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Forex Fundamental Analysis
Forex Fundamental Analysis
Last week was a mostly negative affair for the world’s major stock markets with all the major markets closing lower except for the Nikei.
The upshot of last night’s EU summit is that the EU has granted the UK an extension of its A50 notice period, without condition, until the 12th of April 2019.
Parliament has not endorsed the EU withdrawal bill, but has voted not to leave the EU without a deal in place, however, as the vote was not binding on the government, exit without a deal in just eight days remains the legal fact.
The battle cry of Leave campaigners was that the UK should withdraw from the EU and “take back control” of its laws, borders and money – it sounded good but was always just a rhetorical device.
Last week was a positive affair for the world’s major stock markets with all the major markets closing higher.
Following the rejection, for a second time, of the EU Withdrawal Bill and a decision that parliament does not wish to leave the EU without a deal in place
Hot on the heels of a further major rejection of her withdrawal deal, the British PM, as promised, put a question to parliament which asked if it would countenance leaving the EU without a deal.
I suppose one must try to see the bright side of things for the British PM over the latest Brexit debacle.
The US Department of Labor publishes the so-called non-farm job creation data on a monthly basis.
Last week was a negative affair for the world’s major stock markets with all the major markets closing lower; only just so in the case of the FTSE.
The Eurozone requires a relatively high degree of alignment from its member economies to enable the single currency that the 19 EU states share to continue to function.
The trade deficit (or surplus when positive) is the difference in the value of goods that a nation exports minus what it imports.
The UK government is continuing with the pretence that it is negotiating with Brussels to resolve the impasse over the Northern Ireland backstop provisions in the withdrawal agreement.
The high priest of Brexit economics, Professor Patrick Minford of Cardiff University, openly suggests that Brexit could kill off large sections of what remains of the UK’s manufacturing section and livestock farming (if not agriculture as a whole).
Last week was a mixed affair for the world’s major stock markets with the Dow Jones ending unchanged and the FTSE closing lower.