FOMC will decide on interest rate
Next week the FOMC will meet again to determine the roadmap for the coming months in relation to the economic projections and the decision on interest rates. The announcement will be made by Fed Chairman Jerome Powell and interest rates are expected to remain between 0.00% and 0.25%. Taking into account that the decision is […]
Trader Resilience
In the process of learning and professionalization of any operator, it is necessary to go through difficult times and experiences of great discomfort. Otherwise you will not be learning. It is essential to develop the ability to learn from mistakes to resurface in an improved version after each stumble. Practice by itself will not make […]
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 […]
Central Bank Digital Currencies
The pandemic brought with it a high interest in limiting the use of physical money. This need sparked the interest of central banks to generate their own digital currencies. This time will be a major turning point for crypto investors. Finally, speculators will understand that cryptocurrencies are not themselves digital currencies but instruments of financial […]
WTI and BRENT prices recover
This week crude oil suffered variations in its price motivated by the monthly OPEC + meeting. The meetings of the countries that make up this group seek to decide what measures to take in the current context and thus work on prices that respond to demand without suffering losses. Expectations were for a slight […]
American employment update, projections
On Friday the US Department of Labor will release the current unemployment rate. The currently unemployed workforce in the US is estimated to be 6.3% for the month of February. In other words, the measure would not project changes in the rate, since for the month of January the result was the same. A higher […]