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Forex Fundamental Analysis & Forecast by RoboForex

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  • Forex Fundamental Analysis & Forecast by RoboForex

    Forex Forecasts and Analysis" on our website.

  • #2
    EURUSD is waiting for what Powell has to say. Overview for 23.08.2019
    Forex Forecasts and Analysis" on our website.

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    • #3
      The Euro couldn't hold its positions. Overview for 27.08.2019
      Forex Forecasts and Analysis" on our website.

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      • #4
        The Euro is trying to find support. Overview for 29.08.2019
        Forex Forecasts and Analysis" on our website.

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        • #5
          The Euro reached the lowest levels over the last 36 months. Overview for 02.09.2019
          Forex Forecasts and Analysis" on our website.

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          • #6
            The Australian Dollar continues rising. Overview for 04.09.2019
            Forex Forecasts and Analysis" on our website.

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            • #7
              The Yen stopped plunging. Overview for 06.09.2019


              On Friday, USDJPY stopped its active growth; right now, it is starting to consolidate.

              The Japanese Yen is no longer weakening against the USD. As soon as global financial tensions reduced, demand for "safe haven" assets also went down and the yen got under pressure. Right now, market players are starting to adjust their positions and analyze what is happening. The current quote for the instrument is 106.99.

              The statistics published in the morning showed that the Average Cash Earnings lost 0.3% y/y in July after adding 0.4% y/y in the previous month and against the expected reading of +0.1% y/y. It's a bad signal, which means that the state of things in Japanese companies and enterprises are so shaky that they not only stop competing for workers but also reduce expenses on them.

              The Household Spending in Japan expanded by 0.8% y/y after adding 2.7% y/y in June and against the expected reading of +0.9% y/y.

              This indicator shows how the country's population spends their money and can be considered as an objective leading indicator of economic activity. So far, it remains positive, but there are signals that the current situation is rather unstable and mixed. It's not good news for the Yen.

              Forecasts for other instruments can be found in the section "Forex Forecasts and Analysis" on our website.

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              • #8
                The Aussie stopped rising. Overview for 10.09.2019
                Forex Forecasts and Analysis" on our website.

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                • #9
                  The Yen is surrendering. Overview for 12.09.2019
                  Forex Forecasts and Analysis" on our website.

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                  • #10
                    EURUSD will wait for decisions from the Fed. Overview for 16.09.2019
                    Forex Forecasts and Analysis" on our website.

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                    • #11
                      EURUSD is standing still in anticipation of the Fed's decisions. Overview for 18.09.2019
                      Forex Forecasts and Analysis" on our website.

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                      • #12
                        The Pound intends to rise. Overview for 20.09.2019
                        Forex Forecasts and Analysis" on our website.

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                        • #13
                          The Yen slowed down its recovery, but may resume it at any moment. Overview for 24.09.2019


                          On Tuesday morning, USDJPY stopped falling, but demand for the Yen may revive very soon.

                          After yesterday's recovery, the Japanese Yen is consolidating against the USD on Tuesday morning. The current quote for the instrument is 107.52.

                          In the morning, Japan reported on the Manufacturing PMI for September, which was only 48.9 points after being 49.3 points the month before and against the expected reading of 49.5 points. The last time the indicator surpassed 50 points, the level that separates optimists from pessimists, this May, but couldn't fix above it.

                          The key reasons for the current slowdown are the decline of the global economy and the expansion of trade tensions. Everything is very simple: the export-oriented Japanese economy can't operate at 100% with global trade wars around it.

                          The components of the report show that new order declined at a weaker pace with the export and import as well. All this proves that external factors are more significant than meets the eye.

                          The next meeting of the Bank of Japan is scheduled for October 31st, and the weak statistics may increase market expectations relating to the introduction of new stimulus measures.

                          Forecasts for other instruments can be found in the section "Forex Forecasts and Analysis" on our website.

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                          • #14
                            The USD strengthened significantly. Overview for 26.09.2019


                            On Thursday, the major currency pair remains under pressure after the statistics and talks about Trump's impeachment.

                            EURUSD is trying to recover on Thursday, but quite unsuccessfully so far. The current quote for the instrument is 1.0954.

                            Speculations of the US President Donald Trump's impeachment ahead that appeared yesterday resulted in the drawdown of all USD-related assets. Needless to say that under such circumstances the USD was doing great.

                            Another stressful factor was Trump's aggressive rhetoric against China because market players really counted on the quick resumption of trade talks between the parties, but it was in vain.

                            The statistics published by the USA yesterday were positive and provided additional support to the American currency. The New Home Sales went up to 713K in August after being 666K the month before and against the expected reading of 652K. Investors could have been more restrained in their response to the report, but the components showed that the sales of new single-family houses improved significantly, meaning that the real estate sector was reviving: people have no problems with creditworthiness, loans are available, and the economy is feeling fine. In this light, the USD is doing more than safely and happily.

                            Today, one should pay attention to the final report on the US GDP for the second quarter, which is highly expected to remain unchanged at 2%.

                            Forecasts for other instruments can be found in the section "Forex Forecasts and Analysis" on our website.

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                            • #15
                              The Australian Dollar is getting cheaper. Overview for 30.09.2019

                              AUDUSD is retreating under pressure of the strengthened "greenback"

                              The Australian Dollar is losing positions against the Usd early in the week. The current quote for the instrument is 0.6752.

                              The statistics published by China in the morning were mostly positive. The Caixin Manufacturing PMI rose to 51.4 points in September, which is much better than 50.4 points the month before. The Manufacturing PMI added 0.3 points this month, going from 49.5 points to 49.8 points. The Non-Manufacturing PMI dropped a little bit, from 53.8 points to 53.7 points.

                              Numbers from China are very important for Australia, because China is its key trade and economic partner.

                              The key highlight in the financial world right now is the non-resumption of US-China trade talks. While these two giant economies are dividing the world’s sales market, other participants of the global trade are suffering as well.

                              Tomorrow, the Reserve Bank of Australia is scheduled to have another meeting, where it is highly anticipated to cut the rate from 1.00% to 0.75%. in general, the Aussie is ready for this scenario, but may fall at the time of market emotions in response to the RBA's comments.

                              Forecasts for other instruments can be found in the section "Forex Forecasts and Analysis" on our website.

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