September 15, 2015
This trading week started at a slower pace as there was no major fundamental news to move the market or increase market volatility. As the week progress, there seems to be a lot of important economic news which traders are anticipating. Later today, we will be expecting the consumer price index from the UK which… View Article
September 11, 2015
It is not news anymore that oil is in a bear market at the moment. Some analysts are assuming we have seen the bottom but oil inventory yesterday revels that we have more oil supply. The latest inventory report shows 2.57 Million barrel was added, this is bad news to all bulls as this will… View Article
September 10, 2015
Last night the Reserve Bank of New Zealand lowered interest by 25 bp (3% -2.75%) for the third time in a year According to the governor, there might be more easing over the coming month in other to stimulate the economy and most importantly to boost inflation and aid export. He highlighted the risk from… View Article
September 9, 2015
Canada’s economy without any doubt is in a recession at the moment. This might last longer till first quarter of 2016 because of prolonged low oil price. Energy export occupies a large proportion of Canada’s net export which serves as a major revenue for the economy, this explains why low oil price will always have… View Article
September 8, 2015
Canada’s economy without any doubt is in recession, the last GDP figure of -0.1% shows contraction in the second quarter. The economy relies mostly on international trade as major source of revenue in which energy export occupies a major faction of Canada’s export. The falling oil price has been a major setback to the Canadian… View Article
September 7, 2015
Last week ended on a good note for USD bulls. Economic data on Friday was quite good to strengthen the USD. NFP figures came below expectation but unemployment figures came at 5.1% which is stronger than expected (5.3%). This indicates US economy is now at full employment and FED might be closer to raising rates…. View Article
September 4, 2015
Markets are patiently waiting for the monthly US payroll which shows the current state of labour market. Over the past couple of months, the market has seen a strong consistent labour market. Will this month be the same?! Mario Draghi of the ECB during the press conference yesterday about the state of the European economy,… View Article
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