The following are the most recent pieces of Forex fundamental analysis from around the world. The Forex fundamental analysis below covers the various currencies on the market and the most recent events, announcements, and global developments that affect the Forex market.
Forex Fundamental Analysis
Forex Fundamental Analysis
2016 was supposed to be the year of “business as usual”. It was an American presidential election year that saw the Republican Party in such disarray that it struggled to find a conventional front runner for its candidate that many analysts assumed that the Democrats would win easily.
Last week was a largely positive affair for the major markets with only the Nasdaq slipping.
Charles Dicken’s classic “Scrooge” is the tale of a curmudgeonly old soul of a miser who, eventually, sees the error of his ways and brings Christmas joy to his entourage with a little seasonal generosity; so the story doesn’t quite fit with the current Greek situation, but its close enough!
It has been highly likely, over the course of the year, that the Fed would increase its interest rate, but at each stage expectations were dampened and the decision deferred.
Inflation in the UK has continued to pick up, measured by both the Consumer Price Index (CPI) and the Retail Price Index (RPI) yardsticks.
Brexit means Brexit, as we all know, but the devil is in the detail.
Last week was saw all of the major markets trading higher. In Europe over the course of the week, the FTSE was up on last week’s close by 3.3%, it closed at 6954.2; the Dax ended at 11204, up by 6.6% on last week’s close; the CAC was up by 5.2% to end the session at 4764.1.
Japan has just demonstrated that initial data can be off. The initial reading on Japan’s Q3 GDP was that it came in at a relatively strong figure of 2.2%, however, revised data suggests that the world’s third largest economy grew at a much more subdued pace of 1.3%; quite a significant downwards revision.
The death of UK heavy industry was presided over by Mrs Thatcher in the late 1970s and early 80s. Mining, shipbuilding, mass manufacture of cars and steelmaking were all blue-collar preserves and therefore workers in these industries were largely Labour voters.
The origin of the Greek financial crisis can be traced back to creative bookkeeping activities which the government used to fudge the convergence criteria for joining the Euro from its inception.
If one thing emerges from 2016, it will probably be a resolve by politicians to curb their enthusiasm for referenda on complicated issues.
Last week was mixed for the major markets with the majority trading lower. In Europe over the course of the week, the FTSE was down on last week’s close by 1.6%, it closed at 6730.7; the Dax ended at 10513, down by 1.7.2% on last week’s close; the CAC was down by 0.47% to end the session at 4528.8.
Finally, unemployment in the 19 nations which use the Euro has fallen to (marginally) less than one person in ten.
The Organisation of Petroleum Exporting Countries (Opec) has agreed on a package of supply reduction which was outlined several months ago. The intention is to choke off supply and therefore bolster the oil price – so it’s good news for them and bleak news for consumers if the deal sticks.
The Federal Reserve had expected to push rates higher in 2016 following a rate hike from 0.25 to 0.5% in December of 2015 – the first in almost a decade.