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 […]
Inflation will be the most relevant data for the month of January 2022. Crypto returns to the international table
China Evergrande Group is the world’s most indebted real estate developer, with more than $ 300 billion in liabilities. It announced that it made initial progress in resuming construction works and its president promised to deliver 39,000 units of properties in December, compared with fewer than 10,000 in each of the previous three months. It […]
Omicron leaves a fragmented world economy by 2022
The Omicron variant gains momentum in Europe and the United States, scientists are rewriting their expectations for the pandemic next year. The United Kingdom took an unexpected initiative against the forecasts by raising its interest rates to 0.25% on Thursday, December 16. It is the second country after New Zealand to increase bank interest rates […]
Evergrande could be the next Lehman Brothers
The Chinese economy begins to be questioned. Its impact on global growth that it has helped fuel for more than 20 years is now hampered by electricity shortages and a major real estate crisis. The difficulties of the real estate sector in China triggered by the problems of the giant Evergrande could pose risks to […]
High impact of the week: inflation and interest rates
The opening of Monday 25/10 awaits us with expectations given the macro information of the week. We started with Australian inflation on Monday night. The week will also end with inflation data but from the United States. The numbers are expected to remain unchanged in Australia, however gas and coal prices have reached record highs […]
High Impact of the Week: Canada GDP and US Production
The week will continue with fears of an Evergrande collapse that could cause financial contagion and slow the growth of the Chinese economy. That concern eased after the developer agreed to settle some local note interest payments, but the problem is far from over with holders of dollar bonds that have yet to receive a […]
High Impact Week: Central Banks of Australia, Canada and Europe on the Move
This first week of September comes with a monetary policy combo. This week the publication of Australian interest rates is expected with a maintenance forecast. The aussie could give its correction and possible sales are expected for this Tuesday 1:30 am EST. Canada (BOC) would publish its rate decision on Wednesday 11:00 EST, forecast of […]
US inflation: possible dollar decline
The dollar recovered all of its losses for the week at the close of Friday. The good American employment data for July made clear the recovery of the economy. This information generated a jump in the probabilities of the rise of the changes of the FED. American inflation data this week is expected to generate […]
American & Canadian Employment. Australian & UK Interest Rate This Week
President Joe Biden’s top medical adviser, Dr. Anthony Fauci, said Sunday that he does not expect the United States to return to lockdowns. Despite the increasing risks of COVID-19 infections posed by the Delta variant. “I think we have a sufficient percentage of vaccinated people in the country, not enough to crush the outbreak, but […]