Volatility in the crude oil market
Crude prices this week were affected by market volatilities and due to the period of crisis that the sector is going through. In turn, OPEC cut its forecast for oil demand for 2021 due to high prices. Brent crude futures fell to $ 81.66. US West Texas Intermediate (WTI) futures fell to $ 80.84 after […]
FOMC: Tapering will be defined
The week of great impact begins this Wednesday with the announcement that Fed officials will make after the FOMC meeting. This is the meeting agreed to evaluate the evolution of the economy and the direction of the decisions that will be made for the United States. The event is full of expectations, as they are […]
Projections for US Retail Sales
This Friday the data of the retail sales in the United States will be presented. Data that demonstrated the evolution in the growth rate of economic activity. The projections show that there will be a slight growth reaching 0.4% from the fall to 0.3% that it had last month. The data is expected to be […]
Due to possible increase in interest rates, NZD anticipates impact.
Tonight the Reserve Bank of New Zealand pronounces on economic policy. The announcement will be at 22:00 Argentina (GMT-3). The entity will publish its decision based on the evolution of the country’s economy. During the first half of the year, it maintained a constant growth trajectory. However, during the third quarter, the growth curve and […]
High Impact Week: FOMC, BOE and Elections in Canada. Impact on dollar and pound this week
A stable market opening is expected given the activity of the central banks for this Wednesday and Thursday. Canada’s government elections will have a possible impact on the Canadian dollar. Volatility would be expected during Monday due to results. On Wednesday 3:00 pm EST we await the result of the FOMC review: announcements of cuts […]
The dollar faces employment data
Tomorrow the US Bureau of Employment Statistics will release the unemployment rate and non-farm payrolls. We expect impact with the data that will be available from this Friday. The focus is placed on these data since, from them, the panorama will be clarified on the decisions of the FED in monetary policy. Negative results could […]
Crude seeks to recover
Crude futures posted losses this Wednesday after the decision made between the countries that make up OPEC +. BRENT and WTI posted losses of almost 2%. Crude prices have been affected in recent hours by three factors. On the one hand, the Organization of the Petroleum Exporting Countries and allies, decided to increase oil […]
BTC breaks new record in two months
Bitcoin breaks the $ 50,000 barrier. The bet on this cryptocurrency again took a race in recent weeks and the effects were felt in other cryptos and altcoins. Monday’s trading began with BTCUSD surpassing $ 50K, driven in part by PayPal Holdings launching a new cryptocurrency service in the UK. It is about the possibility […]
FOMC and Unemployment Act Australia: Impact Wednesday
Two high-impact publications will be presented this Wednesday. On the one hand, the United States will present the minutes of the FOMC, while in Australia, the changes in the unemployment rate will be presented. The announcements will be at 3pm and 10pm Argentina, respectively. The Fed is expected to provide more information in its […]
Crude under pressure.
This Wednesday, oil futures were hit lower after statements from the White House. The Organization of the Petroleum Exporting Countries and its allies were at the center of the discussion. Jake Sullivan, the US national security adviser, said in a statement that the Biden administration was “interacting with relevant members of OPEC + about the […]