On this week, i am gonna make a summary of 5 currency mover instead of giving a prediction. If we look detail information especially for fundamental factors, some of indicators that give big influence for currency moving whether are below:
- Retail sales m/m for NZD was going down from previous (1.2%) to actual (-1.1%)
- Prelim GDP q/q for JPY was also down from previous (0.8%) to actual (-0.3%)
- Home Loans m/m for AUD was better than forecast which up about 2.1% (actual)
- German prelim GDP q/q dropped from previous (0.7%) to actual (0.4%)
- CPI for GBP increased slightly from 3.7% to 4%
- German ZEW economic sentiment dropped from forecast 20.1% to actual 15.7%
- Claimant Count Change still bad about 2.4K
- Current Account for EUR dropped from previous -10.5B to actual -13.3B
- Retail Sales m/m for GBP showed good result from previous (-1.4%) to actual (1.9%)
- GBP/USD was increasing from 1.6064 to 1.6244 about 220 point
- EUR/USD raised from 1.3506 to 1.3683 point, it was about 183 point
- AUD/USD from 1.0006 to 1.0142 point, raised about 144 point
- USD/JPY for this currency, the difference was just a bit from 83.45 to 83.10 point
- USD/CHF had showed good currency from 0.9739 to 0.9455 point, the gap was about 300 point
In conclusion, the fundamental analysis is taking a big part of making a right decision instead of technical analysis. By combining two analysis, i hope that the decision maker can take in a right moment to buy or sell currency.
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