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Brexit Breakthrough
Brexit Breakthrough After months of discussions and nearly a year and a half after the Brexit referendum took place, there has been a breakthrough in the Brexit talks. Both sides have now agreed on major key issues which was vital before moving onto the trade talks, which are estimated to begin in February of next year. Overview of the deal...
Deal or No Deal
Deal or No Deal Brexit negotiations have been ongoing for some months now, and even while officials state that ‘sufficient progress’ in the talks has been made, the public are still unaware of what the details of said progress are. This week Theresa May was in Brussels and it was expected that here a deal would be agreed upon, with key issues ...
Oil on the Rise
Oil on the Rise After reaching its lowest price for 15 years back in January, we have seen the oil prices rising in the recent months since June. The price recently reached a two-year high following a partial closure of the Keystone pipeline connecting Canada-US oilfields. With more upcoming meetings and geopolitical tensions rising in the Middle E...
Mugabe Steps Down
Mugabe Steps Down Political tensions have been rising in the southern African nation of Zimbabwe over the last few days as the long-standing leader Robert Mugabe was placed on house arrest by the army in a coup*. The people of Zimbabwe have experienced tough times under Mugabe since he became the leader back in 1980, and on the 21st of November he ...
Middle East Tensions
Report by Deepta Bolaky A buoyant open on Oil markets this week amidst clampdown on corruption. The sudden arrests of a dozen princes, business tycoons and top officials in Saudi Arabia has caused a rally in oil prices, hitting a 2-year high. UKOUSD and USOUSD Source: Alphates MT4 It is reported that private airports were closed to prevent jets ...
US-Turkey Diplomatic Tensions
US-Turkey Diplomatic Tensions Both the US and Turkey have announced they have suspended all non-immigrant visa services for travel between the two nations. The shock announcement came after a United States consulate worker in Istanbul was held over suspected links to the cleric blamed for last year’s failed coup. The statement by the US missio...
Are we 5 weeks away from a US Government shutdown?
Are we 5 weeks away from a US Government shutdown? …and what does this mean for the markets? President Donald Trump has had a few admittedly less-than-stellar weeks. Topping off his widely condemned remarks following the Charlottesville, Virginia events, he went on to attack his Republican colleagues in the House and Senate. Recent polling...
New sanctions imposed on North Korea
New sanctions imposed on North Korea by United Nations (UN) Security Council North Korea has been slapped with new sanctions after the detonation of a hydrogen bomb, an even more powerful nuclear weapon than the atomic bomb. The new resolutions widely adopted by the international community show the urgency of restricting North Korea’s ability to ...
Harvey and Irma Effect
Harvey and Irma Effect It has not been a good couple of weeks for the United States and the Caribbean. Harvey and Irma formed in the Gulf of Mexico and the Atlantic respectively, causing large-scale devastation in the region. It is expected to cost the US economy billions of dollars to fix the damage both hurricanes left behind. It will certainl...
Europe’s Bond-Buying Program
The European Central Bank (ECB) engaged into a €2 trillion bond buying program to promote economic growth and drive inflation up in the Eurozone. It involves buying assets from commercial banks to inject more funds in the banking system. It is a non-standard monetary policy commonly referred as quantitative easing (QE). The market expected the QE...
Singapore 2017 Presidential Election
Fifty-two years ago, a small undeveloped 700 kilometer set of islands separated from the Federation of Malaysia to form the Republic of Singapore. In the recent past the area was administered by the British East India Company and directly as the British Crown Colony of Singapore. In 1965 the GDP per capita was less than $320, roughly 10% of the Ame...
German Election A Probable Grand Coalition
The German election is fast approaching and with the current polls and coalitions are practically inevitable. The 2013 Grand coalition - CDU/CSU and SPD was effective and the government was successful in implementing a lot of legislation in a harmonious way. Even at times of conflict such as the dual citizenship, both parties have arrived at a harm...
NAFTA Negotiations Begin
16th August 2017 marked the beginning of renegotiations between the United States, Canada and Mexico on the North American Trade Agreement (NAFTA). The leaders from each country will meet up over the next few months to begin discussions on the agreement which has been in place since 1994. American view The United States have got a tou...
Jackson Hole Economic Symposium
The annual Jackson Hole Economic Symposium sponsored by the Federal Reserve Bank of Kansas City has been held since 1978. From 1978-1981 it was held at different locations but since 1981 it has been held in Jackson Hole, Wyoming and this year is no exception. From 24th – 26th August 2017, the most influential central bankers, finance ministers, a...
German Election
The German election is one of the key elections for the Eurozone following the French and UK elections. Angela Merkel is in the final month of campaigning for a fourth term in power. With an anti-immigration party continuing to capture segments of the electorate, Merkel might be faced with a coalition with one or more opposition parties. Pol...