Welcome to our look back at the previous month and a look ahead to what we might expect to see throughout March and beyond.
Last month we stated that the main drivers of the economy were COVID-19 Lockdowns, COVID-19 Stimulus Packages, COVID-19 Vaccines, the new US Government, US/China Trade Relations, and Brexit.
The main market drivers were pretty much the same as January’s, with a shift toward COVID vaccine programs, which are working better in some economies than others. This has seen notable gains in instruments like WTI, Brent Crude and GBP.
Also, traders and analysts have noticed a certain “predictability” to the markets, probably based on the new US government, which took over 21 January, and the removal of several psychological disorders, and at least one Twitter account, that had plagued the global economy for the last 4 years.
Last month we wrote about global trade issues with China which will be an ongoing issue. We hear rumblings from all major economies on this topic, including the demanding of accountability for the global pandemic and human rights abuses. To be honest, these issues with China will probably not be resolved until the planet gets the pandemic under control. However, any news on this will have a major impact on Commodities, Currencies and Equities.Read More