Analysts at Rabobank note that on Saturday, the US federal government closed down partially as President Trump refused to sign a spending bill that does not include funding for the border wall, while the Democrats have made clear that they will not vote for such a spending bill. Key Quotes “At this point in time
GOLD & CRUDE OIL TALKING POINTS: Gold prices fail to capitalize on market rout, haven flows buoy US Dollar Crude oil prices follow stocks downward amid market-wide risk aversion Holiday market closures drain liquidity as US political drama continues Traders looking for gold prices to reflect the yellow metal’s often-touted haven credentials were disappointed Friday.
TALKING POINTS – FINANCIAL MARKETS, POLITICS, TRADE WARS, BREXIT, ITALY How and why have political speeches impacted markets in 2018? Volatility-inducing political trend is likely to continue into 2019 Risk sensitive assets and equities likely to suffer amid the turmoil See our free guide to learn how to use economic news in your trading strategy!
Three major indexes pare early gains, suffer heavy losses. Communication Services and Technology lead losses. Threat of government shutdown weighs on sentiment. After going up more than 1% in the early trade, major equity indexes lost traction and closed the day in their lowest level of the year as concerns over a government shutdown and
Analysts from Mizuho Bank, expect a slowdown in economic growth during 2019 on the back of the TRY depreciation.  Key Quotes:  “Turkey’s economic growth rate is expected to decline sharply in 2019 reflecting the Turkish lira’s plunge in summer 2018”. “The rise of inflation will squeeze real incomes, causing personal consumption to stall.” “Given the
On Wednesday, the Federal Reserve rose the Fed Funds rate and changed growth forecast. The FOMC meeting lead to lower bond yields, a weaker dollar and a global decline in equity markets, showing that investors are in the grip of a growth scare, explained analysts at BBVA.  Key Quotes:  “The FOMC projections are unambiguous: the
Next Stock Market Crash Prediction Talking Points: Does the return of volatility to equity markets suggest a stock market crash is on the horizon? The S&P 500 has climbed above the competition, but is its valuation deserved? The cases for continued growth are few, but present nonetheless If a stock market crash were to occur
Heavy dose of economic data and a government shutdown A busy day kicks off at the bottom of the hour with Canadian retail sales, the third look at Q3 US GDP, and the November preliminary durable goods orders report. Later we get eurozone consumer confidence, the Bank of Canada business outlook survey, the US PCE
   •  Risk-off mood helps the USD to recover a part of the post-FOMC downfall.   •  Bearish crude oil prices continue to undermine Loonie and remained supportive.   •  Traders now eye today’s US/Canadian macroeconomic releases for fresh impetus. The USD/CAD pair quickly reversed an early European session dip to sub-1.3500 level and climbed to fresh
TALKING POINTS – YEN, TRUMP, US GOVERNMENT SHUTDOWN, UK GDP, POUND Yen may turn higher Washington DC turmoil stokes risk aversion Possible US government shutdown threatens fragile growth outlook UK Q3 GDP revision unlikely to mean much of the British Pound Most major currencies marked time in quiet Asia Pacific trade, with markets seemingly enjoying