Here at Day Trading Academy (DTA), we provide a weekly review of markets and geopolitical events. Below you will find our most recent updates.
Feel free to peruse the most recent Day Trading Academy Blog articles by scrolling down, or choose your topic of interest below:
The big new for the week was the resignation of Prime Minister Matteo Renzi of Italy, following the referendum on Sunday. The politically center to left Mr. Renzi had previously stated, that he would resign if the vote for a reform of the Constitution failed in a popular vote. It was rebuffed by 59.6% of the electorate. The presidential election in Austria last Sunday saw a reaffirmation of victory for Alexander Van der Bellen. The former Green candidate had preached moderation and […]
The big new for the week was the deal to cut crude output within OPEC (Organization of the Petroleum Exporting Countries) that was agreed to in Vienna, Austria by the oil cartel on November 30th. OPEC agreed to a cut of some 1.2 million barrels a day, which would equate to a 4% to 4.5% cut in cartel production. Globally, this will amount to a reduction of between 1% and 2% of output. […]
The death of Fidel Castro at the age of 90 last week, definitely ends an era in Cuban history. He is no doubt, the most important leader of this island nation in the 20th century. His influence, will continue to determine the course of economic and political development inside Cuba. For the majority of the Cuban people, they cannot remember a time when Fidel Castro was not their leader or at least as in recent times, was overlooking developments within the country. There […]
The large electoral losses suffered by the Republican Party during the waning years of the Bush Presidency in 2006 and 2008 were well publicized. What has been less widely known, is the steady downward trend in the fortunes of the Democratic Party, since the inauguration of Barack Obama. At the same time, there has never been a time when the Republican Party has been in a position of such ascendancy. Not since the founding of the party in the 1850’s, have Republicans […]
The major news for the week, was the current rally in the global equity markets including the United States, following the news of a Trump victory in the U.S. presidential elections. All four main indices in the United States, hit new lifetime closing highs at the same time. This is the first occurrence since December 31, 1999. The main index, the Dow, has now surpassed 19,000. There are some analysts that are worried that many American based stocks are now overvalued, with […]
The major news for the week, was the ongoing rally in the global equity markets including the United States, following the news of a Donald Trump victory in the U.S. presidential elections. The main indices in the United States and in Germany hit new highs. The Dow peaked at just below 19,000, a new all time high. The German Dax reached a new high for the year, just below 11,000. Meanwhile, it has been estimated that more than $1 trillion USD (United […]
Last week the Prime Minister of India made a surprise announcement. That within 24 hours, the country’s largest bills would no longer be accepted as legal currency. The financial move was initiated, to deal with the rampant corruption that permeates throughout the nation. The government is removing the 500 and 1000 rupee notes, that is the equivalent of $7.50 and $15 dollars USD (United States Dollar) respectively. This will remove near 86% of the domestic currency that is now circulating in India, […]
When Donald Trump becomes president, he will attempt to fulfill many of the commitments he made to voters during the long and contentious election campaign. One of the reasons he was successful in his bid for the Presidency, was that he focused on job expansion and overall economic growth. The Trump agenda is ambitious. It calls for major changes in federal expenditures and tax collection. The effects will be felt on both the individual and the corporate level. One has to wonder […]
The major news for the week, was the dramatic drop in the global equity markets including the United States, following the news of a Donald Trump victory in the U.S. presidential elections. The major exchange the Dow Jones Industrial (Dow), plunged 800 points. This was a drop of over 4%. The following morning the losses were reversed and by Thursday, the main indices in the United States and in Germany hit new highs. The Dow peaked at 18,873.66 a new all time […]
The next President of the United States will inherit a far more dangerous world, than the one President Obama inherited. There are rising tensions with China, Russia, North Korea, as well as a number of nations in Africa and the Middle East. Extremist groups are rapidly spreading around the world, which threatens to further destabilize numerous countries. The failure to fully deal with a cancerous spread of terrorism, has been a major foreign policy failure of the Obama Administration. Is is true […]