Rates Unchanged The RBA keeps rates on hold at its March meeting this week, leaving rates unchanged at 1.50%, marking the 17th consecutive month of keeping rates unchanged, which is equal to the bank’s 22 year record. Rates have now been sitting at the record low of 1.5% since September 2016. The decision where the RBA keeps rates on hold itsel...
There are many reports have been hovering around Turkey’s economic situation, whether before the failed coup or even after the coup. Many are saying that the economy is in a state of crisis. Yet, there are evident signs of stabilization. Crashing Currency One of the main things that everyone is talking about is the Turkish Lira, which lost ...
Despite the fact that global equities have been declining a little bit since the announcement of Barclays scandal with Qatar, global equities are still near their record levels. At the same time, the bull market seems to be getting stronger and stronger day by day, with no signs of a correction anytime soon, and that raises some red flags and b...
Everyone was watching the US Jobs Report on Friday, which was the most important event ahead of the Federal Reserve decision this month. The market seemed very confident that the Fed will raise the rates no matter what, given the fact that some of the economic activities have improved. However, on Friday, the estimates of a rate hike in June de...
In the next few hours, all eyes across the board are headed toward the US once again, as we all wait for the US Jobs Report for the month of April. This report is likely to have a notable impact on the markets, whatever the outcome is. Whether if it’s good or bad outcome, in both cases, be prepared for a notable move across asset classes. Wh...
The last day of the week came in with the lack of fundamentals, whether during the European morning session, or the upcoming US session ahead. Yet, there are still some economic figures will be released from the US, which set to have a notable impact on the markets. In today’s article we will take a look at the US housing data, what does it mean...
Mark Carney, the Governor of the Bank of England Few minutes ago, the UK government lost the case of activating Article 50 without a parliamentary vote according to the high court in the UK, which eases the chances for a hard Brexit, as the UK MP’s might vote against the government decision. However, all eyes are on the Bank of England decision...
US Dollar managed to close last week higher, well above 97.50 and 98.00 resistance area, on a collection of positive economic releases on Friday, including PPI, Core PPI, Retail Sales and Core Retail Sales, while the initial reading of the University of Michigan showed a notable decline. Yet, the figures have led the Fed Fund Futures to rise not...
The US Dollar recovered all of last week's losses, rising all the way up above 97.50. This occurred on the back of hopes for a rate hike by the Federal Reserve in December. Lack of fundamentals and thin liquidity have also helped the upside rally. Yet, we should take nothing for granted because a lot of economic figures will be released before D...
The first trading day of the week comes with lacking fundamentals across the board, which will likely lead global equities to trade within a tight range and a low volume. However, this week's big day for indices is around the corner, and traders should be ready to act. Why This Week? After the ECB's decision to keep the current stimulus pa...
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