🍪 Cookies

We use cookies to store, access and process personal data to give you the best online experience. By clicking Accept Cookies you consent to storing all cookies and ensure best website performance. You can modify cookie preferences or withdraw consent by clicking Cookie Settings. To find out more about cookies and purposes, read our Cookie Policy and Privacy Notice.

Cookies settings


Cookie Control

What are cookies?

Cookies are small text files that enable us, and our service provides to uniquely identify your browser or device. Cookies normally work by assigning a unique number to your device and are stored on your browser by the websites that you visit as well as third-party service providers for those website. By the term cookies other technologies as SDKs, pixels and local storage are to be considered.


If Enabled

We may recognize you as a customer which enables customized services, content and advertising, services effectiveness and device recognition for enhanced security
We may improve your experience based on your previous session
We can keep track of your preferences and personalize services
We can improve the performance of Website.


If Disabled

We won't be able to remember your previous sessions, that won't allow us to tailor the website according to your preferences
Some features might not be available and user experience reduced without cookies


Strictly necessary means that essential functions of the Website can not be provided without using them. Because these cookies are essential for the properly working and secure of Website features and services, you cannot opt-out of using these technologies. You can still block them within your browser, but it might cause the disfunction of basic website features.

  • Setting privacy preferences
  • Secure log in
  • Secure connection during the usage of services
  • Filling forms

Analytics and performance tracking technologies to analyze how you use the Website.

  • Most viewed pages
  • Interaction with content
  • Error analysis
  • Testing and Measuring various design effectivity

The Website may use third-party advertising and marketing technologies.

  • Promote our services on other platforms and websites
  • Measure the effectiveness of our campaigns

Overview of TOP weekly news

Overview of TOP weekly news

Transition to “green” loans

The banking report published by the European Union aims to define sustainable investments to reduce “greenwashing.” However, better data published by companies are needed to achieve this goal. Rules defined as sustainable financing must meet the criteria for channelling cash to low-carbon projects to meet the block’s climate goals.

A report by the United Nations Financial Initiative for the Environment and the European Banking Federation states that creditors generally welcome the rules as they seek to reconcile their business with the transition to a low-carbon economy.

At present, it is only pending to align lending with the monitoring of loans granted, so that the EU can map whether business activities are sustainable or not.

Taiwan surprised with its economic growth

According to a Reuters’ survey, Taiwan’s economy grew by 3.61% in the fourth quarter in 2020, after 3.92% growth in the third quarter. The country is a key node in the global technology supply chain for technology giants, based on which the country’s GDP growth is dependent on exports. Exports rose 4.9% to $345.28 billion in 2020, a record high in a single year.

Taiwan’s central bank revised its economic growth prospects for 2020 from 1.6% to 2.58% in the last month of last year, and expects 3.68% growth in the current year, compared with 3.28% at the last quarterly meeting.

Taiwan’s economy is highly dependent on China’s largest trading partner. Thanks to China’s massive 6.5% growth last year, Taiwan also converged.

Coronavirus has increased the demand for cyberattack insurance

Elisabeth Stadlerova, CEO of the Austrian insurance group Vienna Insurance Group, said that in connection with the coronavirus pandemic, there was a growing interest not only in health insurance but also in cyberattack insurance. On the other hand, the company recorded a reduction in claims for motor insurance.

The company was able to expand during the pandemic with the acquisition of the Dutch insurer Aegon operating in Hungary, Poland, Romania and Turkey. Thanks to the acquisition, the company increased its customers by 4.5 million and a pension fund of 5 billion euros.

According to Standlerova, the current strategy called Agenda 2020 serves to optimize the business model in terms of cost-effectiveness, synergies and by increasing market potential and ensuring future viability. This plan should be developed until 2025, mainly to strengthen its market position.

A massive slump in the Asian market

After problems arose with approving the $1.9 trillion in Biden administration’s stimulus, market sentiment reversed, bringing US government bond yields to three weeks lows. Asian stocks also responded on Tuesday with declines from record highs, recording the largest 1-day decline in two months. Indices in Hong Kong and South Korea recorded the biggest drop by more than 2%.

Performance of indexes Hang Seng a KOSPI (Source of the graph: Tradingview)

Hyundai’s quarterly results surprised

Hyundai Motor published quarterly results for the fourth quarter of 2020. Thanks to the growing demand for their SUVs and the Genesis brand, the company reported 57% profit growth. On the other hand, the results were slightly below expectations due to the appreciation of the South Korean won. Revenues grew by 5% to 29.2 billion won.

Performance of Hyundai’s shares (Source of the graph: Tradingview)

Watch this week:

Thursday, January 28, 2021

The U.S. will publish GDP growth for the fourth quarter on quarter-on-quarter base. The expectation is 4% growth after 33.4% growth in the third quarter.*

Friday, January 29, 2021

Germany will publish GDP growth for the fourth quarter on a year-over-year base. Analysts expect a 3.4% decline.*

Canada will publish GDP developments in November. Unchanged 0.4% growth is expected on a month-over-month base*.

Source of the text: Investing, Zerohedge, Financial Times, Reuters, Tradingview

  • Forward-looking statements are based on assumptions and current expectations, which may be inaccurate, or based on the current economic environment which is subject to change. Such statements are not guaranteeing of future performance. They involve risks and other uncertainties which are difficult to predict. Results could differ materially from those expressed or implied in any forward-looking statements.
Disclaimer: The content of the Reports constitutes Marketing Communication and does not constitute Investment Advice or Investment Research or an offer for any transactions in financial instrument. The content of the Reports represents the view of our experts on a generic basis, and does not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the Reports have not been prepared in accordance with legal requirements designed to promote the independence of Investment Research, and are not subject to any prohibition on dealing ahead of the dissemination of Investment Research. Readers using the Reports should consider the possibility of encountering substantial losses. The past performance is not a guarantee of future results. Therefore, Goldenburg Group Limited shall not accept any responsibility for any losses of traders due to the use and the content of its Reports.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the Risk Disclosure and Warning Notice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.