Forexnews' proprietary research and analysis quantifies the key trends in international economics and finance, highlighting their relevant impact on currencies. The research combines fundamental insights with statistical analysis and mathematical properties, offering you a sophisticated understanding of the foreign exchange market.

Forex Trading Guides - Forex guides help to understand the essential fundamentals and practical factors impacting key forex rates. The guides identify pertinent officials, institutions and economic indicators most likely to move the FOREX market.

FX-Equity Correlations - The relationship between equity indices and currencies has received great scrutiny from currency analysts and traders. This study explores correlations between selected currency pairs and stock averages over the 1998-2000 period.

Global Equities in Tandem - During the first half of the 1990s, geographical diversification made sense as world markets diverged, impacted by their own distinct economic and political forces. But with the surge in cross-border capital flows, world markets have become more sensitive to one another, and so have levels of economic growth. The following is the evolution in interrelationships among the major global markets during the 1990s and into 2000.

U.S. Treasury and the Dollar - Past history indicates a relationship between the background of the US Treasury Secretary and the direction of the US dollar. Treasury chiefs who spent a considerable part of their carreer in the private sector, particularly in banking an finance, have led through a weak dollar period.

ECB Interventions - Will they or will they not? This has been the contentious issue, regarding whether the European Central Bank would intervene to support its currency. As the euro continued to hit all time lows in late Summer 2000, intervention specualtion became the burning issue. Guessing, or predicting when the ECB will intervene to save its currency remains an inevitable endeavor in currency markets. Here's a look at where and when the ECB stepped in.

EUR/GBP, GBP/USD Correlations - The continuously high positive correlation between the movements of the EUR/USD and GBP/USD exchange rates has instilled an element of stability between the two rates, adding an essential variable in forecasting movements of the sterling derived from developments in the euro. Here's a closer look at this relation, why it happens and whether it will sustain itself.

The US Dollar: Before and After the Crisis - 40 days after the September 11 attacks on the World Trade Center and the Pentagon, the US dollar has not only regained all of the losses it incurred against the Japanese yen, euro and pound sterling, but also converted those losses into gains. Against the Swiss franc, however, the dollar has broken even. While this suggests the Swiss franc to be the more effective safe haven currency, the US dollar is still the favorite among the other 3 currencies. Despite the unfolding Anthrax/terrorist uncertainty, the US Dollar Index is just 4% below its 15-year high.

2002: Euro Deja Vu? - During its 3-year history of brief rallies, the euro has proven to be no leader, but a follower of weak leaders. Time and again, sterling strength and yen weakness were key drivers in the EUR/USD rally, rather than strength in the euro itself.

2001 in Review - An account of the most significant moves in the three major currency pairs during 2001. Each of the price moves are charted on the graph and explained below.

The Swiss National Bank and the franc - Amid the main factors distinguishing the Swiss franc from other hard currencies, is its lasting tendency to serve as a safe haven asset, representing the currency of small, albeit open economy. This research assesses the role of the franc in today's fx markets, while shedding light on the part of the Swiss National Bank.

Yen: Between Repatriation and Depreciation - In March 2002, Japan's currency was caught up between 2 opposing forces; deteriorating deflationary pressures weighing on the downside; and prospects of repatriation by Japanese investors boosting it towards the upside. Which force will likely prevail?

EUR & CHF: Correlations in Cash and Futures - Currency markets continue to witness the highly negative correlations between the EUR/USD and USD/CHF exchange rates (one goes up, the other nearly always goes down and vice versa). A product of the dollar’s similar rate of change vis-a-vis the euro and the Swiss franc, this relation has continued to hold much before and after the September 11 attacks, when the Swiss franc’s safe haven status was firmly re-established.

Annual Rendez-vous with Japanese Repatriation - In August and September, Japanese institutions usually begin repatriating funds ahead of the half-year book closings on September 30, thereby giving an impetus to the yen. As the end of summer 2002 looms, currency traders are wary of another wave of yen buying. This year, repatriation of foreign-based assets becomes especially prominent when poor performance at home is exasperated by the deteriorating values of stocks, compelling Japanese investors to sell foreign assets to offset domestic losses.

U.S. Treasury and the Dollar (Revisited) - Now that the US Treasury has seen two Secretaries emerging from manufacturing during the Bush administration, the relationship between dollar strength (weakness) and the background of Treasury Secretaries has been reinforced further.

USD/JPY Pattern in Q3-Q4 - Since, the dollar/yen exchange rate has outperformed in the third quarter of the year (Oct-Dec) relative to the third quarter (Jul-Sep). The exception has been during October 1998 and 2002, when the dollar posted its largest one-day falls against the yen in nearly 30 years due to massive repatriation of yen carry trades positions, and due to dollar jitters ahead of the war in Iraq.

Do Deficits Matter? - The widening deficits in the US current account and fiscal budget have largely been to blame for the falling dollar. In aggregate terms, these imbalances have amounted to nearly 10% of GDP. Despite this record accumulation of debt, the US economy is still averting crisis. When is the tipping point?