With global recession calls swirling around plenty of trading desks, the global economy does feature hot pockets of activity in Europe, Latin America, Asia and Africa. Those economies are faced with disruptors ranging from climate change to automation and digitization and from protectionism to populism. How each economy approaches disruptors will have a significant impact on how their economies will perform. Then there are more traditional economic drivers such as labor force, education, investment and productivity.
Another delay is in the process of being formalized. The length of the extension is three months in order to give the UK time to implement the PM Johnson’s Brexit deal which received majority support in Parliament. France wanted a shorter extension than most other members prefer. UK PM Johnson is pushing for an election on December 12th while two opposition parties, the SNP and the Liberal Democrats, push for an election even sooner. MPs will vote today on Johnson proposal for a December 12th election, but with opposition even from his DUP...
Mario Draghi will chair his last ECB meeting today and leave the European Central Bank divided like it has never been before. His actions as ECB President will have an impact on the Eurozone long after her has moved on. Some credit him with saving the breakup of the Euro, but history will be the judge if he may have started the total destruction on the it. The economy remains fundamentally weak, the risk of deflation elevated and the fiscal outlook unstable. All this while Draghi has ushered on the era of negative interest rates in the...
While Canadian PM Trudeau managed to lead his Liberal Party to victory with a projected 157 seats in the next Canadian Parliament, it fell short of the 170 required to hold onto a majority. The most likely outcome will be a minority government by Trudeau’s Liberal Party which would represent a weaker governing position than before. The Conservative Tories, led by Sheer, are projected to have secured 121 seats, up 22 seats as compared to their previous 99 seats while also winning the popular vote.
There are roughly two kinds of Forex traders out there. The first group believes that a little bit of luck and a few bucks is all you need to become a currency trader. You may have come across some of them using the word “play” instead of “trade” when they talk about the market. Needless to say, they always fail tremendously. And then there is the portion of Forex traders who understand the whole complexity of the matter and treat it accordingly. This means thorough planning and constant analysis. Of course, this...
