Keys to the Canadian interest rate
This Wednesday the Bank of Canada will announce its decision regarding the interest rate. After that, they will make a statement to inform what led to this decision and what the general situation of the economy is, which will allow projecting on future measures. The decision to maintain the same monetary policy is expected to […]
Gold returns to the ring in the international market
The metal commodities market returns to the ring in the international market after new waves of infections caused by the Delta variation of covid-19. Gold remains close to 1800.0 dollars an ounce and 1820.0 and 1830.0 are estimated again (prices reached at the beginning of the pandemic). The new waves of contagion hit European and […]
Unemployment rate will affects USDCAD
This Friday the Statistics Canada office will report on the evolution of employment in the last month in the country. Positive data is expected, which could have a strengthening impact on USDCAD. In the period April and May, employment fell and doubts arise regarding the measures taken by the Bank of Canada to evaluate measures […]
Oil prepares for major annual correction
In the last hours, oil suffered very strong falls in its price after reaching all-time highs. After the crisis of the year 2020 on consumption and the serious losses generated in this commodity, prices managed to reposition themselves to even levels prior to the pandemic. Consumption has recovered steadily and continuously after vaccination campaigns and […]
Dollar sellers return in July
July began with liquidations of market positions in the dollar. The employment data on Friday surprised with results that were above forecasts. Despite this, the market was in charge of discounting the information in the previous days and took advantage of the employment data to attack the unsuspecting buyers of the dollar. The final situation […]
NFP: what to watch out for this Friday.
On Friday, the US Bureau of Employment Statistics will release the unemployment rate and nonfarm payrolls. The data that will be available from this Friday will have an impact on the markets. The relevance of the data derived from the importance of the recovery of employment in the United States for the definition of changes […]
US economic activity continues to expand
This week we will have available the results of the economic and productive activity for the month of May in the United States. On the one hand, the PMI data will be presented on Thursday and, on the other hand, the non-farm payroll data on Friday. What to expect from PMI? The data that will […]
The BoE announces its monetary policy: projections
This Thursday the Bank of England will announce the decision on the monetary policy that they will implement. The questions remain in themselves will continue with similar steps to the FED and what forecast they have for the changes. In previous announcements, the Bank of England (BoE) had announced that changes in monetary policy would […]
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 […]
The US raises its interbank rate to 4 basis points
The effective US federal funds rate rose 4 basis points on Thursday to 0.10% from 0.06% in the wake of the Federal Reserve’s move on Wednesday to increase the interest it pays to investors by 5 bps. banks on reserves (IOER) held at the central bank. The effective federal funds rate, released by the New […]