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
Yukio Hatomaya, of the Democratic Party of Japan (DPJ), took office yesterday as prime minister of the world’s second largest economy, ending 50 years of rule by the Liberal Democratic Party of Japan.
There is a curious balance in the global market place between cheap imports, on the one hand, which drive consumer spending and generate profits for the middlemen and loss of domestic jobs from the competing sector on the other. Whilst we all like to have high quality cheap products, we don’t want it to be at the expense of the destruction of thousands of jobs at home.
Over the course of last week, all of the world’s major stock markets gained ground; reversing the trend of the previous week. In Europe, the FTSE put on 3.3% of its value, closing at 5011.4; the Dax gained ground to the tune of an impressive 4.45%, closing at 5624.02; the CAC made 3.8%, closing at 3734.89.
The statement was made by UK Prime Minister Harold MacMillan in 1957 about the state of Britain’s post war economy. But you could well hear it from central bankers almost anywhere in the developed world these days, if they were talking about the cost of borrowing money.
At some time in childhood, most of us looked at a copying machine and asked our parents why, if we were short of cash (and most people were) we couldn’t just print some more money.
The US Dollar closed at 1.4473 to the Euro; its lowest level this year. Crude oil is priced in US Dollars, so there is an air of inevitability about it that the price of crude would be heading in the opposite direction.
It is easy to lose sight of the human cost of the economic recession; down-turn – call it what you will. America is the world’s most affluent country and nowhere is much more glamorous or glitzy than the play-ground city of Las Vegas that springs up like a magic castle in the Nevada desert.
Over the course of last week, all of the world’s major stock markets lost ground. In Europe, the FTSE shed 1.17% of its value, closing at 4851.7; the Dax was down by 2.41%, closing at 5384.43; the CAC lost 2.56%, closing at 3598.76. In Japan, the Nikkei finished the trading week down by 3.29%, closing at 10187.1.
Meeting in Frankfurt, Germany yesterday, the European Central Bank (ECB) decided to hold interest rates at their current level (1%).
In most developed economies, an unemployment rate of 5.7% would be a source of pride. In Japan, the figure represents a record high and points to the depth of the recession affecting the country. The unemployment figures are the worst on record since World War II.
In early trading yesterday, the world’s major stock indices put on a little value, but by the close, all except for the Nikkei 225 were in negative territory. The Japanese index managed to hold onto its gains, closing up by 0.36% at 10530.
You don't have to be a master at forex analysis to realize that the strongest of the major currencies this year has been the Australian Dollar. The bullish ways of the Aussie Dollar aren't all that surprising, at least from a fundamental standpoint.
History was made in Japan at the weekend with the election of the Democratic Party of Japan (DPJ). The electoral success brought to an end a period of fifty-four years of rule by the Liberal Party of Japan (LPJ).
The US dollar concluded last week on a lower note, with the released data pretty much in line with expectations, while Wall St closed its fifth straight close only slightly different than its open.
U.S. Dollar Trading (USD) had yet another day of varied trading with a positive trend in Asia balanced by a negative one in Europe then followed by strength in New York. Chinese stocks plummeted over 5% at one point in Asia before paring losses going into Europe.