Among the events that are expected for this week, is the decision of the Reserve Bank of Australia on interest rates, generating aftershocks in the AUDUSD cross. The meeting is scheduled for this Tuesday, April 6, 1:30 am ET. Given that the decision is subject to economic activity and the evolution of inflation according to the Bank’s objective, it is unlikely
At 1:30 am on Tuesday we start with the Australian interest rate. A maintenance of 10 basis points is expected. The main AUDUSD crossover will finally have a winner in the 0.76 zone. We maintain a preference over buyers for this event. Wednesday 3:00 pm Eastern we continue with the FOMC meeting. The expectation for this event is high a
With the aim of boosting the largest economy in the world, J. Biden since his inauguration, proposed economic stimuli. It began with the stimulus program signed in February of 1.9 billion dollars and continues with a new infrastructure plan. In this context of debate, tomorrow the non farm payrolls and the unemployment rate will be published. In this context of
The markets are moved by the decisions of the people and institutions that participate in each instrument or asset. As emotional beings, in most cases these decisions are based on emotions and expectations. The professional and the institutional actors are very well aware of this behavior and price manipulation is often a widely used resource to obtain the necessary liquidity,
This Monday, Bitcoin broke resistance levels to position above $ 58,000. The momentum taken on this day is due to the announcement made by the firm Visa Inc. It is a new institutional entity that joins a wide variety of firms that adopt cryptocurrencies. The adoption of the same conforming investment portfolios or in concept of exchange rate for the
Since the agreement between the European Union and the United Kingdom was reached and the trade negotiations between both parties at the end of December 2020, a key issue remained to be resolved: the financial sector. While there is still work to be done, they achieved a new UK-EU Joint Financial Regulation Forum, allowing English financial companies to reintegrate into
From today, the nations that make up the European Union have been meeting debating the economic and conjunctural axes they are going through. This Friday, the Euro Summit will take place. The Summit will be attended by the Heads of State of the euro area countries, the President of the Euro Summit and the President of the European Commission. The
This Wednesday crude oil prices were affected by an interruption in the circulation of the Suez Canal. Faced with an already volatile price scenario, the obstruction generated more speculation. Like the Strait of Hormuz and the Panama Canal, the Suez Canal are key waterways for world trade and any obstruction or inconvenience that creates delays is counterproductive for supply chains.
This Wednesday Markit Group, will publish the preliminary data of the PMI of the United Kingdom, France, Germany and the data for the Euro Zone. The PMI, an index that gives a short-term account of the macroeconomic status of these countries or regions, must be taken into account because values lower than 50.0 show an economic contraction. While values above
Crypto is once again in the news due to the interest of institutional investors in finding ways to invest in this type of asset. This Monday, following in Canada’s footsteps, it was announced in Brazil that a new investment fund made up of BTC will be launched. In the United States, there are several companies that are awaiting their verdict
