Price action trading OCT 1st
EURUSD remained below 1.06 in its closing session although the potential annual lows remain above 1.0550. The bet is still latent that the European numbers will improve this Monday. Production data will be presented tomorrow at the European opening. We will be attentive to good forecasts. The preference is buying over 1.0550. If the production […]
FED and Canadian employment data this week
Last Friday’s job payrolls beat forecasts for a drop in US unemployment. With a result of 3.6%, American employment remains active, but not the creation of new jobs, which still does not exceed 500,000 new jobs. The effectiveness of the Fed’s communication appears to be working. This means that after a 25bp hike to start […]
Market projections March 21 to 25
Russian President Vladimir Putin put his nuclear forces on high alert in late February and warned NATO not to interfere in Ukraine. Secretary of State Antony Blinken has repeatedly said the United States is ready to defend any Russian incursion into NATO territory. A clash between the world’s two biggest nuclear powers is the nightmare […]
Ukraine and Russia conflict and impact on monetary policy
Federal Reserve officials are wary of a Russian invasion of Ukraine, though several have said in recent days that geopolitical tensions are unlikely to stop them from withdrawing support for the US economy. The job market is booming and prices are rising fast. This week positive US employment data is expected with a drop of […]
The United States Prepares to Defend Ukraine
President Joe Biden spoke with President Vladimir Putin of Russia about Russia’s military buildup on Ukraine’s borders. President Biden was clear that if Russia launches a new invasion of Ukraine, the United States, together with our allies and partners, will respond decisively, imposing swift and severe costs on Russia. President Biden reiterated that a Russian […]
US production, FOMC and employment reviews next week.
This week the first revision of the economic situation in the United States is expected after the holidays. Today, January 2, more than 3,600 flights have been canceled worldwide, more than half of them in the United States, which adds to the number of travel interruptions during the holiday week due to adverse weather and […]
Lagarde cannot bring relief to the European market
Lagarde’s conclusions in his presentation on Thursday in the framework of the IMF failed to bring out optimism in the international market. The euro reacted slightly bullish on the euro after his speech however it will depend on the buyers next week. Lagarde’s political perspective does not match the logic of the market. Production data […]
Cryptocurrencies under the eye of the IMF.
The IMF released a tough report on cryptocurrencies on Tuesday. It is part of the Global Financial Stability Report. According to the International Monetary Fund, as the adoption and circulation of cryptocurrencies increases, the risk and impact on the world economy do as well. The entity spoke out on the risks derived from the boom […]
High Impact Week: Australian, New Zealand Interest Rate, US and Canada Job Payrolls.
Already entered the last momentum of 2021 but in retreat. This week Australia and New Zealand will review their interest rates. New Zealand is forecast once again to raise its interest rates. In the previous month the forecast was failed and now we will see what happens this Tuesday. The higher NZDUSD price is one […]
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 […]