Oil makes a comeback, but will it last?

Oil Pumps | Econ Alerts

Oil prices rallied in 2017, with WTI finishing the year more than 12% higher as major OPEC and non-OPEC producers continued their efforts to rebalance the oil market by curbing their supply. Can this pattern persist in 2018, or will US shale producers ramp up their production in the face of higher prices, and take […]

BoC hiked but USD/CAD stayed pat

Bank of Canada | Econ Alerts

Daily Analysis | 18 January 2018   The Bank of Canada decided to raise interest rates to 1.25% from 1.00% yesterday, as the market was expecting. The statement accompanying the decision urged caution and was perceived by various analysts as dovish. Hence, there was high volatility upon the announcement, however, it settled down quickly with […]

German “GroKo” in the balance

Groko - German coalition | Econ Alerts

Daily Analysis | 17 January 2018   The Berlin fraction of SPD voted against the deal for a new grand coalition (GroKo) partnership between the SPD, CDU, and CSU to form a new German government, ahead of the Party’s conference on Sunday. Despite the fact that the Berlin fraction has only 23 delegates in the […]

Brexit must work for the whole of the UK

euro and uk flag | Econ Alerts

Daily Analysis | 16 January 2018   The Brexit rhetoric continued in the UK yesterday, ahead of UK’s Parliament voting. Scottish leader Nicola Sturgeon increased the pressure on the UK government to stay in EU single market as she sees growing support for it in the UK. Theresa May’s reply was to reiterate her commitment […]

German Grand Coalition talks

German flag | Econ Alerts

Daily Analysis | 15 January 2018   Euro surged on news that the CDU, CSU, and SPD have reached a preliminary deal on forming a new grand coalition government. The deal would include a no tax increase pact and social relief programs. CDU CSU is expected to pass the new coalition program easily however the […]

Weekly Market Outlook: 15th – 19th Jan 2018

Weekly Market Outlook | Econ Alerts

The Canadian and Australian dollars will be in focus next week as the Bank of Canada holds its first monetary policy meeting of the year, while Australian employment and Chinese growth figures will test the Aussie’s recent bull run. Other highlights will include inflation data out of the UK and the Eurozone. But the US […]

Switch of monetary policy from the ECB ahead

ECB | Econ Alerts

Daily Analysis | 12 January 2018   The Euro rallied yesterday against the USD as the ECB said it could revisit its communication stance in early 2018. Hence, expectations were raised from the market for the possibility of the ECB to reduce their vast monetary stimulus program (QE) along with discussions about a possible rate […]

Is NAFTA coming to an end?

nafta flags | Econ Alerts

Daily Analysis | 11 January 2018   Media reports suggested that Canadian officials are convinced that the US will leave the NAFTA agreement. The comments cast doubts about prospects on negotiations to modernise NAFTA, which are to have a sixth-round on January 23-28. In the past, president Trump had repeatedly threatened to abandon NAFTA, unless […]

Will gold shine even brighter in 2018?

Gold | Econ Alerts

Gold was one of the main winners of 2017. Intensifying geopolitical tensions, particularly on the Korean peninsula and in the Middle East, combined with the dollar’s sharp plunge helped gold prices to finish the year more than 13% higher. Heading into 2018, the outlook for the precious metal continues to appear positive, as geopolitical risks […]

Korean Negotiations had a good start

Daily Analysis | 10 January 2018   The talks in the Korean peninsula had a good start yesterday, with an agreement for a North Korean delegation in the winter Olympics and military to military talks. The US hailed the Korean negotiations as a first step to solving the North Korean nuclear weapons crisis but on […]