The sharp rally that has started at the beginning of November in the equity markets is still running even if a bit tired after six weeks. Not all the sectors performed the same, this is normal, but the differences in this bullish wave have been particularly strong.
The Fed is almost certainly going to hike, so this meeting is more about the guidance on interest rates next year.
This is less than what was expected and will catch markets off guard. They’ve bought some flexibility should the outlook become less favourable, which might give some comfort.
“Robots for economic growth, improved quality of life and empowerment of people”: this is the statement that opens the 2016 report titled: “A Roadmap for US Robotics – From Internet to Robotics”
The yellow metal’s price had slightly surged on Friday morning, as the bullion had touched the 1,177.62 mark. However, the metal reached the upper trend line of a short term descending channel pattern, and began to retreat. Meanwhile, daily aggregate technical indicators forecast no changes in the pair. By combining the two factors it seems clear that the rate will fall below to the weekly S1 at 1,162.76 and rebound against it to surge back to a level very close to the opening price of 1.170. In addition, this would then be the third time the weekly S1 would stop the fall of the commodity price.
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After nearly seven years from the end of the deepest global financial crisis of the postwar period, growth continues to be slow in advanced countries and falling in most emerging market economies. There is even the risk that the world may be drifting toward a new global financial crisis and even secular stagnation. These are the issues examined in this paper.
