Gold continues to reach new highs, most recently passing $2,500. While many consider precious metal as a hedge against inflation, the main factors that keep gold shining are the prospect of falling interest rates, weaker USD, geopolitical unrest, and rising…
Following the FOMC decision to keep rates unchanged in its July meeting, the market reaction – a plunge in stock prices for a couple of days – may have surprised Fed chair Jay Powell. Despite the sudden sharp reaction, I…
When Bank of Japan’s Governor Kazuo Ueda announced a rate hike of 25 basis points last week, it is hard to believe he expected things would turn out the way they did: The Japanese yen appreciated by nearly 5% against…
The Federal Reserve convened this week for its last meeting in 2020. The Fed didn’t make any significant changes to its policy and provided accommodating forward guidance and some clarity on its asset purchase program. The Fed expects to purchase…
Since the negative rates of April, the oil market has partly recovered and settled around $40. The ongoing high uncertainty over demand, along with the changes in production in non-OPEC and OPEC countries, haven’t moved oil from its $40 mark…
In a recent report, the IMF predicted Spain’s GDP could contract by 8% in 2020; the Bank of Spain estimates this year’s decline could reach 12.4% if the lockdown lasts 12 weeks (for now, the lockdown is expected to last…