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Forex Fundamental Analysis
Forex Fundamental Analysis
The initial reading of UK first quarter economic activity suggested a sharp decline in the rate of expansion of the economy from the previous quarter.
Credit ratings agencies can be thought of as “bookies” to the financial investment community.
Donald Trump won the US election by taking the populist path, blaming “elites” and vested interests in the Washington “swamp” for all the ills that afflict the American economy and, perhaps, the American psyche.
Portugal was the third nation to need an IMF/Eurozone bailout loan during the worst of the Global Financial Crisis after Greece and Ireland.
Last week was a negative affair for the world’s major markets with only the FTSE gaining ground.
The above notwithstanding, the Japanese economy grew by 0.5% in Q1, giving an annualised growth rate of 2.2% which is the best growth seen for a year. To highlight the above (in part, at least), the current period of growth now represent the best sustained growth that Japan has experienced in over a decade.
Despite Mrs May’s protests during her electioneering yesterday that the Pound was falling before Brexit (depends on the time window that you consider, of course), the decision that the UK would be leaving the EU put a strong downwards momentum on Sterling.
A recession is defined as two consecutive quarters where the GDP of a nation falls. By this definition, the Greek economy fell back into recession in Q1 2017.
It seems likely that the current deal amongst Opec nations and some other key oil producing nations will be extended.
Last week was a mixed affair for the world’s major markets. The Dow ended the week down by 0.52% to close at 20897. The Nasdaq composite index was up by 0.34% over the course of the week at 6121.2.
The Bank of England has increased its projection for inflation for 2017 from 2.4%, predicted in February, to 2.7% currently.
If you ask the general public to name a group of universally despised people to be held to blame (quite unfairly) for all the ills of the world, the chances are that there’d be a shortlist of two: politicians and bankers.
The US is close to full employment, but because of population growth and immigration, the US economy must create a large number of jobs each month to stand still.
On Sunday, Emmanuel Macron was elected president of France taking a decisive victory over the far right Front National candidate Marine Le Pen by 66.1 to 33.9% of the valid votes cast.
All of the world’s major markets again made gains over the course of the week. Get the Forex week in review analysis here.