Crude oil rises after obstruction of the Suez Canal
This Wednesday crude oil prices were affected by an interruption in the circulation of the Suez Canal. Faced with an already volatile price scenario, the obstruction generated more speculation. Like the Strait of Hormuz and the Panama Canal, the Suez Canal are key waterways for world trade and any obstruction or inconvenience that creates delays […]
Economic news with PMI of Euro Zone and United Kingdom
This Wednesday Markit Group, will publish the preliminary data of the PMI of the United Kingdom, France, Germany and the data for the Euro Zone. The PMI, an index that gives a short-term account of the macroeconomic status of these countries or regions, must be taken into account because values lower than 50.0 show an […]
The institutional advance in crypto investments
Crypto is once again in the news due to the interest of institutional investors in finding ways to invest in this type of asset. This Monday, following in Canada’s footsteps, it was announced in Brazil that a new investment fund made up of BTC will be launched. In the United States, there are several companies […]
European Union Summit This Friday
France and Germany will present their updated production data this week. The forecast is generally positive for production in both countries, however, the positive data may be overshadowed by a new closure of the economies. The low rate of vaccination added to their secondary effects may be the reason that Europe needs a new shutdown […]
Volatile market for crude oil
The advance and retreat on the news of the current pandemic reflect its effects on the markets. In this case, oil is not exempt and is one of the most affected. Its price for a year ago dragged losses and when the outlook provides clarity, new infections, restrictions or even problems with vaccination, affect the […]
Overcome fear
Thanks to fear, humanity has evolved and has been able to overcome everything that threatens its existence for a long time. Our brain incorporates a set of instinctive abilities in response to certain stimuli that tend to keep us away from danger, skeptical of risk and safe from any unknown externality. These “preloaded” elements are […]
Employment in Australia, projection on AUDUSD
This Wednesday the Australian Bureau of Statistics, as every month, will release the data from the previous month, on the variations of the employed population in the country and the total workforce that is currently unemployed. The previous index of unemployment showed that in the month of January, the rate fell to 6.4% and the […]
BTC falls after new highs
Bitcoin (BTC), the largest-cap cryptocurrency on the market, crossed $ 60,000 and managed to break resistance around $ 58,000 over the weekend. The crypto, hours after exceeding said barrier and reached the record of $ 61,683.86, according to CoinDesk. The new record is contextualized after a period of declines and consolidation, after a turbulent February […]
US and UK interest rates March. Weekly trading
This Wednesday the FOMC interest rates are presented although we do not estimate many changes compared to last semester. It is in June when the real action of the Fed begins. While economic risks persist, they are fading with growing confidence that the economy can fully reopen by the summer. Given the Fed’s current caution, […]
FOMC will decide on interest rate
Next week the FOMC will meet again to determine the roadmap for the coming months in relation to the economic projections and the decision on interest rates. The announcement will be made by Fed Chairman Jerome Powell and interest rates are expected to remain between 0.00% and 0.25%. Taking into account that the decision is […]