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Joe Biden revealed the details of his US $2.25 trillion infrastructure stimulus plan last Wednesday. The key areas of interest, as expected, are modernizing infrastructure and upgrading manufacturing, research and development, as well as addressing climate change. The second plan, expected later...

Another legendary meme was created last week when Egyptian authorities released an image of the 400-meter container ship blocking the Suez Canal and being dug out by what seemed to be a miniature excavator. The humongous vessel has been stuck since Tuesday, blocking one of the most important...

Warren Buffett stated ‘Never bet against America’ in his latest annual letter to shareholders. The markets seem to agree with mister Buffett – American economy has rebounded from the recession and is now on an expansionary trajectory again, with a projected growth of 6.5% in 2021. U.S. fourth...

The upcoming week has been highly anticipated due to the number of central bank meetings taking place. We have the Fed, Bank of England and Bank of Japan giving their projections, monetary policy statement and announcing new benchmark interest rate. Out of the three, the Fed Chair Powell’s...

Market sentiment has taken a turn to dovish last week with a number of key interest rates decisively moving higheracross a number of developed economies. Outflow of capital from risk assets have pushed risk assets lower with Nasdaq-100 slipping -1.9%, S&P 500 losing -0.8% and Russell 2000...

March marks an important month for the world’s second largest economy – China. The annual Two Sessions – the most important political meetings of the year are taking place in Beijing, where a number of policy decisions are expected to be revealed to the public. This year is particularly...

The sentiment among investors has not changed with asset prices continuing to push into new highs, except for gold, which has lost some of the gains in early 2021 and has moved to levels last seen in July 2020. On the opposite side of the story is the NZDUSD pair, which is generally seen as...

The markets have shrugged off the recent volatility event and taken a step higher once again with S&P 500 rising 4.65%, Nasdaq-100 5.25% while Russell 2000 was up 7.7% last week. All these indexes reached another all-time-high. Risk-on sentiment has been prevailing since last week when President...

The world seems to be slightly more normal and pleasantly boring now that president Biden and vice-president Harris have taken office. The inauguration ceremony took place with no major escalations as Washington D.C. and other major U.S cities were heavily guarded. Biden signed a dozen of...

As we are nearing the 20th of January inauguration day in the U.S., the turmoil around U.S. Capitol building breach has not subsided. Around 20,000 National Guardsmen are expected to flood Washington D.C. next week, as per New York Times. Last week House Democrats sent a resolution to Vice...

The first week of 2021 has been anything but boring. The 2 undecided U.S Senate seats went to Democrats in Georgia Run-offs and the sitting U.S. Senate certified Joe Biden’s win. This was followed by historical pro-Trump protests in the U.S. which culminated with protesters breaching the U.S...

Here are the highlights for today's edition of the Daily Economic Market Outlook. Click here to learn more: http://bit.ly/3r3gZ6t Stay tuned for more technical analysis and insights on trading! *The products advertised are only available to clients under Primus Markets.

It was a big week on European data front last week as both the European Central Bank and European Council met. A number of important decisions and announcements were made that will shape Europe’s recovery in 2021. First and foremost, the ECB announced another EUR 500 billion of stimulus...