Lagarde Gets Ready To Give The Euro A Spin This Week
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 […]
Gold returns to the ring in the international market
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 […]
Projections on FOMC minutes
This week will bring high impact data considering that the minutes of the FOMC and the data of the production of services of the Institute Supply Management will be available. The most relevant data will be the meeting scheduled for the economic policy guidelines. They are likely to provide more information and clarity on projections […]
Dollar sellers return in July
July began with liquidations of market positions in the dollar. The employment data on Friday surprised with results that were above forecasts. Despite this, the market was in charge of discounting the information in the previous days and took advantage of the employment data to attack the unsuspecting buyers of the dollar. The final situation […]
PMI and American Employment High Impact Of The Week
High impact week from Thursday. US Production Data Stable manufacturing activity data is expected within the month of June. The dollar closed sell on the day of Friday, June 25. We expect stable US production data this week. On Friday we expect a correction in the dollar (rise) thanks to a possible rise in job […]
The US raises its interbank rate to 4 basis points
The effective US federal funds rate rose 4 basis points on Thursday to 0.10% from 0.06% in the wake of the Federal Reserve’s move on Wednesday to increase the interest it pays to investors by 5 bps. banks on reserves (IOER) held at the central bank. The effective federal funds rate, released by the New […]
China and the US under diplomatic tensions
US relations with Beijing are deteriorating and have not been “restored” under President Joe Biden in the way many previously expected, said Max Baucus, a former US ambassador to China. Baucus said that Biden’s policies on China are “as strong as Trump’s.” The former ambassador said the risk of a military showdown between the United […]
after the interest rate, Australia’s GDP will be published.
The Reserve Bank of Australia will publish the change in GDP for the first quarter of the year in the next few hours. The data will arrive hours after the publication of interest rates. The Reserve Bank’s measures are aimed at recovering the rhythm of economic growth, achieving full employment and inflation in line with […]
Trading of the week, NFP May.
President Joe Biden submitted his budget request for fiscal year 2022 to Congress on Friday. The first formal budget of his presidency and a strong departure from his predecessor, Donald Trump. Biden’s budget incorporates his two flagship national proposals, the American Family Plan and the American Jobs Plan, neither of which have been seriously debated […]
Unemployment in Australia, projected stability at 5.6%
This Thursday, April 20, starting at 10am Australia time, the data on the change in employment and the unemployment rate will be published. In GMT-3 time, it will be from 9pm. The current unemployment rate stands at 5.6% as published by the Australian Bureau of Statistics. With the objective set on the recovery of growth, […]