Mike Campbell | TalkMarkets | Page 16
British Scientist, Writer
Contributor's Links: Daily Forex
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.

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India Trims Interest Rate
The Indian economy was tipped to break into the ranks of the world’s powerhouse economies, but it has seen significant setbacks since the Global Financial Crisis struck.
U.S. Job Creation Remains Strong
According to the US Department of Labor, 215000 in March, but unemployment edged up from 4.9 to 5%. The unemployment rate is based on the number of people who are out of work, registered as unemployed and actively seeking work.
Forex Week In Review - 4/4/2016
Last week was yet another mixed affair for the world’s major markets, with the Nikkei and European markets falling. The oil price weakened, dipping below the $40 mark on fears of over-supply, with the usual consequences.
Japanese Business Confidence Wanes
European and Japanese markets remain well below the values seen at New Year. At any time when markets get panicky, investors pour money into “safe haven” currencies, believing that they will see less volatility than the markets.
U.S House Price Rises
Concerns about affordability have been raised again since the increase in average home prices has outstripped gains in hourly paid workers’ salaries by 2.6 times at a time when mortgage interest rates are near historical lows.
UK Unemployment Falls Further
Unemployment within the Eurozone eased marginally in January from 10.4 to 10.3%, but there are enormous regional variations within the bloc (notably Greece and Spain).
Forex Week In Review - March 21, 2016
Last week was another mixed affair for the world’s major markets. The oil price continued to consolidate further, strengthening speculation that the price has bottomed out.
Federal Reserve Leaves Interest Rate On Hold
In December 2015, the US Federal Reserve ended its policy of a near zero interest rate which had been in place for seven years, marking the first hike in interest rates in nearly a decade (June 2006).
UK Chancellor Delivers 8th Budget
The Chancellor trimmed the forecast for economic growth in 2016 from 2.4 to 2% based on OBR projections of weaker productivity. Economic growth is moderate, but employment and the number of hours that people are working have risen.
Chinese Industrial Output Grows
Growth in the Chinese economy has been phenomenal since the Chinese Communist party started its flirtation with capitalism. It is easy to forget that China is still a single party state and highly authoritarian when it chooses to be.
ECB Indulges In Further Monetary Easing
The markets initially rallied strongly on the ECB news, but comments by Draghi, which suggested that a further rate cut into negative interest rates was not on the cards caused the Euro to appreciate and the stock markets to fall back to losses.
Could Chinese Weakness Finally Be Priced In?
The start of the year has been dominated by fears that China’s economy is slowing, which is bizarre because anybody who keeps an eye on economic news knows it has been the case for a couple of years now.
US Job Creation Remains Buoyant
2016 has got off to a very nervous start with concerns over the slowing of the Chinese economy and (perversely) a weak oil price dragging down Chinese and global stock markets.
Forex Week In Review - 3/7/2016
Last week again saw all of the major markets regain further ground and the oil price move upwards.
A Rose By Any Other Name
A key bone of contention in the British referendum over continued EU membership is migration. In many people, there is a latent xenophobia not far under the skin, a distrust of anybody “not we”.
Moody’s Downbeat On China
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”
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