The Forex Guide to Fundamentals

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The Japanese Yen may continue weakening versus the US Dollar if Japan reports a worse-than-expected GDP growth figure. Will USD/JPY remain on the path higher?

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Food prices in New Zealand jumped 4.5 percent on year in December, Statistics New Zealand said on Thursday - accelerating from the 4.0 percent gain in November.

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Brent Crude oil price is on secondary ranging below and near Ichimoku cloud waiting for the intra-day bearish trend to be continuing in case the price breaks 105.99 key level to below or the bullish reversal to be started in case the price breaks 113.86 to above.

• Crude prices continue to sway back and forth on news headlines
• How effective will OPEC + spare capacity prove to be if utilized?
• Oil prices remains susceptible to upside risks in the absence of additional output

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The stock price of Caterpillar has seen a rise of 19% over the last month, while it is up 7% YTD, outperforming the broader markets with the S&P 500 rising 5% over the last month, while it is down 5% YTD. The broader markets have seen increased volatility due to global geopolitical factors and...

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Revenues expected to be in line with the consensus estimates Trefis estimates Coca-Cola (NYSE: KO)’s Q1 2022 revenues to be around $9.9 billion, aligning with the consensus estimate.

The daily price is on strong primary bullish by testing resistance level at 67.00 for the bullish trend to be continuing. Alternatively, the price may be bounced from 67.00 and 65.57 levels to below for the ranging up to the secondary correction if 63.64 support level to be broken to below.

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The value of core machine orders in Japan was up 7.6 percent on year in March, the Cabinet Office said on Thursday - coming in at 869.5 billion yen.

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The Euro stabilized last week as the European Central Bank signaled that it would raise its main interest rate by July. The economic calendar offers few meaningful data releases; speeches by ECB President Christine Lagarde will garner the most attention.
The daily price is on ranging below and near Ichimoku cloud to be ready for the daily bullish reversal by breaking 1.0786 resistance to above or bearish market condition to be resumed in case the price crossed 1.0627 support level on close daily bar for example.

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The Canadian dollar has a big week ahead with Canadian inflation, a hawkish Fed and depressed crude oil prices dictating USD/CAD price action.

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USD/CAD will likely track the broader U.S. dollar trend in the coming days, which will undoubtedly be influenced by the August U.S. inflation report due for release on Tuesday.

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