Forex Fundamental Analysis

The question of the bitcoin’s origin may never be solved but it continues to be the most popular crypto-currency, preferred by millions over all other virtual currencies available around the world.

The ECB has announced its intention to phase out the 500 Euro note. Killing off specific denominations of a currency is not unusual but it is often the underlying reason for the action that comes as a surprise to consumers.

The latest government to introduce a “Google tax” is Australia which announced the move during this week’s budget.

After close to six months of political paralysis and tension over who should form a government, King Felipe VI of Spain signed a decree on Tuesday to dissolve Parliament and hold a rerun of national elections for the first time since the country’s return to democracy in the late 1970s.

According to Eurostat, average growth amongst the 19 member states which use the Euro, the Eurozone, picked up in Q1 2016 to 0.6% (under a tenth of the expansion claimed for China, it should be noted).

The bank of Japan decided not to change its interest rate policy at its most recent meeting (Thursday 28/4/16) and did not indulge in any fresh, substantive, monetary easing actions which many had anticipated.

Puerto Rico is a Caribbean island and unincorporated U.S. territory governed by the U.S. Congress with full jurisdiction under the Puerto Rico Federal Relations Act of 1950.

Last week marked the final trading session in April and was a negative affair for the world’s major markets. The oil price strengthened further.

Brazil is set to host the Summer Olympics and the Paralympic Games in less than 100 days. But analysts are questioning whether the country will emerge any better economically after the closing ceremony brings the games to an end.

Barak Obama might have stepped out of line once again. At the end of a three-day visit during which he celebrated the Queen’s 90th birthday with a lunch at Windsor Castle, the U.S. President warned the UK about leaving the European Union and told Britain’s voters that it could take up to a decade to strike a trade deal with the United States from outside the European Union.

Queen Elizabeth has just celebrated her 90th birthday and it is 400 years since the Bard died – what better excuse for a visit to the UK by the President of the United States?

Despite attempts to manage oil prices, the price of crude oil is expected to continue to drop. The OPEC meeting that took place earlier this month failed to put into place any significant plan that would stem the flow of the crude or curb the export of billions of excess oil from major oil producers, specifically Iran and Saudi Arabia.

The 21st Conference of Parties (COP21), under the United Nations Framework Convention on Climate Change, delivered a global agreement to limit future global warming to under 2° C above pre-industrial levels.

Last week was a mixed affair for the world’s major markets. The oil price strengthened further. Get the analysis for April 25, 2016 here.

The recent disclosure by the International Consortium of Investigative Journalists (ICIJ) of 11.5 million documents “obtained” from Panamanian based legal firm Mossack Fonseca into the manner in which rich, famous and notorious people sheltered their funds from tax have certainly opened a debate on tax avoidance and tax evasion.