Fx market update week 19th to 23rd trading online
EURUSD remains buyer within the levels above 1.09. It is estimated that the market could anticipate the testimony of Jerome Powell boosting the dollar this week. Euro could see significant profit taking below 1.09 to 1.0850 ahead of negative production data this Friday. Attention with levels between 1.0950 and 1.0960 ideally do not keep buying […]
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. […]
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 […]
Inflation will be the most relevant data for the month of January 2022. Crypto returns to the international table
China Evergrande Group is the world’s most indebted real estate developer, with more than $ 300 billion in liabilities. It announced that it made initial progress in resuming construction works and its president promised to deliver 39,000 units of properties in December, compared with fewer than 10,000 in each of the previous three months. It […]
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 […]
Canadian CPI projects pressure on USDCAD.
This Wednesday the Statistics Canada office will publish the Consumer Price Index data for the month of October. The data that will be published, happens after the annual inflation of September had reached 4.4%, marking a maximum in almost two decades. This fact raises expectations in the market about a possible rate hike at the […]
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 […]
FOMC: Tapering will be defined
The week of great impact begins this Wednesday with the announcement that Fed officials will make after the FOMC meeting. This is the meeting agreed to evaluate the evolution of the economy and the direction of the decisions that will be made for the United States. The event is full of expectations, as they are […]