Forex Fundamental Analysis

As more data has become available, it has been apparent that the Japanese economy did much better in Q1 2015 than originally believed.

The percentage of Americans looking for employment in May rose slightly from 5.4 to 5.5%, so you could be forgiven for thinking that a rate rise in Federal Reserve base rate would be less likely rather than more.

Last week saw all of the major stock markets fall, although the Nasdaq virtually stood still. Get the analysis for the week of June 8, 2015 here.

Whilst nobody is faced with execution if Greece and its creditors cannot find a mutually acceptable position, the demise of Greece within the Eurozone and, possibly, the EU itself is a real risk.

The Eurozone was particularly hard-hit by the Global Financial Crisis in that it acted as the trigger for the bursting of property bubbles, notably in Spain and Ireland.

Estimates of how an economy has fared over a given quarter are made on partial data shortly after the quarter in question ends.

Friday marked the final trading session in May and saw all of the major markets fall with the one exception of the Nikkei.

According to the UK’s Office for National Statistics (ONS), the original estimate for Q1 growth in 2015 was spot-on at 0.3%. The figure represents a significant slowing of the UK economy from the pace seen in Q4 2014 which came in twice as high.

The totally anonymous “numbered Swiss bank account” much beloved by authors of crime fiction as the ultimate repository for hiding one’s ill-gotten gains may itself, have its days numbered.

It is fairly certain that Shakespeare’s Romeo was not thinking of Britain’s wished for changes in her relationship with the European Union, but the fact remains that the UK is saying very little about what it wants to change before a planned “in/out” referendum to be held before the end of 2017.

In June, Greece must repay €1.5 billion to the IMF and roll over €5.2 billion in short-term bonds.

Last week was a positive affair for the world’s major markets with the one exception of the Dow. Get the analysis for the week of May 25, 2015 here.

Whilst Forex trading is carried out at any time during the day, certain transactions are settled against rates determined by the banks at a specific time of day, based on the prevailing prices for a currency pair.

The Japanese economy is the third largest in the world, behind the USA and China. Roughly 60% of Japan’s economic output is consumed by the domestic market with 40% of output exported to the rest of the world.

To the surprise of many, the UK election provided a clear winner rather than a hung parliament in which the government of whatever political shade needed the support of minority partners to form a stable coalition.