Donald Trump - Most Influential Person of The Year
Donald Trump – Most Influential Person of The Year

2016 – The Most Influential People of the Year

4 months agoByBob Mason

Who will we remember from this year, adding the much loved volatility to the markets, providing the investor an opportunity to flourish or in some cases…?

Donald Trump would have to be ranked up there as number 1, with Janet Yellen as number two, though Trump may be a little miffed if he was to see Yellen as his number 2.

It would be hard to give first prize to anyone else for the simple fact that, since Friday 4th November to yesterday’s close:

  • The Dollar Spot Index has rallied 6.06%.
  • Gold has slumped 13.3%.
  • The Dollar – Yen has moved from ¥112 to ¥117.55, logging in a 13.99% gain indicative of just how risk friendly the president-elect actually is and perhaps most spectacularly
  • Dow has moved from 17,888.28 to 19,942.09. While in percentage terms the 11.5% gain is not as impressive as the moves in gold and the Yen, the fact that what had already been considered an over-priced major has managed to move over 1,000 points in less than 7 weeks in itself is almost fantastic.

The FED Chair certainly deserves some of the credit, having sat at the helm of the FED manovering the U.S economy through the global financial crisis to something resembling a mature economy today.

The best of the rest would have to include:

Vladimir Putin: A helping hand in Trump’s victory is a hot topic warranting debate, putting Putin in at number 3, though he has also had great influence in the global political arena throughout the year, indirectly impacting the financial markets, with tension between Turkey and with the Democrats, not to mention it’s desires to get a stronger foothold within the Middle East. Putin has been playing more of a global game and with Trump now waiting for the 20th January inauguration, the game may be complete, the Russian Ruble having rallied 15.6%, year-to-date.

One thing is certain, should the Democrats get back into the oval office in 4-years’ time, there will be a legacy issue to contend with and it won’t be easy.

Haruhiko Kuroda: The Governor of the Bank of Japan kicked off the year with a bang, dropping rates into negative territory for the first time in history at the end of January, only for the Yen to rally 3.5% in the days after the decision, the BoJ Governor forgetting one cardinal rule, BoJ monetary policy and currency intervention has limited impact on appetite for the Yen in periods of market stress and a FED shifting to a more dovish outlook.

He had to face parliament and justify the decision and to this day, the BoJ remains under scrutiny on whether it is able to achieve its sole mandate of 2% inflation target.

David Cameron: Britain largely has David Cameron to thank for Brexit, with even the Brexit camp ill-prepared for the shock outcome, which was as much down to the lack of the government’s ability, than the Brexit camp’s abilities.

The Prime Minister resigned sobbing on his way out, cable slumping from a pre-referendum $1.4877 to a post referendum low of $1.2123 and let’s not forget that flash crash in October, which sent cable down 9% to $1.14 in less than a minute, leaving all of us refreshing charts in disbelief.

Mark Carney: The BoE Governor certainly justifies inclusion in the top 10, his calm yet assertive speech upon the result of the EU referendum easing any immediate market panic, the FTSE100 rebounding from an post referendum low of 5,982.2, to well above pre-referendum levels in a matter of days, the market’s buying into the Governor’s assurances and with just cause.

The Brexit panic had wiped a whopping $2.08tn off global shares in the aftermath of the referendum result.

Khalid Al-Falih: We would normally like to accredit the agreement by OPEC members to cut production to the Secretary General, but the final agreement must be attributed to the Saudis and their willingness to swallow their pride in the interest of restoring price stability. WTI had hit an intraday low of $26.02 in February. There were doubts that the Saudis would be able to put aside their difference with the Iranians, following the failed April agreement, but in the end they did and WTI currently sits at $52.5, with OPEC agreeing to cut production for the first time in 8-years.

With elections in key member states within the EU in 2017 to consider, a possible European banking crisis and perhaps an Asian debt crisis, 2016 may seem like a walk in the park. Some of those involved in yesterday have survived, others will be thanking their lucky stars that they are out of the game.

More News

North Korea’s Defiance of Trump Pushes Gold to Forefront

Gold is likely to be in focus this week after taking a backseat last week to the French elections, central bank meetings, and U.S. policy announcements. Pushing it back to the forefront will be the possibility of escalating military activity in North Korea based on events over the week-end. Demand for the safe-haven metal fell … Continue reading North Korea’s Defiance of Trump Pushes Gold to Forefront

4 Things You Need to Know Before the Market Opens

The French elections pushed global markets to record highs and postponed investors’ concerns for another week. The Euro climbed versus the US dollar after a long time of consolidation as Emmanuel Macron’s victory in the first round put at ease the European political uncertainty. Safe haven assets prices also dropped, and currently the markets major concern … Continue reading 4 Things You Need to Know Before the Market Opens

Stockpair - Best Customer Support Service

Interview with Awarded Broker – Stockpair

Below is an interview with the ‘Best Customer Support Service 2016‘ awarded broker – Stockpair. Stockpair Review: “Stockpair is a binary options broker that specializes in offering retail financial traders a fuss free way to trade the financial markets. The unique thing about Stockpair is the fact that they specialize in pair options. In fact, … Continue reading Interview with Awarded Broker – Stockpair

Kiwi Plunges on Trump Trade Policy Concerns

The New Zealand Dollar also fell under pressure despite the rise in demand for risky assets. It tumbled to its lowest level of the year in reaction to concerns over the Trump Administration’s trade policy. The NZD/USD ended the week at .6859, down 0.0168 or -2.40%. New Zealand Dollar traders reacted negatively to the news … Continue reading Kiwi Plunges on Trump Trade Policy Concerns

U.S. GDP Comes in Below Expectations at 0.7 Percent

The U.S. economy sputtered in the first quarter of Donald Trump’s presidency, growing at the slowest pace in three years while serving as a reminder of the fragility of the nation’s economy. According to the Commerce Department, U.S. Gross Domestic Product grew at a 0.7% annual rate in the first quarter from the preceding three … Continue reading U.S. GDP Comes in Below Expectations at 0.7 Percent

Euro Jumps on Surprise EU Inflation Figures

European stock markets are mixed, with the FTSE 100 underperforming following weaker than expected Q1 GDP numbers which will give the BoE some room before having to tighten rates. Eurozone markets managed to stabilized and are posting modest gains. It is the DAX that is underperforming flat on the day, while MIB and IBEX are … Continue reading Euro Jumps on Surprise EU Inflation Figures

Expand Your Knowledge

Prices should remain robust.

Is There a Real-Estate Bubble?

As the S&P 500 index and other global equity bourses hit fresh all-time highs, it is important to evaluate whether the markets are getting ahead of themselves, specifically in the housing space, as the housing market meltdown was the catalyst which brought down the equity markets beginning in 2008. Could there possibly be another real-estate … Continue reading Is There a Real-Estate Bubble?

How Does a Country’s Gold Reserve Affect its Economy?

Last month I watched one of James Bond’s movies called ‘Golden Finger’, which was produced in 1964. The story was about a villain who wanted to contaminate the US gold reserve in Fort Knox, his notion was to save gold bullions that will eventually multiply its price. As I was watching this movie, I wondered about the … Continue reading How Does a Country’s Gold Reserve Affect its Economy?


Marijuana – Is it Economic for You?

The long and windy road of legalizing Marijuana in U.S states begun some time ago, States currently with legalized possession for recreational use include: Alaska, California, Colorado, Maine, Maryland (decriminalized 10g or less), Massachusetts, Minnesota (decriminalized), Nevada, New York (decriminalized unless open to public view), North Carolina (decriminalized 0.5oz or less), Oregon and Washington. In … Continue reading Marijuana – Is it Economic for You?

One economic bubble that springs to mind is U.S student loans

Economic Bubble – The History, The Reasons and The Future

The Bubble History No bubbles, no troubles used to be a phrase used to describe the effects of carbonated drinks, but has since evolved to simply mean ‘no troubles.’ Perhaps quite apt when considering the global markets and the evolution and impact of bubbles on global markets, economies and investor capital. There’s been plenty of … Continue reading Economic Bubble – The History, The Reasons and The Future

Global Agricultural Trading Continues to Provide Price Transparency

Food ingredients date back more than 200K years.  The human diet initially consisted of animal proteins, fish, fruits, vegetables and nuts. The introduction of grains into the human diet came approximately 10K years ago.  This included wheat and barley with rice and corn coming about 3K years later. History of Food For most of history, … Continue reading Global Agricultural Trading Continues to Provide Price Transparency

Coffee Beans

How do You Like Your Coffee?

Long before the Pepsi’s and Coke’s of the world, more than 300 years ago, to be precise, people found about the leaves of a plant which had a nice taste and seemed to give them a lot of energy when eaten as such or when they brewed and drunk it. This was from a plant … Continue reading How do You Like Your Coffee?

See All

FX Empire - the company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as link result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.
FX Empire may receive compensation from the companies featured on the network.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. FX Empire bears no responsibility for any trading losses you might incur as link result of using any data within the FX Empire.