Forex Fundamental Analysis
In the major democracies, central banks are free from direct governmental influence as they go about their business of trying to keep the economies growing whilst holding inflation in check.
Preliminary Data Shows that the German economy contacted by 0.25% in the fourth quarter of 2011. The definitive data set will be released in mid February. However, thinks are not quite as gloomy as the headline might suggest.
Italy has the third largest economy in the Eurozone behind Germany and France. It also has a very significant public debt burden and has seen many years of torpid economic growth.
Data just released shows that French industrial output increased by an unexpected 1.1% in the month of November. What does this mean for your Forex trading?
The end of the first trading week of 2012 saw data being published that highlighted the stark contrast between the economies of the Eurozone and the US and offered a good indication for many as to why, at this point in time, the USD looks a much wiser investment than the EUR.
Friday marked the first trading session of the New Year and was a mixed affair for the world’s major markets. With respect to the Euro crisis, it was business as usual.
The shared currency of 17 EU member states, the Euro has fallen to fresh lows against the Yen and to recent lows against Sterling and the Dollar. The New Year’s brief flirtation with optimism in Europe (such as it was) has come to an end, to the surprise on none.
One of the tools economists and market watchers use to read the tea leaves is the survey. One of the most important surveys is the Markit Eurozone services purchasing manager’s index (PMI).
Maintaining the attempt to keep these pieces upbeat for a full week, today we are happy to announce that the level of unemployment in Germany has fallen to its lowest level in the nation’s modern history.
The New Year is the traditional time for economic pundits and politicians to make projections as to the course of the fledgling year. This year, they seem to be united in their unremitting gloominess with warnings that Europe stands on the brink of a further recession.
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