Forex Fundamental Analysis

With the Greek drama playing out on centre-stage right now as last-ditch efforts are made to avert the need for a second general election which could give a mandate to the left to tear up the austerity package that secured Greece its second EU/IMF loan, it is timely to remember that the Greek economy is not in the top tier of EU economies.

The Greek president is still valiantly trying to persuade Greece’s politicians to come together in a coalition of national emergency to avoid the necessity for new elections next month.

How did the Forex world do last week? See this fundamental trading activities in perspective from one of the experts at DailyForex.com.

Germany is one of the world’s leading exporting nations; the third in the world behind China and the USA. Consequently, its export figures are studied with close attention as a barometer of demand in the wider world and as an index of the health of the EU’s powerhouse economy.

The Greek electoral impasse moved into a new chapter yesterday. As expected, Syriza the far left grouping which wants to tear up the EU/IMF bailout accords and their attendant biting austerity measures; has failed to form a new government.

As we noted yesterday, the weekend also saw an election in Greece. Whilst the major parties which formed the coalition government took a hammering, no clear winner has emerged and that leaves Greece rudderless as another European sovereign debt storm looms.

The second round of the French presidential elections was held on Sunday and the result saw a socialist, Francois Hollande, elected to the presidency for the first time in 17 years.

See last week's trading activities from this fundamental perspective.

The contradictory nature of the economics of 2012 took a turn for the worse when Eurostat, the European Union’s statistical body released its latest set of unemployment figures.

Hot on the heels of what was widely regarded as a lacklustre Q1 performance which provided evidence that the US economy was slowing, April’s manufacturing data has restored a sense of optimism which pushed the Dow Jones Industrial Average up to its highest closing value for four year.

The International Labour Organization is based in Geneva, Switzerland and is a UN specialised agency. It primary mandate is to promote employee rights at work; foster and strengthen discussion of work-related issues and encourage “decent work opportunities”.

The world’s largest economy has published its GDP figures for Q1 2012 and the economy grew by 0.5% which is hardly a cracking pace, all things considered.

See last week's trading activities in perspective from this fundamental analysis by one of our experts at DailyForex.com!

With a whimper, the UK has slipped back into recession, fulfilling prophecies of a double-dip recession.

Credit ratings agencies have been appreciative of the UK’s austerity measures which are aimed at deficit reduction. Data just released by the Office for National Statistics (ONS) in the UK show that the UK has managed to meet its own target for deficit reduction over the past year.