The market receives US GDP
This Thursday the Office of Economic Analysis, of the United States Department of Commerce, will report the preliminary GDP for the last month. This will reflect the evolution of the economy for the second quarter. The publication will be at 9.30am GMT-3. The Gross Domestic Product is presented with three measurements for each quarter, […]
Central Banks begin changes in interes rate.
This Tuesday the Reserve Bank of New Zealand will rule on economic policy. The announcement will be at 11pm Argentina (GMT-3). Sharon Zollner, an economist and staff member at the Bank of New Zealand in Auckland, said that “It is clear that the New Zealand economy no longer requires extreme monetary stimulus,”. It is projected, […]
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 […]
High Impact Trading Week April 19-23
Wednesday 11:00 am ET the Canadian interest rate is published, this data will mainly impact upward on the Canadian dollar in fundamental terms. The market could discount the information from the open on Monday and have a downward impact on the dollar. Thursday 8:45 am ET is the turn to update the interest rates of […]
Guide To Interpret The Psychology Of Price
The markets are moved by the decisions of the people and institutions that participate in each instrument or asset. As emotional beings, in most cases these decisions are based on emotions and expectations. The professional and the institutional actors are very well aware of this behavior and price manipulation is often a widely used resource […]
US and UK interest rates March. Weekly trading
This Wednesday the FOMC interest rates are presented although we do not estimate many changes compared to last semester. It is in June when the real action of the Fed begins. While economic risks persist, they are fading with growing confidence that the economy can fully reopen by the summer. Given the Fed’s current caution, […]
Interest rate and employment in Canada, USDCAD projections
The Bank of Canada holds eight annual meetings where they stipulate the economic decision. For almost a year it has maintained the same level in the interest rate, the last modification happened in March 2020, when it went from 0.75% to 0.25%. The forecast is that it does not change and is at 0.25% for […]
Cryptocurrencies under the sights of the SEC
At his confirmation audience to head the Securities and Exchange Commission (SEC), Gary Gensler talked to Congress to discuss cryptocurrencies and Bitcoin. Subject that has brought a lot of news in recent weeks due to the new record prices in the market for them. Gensler, spoke about the challenge that cryptocurrencies represent as a […]