Forex Fundamental Analysis

This is a big year for the UK. It has marked the Queen’s diamond jubilee and is shortly to play host to the summer Olympics.

HSBC is the world’s second largest banking and financial services group, with assets of $2.5 trillion, and has its headquarters in London.

The Ernst and Young ITEM Club is a well-regarded forecaster for the UK economy. ITEM stands for Independent Treasury Economic Model and its forecasts are produced on a quarterly basis.

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The Federal Reserve has left the door open on further quantitative easing in the future, but it’s clear that such a move is not foreseen immediately.

The International Labour Organisation is a specialized agency of the United Nations and has its seat in Geneva, Switzerland. In a recent report, Eurozone Job crisis; trends and policy responses, the body entered the political debate about austerity cuts within the EU.

With yields on Spanish 10-year bonds hitting the 7% yield barrier again, the European sovereign debt crisis looks set for another flare-up.

The European Central Bank (ECB) has reduced its interest rate from 1% to 0.75% in a bid to stimulate economic activity within the Eurozone by reducing the cost of finance.

See how the markets did last week with this analysis from a fundamental perspective. Catch up on Forex pairs and commodities.

The French returned a socialist to power in the Elyse Palace in May when Francois Hollande became president. The victory of the left was completed last month when the electorate gave them a mandate in a general election.

The factor which draws a line under a recession is that economies move into a period of strong growth – its strong since the records against which it is measured have all trended to low values, apart from anything else.

Spain has the worst unemployment problem of any EU country with 24.6% of its workforce idle in May. However, according to Spain’s Labour Ministry, the statistics took a sharp turn for the better in June with a 2.1% reduction in the number of Spaniards filing for unemployment benefit over the May figure.

Last week, Barclays Bank was fined a record £290 million by the Financial Services Authority (FSA) in the UK for attempting to manipulate the Libor and Euribor rates that banks lend to each other at.

See the fundamental analysis for Forex and commodities as Friday marked the end of the June month and second quarter of the year!

Barclays Bank has been fined £290 million for attempting to manipulate key banking interest rates. Libor and Euribor (the London Interbank Offered Rate and the Euro Interbank Offered Rate), as the names imply, are the rates at which (leading) banks are willing to supply money to one another.