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 MoreBy 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 MoreBy 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 MoreBy 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 MoreIt’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 MoreIt’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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