Insights

Nov 30, 2021
Markets ignoring economic data, new Covid variant, Omicron, causing renewed concerns

Markets this morning were already in negative territory and then Fed Chairperson Powell announced that the board will be discussing speeding up its bond buying tapering (removing cash from the system sooner than later). It now appears that the Fed has realized that inflation is now an obstacle to contend with, rather than a speed […]

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By MoneyWay
Nov 29, 2021
Equities have regained some of Friday’s losses on Biden’s comments

Equities rebounded after President Biden said economic lockdowns are off the table, giving investors a sense of relief as no one was sure which way governments were going to act. That being said, the World Health Organization (WHO) said on Monday the Omicron coronavirus variant carried a very high risk of infection surges as more […]

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By MoneyWay
Nov 26, 2021
Black Friday sale on equities and commodities!

Assets are cheaper today than yesterday, a combination of, thin trading, early close, no senior staff, and the news of a heavily-mutated Covid variant spooked markets greatly. One of the biggest losers is oil prices, West Texas Intermediate is down over $9 USD a barrel, down 11.62%, other commodities are down but as severely. Equities […]

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By MoneyWay
Nov 23, 2021
U.S Government wans other governments to release a portion of their oil reserves, prices go down and then move higher

The U.S. administration will withdraw from the Strategic Petroleum Reserve as part of a global effort from energy-consuming nations to calm 2021′s rapid rise in fuel prices. This included not only the U.S. but also India, China, Japan, Republic of Korea and the United Kingdom. The U.S. will endeavour to release 50 million barrels of […]

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By MoneyWay
Nov 19, 2021
Markets edgy as Austria imposes national lockdown, indications that Germany may follow as well

The Austrian government has placed the country in a total lockdown while Germany warned it may do the same. Europe has again become the epicentre of the pandemic, accounting for half of global cases and deaths. A fourth wave of infections has plunged Germany, Europe’s largest economy, into a national emergency. A touch of irony, […]

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By MoneyWay
Nov 17, 2021
Canada’s inflation rate, highest since 2003, interest rate hike?

Canada’s inflation rate is at its highest level since February 2003, it is the highest level ever since the Bank of Canada started targeting inflation in 1991. The problem that the BoC is facing is that it believes that rates will fall soon, once supply disruptions are alleviated, however this has become rather protracted and […]

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By MoneyWay

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