FED and Canadian employment data this week
Last Friday’s job payrolls beat forecasts for a drop in US unemployment. With a result of 3.6%, American employment remains active, but not the creation of new jobs, which still does not exceed 500,000 new jobs. The effectiveness of the Fed’s communication appears to be working. This means that after a 25bp hike to start […]
Ukraine and Russia conflict and impact on monetary policy
Federal Reserve officials are wary of a Russian invasion of Ukraine, though several have said in recent days that geopolitical tensions are unlikely to stop them from withdrawing support for the US economy. The job market is booming and prices are rising fast. This week positive US employment data is expected with a drop of […]
Europe would end its dependency on supply from Gazprom
Europe imports about 40% of its gas supply from Gazprom, the EU chief told CNBC’s Hadley Gamble at the Munich Security Conference, which von der Leyen described as a “dependency that is not sustainable.” European Commission President Ursula Von der Leyen tells CNBC that energy sanctions against Russia remain an option if Russia invades Ukraine. […]
The United States Prepares to Defend Ukraine
President Joe Biden spoke with President Vladimir Putin of Russia about Russia’s military buildup on Ukraine’s borders. President Biden was clear that if Russia launches a new invasion of Ukraine, the United States, together with our allies and partners, will respond decisively, imposing swift and severe costs on Russia. President Biden reiterated that a Russian […]
High impact week: Central Bank of Canada and FED
The loonie could stay lower this week ahead of the interest rate announcement this Wednesday at 12:00 pm EST. The Central Bank of Canada would keep its interest rates unchanged and the economy finds itself with an inflation of historical record of 30 years. The BBC’s lack of initiative could leave investors with no incentive […]
Fedwatch raised the odds of a rate hike 68.5% at its March meeting
US employment data exposed the Federal Reserve’s odds of moving earlier than expected. Unemployment in the United States fell to 3.9% and is reason enough for Fedwatch, the body that monitors the behavior of the Reserve, could raise interest rates in less than two months. Members considered that the conditions for the rate hike could […]
US production, FOMC and employment reviews next week.
This week the first revision of the economic situation in the United States is expected after the holidays. Today, January 2, more than 3,600 flights have been canceled worldwide, more than half of them in the United States, which adds to the number of travel interruptions during the holiday week due to adverse weather and […]
Omicron the new variant threatens all of Europe. The WHO qualifies as worrisome and with a higher risk of reinfection.
The SARS-CoV-2 Virus Evolution Technical Advisory Group (VE-GAD) is an independent group of experts that periodically monitors and evaluates the evolution of SARS-CoV-2 and assesses whether mutations and combinations of mutations alter the virus behavior. The VE-TAG was convened on November 26, 2021 although the first known confirmed infection for B.1.1.529 (Omicron) was from a […]
Cryptocurrencies under the eye of the IMF.
The IMF released a tough report on cryptocurrencies on Tuesday. It is part of the Global Financial Stability Report. According to the International Monetary Fund, as the adoption and circulation of cryptocurrencies increases, the risk and impact on the world economy do as well. The entity spoke out on the risks derived from the boom […]
First crypto multicurrency ETF
This Wednesday they launched the first ETF that allows combining two cryptocurrencies in the world. The launch took place in Canada. The North American country is a pioneer in the region with the permeability of cryptocurrency transactions. On this occasion, Evolve ETFs, allows exposure to Bitcoin and Ethereum, called ETC in TSX, this being the […]