Forex Fundamental Analysis

Brexit means Brexit. We will sign Jumbo/Titanic/Mega trade deals with the rest of the world… the rhetoric from Mrs May’s cabinet is intoxicating, if a little light on the details.

And the decision was to elect Donald J Trump as its next president. In its way, this will be seen to be as big a shock as the choice of the UK to leave the EU (on just 37% of the votes of those entitled to vote).

After a lengthy series of Republican and Democratic primary elections, two challengers for the US presidency emerged, Donald Trump for the Republican Party and Hillary Clinton for the Democratic Party.

The final day of the 2016 U.S. Presidential election is less than 48 hours away now, and by the early hours of Wednesday 9th November we will probably get a good idea as to whether Trump will win and become the next President of the United States of America or not.

Last week was a negative affair for all of the world’s major markets. In Europe over the course of the week, the FTSE was down on last week’s close by 4.3%, it closed at 6693.3; the Dax ended at 10259, down by 4.1% on last week’s close; the CAC was down by 3.8% to end the session at 4377.5.

The UK is in a constitutional mess. Blame needs to be placed where it belongs, firmly on the shoulders of David Cameron and his advisors since it was Cameron who decided that an “in/out” referendum on the complex issue of the UK’s relationship with the EU was the best chance for him to silence Eurosceptics in his party, pull the rug out from under the feet of UKIP and get him re-elected as PM in 2015 – well, the last bit worked out OK.

Brexit may mean Brexit, but nobody (least of all, it would seem, the government) yet knows exactly what “Brexit” means. One thing that businesses detest is uncertainty, so it is unsurprising that those that can are pressing the government for reassurances, if not clarification.

The World’s largest economy has managed to expand at its fastest rate.

Last Friday marked the final trading session for October from the perspective of these summaries. It was another mixed affair for the world’s major markets.

The third quarter of 2016 provides the first set of economic data purely related to the UK economy after the decision was taken to leave the EU.

The Pound has fallen by approximately 17% against the Dollar from the eve of the referendum to date.

Brexodous – you heard it here first folks! – will surely be the term coined to describe the shifting of banking HQs from London to new homes within the remaining EU region, should the UK’s apparent determination to turn its back on membership of the EU start to crystallise.

The Comprehensive Economic Trade Agreement (CETA) between the European Union and Canada is badly, if not mortally, wounded following the refusal of Belgium to sign the accord.

The world’s major markets were trading at least marginally higher last week, for a change.

One of the main factors which dissuaded the Federal Reserve from hiking interest rates in Q1, as originally intended, was the turmoil on world markets caused by nervous investors worried about a slow-down in the world’s second largest economy, China.