Price action OCT 30th
EURUSD remained bought throughout the day. The preference is buying at 1.06. We will wait for the European opening tomorrow if we have a valid retracement until 1.06 to return for purchases until TP 1.0610 and 1.0620. If, on the other hand, buyers begin their day with buying pressure from 1.0610/1.0620, then purchases extend to […]
Price action October 11
EURUSD remained a buyer in the market session. Preference remains short below the highs of 1.0630/1.0620. Be careful because the buyers of 1.06 are still sustained, so the sales are only up to 1.06. Once below 1.06 the selling extends to 1.0590/1.0580. The United States inflation data may suggest a bullish dollar. Keep in mind […]
Price action trading OCT 1st
EURUSD remained below 1.06 in its closing session although the potential annual lows remain above 1.0550. The bet is still latent that the European numbers will improve this Monday. Production data will be presented tomorrow at the European opening. We will be attentive to good forecasts. The preference is buying over 1.0550. If the production […]
American Employment Week, Inflation and Canadian GDP
More than a year after the pandemic we will have the result of the American employment data on April 1. Unemployment is expected to fall to 3.7% thanks to the recovery of all sectors of the US economy and the rise in interest rates last March. The commitment of the Federal Reserve remains firm with […]
Europe would end its dependency on supply from Gazprom
Europe imports about 40% of its gas supply from Gazprom, the EU chief told CNBC’s Hadley Gamble at the Munich Security Conference, which von der Leyen described as a “dependency that is not sustainable.” European Commission President Ursula Von der Leyen tells CNBC that energy sanctions against Russia remain an option if Russia invades Ukraine. […]
Decisive week for the international currency market
The president of the Fed, Jerome Powell, affirmed last Wednesday the probability of a rise of half a percentage point (0.50%) if inflation continues stubbornly high. The move would raise borrowing costs from near zero, where they have been since the start of the Covid pandemic, for businesses and consumers. This would bring two main […]
Fedwatch raised the odds of a rate hike 68.5% at its March meeting
US employment data exposed the Federal Reserve’s odds of moving earlier than expected. Unemployment in the United States fell to 3.9% and is reason enough for Fedwatch, the body that monitors the behavior of the Reserve, could raise interest rates in less than two months. Members considered that the conditions for the rate hike could […]
Omicron the new variant threatens all of Europe. The WHO qualifies as worrisome and with a higher risk of reinfection.
The SARS-CoV-2 Virus Evolution Technical Advisory Group (VE-GAD) is an independent group of experts that periodically monitors and evaluates the evolution of SARS-CoV-2 and assesses whether mutations and combinations of mutations alter the virus behavior. The VE-TAG was convened on November 26, 2021 although the first known confirmed infection for B.1.1.529 (Omicron) was from a […]
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 […]