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 […]
The dollar faces employment data
Tomorrow the US Bureau of Employment Statistics will release the unemployment rate and non-farm payrolls. We expect impact with the data that will be available from this Friday. The focus is placed on these data since, from them, the panorama will be clarified on the decisions of the FED in monetary policy. Negative results could […]
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 […]
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 […]
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 […]
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 […]
AUD and GBP targeted by Central Bank decisions
This week the Central Banks of Australia and the United Kingdom, decide on their monetary policy. In this sense, the Reserve Bank of Australia, reported its decision in the last hours. In general terms, the official statement does not report changes during the month of August, since the RBA will maintain the interest rate at […]
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 […]