Forex Fundamental Analysis

Last week was another positive affair for the world’s major markets with all making ground except for the FTSE again.

The recovery in the Eurozone has been helped by the injection of cash into European markets via the European Central Bank’s “Quantitative Easing” activities.

First things first. The UK economy grew at a rate of 0.4% in Q3 over the previous quarter which produced growth of 0.3%.

The Guardian newspaper has an interesting piece by Michael Bloomberg, media mogul and former mayor of New York under a title that pulls no punches:

Last week was another positive affair for the world’s major markets with all making ground except for the FTSE.

During the 2016 referendum campaign, Michael Gove, the then Justice Secretary and a prominent Leave campaigner, famously stated:

The Chinese economy grew at a rate of 6.8% in the third quarter of the year, compared to Q3 2016, according to official figures.

The Bank of England is independent of the UK government and is charged with managing inflation which has a target value of 2%.

Any informed observer about the Brexit debacle knows that there will be no “sunny uplands” and that the nation’s great future as a global leader of “free trade” is just hollow rhetoric.

Last week was another positive affair for the world’s major markets with all making ground except for the CAC.

The UK intends to leave the EU at the end of March 2019. It wants the freedom to negotiate trade deals in its own right with the rest of the world;

The IMF has adopted a more Bullish approach to its view on the fortunes of the global economy.

The leader of the Catalan government, Carles Puigdemont, made a statement in their parliament yesterday in which stated

The Catalan government recently held a vote on independence (Sunday 1st October) where 90% of those voting supported an independent Catalonia.

In this summary, we will also look at how the markets and currencies fared over Q3.