Crude recovers
This week oil prices have been boosted, returning to highs after almost two weeks of decline. However, since Wednesday, there have been losses in the price caused by two factors. On the one hand, there are concerns about the increase in COVID infections and the new variant throughout the world. These effects on the […]
The dollar prepares for Jackson Hole
Federal Reserve officials will meet this Thursday and Friday at the Jackson Hole world event for this year’s economic symposium. This type of event has been used on previous occasions to signal important policy changes. Plans for a gradual reduction of stimuli are expected to be laid out at the Jackson Hole meeting. The […]
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 […]
The Bitcoin ETF is coming.
The approval of an investment fund in BTC is approaching. Until now, cryptocurrencies had no exchange-traded funds. The bitcoin ETFs are in operation within the territory of Canada and Europe but nothing yet allowed in the United States. Local American firms do not allow their clients to participate in foreign funds. The SEC (US Securities […]
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 […]
Canada GDP: Impact on USDCAD
July ends with data on Canadian economic activity. The Statistics Office of Canada will report the GDP data this Friday at 9:30 p.m. Argentina time (GMT-3). Stability is projected for the inflation-adjusted Gross Domestic Product for May, which will be reported in the coming hours. The indicator in April maintained a steep fall from 1.1% […]
Possible impact on AUDUSD due to inflation
The Consumer Price Index for the second quarter will be published by the Australian Bureau of Statistics. The publication will run from this Tuesday at 21:00 GMT-3 (Argentine time). The projections indicate that the indicator, annualized, presents an increase above the estimated target of the RBA. The measures taken by the Reserve Bank […]
US GDP, FOMC and consumer confidence
Powell argues that the US recovery continues to go on despite the Delta variant. He will probably acknowledge this Wednesday that the Committee would begin discussions on plans to gradually reduce stimuli. It will also signal that it will reach the standard of »further substantial progress« is still »far away«. “Real GDP in the United […]
Positive data expected from the German PMI
This Friday the preliminary results on the evolution of German production will be known. That is, the impact on the Euro crosses will be seen by the publication of the German PMI. The manufacturing PMI for the month of July is expected to show results below 65 points. Although the data remains highly positive, […]