Category: Market Analysis

De-dollarization of the global economy is underway and these 5 facts demonstrate it.

Multiple factors come together, driving countries in Asia, Latin America, the Middle East, and elsewhere to seek alternatives to the dollar. The dollar’s share as a global reserve currency has fallen above 50%. Bitcoin emerges as an alternative to break the dollar’s hegemony. The dollar is under threat as many countries explore methods to trade without the US currency. This … Read more

Volatility will be the dominant note in the EUR/USD in 2023

by rcanessa

Volatility is an inherent element of financial markets, and even more so in currency markets, but in 2023 the ups and downs could skyrocket. Investors will have to keep a cool head in this scenario. After rising around 25% since the summer of 2021, the dollar has fallen sharply in recent weeks. “Looking ahead to 2023, the question is whether … Read more

Crisis at Credit Suisse with USD 1.6 billion in losses

by rcanessa

Strong concerns raised around Credit Suisse in early October are resurfacing as the bank loses its wealthiest clients. Cryptocurrency exchange FTX filed for bankruptcy along with its 130 affiliated companies, a fact that is impacting the entire cryptocurrency industry, but looking a little further, in the world of traditional finance Credit Suisse is facing a deep crisis. The Swiss-based bank, … Read more

Fed tries to contain inflation in the US with a 0.75% increase in interest rates

by rcanessa

The 75 basis point increase leaves interest rates in a range between 1.5% and 1.75%. It is the largest increase in rates since 1994, with the aim of stimulating savings. The fight against inflation continues to be the main strategy of the US financial authorities, after the Fed announced at a press conference that it increased its interest rate by … Read more

Bitcoin fails to exceed the USD 30,000 band, what do the experts predict?

by rcanessa

Bitcoin has depreciated 1% every day for the last month, highlights Glassnode. Analysts agree that demand is likely to continue to decline due to current market fundamentals. Bitcoin (BTC) turns ten days today without exceeding the USD 30,000 band, at the same time that its minimum price has been rising, behavior that shows that, although there is demand, it is … Read more

US dollar index holds near 20-year high hit last week

by rcanessa

As another trading week kicks off this Monday, the US dollar index remains near the nearly 20-year high hit last week. The global picture offers plenty of reason to worry: the war in Ukraine and the Covid-19-related lockdowns in China cast long shadows over the growth prospects of the global economy, exacerbating the current inflation problem, intensifying the energy crisis, … Read more

World Trade: a key sector in the economic recovery from Covid-19

by rcanessa

While in 1970, trade represented about 29% of the world’s gross domestic product (GDP), as of 2018, it exceeded 60% of world GDP. At the beginning of the 15th century, with the arrival of colonization and the discovery of America, what began as a commercial phenomenon that we call triangular trade, became, over time, the seed of what we would … Read more

Morgan Stanley strategist predicts good performance for bitcoin and gold in coming years

by rcanessa

Ruchir Sharma believes that next year the inflation of the dollar will be noticed.
For Sharma, the next few years will be better valued stocks that preserve their value.

Morgan Stanley’s head of emerging markets and global strategy commented that commodities such as gold would do well for the next 3-5 years, and included bitcoin among them. Ruchir Sharma shared his point of view with Julia Chatterley, a CNN reporter. In his conversation, he showed his vision on how the economy and the global financial market will behave from 2021.

Major Economic Indicators for Switzerland and the Swiss Franc (CHF)

by rcanessa

The list of economic indicators shown below is of high relevance for both Switzerland and the Swiss franc (CHF), its current fiat currency, and therefore should be followed carefully by traders and investors who trade with this currency (currency pairs like the USD/CHF and EUR/CHF).

Major Economic Indicators for New Zealand and the New Zealand dollar (NZD)

by rcanessa

The list of economic indicators shown below is of high relevance to New Zealand and therefore for its currency, the New Zealand dollar, and should be followed carefully for traders and investors who trade in this currency. However, is important to take into account that this country does not publish indicators very often.

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