As reported by the U.S. Department of Labor’s Bureau of Labor Statistics, the U.S. Consumer Price Index (CPI) decreased to 3.1% year-on-year in January, a drop of three-tenths of a percentage point from December. The high inflation on U.S. soil and its persistence buried the options for a possible lowering of interest rates by the […]
As the dollar moves cautiously, stock markets remain at two-year highs ahead of inflation-related data
On Monday, the U.S. dollar (USD) showed volatility due to important data expected this week that will influence monetary policy. For this reason, two members of the U.S. Federal Reserve will be speaking this week to keep calm ahead of the release of January’s Consumer Price Index data. Revisions made on Friday last week, which […]
The five most important events of the week
This week, inflation figures in the United States will take all the market’s attention, and at the same time, markets will be looking for signals on the timing of interest rate cuts by the U.S. Federal Reserve (Fed). Similarly, this week will see key data releases from Japan and the U.K., not to mention oil […]
Bitcoin price hits highest levels since 2021
Bitcoin (BTC) hit its highest price since December 2021, boosted by a record debut by U.S. exchange-traded funds. The cryptocurrency rose more than 2.1% to US$49,130, surpassing last year’s highs. This occurred a few weeks after ETFs were approved in January. Likewise, Bitcoin is poised for a seventh consecutive gain, which would become the longest […]
Daily Technical Analysis on EUR/USD: Oversold levels may be present
Generally, the euro (EUR) is considered one of the weaker currencies when the U.S. dollar (USD) is trending towards strength. However, the view of U.S. economic strength may open the door for a prolonged period of dollar-side profitability. After robust U.S. employment data in January, analysts now believe that the anticipated easing in demand might […]
Cocoa prices hit record highs, raising confectionery costs for this year
Cocoa futures extended their growth and reached record prices in New York as a deficit grips the market, and chocolate and other confectionery products could become more expensive in 2024. Since the beginning of the year, cocoa prices have soared nearly 30% in London and New York, marking a continuation of the price escalation that […]
China suffered the most significant drop in consumer prices in more than 14 years
In January, China recorded the most significant drop in consumer prices in more than 14 years, while producer prices also fell. This phenomenon underscores the ongoing deflationary risks that Asia’s largest economy is struggling with as it seeks to recover. Consumer Price Indices in decline According to data from the National Bureau of Statistics (NBS), […]
Hong Kong wants to introduce a stablecoin backed by China’s Yuan
The Hong Kong General Chamber of Commerce (HKGCC) has applied to create a stablecoin pegged to the yuan (CNY). The application, which has provoked great interest in the financial sector, is part of a set of strategies to promote the yuan’s intentions of securitization. Similarly, the application also aims to encourage the adoption of the […]
Reserve Bank of Australia keeps interest rates unchanged for the second consecutive time
The Reserve Bank of Australia (RBA) has left interest rates unchanged at 4.35%, a decision expected by the foreign exchange market. Additionally, the RBA stated that it is not ruling out the possibility of raising rates if needed despite having lowered its inflation forecasts. The bank noted that inflation fell from December to January, although […]
Daily Technical Analysis on GBP/USD: Downtrend gains strength as pound enters difficult month
The most recent behavior of the British Pound (GBP) can serve as a warning that February is generally a difficult month for the British Pound. This means that one should look for the possibility of losses on long positions this month. Last week, various economic data releases from both the UK and the US impacted […]