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 […]
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 […]
Projections on FOMC minutes
This week will bring high impact data considering that the minutes of the FOMC and the data of the production of services of the Institute Supply Management will be available. The most relevant data will be the meeting scheduled for the economic policy guidelines. They are likely to provide more information and clarity on projections […]
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 […]
PMI and American Employment High Impact Of The Week
High impact week from Thursday. US Production Data Stable manufacturing activity data is expected within the month of June. The dollar closed sell on the day of Friday, June 25. We expect stable US production data this week. On Friday we expect a correction in the dollar (rise) thanks to a possible rise in job […]
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 […]
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 […]
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 […]