Forex Fundamental Analysis

The Bank of England governor, Mark Carney, voiced deep concerns that the June 23rd vote could trigger destabilization in financial markets and has met with Prime Minister David Cameron to discuss pre-empting what he foresees as dire consequences should the referendum lead to a separation of the UK from its EU membership.

We continue with our review of the candidates remaining in the presidential race and the economic programs they would put in place should they make it to the White House.

Data released by the US Department of Labor show that 242000 new jobs were created in the US economy last month.

Last week again saw all of the major markets regain further ground and the oil price move upwards.

In our continuing review of the economic policies being advocated by the 2016 presidential candidates, we move on now to the top Democratic contender, Hillary Clinton.

The U.S. Non-Farm Payroll report was released on Friday and the numbers didn’t disappoint.

A key bone of contention in the British referendum over continued EU membership is migration.

Although we try to stay out of politics, there is no doubt at DailyForex that no matter who wins, the next President of the United States will have a dramatic effect on the U.S. as well as global economies.

One of the major credit ratings agencies, Moody’s, has sounded a note of caution about the outlook for Chinese sovereign debt, changing its assessment from “stable” to “negative”.

Moody's Investors Service on Wednesday downgraded China's credit rating from stable to negative, pointing to worries about the government's potential debt load, the vast sums of money flowing out of the country and ability of Chinese officials to push through reforms.

The PMI numbers are out and they aren’t good.

On a national level, one of the more spectacular sovereign defaults has to be that of Argentina in 2002 which involved a default on $100 billion of debt – about ten times more than the government of Cyprus needed to underwrite its banks during the European Sovereign Debt Crisis.

The decision in question, of course, is whether the British people should vote to remain in the European Union on the 23rd of June 2016, or chose the dreaded “Brexit”.

Last week again saw all of the major markets regain some ground and the oil price edge upwards. It marked the final trading session of the month for the purposes of these summaries – despite Monday’s leap day.

Investors are expecting to hear some positive economic data this week that would point to continued momentum in the markets and could build on the strength of the past two weeks.