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Forex Fundamental Analysis
Forex Fundamental Analysis
Last week was a mixed affair for the world’s major stock markets. It was a week which saw the Fed raising interest rates and the ECB keeping them on hold with a prediction that the next hike was a year off – knocking the value of the Euro.
The European Central Bank has decided to leave its interest rate unchanged at zero per cent.
The Federal Reserve has increased its interest rate by a further 0.25%, moving the rate towards the long-term average.
Anybody who follows Forex will be used to the fluctuations of currency pairs at the whim of investor sentiment or economic fundamentals.
Tuesday and Wednesday will be critical days in the Brexit process as the EU Withdrawal Bill returns to the Commons for a final reading.
Last week was a mixed affair for the world’s major stock markets.
The IMF has given provisional clearance to a loan to Argentina worth $50 billion over a three-year period.
Recent strengthening of the price of crude oil, priced in US Dollars, together with post-Brexit referendum weakness of the Pound has been blamed for an increase in the forecourt prices motorists and hauliers use in the UK for diesel and petrol.
If the US president imagined that exporting nations would meekly accept the imposition of tariffs on their steel and aluminium products entering the American market, he badly miscalculated.
Last week was a negative affair for the world’s major stock markets with all the major markets closing below the previous week’s mark except for the Nasdaq.
It should be of great concern to anybody who believes that Brexit will herald an era of free trade between the USA and the UK that the Trump administration is preparing to impose tariffs on EU steel (amongst others) from tomorrow, June 1st.
The political turmoil in Italy seems likely to continue, despite the decision of the nation’s president to appoint a technocrat PM.
Last week was a mixed affair for the world’s major stock markets with US markets gaining whilst all the other major markets closed below the previous week’s mark.
The Turkish Lira (amusingly abbreviated to TRY) has rallied somewhat against the US Dollar and other major currencies following an interest rate increase.
There was a poll in The Guardian newspaper that asked people that voted to leave the EU how much they would be willing to pay to secure Brexit.