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Forex Fundamental Analysis
Forex Fundamental Analysis
When we talk about the euro, we usually don’t consider the United Kingdom as a dominant presence in the discussion. After all, despite being a member of the Eurozone group, London has opted to keep the Pound Sterling as her local currency.
Last week saw all of the major markets close lower. Get the fundamental weekly analysis for the currency and commodity pairs for the week of July 27, 2015 here.
Prior to the fall of the outgoing government, the IMF and the Eurozone were on the cusp of disbursing the final tranche of €7.7 billion under the second bailout.
The RBNZ made their second interest rate cut for 2015 on July 23, decreasing the official cash rate to 3%.
The Obama administration reestablished diplomatic relations with Cuba in December 2014. Less than a month later, it put new rules into place for easing travel and trade restrictions with the island’s Communist government.
It is widely expected that the Federal Reserve will increase interest rates in September (but imminent increases have been touted at every turn for more than a year now, so proceed with caution!).
On the 5th of July, the Greek people voted 5 to 3 in favour of rejecting an EU bailout agreement linked to further economic reforms.
Hot on the tail of rejecting a bailout at a referendum, the Greek government has asked for a third bailout with tougher conditions attached than the deal on offer and got agreement through parliament.
The Bitcoin is one of several crypto currencies being used throughout the world. Its popularity has been questioned since its introduction just 18 months ago and its price has zoomed up as high as $1000 and fallen as low as $250. Has it now become another safe haven currency to be used during financial upheavals across the globe?
The volatility in China’s markets is having its effect worldwide. One country feeling a major impact of China’s economic instability is New Zealand and specifically its dairy industry.
This week marks the 5th anniversary of the signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Now that the Greek crisis has taken a temporary reprieve and the euro continues to act as Greece’s only currency, the focus has moved across the Atlantic and has come back to the question of whether or not the Federal Reserve will increase interest rates and if so, if it will take place by the end of 2015.
Last week saw the financial world deeper in uncharted waters with the Greek people rejecting a bailout deal (and further austerity) which wasn’t on the table and their government asking for a third bailout and agreeing to stricter reforms in the hope of securing it.
We’ve been talking about the Greek problem for weeks, even months. But in fact, the trouble started long before Prime Minister Alexis Tsipras and his government took over. A bit of history won’t hurt.
Greece’s woes are not the only problem these days. The situation in China looks far from rosy with over 1300 companies halting trading on mainland Chinese exchanges Wednesday, impounding about 33 percent of China’s market capitalization.