High Impact Week: Central Banks of Australia, Canada and Europe on the Move
This first week of September comes with a monetary policy combo. This week the publication of Australian interest rates is expected with a maintenance forecast. The aussie could give its correction and possible sales are expected for this Tuesday 1:30 am EST. Canada (BOC) would publish its rate decision on Wednesday 11:00 EST, forecast of […]
High Impact Week: OPEC and American Employment Data
The dollar closed lower this week and buyers would be expected at Monday’s open. US employment data is estimated positive for this week. The highlight of the symposium were remarks by Jerome Powell who said that asset purchases could begin to slow down this year as the US economy recovers from the pandemic, but that […]
BTC breaks new record in two months
Bitcoin breaks the $ 50,000 barrier. The bet on this cryptocurrency again took a race in recent weeks and the effects were felt in other cryptos and altcoins. Monday’s trading began with BTCUSD surpassing $ 50K, driven in part by PayPal Holdings launching a new cryptocurrency service in the UK. It is about the possibility […]
The Bitcoin ETF is coming.
The approval of an investment fund in BTC is approaching. Until now, cryptocurrencies had no exchange-traded funds. The bitcoin ETFs are in operation within the territory of Canada and Europe but nothing yet allowed in the United States. Local American firms do not allow their clients to participate in foreign funds. The SEC (US Securities […]
BTC surpasses $ 40K: what the new crypto regulation is all about
In the last hours, a US legislator presented a bill that, if approved, would lay the foundations for the regulation of the cryptocurrency market. It is one of the broadest bills on the legal vacuum of regulations in this market. It is a bill promoted by Don Beyer, who is the chairman of Congress’ Joint […]
Bitcoin did it again!
The week opened with big movements within the crypto world. BTC rallied and broke a new level in over a month and a half. BTC reached a new 24-hour high of $ 39,544. Levels that it had not reached since mid-June. These movements in bitcoin dragged down the other cryptocurrencies such as ethereum and other altcoins […]
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 […]
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 […]
G7 finance ministers rule out digital global currency
The G7 Finance Ministers and Central Bank Governors met on May 28, while the Finance Ministers were from June 4 to 5, 2021. The Heads of the International Monetary Fund (IMF), Group of the World Bank, Organization for Economic Cooperation and Development (OECD), Eurogroup and the Financial Stability Board (FSB). Among the topics agreed and […]