The market receives US GDP
This Thursday the Office of Economic Analysis, of the United States Department of Commerce, will report the preliminary GDP for the last month. This will reflect the evolution of the economy for the second quarter. The publication will be at 9.30am GMT-3. The Gross Domestic Product is presented with three measurements for each quarter, […]
The dollar prepares for Jackson Hole
Federal Reserve officials will meet this Thursday and Friday at the Jackson Hole world event for this year’s economic symposium. This type of event has been used on previous occasions to signal important policy changes. Plans for a gradual reduction of stimuli are expected to be laid out at the Jackson Hole meeting. The […]
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 […]
High-impact week: German production and US GDP
German manufacturing production data as of 4:30 am ET. The euro will be affected this Monday by the production data from Germany, a drop in production is estimated with 65.1 points from 65.9. Euro has been under selling pressure since last August 17. The dollar did not cooperate in the rise of the cross thanks […]
FOMC and Unemployment Act Australia: Impact Wednesday
Two high-impact publications will be presented this Wednesday. On the one hand, the United States will present the minutes of the FOMC, while in Australia, the changes in the unemployment rate will be presented. The announcements will be at 3pm and 10pm Argentina, respectively. The Fed is expected to provide more information in its […]
Central Banks begin changes in interes rate.
This Tuesday the Reserve Bank of New Zealand will rule on economic policy. The announcement will be at 11pm Argentina (GMT-3). Sharon Zollner, an economist and staff member at the Bank of New Zealand in Auckland, said that “It is clear that the New Zealand economy no longer requires extreme monetary stimulus,”. It is projected, […]
Crude under pressure.
This Wednesday, oil futures were hit lower after statements from the White House. The Organization of the Petroleum Exporting Countries and its allies were at the center of the discussion. Jake Sullivan, the US national security adviser, said in a statement that the Biden administration was “interacting with relevant members of OPEC + about the […]
US inflation projects dollar strengthening
On Wednesday, the United States Bureau of Employment Statistics will publish the country’s Consumer Price Index for the month of July. The data will be known at 9.20am Argentina (GMT-3). Estimates project a slowdown in the rhythm of the Consumer Price Index, towards 0.5%. Despite previous estimates, they indicated a drop and the results were […]
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 […]
The Bears following the dollar.
The first week of August closes with two high-impact data in the employment sector. The United States and Canada will report the evolution of non-farm payroll and the change in the unemployment rate respectively. After assessing that there is still a way to go in the economic recovery, the Fed chose to maintain monetary policy. […]