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Steve Miley (The Market Chartist)
Steve Miley is the Market Chartist and has 32 years of financial market experience and as a seasoned expert now has many responsibilities. He is the founder, Director and Primary Analyst at The Market Chartist, the Editor-in-Chief for FXExplained.co.uk, the Academic Dean for The London School of Wealth Management
At FXExplained.co.uk Steve is the Editor-in-Chief, alongside producing numerous articles for the site. The ability to be able to reach out to a wide, global audience with his own analysis and also assist and nurture other authors in their creative process makes this a role that Steve values deeply.
Here are Steve’s tips on what pages to follow closely on FxExplained: Current market analysis and Best trading app in UK.
The Market Chartist
The Market Chartist was founded in 2012 and provides daily technical analysis reports, with written commentary and key support/ resistance levels to an institutional, professional and retail client base. The 30+ daily reports include European, UK and US Bonds & Equity Index Futures, G10 currencies, UK Natural Gas, TTF Gas, German Power, EUA Emissions and LME Base Metals.
As The Market Chartist, Steve has won many awards from the Technical Analyst Magazine. He was the 2016 & 2013 Winner (plus 2014 Runner Up) for Best Independent Fixed Income Research & Strategy and winner of Best FX Research & Strategy in 2012. He was also a finalist in the Technical Analyst of the Year category each year for 2012-2017.
Other Current Positions
Steve is also the Academic Dean for The London School of Wealth Management, a role he really enjoys. He appreciates the opportunity to be able to educate a diverse array of students in all aspects of the financial market’s world. Steve says “to be able to be a part of transforming an individual’s life through education is truly a privilege and very exciting”.
Steve also writes extensively for numerous financial markets sites including: FxStreet.com, TechnicalAnalyst.co.uk, InsideFutures.com, BarChart.com, StockTwits.com, StockBrokers.com, AskTraders.com and Investing.com.
Previous to this, Steve was also a Senior Lecturer at The London Academy of Trading where he fully began his journey into the world of education. It was here that he honed his skills as a lecture and mentor in the world of financial markets education.
Vast Technical Analysis Experience
Steve has also helped technical analysis push into a new era in his previous role as Director at Vega Insight. Vega Insight is a relatively new company with a specific focus on Artificial Intelligence and Machine Learning in global commodity and broader financial markets, with special focus on Energy. In his role Steve was responsible for the technical analysis inputs to the Artificial Intelligence and Machine Learning.
Steve spent 2009-2012 as a Director in the Technical Analysis Research Strategy team at Credit Suisse. Steve managed the FX division, responsible for the reports, forecasts and bank wide research for G10 & Emerging Markets currencies. In this role he also covered all major asset classes including Equity Indices, Rates & Credit, plus Commodities.
Steve spent most of his career at Merrill Lynch for 15 years from 1994-2009. The last ten years was as a Vice President in the research department as a technical analyst, responsible for daily reports, client presentations, plus in-house and client education programs. Prior to this, Steve was in the Fixed Income derivatives sales team where he managed the Italian Futures desk (BTP and EuroLira) on LIFFE (the London International Financial Futures Exchange). He was responsible for a four-man sales team, who consistently produced high volume of sales from both in-house and external clients.
He is a Member of the Society of Technical Analysts (MSTA) and holds a Master’s degree in politics, Philosophy & Economics from Oxford University (Lincoln College).
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 10/04/23 Easter Monday holiday, UK and European markets are closed; Fed’s Williams speaks 11/04/23 China CPI; EU Retail Sales; Fed’s Harker speaks 12/04/23 Fed’s Kashkari speaks; US CPI; BoC interest rate decision and statement; FOMC Minutes released 13/04/23 Australian Employment report; … Continued
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There has been a re-emergence of a banking crisis in 2023. Suddenly, traders are looking out for key indicators of stress in the banking system. This has brought credit default swaps back into focus. This is enough to put the shudders down the spine of even the hardiest of traders. Credit Default Swaps (or CDS … Continued
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 03/04/23 S&P Global Manufacturing PMI (global): US ISM PMI; Fed Governor Cook speaks 04/04/23 RBA interest rate decision and statement; Fed Governor Cook speaks 05/04/23 S&P Global Services PMI (global): US ISM PMI; US ADP Employment change 06/04/23 Canada Employment report … Continued
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 27/03/23 Shift to Daylight Saving Time in the UK and EU on 26/03/23; German IFO 28/03/23 Australian Retail Sales 29/03/23 Australian CPI 30/03/23 EU Consumer Confidence; German CPI; US GDP and PCE 31/03/23 Japan CPI; China PMI; UK GDP; German Retail … Continued
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 20/03/23 Japan Vernal Equinox Day markets closed; no data of note 21/03/23 RBA Meeting Minutes; German ZEW Survey; Canadian CPI 22/03/23 UK CPI; US FOMC Interest Rate Decision, Projections and Press Conference 23/03/23 SNB and BoE Interest Rate Decisions 24/03/23 UK … Continued
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 13/03/23 US switched to Daylight Saving Time on Sunday 12/03 14/03/23 UK Employment report; US CPI 15/03/23 BoJ Monetary Policy Meeting Minutes; China Retails Sales; EU industrial Production; US Retail Sales 16/03/23 Australian Employment report; ECB Monetary Policy Decision, Statement and … Continued
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 06/03/23 EU Retail Sales 07/03/23 RBA interest rate decision; Jerome Powell testimony to Congress 08/03/23 German Retail Sales; EU Employment and GDP; ADP Employment Change; Jerome Powell testimony to Congress; BoC interest rate decision 09/03/23 Japan GDP; China CPI 10/03/23 BoJ … Continued
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 27/02/23 US Durable Goods 28/02/23 Australian Retail Sales; Canada GDP; US Consumer Confidence 01/03/23 Australian GDP; global S&P Global Manufacturing PMI; German Unemployment and CPI; US ISM Manufacturing PMI 02/03/23 EU Unemployment and CPI 03/03/23 Global S&P Global Services and … Continued
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 20/02/23 US Presidents day holiday, US equity and bond cash markets are closed; PBoC interest rate decision 21/02/23 RBA Meeting Minutes; global S&P Global Flash Purchasing Managers Index (PMI); Canada CPI and Retail Sales 22/02/23 German CPI; German IFO Survey; FOMC … Continued
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 13/02/23 Nothing of note 14/02/23 Japan GDP; UK Employment report; EU GDP; US CPI 15/02/23 UK CPI; US Retail Sales 16/02/23 Australian Employment report; US PPI 17/02/23 UK Retail Sales
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 06/02/23 EU Retail Sales 07/02/23 RBA interest rate decision; Fed’s Powell speaks 08/02/23 Nothing of note 09/02/23 German CPI 10/02/23 China CPI, UK GDP, Manufacturing and Industrial Production; Canada Employment report; US Michigan Consumer Sentiment
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 30/01/23 German GDP; EU Consumer Confidence 31/01/23 China PMI; German Retail Sales; EU GDP; German CPI; US Consumer Confidence 01/02/23 EU CPI; global Manufacturing PMI from S&P Global; US ISM Manufacturing PMI; FOMC interest rate decision 02/02/23 BoE interest rate decision; … Continued
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 23/01/23 BoJ Meeting Minutes; EU Consumer Confidence 24/01/23 Flash PMI global drive from S&P Global 25/01/23 Australian CPI; German IFO; BoC interest rate decision 26/01/23 US GDP, PCE, Durable and Capital Goods Orders 27/01/23 US PCE
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 16/01/23 US Martin Luther King Holiday, equity and bonds cash markets are closed 17/01/23 China GDP, Industrial Production and Retail Sales, UK Employment report, German CPI, German ZEW Survey, Canada CPI 18/01/23 UK inflation report (CPI); EU CPI; US PPI and … Continued
Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 09/01/23 EU Unemployment 10/01/23 Japan CPI 11/01/23 China CPI 12/01/23 US CPI 13/01/23 UK GDP, Industrial & Manufacturing Production; Michigan Consumer Sentiment
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Macroeconomic/ geopolitical developments Global financial market developments Key this week This will be the last MacroWatch report for 2022. Happy holidays to you all, Merry Christmas and wishing you a great trading and investing year for 2023! Date Key Macroeconomic Events 19/12/22 German IFO Survey 20/12/22 RBA Meeting Minutes, PBoC interest rate decision; BoJ interest … Continued
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 12/12/22 UK GDP, Industrial and Manufacturing Production 13/12/22 UK Employment; German CPI; German and EU ZEW Survey; US CPI 14/12/22 Japan Tankan report; UK inflation report (including CPI); FOMC Meeting, interest rate decision and press conference 15/12/22 Australia Employment; China Industrial … Continued
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 05/12/22 Global Services and Composite PMI data from S&P Global and US ISM Service PMI; EU Retail Sales 06/12/22 RBA interest rate decision 07/12/22 Australian GDP; EU GDP; BoC interest rate decision 08/12/22 Japan GDP 09/12/22 US PPI; Michigan Consumer Sentiment … Continued
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 28/11/22 Australian Retail Sales 29/11/22 German CPI; Canadian GDP 30/11/22 Australian CPI; German Employment report; EU CPI; ADP Employment change; US GDP and PCE; Fed Chairman Powell speaks 01/12/22 German Retail Sales; global PMI data from S&P Global and US ISM … Continued
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Macroeconomic/ geopolitical developments UK inflation accelerated more than anticipated in October to hit a 41-year high of 11.1%, significantly above the 10.1% print in September. Global financial market developments Key this week Date Key Macroeconomic Events 21/11/22 PBoC interest rate decision 22/11/22 Canada Retail Sales 23/11/22 RBNZ interest rate decision; global Flash PMI from S&P … Continued
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 14/11/22 Nothing of note 15/11/22 RBA Minutes; China Retail Sales; UK Employment; EU GDP; German ZEW Survey; US PPI 16/11/22 UK inflation report (including CPI); US Retail Sales; Canada CPI 17/11/22 Australia Employment; EU CPI 18/11/22 UK Retail Sales
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The Fibonacci sequence of numbers has been used in trading strategies for many decades now and is a valuable tool in the identification of important levels to monitor when trading markets. In this article, we will look at: The historical and mathematical basis of the Fibonacci numbers An outline of the various Fibonacci numbers used … Continued
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“Insanity is doing the same thing over and over and expecting different results.” – Albert Einstein Progress can be tracked by considering the history of a set of actions and outcomes. For a trader or investor, if you want to learn how to successfully trade Stocks, Indices, Forex, Bonds or Commodities (or any of the … Continued
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Macroeconomic/ geopolitical developments Global financial market developments Key this week Date Key Macroeconomic Events 07/11/22 China trade data 08/11/22 US midterm elections; EU Retail Sales 09/11/22 China CPI 10/11/22 US CPI 11/11/22 UK GDP; German CPI; US Veterans Day, Bond markets closed
Expert
Here we present the Hawk / Dove sheet, an explanation of the terminology as well as the implications on forex trading and how it is used in fundamental analysis. Hawkish and Dovish HawkishA Hawk is a term originally used in economics to describe economists or Central Bankers who are more concerned with potential recession from … Continued
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Macroeconomic/ geopolitical developments US third-quarter earnings results are largely meeting or beating expectations. About a fifth of S&P 500 companies have reported Q3 results, and approximately 73% have exceeded forecasts. Investor sentiment has been very negative, possibly assisting the market rebound, the Bank of America Fund Managers monthly survey showed investors were holding the most … Continued
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Macroeconomic/ geopolitical developments US core consumer price index (CPI) inflation hit at four-decade high, at 6.6% year-over-year, higher than consensus. Earnings season began, with US financials leading the way, overall posting above expectations. In the UK, the U-turns continue on the much-criticised mini budget, with the chancellor of the exchequer, Kwasi Kwarteng a political casualty, … Continued
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Macroeconomic/ geopolitical developments On the data front, Monday saw the release of the US ISM Manufacturing PMI activity data, which was below expectations, and also showed falling price pressures (fuelling a risk on theme to start the week, month and quarter). Further easing inflation fears and adding to the risk on tone, the US job … Continued
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Macroeconomic/ geopolitical developments The UK mini-budget on Friday 23rd September that saw tax-cuts, the cancellation of national insurance and corporation tax increases, supply-side reforms, plus a GBP 60 billion energy support package had serious impacts on global financial markets last week. The Pound plunged across the Forex board, which saw Cable, GBPUSD, hit an all-time-low, … Continued
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Macroeconomic/ geopolitical developments The key focus last week was the Federal Reserve Open Market Committee (FOMC) decision, statement and press conference on Wednesday. This brought an anticipated 75bp rate hike, but also a more hawkish tone than markets had anticipated, with rates possibly now moving to a higher peak in 2023 up to 4.50% and … Continued
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Macroeconomic/ geopolitical developments The dominant event last week was the far higher than expected release for the US Consumer Price Index (CPI) data on Wednesday. Headline CPI rose 8.3% YoY ended August against expectations of an 8.1% rise. Core inflation (CPI excluding food and energy) leapt to its highest level since March at 6.3%, higher … Continued
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Macroeconomic/ geopolitical developments Easing inflation fears seemed to be at work last week, possibly assisted by a midweek decline in oil prices to multi-month lows. Plus, the Fed’s “Beige Book” indicated that price increases were moderating in 9 of its 12 districts. Fed speakers Brainard and Mester also delivered comments that seemed to be more … Continued
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Macroeconomic/ geopolitical developments Further hawkish messages from Federal Reserve officials last week have reinforced the tone evident since the Fed Chair, Jerome Powell’s 26th August Jackson Hole speech. Friday’s US Employment report saw 315K jobs added, down from the revised 526K number for July, but still a solid report. Global financial market developments The major … Continued
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Macroeconomic/ geopolitical developments Markets had interpreted Fed Chair Jerome Powell’s post-meeting press conference after the July 26-27 policy meeting as a dovish “pivot”. Last week several Fed officials pushed back against this dovish market narrative and indicated that the central bank is still steadfast in raising rates until inflation is under control House Speaker Nancy … Continued
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Macroeconomic/ geopolitical developments As expected, the Federal Open Market Committee (FOMC) increased rates on Wednesday by 0.75%, taking the benchmark Fed Funds rate to about 2.5% Powell highlighted a Fed Funds range of 3.0%-3.5% by year end, implying about 50-100 basis points of more tightening over the three meetings for the balance of this year, … Continued
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Macroeconomic/ geopolitical developments The Monthly Fund Manager Survey from Bank of America showed that funds’ cash holdings are at their highest levels since 9/11, and equity exposure at the lowest levels since the 2007–2009 global financial crisis and recession. This can be viewed as a contrary indicator, meaning that there is plenty of cash to … Continued
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Macroeconomic/ geopolitical developments The big data print came from US CPI on Wednesday with the headline number moving to 9.1% YoY, up from the 8.6% print in May and higher than consensus. There is now a growing anticipation from short-term interest rate markets that the Fed could raise rates by 1.00% at their meeting on … Continued
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Macroeconomic/ geopolitical developments The FOMC Meeting Minutes on Wednesday reinforced recent hawkish comments from Fed members. S&P Global Services and Composite PMI, plus US ISM Services PMI came in above forecast for the US and were also broadly better than expected globally and notably for the UK and across Europe, although hitting very low levels. … Continued
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Macroeconomic/ geopolitical developments The European Central Bank (ECB) Forum on Central Banking 2022, from Sintra, Portugal saw the world’s major central bankers reaffirm their commitment to fighting inflation. The Manufacturing Purchasing Managers Index (PMI) data was mixed last week, with some of the European data beating expectations, whilst the US PMI data from S&P Global just … Continued
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Macroeconomic/ geopolitical developments Moderating inflation pressures and falling growth data helped global stock indices secures gains and technical bases last week. Global S&P Flash PMI on Thursday were not only lower than for May, but also below expectations in many instances, with the US services data hitting its lowest level since January. In addition, long … Continued
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Macroeconomic/ geopolitical developments Central Banks were front and center last week, with the Swiss National Bank (SNB), US Federal Reserve (Fed), European Central Bank (ECB), Bank of England (BoE) and Bank of Japan (BoJ) all in play. First, the ECB held an ad hoc, emergency meeting on Wednesday to deal with surging bond yields for … Continued
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Macroeconomic/ geopolitical developments As expected, the European Central Bank (ECB) pivoted to a more hawkish stance on Thursday, signaling a rate hike in July and maybe more aggressive rate hikes than anticipated thereafter. In addition, they announced the end to their Quantative Easing (QE) program, the Asset Purchase Program (APP) Friday’s US CPI data showed … Continued
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Macroeconomic/ geopolitical developments The EU agreed on a partial ban on Russian oil. OPEC+ agreed on bigger oil-output hikes for July and August on Thursday, but still disappointed the oil market, which rebounded strongly, having previously sold off in anticipation of more aggressive hikes. EU inflation hit a new record high at 8.1%. Despite markets … Continued
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Macroeconomic/ geopolitical developments Selling exhaustion in the equity markets saw recoveries last week, and a cross market shift to a “risk on” theme. This was helped by some positive forecasts from Macy’s, Ralph Lauren and Nordstrom. Fed Minutes pointed to hints of flexibility, helping the more positive outlook. Economic data was mixed, but the PCE … Continued
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Macroeconomic/ geopolitical developments Poor results from US retailers, notably Target, but also Walmart, Lowe’s and Home Depot, highlighted a weakened US consumer. This stoked fears of a larger slowdown and future recession. This on top of US and global inflation worries, and hawkish Central Banks stoked the stagflation fire. Fed speakers, including Chair Powell have … Continued
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Macroeconomic/ geopolitical developments US CPI headline data year over year rose 8.3%, falling from March’s pace but not as much as expected, with consensus around 8.1%. Jerome Powell again stated that a hike of 0.75% was not something being actively considered, but was still a possibility. Possible easing of pandemic lockdowns in Shanghai, China brought … Continued
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Macroeconomic/ geopolitical developments A 0.5% hike by the Fed as expected, but Jerome Powell stated that a hike of 0.75% was “not something we are actively considering.” Stock indices initially rallied strongly on this information Wednesday, then reversed these gains and more on Thursday and Friday. Friday’s US Jobs reports saw 428K jobs added in … Continued
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Macroeconomic/ geopolitical developments Disappointing earnings results from the tech sector last week, including Alphabet and Amazon, and concerning forward guidance from Apple eclipsed solid Meta numbers. The US core Personal Consumption Expenditures (PCE) price index YOY data, which is the Fed’s preferred inflation gauge posted its first deceleration in over a year, whilst the YOY headline … Continued
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Macroeconomic/ geopolitical developments More hawkish comments from various Fed policymakers, notably Bullard and Fed Chair Powell indicated even more aggressive interest rate hikes in 2022 and also in the near future, sending bond and stock markets lower in the US and globally. European Central Bank (ECB) hawks and doves have called for earlier and more … Continued
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Macroeconomic/ geopolitical developments US headline CPI data leapt by 1.2% in March, with the year-over-year rise at 8.5%, above consensus expectations to a four-decade high. More hawkish comments from Charles Evans of the Fed (historically a dove) regarding accelerated rate hikes echoed the comments the prior week from another dove, Lael Brainard. The European Central … Continued
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Macroeconomic/ geopolitical developments Hawkish comments from Lael Brainard of the Fed (usually more of a dove) regarding rate hikes and balance sheet normalization saw Bonds yields surge last Tuesday, with growth/ tech stocks leading the US stock averages lower. This was affirmed by Wednesday’s FOMC Meeting Minutes, which reinforced a more hawkish threat from the … Continued
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Macroeconomic/ geopolitical developments The financial markets have been less dominated by the Russian invasion of Ukraine, as a lack of any significant escalation has seen a further shift towards more of a “risk on” theme for stocks since mid-March. There have also been hopes from the Ukraine/ Russia talks and also from reported setbacks suffered … Continued
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Macroeconomic/ geopolitical developments The financial markets have been less dominated by the Russian invasion of Ukraine, as a lack of any significant escalation has seen a further shift towards more of a “risk on” theme for global risky assets (notably stocks) since mid-March. This has also been assisted by hopes from the Ukraine/ Russia talks … Continued
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Macroeconomic/ geopolitical developments The financial markets have once more been dominated by the Russian invasion of Ukraine, but with a shift towards more of a “risk on” theme through mid-March. This has been driven by hopes from minimally positive signals from the Ukraine/ Russia talks. And, although there have been some upsetting impacts on civilians, … Continued
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Macroeconomic/ geopolitical developments The financial markets have again been dominated by the Russian invasion of Ukraine, with shifts between “risk on” and “risk off” themes. Further punitive sanctions including the US barring Russian oil imports has increased the threat to global trade and global economic growth. Global commodity prices have again risen aggressively, but also … Continued
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Macroeconomic/ geopolitical developments The financial markets have again been dominated by developments in the Russian invasion of Ukraine, with shifts between “risk off” and “risk on” themes. More punitive sanctions have seen European and U.K. stocks under particular pressure given the likely impact on global trade and the global economy. Global commodity prices have risen … Continued
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Macroeconomic/ geopolitical developments The markets were dominated last week with shifts between “risk off” then “risk on” themes with the Russian invasion of Ukraine. The “risk off” theme on the initial invasion quickly shifted to “risk on”, as is often seen when conflict is predicted by markets and then finally breaks out, “sell the rumour, … Continued
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Macroeconomic/ geopolitical developments The markets were dominated last week with shifts between “risk on” then “risk off” themes with conflicting reports regarding the potential for conflict starting between Russia and Ukraine. Reports of Russian troops withdrawing saw a “risk on” move earlier in the week, which was dismissed by Western statements regarding a potentially imminent … Continued
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Macroeconomic/ geopolitical developments Another inflationary shock to the upside with the release of the US CPI data on Thursday that saw a print of 7.5% on an annual basis, above consensus estimates and at its highest level for 40 years, since 1982. The surging inflation data from the US (and globally so far in 2022) … Continued
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Macroeconomic/ geopolitical developments A more hawkish tone from global central banks with the Fed shifting more hawkish through January, on Thursday we saw the Bank of England and European Central Bank both signal a more hawkish tone. The Bank of England delivered a 25bp interest rate hike as anticipated, but the vote was close for … Continued
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Macroeconomic/ geopolitical developments We got the US Federal Open Market Committee (FOMC) interest rate decision, statement and press conference on Wednesday and although markets moved initially to a “risk on” theme after the statement, the press conference saw a “risk off” shift, as, markets interpreted comments from Fed Chair Jerome Powell as opening the door … Continued
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Macroeconomic/ geopolitical developments Increasing worries of global inflationary pressures and fears of even higher interest rates from the major Central Banks have seen a more aggressive shift to a “risk off” phase through mid-January. These concerns have been heightened by the threat of conflict as Russia continues to amass troops on the Ukrainian border. These … Continued
Intermediate
Macroeconomic/ geopolitical developments Ongoing concerns of global inflationary pressures have seen an erratic start to the year for global markets, seen again last week. The US CPI data for December showed a 7% rise over a year, the highest inflation rate since 1982! Although this was priced in, it continues to fuel inflationary and higher … Continued
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Macroeconomic/ geopolitical developments 2022 kicked off with a continuation of the latter 2021 theme of rising concerns of global inflationary pressures. This saw a rise in not just US bond yields, but in global bond yields, particularly in the major, economic centres. This higher yield theme was reinforced by the release of the Minutes from … Continued
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Macroeconomic/ geopolitical developments Concerns that the Omicron strain of COVID-19 could contribute to supply chain disruptions and weigh on global economic growth have resurfaced over the past week. This has been driven by global medical institutions warnings of the more contagious aspect of Omicron the surging numbers of cases in many countries (for example the … Continued
