High Impact Week: OPEC and American Employment Data
The dollar closed lower this week and buyers would be expected at Monday’s open. US employment data is estimated positive for this week. The highlight of the symposium were remarks by Jerome Powell who said that asset purchases could begin to slow down this year as the US economy recovers from the pandemic, but that […]
Crude recovers
This week oil prices have been boosted, returning to highs after almost two weeks of decline. However, since Wednesday, there have been losses in the price caused by two factors. On the one hand, there are concerns about the increase in COVID infections and the new variant throughout the world. These effects on the […]
The market receives US GDP
This Thursday the Office of Economic Analysis, of the United States Department of Commerce, will report the preliminary GDP for the last month. This will reflect the evolution of the economy for the second quarter. The publication will be at 9.30am GMT-3. The Gross Domestic Product is presented with three measurements for each quarter, […]
The dollar prepares for Jackson Hole
Federal Reserve officials will meet this Thursday and Friday at the Jackson Hole world event for this year’s economic symposium. This type of event has been used on previous occasions to signal important policy changes. Plans for a gradual reduction of stimuli are expected to be laid out at the Jackson Hole meeting. The […]
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 […]
The Bitcoin ETF is coming.
The approval of an investment fund in BTC is approaching. Until now, cryptocurrencies had no exchange-traded funds. The bitcoin ETFs are in operation within the territory of Canada and Europe but nothing yet allowed in the United States. Local American firms do not allow their clients to participate in foreign funds. The SEC (US Securities […]
The Bears following the dollar.
The first week of August closes with two high-impact data in the employment sector. The United States and Canada will report the evolution of non-farm payroll and the change in the unemployment rate respectively. After assessing that there is still a way to go in the economic recovery, the Fed chose to maintain monetary policy. […]
US GDP, FOMC and consumer confidence
Powell argues that the US recovery continues to go on despite the Delta variant. He will probably acknowledge this Wednesday that the Committee would begin discussions on plans to gradually reduce stimuli. It will also signal that it will reach the standard of »further substantial progress« is still »far away«. “Real GDP in the United […]
BTC is close to breaking the $ 30K support
The crypto world continues to speak in the markets. The pullback of mining in China continues to drive the pullback in the price of BTC. The public-institutional advances for the regulation of this activity, are key axes of this week. The brake on mining in China is paving the way for the decentralization of the […]