Forex Fundamental Analysis

The Dollar briefly traded above the 84 Yen mark today, before falling back, but it is still trading at an 11 month high against the Yen. Get the full analysis here.

You’d have thought that if the world’s political classes had learned a single thing from the global financial crisis it would be that sovereign debt must be paid down.

In what might be the first move towards greater accessibility to the Yuan from foreign countries, China has agreed to let Japan invest $10 billion in its government bonds. Get the full fundamental analysis here.

See last week's trading activities in perspective from this fundamental analysis by one of our experts at DailyForex.com!

The US Fed and the BoJ hold monetary policy meetings on Wednesday - both are expected to keep their level of interest rates unchanged at 0-0.25% and 0.1%, respectively.

The EU/IMF drew a line in the sand requiring that Greece should secure the backing of its creditors for a debt swap

The second IMF/EU bailout package for Greece is worth €130 billion and unless it is given final approval promptly, there is no doubt that Greece is heading for a disorderly default.

With a GDP of roughly $1.6 trillion, Australia ranks as the world’s 19th largest economy. Australia was the only major economy not to fall into recession during the global financial crisis and one of the first to increase central bank interest rates once the worst of the economic storm had passed.

The function of the International Atomic Energy Agency (amongst other things) is to ensure that countries which have signed up to the nuclear non-proliferation treaty honour their obligations and do not divert any material from civil programmes to a clandestine nuclear weapons programme.

See last week's trading activities in perspective from this fundamental analysis by one of our experts at DailyForex.com!

The Eurozone set an unfortunate new record for unemployment within the 17 member bock in January. 10.7% of the workforce found themselves without a job in January; an increase over the December figure by 0.1% - the original December figure of 10.4% having been revised upwards to 10.6%.

Preliminary estimates of the US economy put growth in Q4 2011 at 2.8%, however, this figure has now been revised upwards to 3% suggesting that the economy is doing a little better than had been appreciated.

The Eurozone finance ministers gave their approval to a further €130 billion package to prevent Greece from a disorderly default last week, but the deal required approval from the parliaments of the Netherlands and Germany to go ahead, in addition to moves by the Greeks themselves.

Hungary is a member state of the European Union, but it has yet to join the Eurozone, and its currency, the Forint (HUF) rises and falls on the whim of the markets.

Technical forex trading is all about looking for trends in the data (usually with short time bases of minutes to hours) with the aid of a large toolbox of computer models and algorithms which will let a trader predict the near term future with a high enough degree of certainty that a particular position can be taken (of course, sceptics call this guessing!).