If todays German manufacturing index data is not a warning sign of the biggest posiblle recesion in recent history, nothing is in my point of view. IMF business climate index fell to 86.1 which is the lowest level since August 2009. Also, based on the GDP projection from Klaus Wohlrabe, the World could retun in 30’s crisis and fall in to huge depresion. If we take look at the previous recesion and huge financial crisis, Germany’s GDP fell 5% in 2009 and it was the biggest recesion for Germany since World War II. Their projection then was fall of 2.2%. Imagine how devastating could be fall of more then 5% Read more
The previous weeks were really something in the market, right. Coronavirus disrupt evertyhing and the market volatility went crazy. Intraday moves reached 800 or even a 1000 pips in one direction, mostly back as well in a same day. But, there is more to come for sure, so stay alert on all actions from the central banks, who coordinatelly trying everything to ensure some kind of the stability.
That’s how the FED cut interest rates to essentially zero on Sunday March 15. and launched a massive $700 billion quantitative easing program Read more
Information received since the Federal Open Market Committee met in December indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has been rising at a moderate pace, business fixed investment and exports remain weak. On a 12‑month basis, overall inflation and inflation for items other than food and energy are running below 2 percent. Read more
At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing Council expects the key ECB interest rates to remain at their present or lower levels until Read more
What we traded the most in 2019? As you know, we are specialized in trading with gold and oil and that’s how that was the most traded instruments in 2019. In percentage, we traded oil the most with 58.14%, gold with 39.53% and Gbp/Usd with 2.33%. You will notice how there wasn’t the most global trading instrument Eur/Usd at all and that’s the truth. We think how that was the most boring trading pair in 2019 Read more