HIGH IMPACT: PMI for Germany and the US
This Wednesday the PMI data for countries such as Germany and the United States will be released. Both economies will receive preliminary data for the indicator in manufacturing and services. Higher than projected results are always positive for the currency. For the current projection, positive and elevated results are expected to remain, however, with a […]
loss in crude oil prices: BRENT and WTI
Oil prices have been experiencing heavy losses in the last 24 hours after reaching highs in almost two years. Weekly political and economic events are affecting expectations about WTI and BRENT international benchmarks. It is known that in the face of political events of international relevance, generate economic expectations that are absorbed in prices and […]
Expectations for US Retail Sales
After less positive than expected results in nonfarm payrolls, a week begins with data on retail sales, interest rates and inflation in the United States. The results of the indicator will show an acceleration or deceleration in the growth rate of economic activity. Projections show that there will be a decline in the rate of […]
China and the US under diplomatic tensions
US relations with Beijing are deteriorating and have not been “restored” under President Joe Biden in the way many previously expected, said Max Baucus, a former US ambassador to China. Baucus said that Biden’s policies on China are “as strong as Trump’s.” The former ambassador said the risk of a military showdown between the United […]
BoC will define its monetary policy
This Wednesday the Bank of Canada will meet and publish its decision regarding the interest rate. After it, they will make a statement to inform that it led to said decision. The decision is projected to be to maintain the same monetary policy to maintain the interest rate at 0.25%. Expectations are located in the […]
G7 finance ministers rule out digital global currency
The G7 Finance Ministers and Central Bank Governors met on May 28, while the Finance Ministers were from June 4 to 5, 2021. The Heads of the International Monetary Fund (IMF), Group of the World Bank, Organization for Economic Cooperation and Development (OECD), Eurogroup and the Financial Stability Board (FSB). Among the topics agreed and […]
US Employment Update: NFP and Unemployment Rate
This Friday as every month, the non-farm payrolls and the unemployment rate corresponding to the month of May in the United States will be known. The context of the data is marked by the results of both the manufacturing PMI and the services PMI of that country. The data that will be published in the […]
Trading of the week, NFP May.
President Joe Biden submitted his budget request for fiscal year 2022 to Congress on Friday. The first formal budget of his presidency and a strong departure from his predecessor, Donald Trump. Biden’s budget incorporates his two flagship national proposals, the American Family Plan and the American Jobs Plan, neither of which have been seriously debated […]
Biden will present the $ 6 trillion budget.
This Friday, President Joe Biden will present the budget to Congress. The budget for fiscal year 2022 must be debated and approved by Republicans and Democrats. The crux of the matter is the size of the budget, what sectors it will be allocated to and how it will be financed. The main axes are infrastructure, […]
US GDP Announcement, What to Expect.
This Thursday the Office of Economic Analysis, belonging to the United States Department of Commerce, will publish the preliminary GDP for the first trimester. The indicator that reflects the state of the economy will have its second preliminary publication at 9:30 am GMT-3. The Gross Domestic Product, which has three measurements, for the first quarter, […]