Category Archives: Macro/Sector News

Italy to vote in referendum

Italians headed to the polls for a referendum on constitutional reform on December 4th. This vote can have major impacts on both local and foreign markets. This vote will decide the political future of Prime Minister Matteo Renzi, who has … Continue reading

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Iran to Deal with France’s Total as International Sanctions are Lifted

One of the largest oil companies in France has agreed to purchase hundreds of thousands of barrels of Iranian Crude a day. Oil Minister, Bijan Zanganeh, has decided to allow France’s Total SA to spur the oil industry through its … Continue reading

Posted in dollar, Economy, Euro, Forecasts, France, Global News, Global Trade, Iran, macro-economic, Macro/Sector News, Oil, OPEC, Pound, Uncategorized | Leave a comment

Fed Leaves Rates Unchanged in November, December Hike on the Table

As expected by the entire market, the Federal Reserve chose to leave interest rates unchanged on Wednesday ahead of the upcoming presidential election next Tuesday. The benchmark federal funds rate still sits at a target range of 0.25%-0.5% after the … Continue reading

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U.S Jobless Claims Total 246,000 vs. 254,000 Estimate

The number of people filing for unemployment benefits held at four-decade low last week, an evident signal for the Federal Reserve to raise interest rates in December. Despite economists’ initial forecast that applications for jobless benefits could rise to 254,000, … Continue reading

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The Pound at Weakest Level against Currency Basket

Since the U.K’s vote to leave the European Union (Brexit) on June 23rd, the sterling was traded at 31-year low against the dollar and 6 year-low against the Euro.More serious, over the last four months, the repercussion of Brexit are … Continue reading

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Keeping an Eye on Ireland

As a result of the Brexit vote earlier this year, Ireland intends on cutting down its debt to keep the economy afloat despite the damage to their exporting industry due to the British pound’s sharp decline. Minister of Finance Michael … Continue reading

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Baby Boomers Blow Up the Labor Force

In the recent election climate, a startling statistic regarding unemployment in the United States has surfaced: more than 94 million Americans over the age of 15 are not employed and not looking for employment. However, this number is severely skewed … Continue reading

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