Employment in Canada: On the Road to Recovery
This Friday the Statistics Office of Canada will report the country’s employment data and the evolution during the month of August. It will be the main data for the Canadian economy, since this Wednesday the Bank of Canada, as expected, decided to maintain its policy. The Bank of Canada chose to keep the asset […]
Central America towards “crypto monetization”
Bitcoin and Ethereum, the cryptos with the highest capitalization of the market, received a severe blow in their prices in the last hours. The average loss was around 10% for each crypto. The context of the losses is due to the liquidation that occurred in the markets and the high exposure that became after the […]
Stimulus reductions for Canada and the Euro Zone
This week will focus on the decisions made by the Bank of Canada and the European Central Bank on their respective monetary policies. The dilemma is the same that prevails in most economies: When to move towards reducing stimuli. The Bank of Canada had already started with the implementation of the reduction of economic stimuli […]
Crude seeks to recover
Crude futures posted losses this Wednesday after the decision made between the countries that make up OPEC +. BRENT and WTI posted losses of almost 2%. Crude prices have been affected in recent hours by three factors. On the one hand, the Organization of the Petroleum Exporting Countries and allies, decided to increase oil […]
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 […]
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 […]
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 […]
US inflation: possible dollar decline
The dollar recovered all of its losses for the week at the close of Friday. The good American employment data for July made clear the recovery of the economy. This information generated a jump in the probabilities of the rise of the changes of the FED. American inflation data this week is expected to generate […]
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. […]