Fundamental Analysis

Thu, 29 Jun 2023 13:09:08 GMT

US GDP surprises markets

The United States Bureau of Economic Analysis has published the US Final quarter on quarter Gross Domestic Product data. The markets expected US economy to have grown in the first quarter of the year by 1.4%. Instead of the expected, the economy has been reportedly increased by 2.0%. The higher GDP data signals that the US economy remains strong and

Thu, 29 Jun 2023 11:20:56 GMT

Update to surge of USD/TRY

It was previously reported that the Turkish Lira reached a record low of 20.0750 on May 29. Since the publication of the report, the USD/TRY surge has gained additional 6.10 or 30.56%.Prior fundamental reasoning for the already occurred surge can be read below. The drop of the currency was caused by the re-election of Recep Rayyip Erdogan as the country's

Mon, 29 May 2023 11:13:27 GMT

Lira hits record low level

The Turkish Lira has reached a record low level against peer currencies. The USD/TRY traded above 20.0750 during mid-European hours. The drop of the currency was caused by the re-election of Recep Rayyip Erdogan as the country's President. Erdogan has extended his rule in Turkey for a third decade. In general, the re-election of the current head of state

Fri, 26 May 2023 12:42:12 GMT

US publishes higher PCE inflation

The US Bureau of Economic Analysis has just published its monthly Core PCE Price Index. The index was expected to reveal personal consumption expenditures to have increased by 0.3%. The actual increase has been revealed to be 0.4%. The data was already expected to confirm that the US Federal Reserve was not managing in decreasing price inflation in the United

Thu, 25 May 2023 12:35:18 GMT

United States publish GDP data

The United States Bureau of Economic Analysis has published the US quarterly Preliminary GDP data. GDP was expected to have increased by 1.1%. The actual number has been revealed to be 1.3%. The news strengthened the USD. In the current macroeconomic environment positive GDP data indicates that the US Federal Reserve is set to continue to hike interest rates and

Wed, 24 May 2023 07:15:43 GMT

RBNZ ends monetary tightening

The Reserve Bank of New Zealand has unexpectedly revealed that it would end its monetary tightening cycle. This morning, the central bank hiked its rate from 5.25% up to 5.50% and announced that it is the last hike. As a result of the unexpected monetary policy change the New Zealand Dollar's value plummeted. By 07:00 GMT the NZD/USD had declined

Thu, 11 May 2023 11:11:08 GMT

Bank of England hikes rates

The BoE has just increased its Official Bank Rate from 4.25% up to 4.50%. The central bank has decided to hike only 0.25%, despite annual inflation in the United Kingdom once again being above 10.00% mark. The bank reports that seven members of the nine member committee voted for a rate hike. Meanwhile, two members wanted to keep the rate

Wed, 10 May 2023 13:21:40 GMT

United States publish inflation data

The United States Bureau of Labor Statistics has just published the monthly inflation data sets. The release consists of US Consumer Price index m/m, Consumer Price Index y/y and Core Consumer Price Index m/m changes in percent. The markets had already priced in inflation and market consensus forecasts were compiled. Due to this reason, the US Dollar value adjusts

Wed, 10 May 2023 08:55:51 GMT

Markets wait for incoming CPI

Today, the US Consumer Price Index data release at 12:30 GMT is set to impact the financial markets. Market participants are about to look at whether the inflation data sets will show a decline in the pace of price increases in the United States or a decrease. In general, higher than expected inflation is expected to pressure the US Federal Reserve

Wed, 03 May 2023 18:45:06 GMT

United States Federal Reserve hikes rates

The US Fed has just increased its Federal Funds Rate from 5.00% up to 5.25%. The markets expected a 0.25% increase. The markets reacted to the news with an initial decline of the value of the US Dollar against other financial assets. Following the rate release, the head of the Federal Reserve Jerome Powell spoke at a press conference at

Tue, 02 May 2023 10:31:10 GMT

Australia hikes interest rates

The markets expected that the Reserve Bank of Australia would not increase its official Cash Rate. Namely, the interest rate was expected by most to remain at 3.60%. Instead, this morning at 04:30 GMT, the RBA hiked the interest rate by 0.25%. The current rate is at 3.85%, which is the highest level since 2012. Moreover, the central bank

Mon, 01 May 2023 13:42:56 GMT

Markets wait for central banks

This week, the top event of the week will be the announcement of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The Fed is expected to hike its base interest rate from 5.00% up to 5.25%. A larger increase or no increase at all would cause a sharp adjustment of the value of the US Dollar. Subsequently

Thu, 27 Apr 2023 12:35:50 GMT

United States publish GDP data

The United States Bureau of Economic Analysis has just published the country's quarterly Advance GDP data. The markets expected that the GDP would have increased by 2.0% during the quarter. The data came in below expectations, as GDP had increased by 1.1%. The lower data confirms views of an upcoming recession. A potential recession would cause a run to

Wed, 19 Apr 2023 08:56:14 GMT

GBP/USD reacts to UK inflation

The latest United Kingdom Consumer Price Index has been revealed to be at 10.1%, compared to the forecast of 9.8%. The data indicates that inflation remains persistent. On the GBP/USD charts the event resulted in an increased volatility, as the markets took in the news

Fri, 14 Apr 2023 12:55:49 GMT

US Retail Sales boost USD

The US Dollar has just spiked nearly 0.40% against peer currencies due to the publication of worse than expected US monthly Retail Sales data. US Retails Sales declined by 1.0% instead of the expected 0.4% and Core Retail Sales have decreased by 0.8% compared to the forecast -0.4%.

Wed, 12 Apr 2023 12:57:29 GMT

United States publish inflation data

The US Bureau of Labor Statistics has just published the monthly Consumer Price Index data sets. Consumer Price Index month on month, which was expected to be at 0.2%, is actually 0.1%, Consumer Price Index year on year, which was expected to be at 5.1%, is actually 5.0% Core Consumer Price Index month on month, which was expected to be at

Fri, 31 Mar 2023 12:46:59 GMT

US Core PCE Inflation impacts markets

At 12:30 GMT, the US Bureau of Economic Analysis released the United States Core Personal Consumption Expenditures. The market consensus was that the price would have increased by 0.4% on a month on month basis. However, the number was revealed to be 0.3%. The release caused an immediate sharp drop of the value of the US Dollar against other financial

Thu, 23 Mar 2023 12:12:55 GMT

Bank of England hikes Official Bank Rate

The Bank of England has once again hiked its base interest rate. Official Bank Rate has been increased from 4.00% up to 4.25%, as the market expected. In the meantime, note that seven out of the nine BOE Monetary Policy Committee members voted for the 0.25% rate hike. Two members voted to keep interest rates intact.

Thu, 23 Mar 2023 10:20:38 GMT

Swiss Franc strengthens due to SNB

The Swiss National Bank has hiked its SNB Policy Rate from 1.00% up to 1.50%. The central bank has hiked interest rates despite the ongoing turmoil in the country's banking sector. As a result of the rate hike the Swiss Franc immediately gained value against peer currencies. The SNB hike caused a 0.46% percent decline. The combined actions by

Wed, 22 Mar 2023 18:18:21 GMT

US Federal Reserve hikes interest rate

The United States Federal Reserve Federal Open Markets Committee has just increased the Federal Funds Rate from 4.75% up to 5.00%. The market consensus was that the Fed would hike 0.25%.

Tue, 14 Mar 2023 15:48:45 GMT

US CPI causes volatility

Fri, 03 Feb 2023 13:40:31 GMT

United States publish employment data

The US Bureau of Labor Statistics has just published the US monthly employment data. The data sets have revealed. Major increases in employment numbers, but no changes in salaries. The Average Hourly Earnings were expected to increase by 0.3% and hit the forecast. Non-Farm Employment Change forecast was 193,000, but turned out to be at 517,000. The Unemployment Rate was

Thu, 02 Feb 2023 13:22:54 GMT

European Central Bank hikes Main Refinancing Rate

The European Central Bank has just increased its Main Refinancing Rate from 2.50% up to 3.00%. In addition, the central bank has published its Monetary Policy Statement. Note that the management of the ECB is set to host a Press Conference at 13:45 GMT. The journalist question and answer section usually create major Euro volatility.

Thu, 02 Feb 2023 12:40:53 GMT

Bank of England hikes Official Bank Rate

The Bank of England has increased its Official Bank Rate from 3.50% up to 4.00%. The members of the Monetary Policy Committee voted as follows. Seven cast votes for a rate hike and two voted for keeping rates unchanged. In addition, the bank has published its Monetary Policy Summary and Monetary Policy Report. The increase and voting numbers were expected

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