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HOMEEconomic Updates
Is Germany on the Brink of a Technical Recession?
By Deepta Bolaky @DeeptaGOMarkets Is Germany on the Brink of a Technical Recession? Europe’s largest economy and the world’s fourth-largest economy is at risk of going into a technical recession. Such recession arises after two consecutive quarters of economic decline. In the second quarter of 2019, the German’s economy had contracted ...
Read MoreDid China Retaliate with a Currency War?
By Deepta Bolaky @DeeptaGOMarkets A Currency War Did China retaliate with a Currency War? Monday kicked-off with a bang with plenty of big moves in the financial markets. A risk-off sentiment prevails in the markets as dark clouds of trade tariffs resurfaced and are overshadowing the markets. Investors are awaiting for China to retaliate. Ho...
Read MoreNew UK Prime Minister Labelled “Britain Trump”
By Deepta Bolaky @DeeptaGOMarkets “Britain Trump” Britain has a new Prime Minister and as highly expected, Boris Johnson won the race over his opponent, Jeremy Hunt to become the new Tory leader. It was a convincing win despite the controversial headlines about Boris Johnson. Again as widely expected, we saw a few ministerial resign...
Read MoreBack-To-Back Interest Rate Cuts
By Deepta Bolaky @DeeptaGOMarkets Second Rate Cut The Reserve bank of Australia (RBA) cut interest rate by 25 basis points which marks the first back-to-back rate cut since 2012. The RBA also sets the interest rate to a record low at 1%: “Today's decision to lower the cash rate will help make further inroads into the spare capacity i...
Read MorePreview: Non-Farm Payroll Announcement
It’s a new month which means the latest Non-Farm Payroll figures will be released this week by the Bureau of Labor Statistics. The latest data will be released at 13:30 PM London time on Friday. Why is the announcement important? Non-farm payroll is one of the most closely watched indicators and is considered the most wide-ranging measu...
Read MorePreview: Non-Farm Payroll Announcement
It’s a new month which means the latest Non-Farm Payroll figures will be released this week by the Bureau of Labor Statistics. The latest US jobs data will be released at 13:30 PM London time on Friday. Why is the announcement important? Non-farm payroll is one of the most closely watched indicators and is considered the most wide-rangi...
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