Nov 19, 2021Member-onlyWhat Does Austria’s Lockdown Mean for the Euro?Not the news we would have liked to finish the week with, but it’s just been announced that Austria will go into full national lockdown from Monday for 20 days. They’re seeing record case numbers and they have one of the lowest vaccination rates in Western Europe. The problem right…3 min read3 min read
Nov 18, 2021Member-onlyBiden Asks FTC to Investigate Oil Companies Over High Prices at the PumpThe president is now calling on the federal trade commission to investigate possible price gouging by energy companies as gas prices are not going down when oil prices are. In a letter Biden sent to the agency’s chair he said “…I am writing to call your attention to mounting evidence…Oil3 min readOil3 min read
Nov 15, 2021Member-onlyWhat to Expect From US Retail Sales Data This Week?There have been a lot of headlines about how much more expensive Christmas will be this year. It seems that despite President Biden’s comments last week, that CEOs have promised him store shelves will be full for the holiday season, Americans are taking precautions. Retailers have been reporting already for…Economy3 min readEconomy3 min read
Nov 11, 2021Member-onlyUS Inflation at 31-Year High! What Do We Expect Now? (Markets & Economy)Yesterday the US released their latest inflation figures and although we expected them to be high, they managed to exceed that by far. The year on year figure was 6.2%, which makes it the highest level of inflation in over 30 years. President Biden was making a public appearance yesterday…5 min read5 min read
Nov 10, 2021Member-onlyOil Prices to Drop as Low as $62 by End of Next Year? (EIA Report)Last week, OPEC decided at its meeting to not increase oil production beyond what was already agreed. Almost immediately after OPEC’s decision, a spokesperson from the White House said: “Opec+ seems unwilling to use the capacity and power it has now at this critical moment of global recovery for countries…3 min read3 min read
Nov 8, 2021Member-onlyWhat Will Happen With US Inflation (CPI) Data This Week?After getting major Central Bank announcements and the October NFP release out of the way last week, this week is relatively light on economic data and events. However, there is still some important data and the main focus will be on inflation data coming mid-week, with CPI data being released…2 min read2 min read
Nov 5, 2021Member-onlyWhy Did Bank of England NOT Raise Interest Rates?Yesterday the Bank of England monetary policy announced they would be holding rates for now and the market believes Andrew Bailey, governor of the Bank of England did them dirty. After all, it seemed a rate rise was on the cards after Bailey said that they will have to act…3 min read3 min read
Nov 4, 2021Member-only5 Things We LEARNED From the Federal Reserve’s Tapering AnnouncementYesterday the Federal Reserve announced their plans for tapering their asset purchases, which kicks off their monetary policy tightening. Here are five things we learned from the Federal Reserve announcement yesterday. 1 — The Tapering of Asset Purchasing The plan is to reduce by a total of $15 billion per month. This will be $10 billion from…4 min read4 min read
Nov 4, 2021Member-onlyOil Prices: Will OPEC Increase Production This Week?The OPEC meeting is happening on Thursday and they’re going to be deciding whether to stick with their planned supply increase of 400,000 barrels per day, which is what they agreed back in July, or whether they’ll increase it even more. There’s a delicate balance between supply and demand at…4 min read4 min read
Nov 2, 2021Member-onlyDid RBA Action Show They Lost Control in Markets? | Italian Bond Sell-Off an Issue for ECBWe’re on a heavy schedule this week with major market moving releases. While most people are focusing on the Bank of England and the US Federal Reserve, the Reserve Bank of Australia wasn’t one to ignore. In fact, as Jim Reid of Deutsche Bank wrote earlier in the week: “I’m…4 min read4 min read
