2020 was an economic disaster, if not a catastrophe, as the global economy plunged into one of the worst recessions in history. Entire sectors of the economy, albeit temporarily, have practically ceased to exist: air travel, tourism, physical retail, restaurant business, etc. And against the background of all this, the US stock market (case of the Nasdaq Index)...
Yesterday in the financial markets were concentrated on the news that Trump had signed a stimulus bill for the US economy and on the expectations of the second attempt by the Democrats to increase stimulus checks from $ 600 to $ 2,000 (as Trump wanted). The U.S. House of Representatives had voted earlier to increase stimulus payments to qualified Americans to...
The main event of the last week without a doubt is a trade deal between the EU and the UK. The sides reached an "agreement on zero tariffs and zero quotas." This outcome was the most likely, so nothing extraordinary happened. The problems of the UK do not end there: a new strain of the virus, the situation with the pandemic, lockdowns, damage to the economy - this...
If yesterday was a semi-holiday day, today is a full one. Merry Christmas to all our readers. But for the British apart from Christmas there is another reason to be happy - a trade deal between the EU and the UK. The parties reached an "agreement on zero tariffs and zero quotas." But the pound reacted to this yesterday without significant growth. Let's figure out...
The main event yesterday, which in many ways gave rise to optimism in the financial markets, was the information that the UK and the European Union are approaching a post-Brexit trade agreement after months of tense negotiations. The deal is expected to be announced on Christmas Eve. The growth of the pound in the light of such news is quite natural, but its...
So far, the main loser of the week in fundamental terms can be considered the British pound, which literally fell upon all the misfortunes of the world. A new, more infectious strain of coronavirus has provoked almost the whole world to sharply limit contact with the island, which is fraught with both massive economic damage and disruptions in the supply of...
Yesterday was marked by a radical change in market sentiments. Greed was replaced by fear again (at least for some time). The VIX index added more than 30% (!), the US Treasuries yield during the day decreased by more than 5%, the CNN Fear and Greed Index lost almost a dozen points. The reason for this was the information that the mutated strain of coronavirus...
The agenda on financial markets last week did not change much: they continued to monitor long-term projects (Brexit and US stimulus), rejoiced at new vaccines (this time from Moderna), watched the continuation of Bitcoin's movement into outer space, as well as ultra-soft monetary policies of the leading central banks (FED, Bank of England and Bank of Japan) and...
The main event of the day yesterday is Bitcoin's super growth. In two days, the cryptocurrency gained 20%. We will not talk again about bubble in the cryptocurrency market - this is too obvious. We only note that the last two bubbles started to collapse in December 2013 and 2017, respectively. This does not mean that history will repeat itself this time, but...
Financial markets were full with optimism yesterday. Bitcoin surpassed the 20K mark, European indices (in particular, the German DAX) reached their highest levels since February 2020, US stock indices stormed historic highs, and oil reached the highest marks since March 2020. What made the participants of the financial markets so happy? To start with, general...
Silver as shown is inside a massive triangle and ready to make a massive move. A key resistance it needs to break is $26.00 to then re-test $30 and if breaks will go much higher. However bearish scenario is if rejected and test back to support and breaks $22.00 we can fall around $18-22. Trade safe and smart everyone !
News about vaccines gives positive sentiments, but they are clearly ahead of current reality. Here and now the list of knockdowns is expanding. Following Germany (the fourth economy in the world) and California (the fifth economy in the world), London is introducing a hard lockdown this week, next in line are New York, Italy and the Netherlands. Against this...
Yesterday, the US electors, following the tradition of more than two hundred years, drew a line under the US Presidential elections. Biden is the President. But the winner will be officially announced on January 6, when Congress counts the electoral college votes. Markets now have no time for traditions and formalities. In the US, everyone is more concerned about...
Fundamentally, the latest week can hardly be called calm and easy. New pandemic records in the USA and the world, the start of vaccination in the UK, the approval of the Pfizer vaccine for emergency use in the USA, Brexit, the results of the ECB meeting and the EU summit, stimulus in Japan and the USA - this is not a complete list of everything that...
Yesterday again was quite eventful day. UK reported GDP and industrial production for October. On the whole, the data came out rather good and, in some indicators, even better than forecasts. But there were few people willing to buy the pound after the Brexit situation continued to hang in the air. Plus Johnson threatened markets with no-deal scenario. The ECB,...
Yesterday was rich in all sorts of events. The Bank of Canada decided to leave the monetary policy parameters unchanged (as expected). Boris Johnson flew to Brussels for dinner with the head of the European Commission in a last-ditch attempt to break the Brexit impasse. Dinner ended without agreement. But negotiations will continue. The current deadline is Sunday....
The fact of the day is $ 100 trillion. This is the capitalization of the world stock market. Is that a lot? If we use the world GDP as a comparison base, then a lot. The last time the capitalization of the global stock market exceeded global GDP was on the eve of the 2007-2009 crisis, which nearly buried the entire global financial system. Last week we wrote...
From the point of the price dynamics in financial markets, Monday was remembered primarily by the pound moves. Paired with the US dollar, the decline reached 200 points. The reason is obvious - Brexit. Markets expected that over the weekend the last contradictions would be resolved and the parties would begin to sign a trade agreement. Instead, the UK and the EU...