The main theme of last week, of course, is British. Commemoratives in honour of Brexit were sold out in a matter of hours − the Royal Mint barely handled the orders. UK and EU begin to live separately, but a hangover after the festive banquet prevents assessing the prospects. Scottish nationalists...

Euro and ECB The ECB left the policy unchanged until the US presidential election in November, but a global review of the strategy has been announced. The press conference of Lagarde disappointed. The new head of the Central Bank is not an economist, perhaps that is why many questions were not ...

Everything is fine in the USA − only the JOLTs vacancy report was very different from the rest of the statistics, hinting at a possible slowdown in the labour market. This means that in the absence of convincing evidence of the global economic recovery, the dollar will be in strong demand. USA ...

Iran The murdered General Suleimani remains a factor in pressure on markets: exporting countries loud in praises to him as a man who gave his life for oil, and the buying countries hate him for it. It is possible to consider the American impeachment as the root cause, but also the repartition o...

Iran Yesterday, Iran announced its refusal to comply with the nuclear agreement, and US Secretary of State Pompeo believes that now any steps against Tehran can be considered «legitimate.» The killing of Qasem Soleimani increases the likelihood of direct military action in the region. Sanctions...

Euro The EU in the tariff war with the United States intends to drag out time until spring. Euro-asset volatility is underestimated, and risk-related assets are too expensive. The loss of investor interest in US stocks amid a slowdown in the US economy, lack of support from the Fed and overbought S...

USA Alas, in 2019 the dollar lost such trumps as the FRS's aggressive monetary restriction, but the weakness of rival currencies, the reduction of foreign trade deficits, and the S&P 500 rally did allow it to feel confident. The American show «Impeachment» is developing in a depressive scenario...

Philosophers believe that «A wonder lasts but nine days», but the events of the past week will be enough for the financial markets for a long time. So… Pound & Brexit The Tories received the necessary majority in the lower house of the British Parliament, so the opinion of the Eurosceptics on the ...

The November NFP is surely strong, the growth of jobs by 307К even after the end of the General Motors strike confirms the correctness of the FRS 's policy of «patience». The report caused fixing of positions of speculators on dollar shorts though influence of these statistics will be short-term: th...

For the first time in several months, dollar-related events do not exert strong pressure on the current market. So … Brexit Johnson is ready to pay his premiership for Brexit: he once again made a promise to withdraw Great Britain from the EU on time. This is a more reasonable statement, which...