Forex Fundamental Analysis

Japan's Emperor Akihito took to the airwaves Monday in his second ever public address to the nation to announce that he can no longer fully perform his duties as emperor, hinting at the possibility of stepping down as emperor of Japan.

Last week was a mixed affair for the world’s major markets with key economic indicators suggesting that the UK economy is feeling the effects of the Brexit vote even if market sentiment in London is currently Bullish.

It might just be a mere coincidence but statistics show that the months of August and September are the worst ones on Wall Street with data going back all the way to WWII. And if that wasn’t bad enough, the numbers show that a third of the monthly declines of 5% or more occurred during these two months.

Most presidential elections are difficult to predict and the voting results often come so close, a recount must be called for. The race for the white house this year is so totally capricious a different victor emerges with each new survey reported.

Friday marked the last trading session for July from the perspective of these summaries and a full month since the Brexit vote. The UK continues to be a member of the EU and will be until at least January 2019.

Newly appointed Prime Minister Theresa May doesn’t like to sit still. Since taking office several weeks ago she has visited Paris, Berlin, Belfast and Rome and is now moving on to the capitals of Poland and Slovakia in hopes of consolidating relationships following the Brexit decision to leave the EU.

Japanese Finance Minister Taro Aso told reporters in Tokyo Tuesday that he hoped that the BOJ would continue its efforts to achieve a 2 percent inflation target while leaving monetary policy measures as they are.

Emerging markets are having a comeback. According to Bank of America and research firm EPFR, a record $4.9 billion flowed into emerging market bond funds between July 14 and July 20 and another $4.7 billion into stocks of developing countries like Brazil, South Africa and India.

Amid further dire warnings of the local and global economic impact of Brexit, markets have continued to strengthen. It is likely that there will be relative calm until the end of the year which reflects the fact that the earliest that the UK will trigger Article 50 is in the New Year.

Looks like the UK will not invoke Article 50 of the Lisbon Treaty which would trigger the formal process for leaving the EU just yet.

The Brexit referendum decision has yet to be played out and financial markets are biding their time before making any serious moves.

The attempted coup against the Erdogan government by a group of army officers in Turkey brought a short sense of optimism in global markets to an abrupt halt Friday.

After the Brexit vote on 23rd June 2016 which saw the United Kingdom leave the European Union, tough economic and political questions are now surfacing as to how the outcome will impact global markets.

The newly appointed UK Prime Minister Theresa May surprised everyone with her choice of foreign secretary for UK’s future cabinet--Boris Johnson.

Oil production is on the rise once again. Recent data has shown that OPEC countries have been collectively pumping more oil than at any time in recent history, fueling concerns that the supply glut may not be over any time soon.