ECB and FOMC this week. Stimulus plans and bond purchases are key for the euro this week.
This Thursday, 12/16, important decisions are expected from governors of the European Central Bank who could delay part of a decision on the ECB’s stimulus plans, since the perspective has changed due to a new variant of the coronavirus and the growing pressures on the prices. The ECB’s Governing Council will meet on December 16 […]
United States Closes Its Year With Less Than 5% Unemployment
The United States closes its year with unemployment of 4.2% from 6.7% in January 2021. The final production of the services sector closes this 2021 with 69.1% increasing from 57.2%. Both data gave a weekly close with a strong dollar only at the USDCAD cross. The rest of the fx crosses were kept out of […]
Fourth wave of infections in Europe. Mandatory vaccination.
German politicians are debating mandatory COVID-19 vaccines for citizens in light of rising infections and low inoculation rates. Members of Angela Merkel’s conservative bloc said Sunday that federal governments and should introduce mandatory vaccines soon, as well as other efforts to boost Germany’s low inoculation rate of just 68% have failed. “We have reached a […]
Evergrande could be the next Lehman Brothers
The Chinese economy begins to be questioned. Its impact on global growth that it has helped fuel for more than 20 years is now hampered by electricity shortages and a major real estate crisis. The difficulties of the real estate sector in China triggered by the problems of the giant Evergrande could pose risks to […]
Volatility in the crude oil market
Crude prices this week were affected by market volatilities and due to the period of crisis that the sector is going through. In turn, OPEC cut its forecast for oil demand for 2021 due to high prices. Brent crude futures fell to $ 81.66. US West Texas Intermediate (WTI) futures fell to $ 80.84 after […]
High impact week: US inflation and conflicts between the UK and the EU
The euro and the pound once giving way to sellers. The dollar is preparing to take ground this week although we do not know how long it could last. On Wednesday the 10th and Thursday the 11th, the inflation of the producer and the consumer of the United States respectively is presented. The market anxiously […]
NFP and unemployment: High impact Friday.
The first week of November closes with two high-impact data in the employment sector. The United States and Canada will report the evolution of non-farm payrolls and the change in the unemployment rate respectively. The Fed announced this Wednesday that it will begin to cut its monthly purchases of bonds from November, with the […]
High impact of the week: inflation and interest rates
The opening of Monday 25/10 awaits us with expectations given the macro information of the week. We started with Australian inflation on Monday night. The week will also end with inflation data but from the United States. The numbers are expected to remain unchanged in Australia, however gas and coal prices have reached record highs […]
PMI under pressure due to supply chains
This Friday will be a day of medium impact due to the presentation of the PMI in France, Germany and the United States, among others. The context on global supply chains in a scenario of greater relevance to data. Difficulties in obtaining supply are increasingly reported across companies, causing losses and slowed global economic growth. […]
USDCAD prepares for changes in monetary policy
This Wednesday the Statistics Canada office will publish the Consumer Price Index data for the month of September. The data will be published before the decision that the Bank of Canada will take on the current monetary policy on October 27. The entity maintains the purpose of the recovery of the economy through the […]