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Forex Fundamental Analysis
Forex Fundamental Analysis
Brexit Britain, from an economic point of view, is a little like the story of the Boy Who Cried Wolf in as much as the nigh apocalyptic economic consequences of a vote to leave the world’s largest trading bloc have not come to pass (yet).
Last week was a largely positive affair for the world’s major markets with all the major indices advancing except for the Nikkei.
On the same day that the French Senate issued a cross party report that insists that the UK cannot be granted a better deal as an ex-EU state than it currently enjoys, the European Parliament has approved Ceta.
The long-term historic average interest rate at the US Federal Reserve is 5.81%, based on data recorded between 1971 and 2017.
The Euro peaked in 2008 against the US Dollar at slightly less than $1.6, but it has fallen steadily since early 2014 from $1.4 to stand at about $1.06 today
Brexit means Brexit, of course. The UK will become a world leader of free trade deals; all will be sweetness and light, no really… As the old joke has it “The meek will inherit the earth – if the rest of you don’t mind, that is!”
Last week was a positive affair for the world’s major markets with all the major indices either standing still or advancing.
The idea that the UK might become a low tax economy to attract major corporations to Europe’s largest offshore island is repugnant to many British people, but it is perhaps what Theresa May considers as her “hole card” in the game of Brexit poker that she is about to play with the EU.
The Commons voted to allow the British Prime Minister the right to invoke article 50 of the Treaty of Lisbon last night.
The UK Supreme Court determined that Mrs May could not invoke Royal Prerogative as the authority needed to send notification to the EU that the UK intends to withdraw from the EU as outlined in Article 50 of the Lisbon Treaty.
It must be pointed out that employment is a lagging indicator of the economic cycle and, in any case, it is too soon to determine if the embryonic economic policies of President Trump will create or destroy jobs in the US economy.
Last week was another mixed affair for the world’s major markets. The Dow ended the week down by 0.11% to close at 20071. The Nasdaq composite index was up by 0.11% over the course of the week at 5666.8.
In life, one is faced with a myriad of choices which can sometimes seem to be overwhelming, but in the end a single choice emerges.
In its first meeting since Donald Trump became president of the USA, the Federal Reserve has left interest rates unchanged.
There rightly was significant public anger directed towards the banks and their “creative” business practices that led directly to the Global Financial Crisis.