Forex Fundamental Analysis
Perpetually falling prices sounds like a consumer’s dream, but in economic terms, deflation is a bad thing.
Germany has been at the heart of provision of funding to bailout peripheral economies which have got into sovereign debt problems since the onset of the global financial crisis – despite what the papers may say, this is neither charity nor altruism.
In one of the most ominous signs we have seen so far out of Europe, the Germans only managed to attract buyers for a little more than half of the 6 billion Euros’ worth of their 10-year bunds on Wednesday. The Germans are seen as a backstop to the entire issue coming out of Europe.
Early estimates put the growth of the American economy in the quarter between June and September at 2.5%. However, as real figures have come in, this estimate has had to be trimmed back, revealing that the world’s largest economy grew by 2% in Q3.
With the current issues in the European bond markets, it is easy to think the Euro should be melting down. Is it? Find out why EUR/USD isn't as easy to trade as always.
Hungary joined the European Union in 2004, just 15 years after leaving the communist block and emerging from behind the Iron Curtain. Whilst the nation is an EU member, it did not join the Eurozone and has retained its own currency, the Hungarian Florint.
Technocrat leaders have been installed in Greece and Italy and the Spanish government fell at the weekend. The significant economic problems facing Spain are now the concern of the Popular Party (conservative).
Silvio Berlusconi has resigned as Italian Prime Minister after getting an austerity budget through parliament.
It has always been trite to suggest that the world is a “global village”, but like many such ideas, there is at least a grain of truth in it.
With the recent European debt issues, there has undoubtedly been a run to the US dollar from time to time as doubts continue to linger about the possibility of a viable solution to the problems.
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