Powell argues that the US recovery continues to go on despite the Delta variant. He will probably acknowledge this Wednesday that the Committee would begin discussions on plans to gradually reduce stimuli. It will also signal that it will reach the standard of »further substantial progress« is still »far away«. “Real GDP in the United States is likely to increase
This Friday the preliminary results on the evolution of German production will be known. That is, the impact on the Euro crosses will be seen by the publication of the German PMI. The manufacturing PMI for the month of July is expected to show results below 65 points. Although the data remains highly positive, it would be the third
This Thursday the European Central Bank will execute its declaration of monetary policy and will hold a press conference. High impact market opening is expected. Amid incipient concerns about new cases of COVID contagion by the new DELTA variant, and the effects that this could have on the markets, expectations are placed in the next announcement. The impact of the
The crypto world continues to speak in the markets. The pullback of mining in China continues to drive the pullback in the price of BTC. The public-institutional advances for the regulation of this activity, are key axes of this week. The brake on mining in China is paving the way for the decentralization of the process of creating new blockchain
Officials at the European Central Bank are set to reveal their new monetary strategy this Thursday. These decisions are expected to really make a difference for the direction of the euro and for investors. Policymakers will modify their stance to reflect changes ranging from a slightly higher inflation target of 2% to an explicit assignment that they could exceed it
The cryptocurrency Dogecoin, which started in 2013 mocking Bitcoin, today managed to be the cryptocurrency with the highest capitalization in the second quarter of this year. The rise of cryptocurrencies as a backup system, due to profitability, risk and implementation by large firms for transactions, has generated a boom in altcoins. Accompanying this movement in the crypto markets, Elon Musk,
This Wednesday the Bank of Canada will announce its decision regarding the interest rate. After that, they will make a statement to inform what led to this decision and what the general situation of the economy is, which will allow projecting on future measures. The decision to maintain the same monetary policy is expected to be replicated, maintaining the interest
The metal commodities market returns to the ring in the international market after new waves of infections caused by the Delta variation of covid-19. Gold remains close to 1800.0 dollars an ounce and 1820.0 and 1830.0 are estimated again (prices reached at the beginning of the pandemic). The new waves of contagion hit European and American territory and will be
This Friday the Statistics Canada office will report on the evolution of employment in the last month in the country. Positive data is expected, which could have a strengthening impact on USDCAD. In the period April and May, employment fell and doubts arise regarding the measures taken by the Bank of Canada to evaluate measures to stop this decline, in
In the last hours, oil suffered very strong falls in its price after reaching all-time highs. After the crisis of the year 2020 on consumption and the serious losses generated in this commodity, prices managed to reposition themselves to even levels prior to the pandemic. Consumption has recovered steadily and continuously after vaccination campaigns and economic reopening. In turn, the
