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
Internet giant Yahoo! announced that its Q3 profits had trebled to $186 million, despite a 12% drop in its sales revenue which fell to $1.58bn. This miracle was achieved on the back of drastically reduced operating costs.
It could be said that crude oil genuinely lubricates the wheels of the global economy; it being essential to many sectors from plastics to transportation and energy generation when processed.
Last week was a quiet event overall for the world’s major stock markets with all indices ending the week in the black; albeit modestly.
A sudden and dramatic loss of confidence in financial institutions on the back of some extraordinary “sub-prime” lending decisions was what triggered the worst global recession since the Great Depression.
For the first time in a year, the Dow Jones Industrial Average has closed above the 10000 point level. It actually closed at 10015.86 which was its best level since last October.
Although the Japan was amongst the first to emerge from recession, things are still far from perfect in the world’s second largest economy.
Let’s start with the good news; the FTSE in London closed at its highest level for more than a year.
Last week was a much better one for the world’s major stock markets with all indices recovering ground over the course of the week. In Europe, the FTSE was up by 3.47%, closing above the psychologically important 5000 point barrier at 5161.9; the CAC put on a healthy 4.1%, closing at 3799.61; the Dax closed up by an impressive 4.46% at 5711.88.
It was inevitable that a time of reckoning would come when the costs of the financial support packages and stimulus measures would need to be calculated by the US Congress. With loss of tax revenues from those who had been made unemployed by the global recession, payment of higher unemployment benefits and people tightening their belts to be factored in as well, it was little surprise that the deficit broke all records
Gold rose to new record levels yesterday, touching $1043.77 before closing at $1017.65 in London last night according to data from the Financial Times. The strength of gold is due to a number of factors acting in concert.
The International Monetary Fund (IMF) has revised its forecast for the cost to the banking sector, stemming from the global economic crisis.
The Chairman of the Federal Reserve has been stating his view that the US economic recovery is underway for some time now.
Figures released yesterday, show that Japan is in a deflationary phase. For the sixth consecutive month, consumer prices have fallen in the world’s second largest economy.