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
Whilst the Bank of England interest rate is at a record low and mortgages have never been cheaper, the cost of personal finance remains significant.
The Italian government is bailing out two Venetian banks to the tune of €5.2 billion.
Last week was a mixed affair for the world’s major markets. The Dow ended the week up, just, by 0.05% to close at 21395. The Nasdaq composite index was up by 1.8% over the course of the week at 6265.3.
The 2017 General Election was called with the intention of securing a large commons majority for the governing Conservative Party such that their leader, Theresa May, would be able to deliver the Brexit vision she wanted.
Speaking at the Mansion House, Hammond argued that transitional measures would be essential post Brexit to protect key industries and that the needs of the UK economy and businesses must be at the heart of the Brexit process.
The Bank of England has responsibility for ensuring that inflation in the UK economy is maintained at a healthy level.
Michel Barnier, chief negotiator for the EU, and David Davis the British minister in charge of leaving the EU, have had their first official meeting in the process that will see the UK leave the EU.
Last week was another negative affair for the world’s major markets with only the Dow making ground again.
At the onset of last week, decades of Middle Eastern tensions came to a head for Qatar. Naturally, this kind of destabilisation in a part of the world that has been teetering on the edges of war for decades, will have its effect on global currency trading.
The latest meeting of Eurozone finance ministers has granted approval for Greece to be given a tranche of its third bailout, ensuring that the country will be able to meet debt payments falling due next month.
Control of interest rates is the main conventional weapon in the armoury of any central bank. Raising interest rates is seen as a mechanism to dampen the markets and choke off inflationary pressure by driving up the cost of borrowing.
The major problem with the Brexit stance of the UK government prior to the election was that it seemed unclear on exactly what it wanted and what compromises it would accept in order to obtain it.
The former Chancellor and now (freebie) newspaper editor George Osborne, described UK PM Theresa May as a “dead woman walking”.
Last week was a negative affair for the world’s major markets with only the Dow making ground. It follows an inconclusive UK election which left the governing party without an overall majority.
With only four results still to be declared, the outcome of the UK general election is that no party will be able to form a majority government.