;">Exchange News Direct</span> - <span style="white-space:nowrap">Mar 10, 2010 </span>
<div style="width:80%;">ETF Securities (ETFS), the global pioneer in Exchange Traded Commodities (Commodity ETCs) and 3rd generation Exchange Traded Funds (ETFs) has expanded the world's largest and Europe's first ...</div>
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Euro lower at $1.3550 in European morning trade
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<a href="http://moneycentral.msn.com/inc/news/providerredir.asp?feed=AP&date=20100310&id=11223762" style="font-size:1.2em">Euro lower at $1.3550 in European morning trade</a>
<br> <span style="color:#888888;">MSN Money</span> - <span style="white-space:nowrap">Mar 10, 2010 </span>
<div style="width:80%;">FRANKFURT (AP) - The euro is lower against the dollar amid ongoing concerns about Greece's finances and the strength of the eurozone economy. The 16-nation euro bought $1.3550 in European morning ...</div>
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<a href="http://www.reuters.com/article/idUSLDE62A1FK20100311" style="color:#009900">Reuters</a>
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<br> <span style="color:#888888;">BusinessWeek</span> - <span style="white-space:nowrap">Mar 10, 2010 </span>
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Short for "Foreign Exchange". Refers generally to the Foreign Exchange trading industry and/or to the currencies themselves.
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