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 […]
Lagarde cannot bring relief to the European market
Lagarde’s conclusions in his presentation on Thursday in the framework of the IMF failed to bring out optimism in the international market. The euro reacted slightly bullish on the euro after his speech however it will depend on the buyers next week. Lagarde’s political perspective does not match the logic of the market. Production data […]
Cryptocurrencies under the eye of the IMF.
The IMF released a tough report on cryptocurrencies on Tuesday. It is part of the Global Financial Stability Report. According to the International Monetary Fund, as the adoption and circulation of cryptocurrencies increases, the risk and impact on the world economy do as well. The entity spoke out on the risks derived from the boom […]
The US CPI fell
On Wednesday the Bureau of Employment Statistics of the United States will publish, as every month, the Consumer Price Index of the country. The September data will be known at 9.30 am Argentina (GMT-3). Estimates project that the CPI for the last month remains around 3%, showing a slowdown since June. The global context […]
Due to possible increase in interest rates, NZD anticipates impact.
Tonight the Reserve Bank of New Zealand pronounces on economic policy. The announcement will be at 22:00 Argentina (GMT-3). The entity will publish its decision based on the evolution of the country’s economy. During the first half of the year, it maintained a constant growth trajectory. However, during the third quarter, the growth curve and […]
First crypto multicurrency ETF
This Wednesday they launched the first ETF that allows combining two cryptocurrencies in the world. The launch took place in Canada. The North American country is a pioneer in the region with the permeability of cryptocurrency transactions. On this occasion, Evolve ETFs, allows exposure to Bitcoin and Ethereum, called ETC in TSX, this being the […]
Crude oil recovers its prices due to the global energy crisis.
This Tuesday the oil market registered pressures, after the fall in its prices. What is affecting prices are the pressures on demand and the energy crisis that is taking place in both Europe and China. In Europe, prices reached a new record for gas, energy and carbon prices. The concerns revolve around the beginning […]
High Impact of the Week: Canada GDP and US Production
The week will continue with fears of an Evergrande collapse that could cause financial contagion and slow the growth of the Chinese economy. That concern eased after the developer agreed to settle some local note interest payments, but the problem is far from over with holders of dollar bonds that have yet to receive a […]
China collapses Bitcoin
This Friday the cryptocurrencies Bitcoin and Ethereum collapsed after China imposed great restrictions on transactions of this type in the country. The new regulations that govern the country imply a total ban on crypto transactions. The move was agreed between the People’s Bank of China, banking and securities and currency regulators. Any crypto or mining […]