UK Parliament and Brexit; What a Circus

What a circus in UK Parliament lately, especially today. The British Parliament emphatically rejected Theresa May’s Brexit deal by 344 votes to 286 today for a third time, but tooday with 58 votes, which was much narrower than the 230 votes loss from in January, if that difference means anything now. The UK Parliament failed to back a Brexit plan after months of trying throwing the U.K. deeper into a political crisis that shows no sign of ending. Read more

4Q 2018 GDP shows U.S. economy is better than thought

The U.S. economy was better than expected at the end of 2018, but it’s probably too soon to give it a clean prediction of health for 2019. That’s the main takeaway from the shutdown-delayed yesterdays report on fourth-quarter GDP, which cooled by less than expected (2.2 percent) to a 2.6 percent annualized gain thanks to surprisingly robust business investment and a stalwart consumer. Read more

US Unemployment Rate 2009 – 2019

Total nonfarm payroll employment increased by 304,000 in January, and the unemployment rate edged up to 4.0 percent from the previous 3.7 percent from September and November 2018, the U.S. Bureau of Labor Statistics reported on February 02. So, let’s take a quick look at the 10 year US Unemployment chart, from the highest crisis point at 10 percent, which was on October 31. 2009. After that date, the unemployment rate was in constat fall, with short-term increases from time to time. That’s how, the average in this 10 years is 6.8 percent Read more

Crude oil WTI lost 24.8 percent in 2018

Crude oil lost 44.3 percent from high $76.41 to low $42.53 on three months fall from October 03. until December 24. It was the biggest losing streak in the past several years due the oversupply, Saudi record output and fear from the global economic slowdown. As the oil price opened 2018 at $60.17 per barrel and spent most of the year above, the average price for 2018 remain high at $64.90 per barrel. As in the first 9 months of 2018 oil spent mostly bullish, constantly rising from 60.17 to 76.41 the 12 months fall at the end of the year looks slightly better with loss of 24.8 percent in 2018. Read more

LBMA reveal daily gold turnover data on London and Zurich OTC market for the first time in history

LBMA-i market data makes it possible for market participants to gauge the size and shape of the precious metals market for the first time in history. The data represent all LBMA Market Makers’ and some Full Members’ share of the Loco London and Loco Zurich OTC markets. Data is displayed as an average over a business calendar week, and will be released each Tuesday for the previous week.  Thereafter, daily data will be made available on a T+1 basis and can be licensed directly from Simplitium. Read more