Faith Maina
Faith Maina is a financial analyst and economist. She holds a Bachelor’s Degree in Economics and is underway in her Master’s degree course. She has an expansive understanding of global markets and their drivers. Her specialities are currencies, crypto, commodities, and equities. She lives in Nairobi, Kenya with her husband and son.

USDTRY

USD/TRY: Implications of the CRBT Rate Decision

USD/TRY is on a bearish consolidation pattern ahead of the CRBT one-week repo rate decision. On Monday, TURKSTAT released lower-than-expected CPI data. According to the institute, the CPI rose by 17.14% YoY compared to the forecasted 17.30%. The figure was also lower than the previous 16.19%. At the same time, […]

GBPUSD

GBP/USD: Preview of the BoE Interest Rate Decision

GBP/USD has eased ahead of Thursday’s BoE interest rate decision. The bank started its meeting on Wednesday and is scheduled to present its decision in the afternoon. On the one hand, analysts expect the central bank to leave interest rates unchanged at the current 0.1%. The move will be similar […]

USDCHF

USD/CHF: Key Levels to Watch Amid Steady Recovery of Swiss Economy

USD/CHF is trading lower as a reaction to the higher-than-expected CPI index. On Wednesday, the country’s CPI reading came in at 0.3%; up from the previous -0.2%. While it is still below 2% target set by Swiss National Bank. Monday’s manufacturing PMI data further highlights the steady recovery of Switzerland’s […]

nasdaq 100

Nasdaq 100 Forms Bearish Pennant as Tech Stocks Plunge

Nasdaq 100 has recouped some of Tuesday’s losses; even as the bearish outlook remains. In the previous session, the tech-loaded index spiralled downwards amid inflation concerns and decline in technology stocks. Subsequently, the index dropped to its lowest level since 5th April. While the entry of some buyers has helped […]

NZDUSD

NZD/USD on Relief Rally After RBNZ Governor’s Hawkish Tone

NZD/USD is on a relief rally after RBNZ Governor maintained a hawkish tone. Notably, New Zealand is one of the few countries with near-zero community COVID-19 cases. The government’s swift response at the onset of the pandemic have helped the economy remain relatively steady. As an indicator of economic growth, […]

AUDUSD

AUD/USD: Implications of the RBA Interest Rate Decision

AUD/USD price movements highlight the prevalent sentiment ahead of the RBA interest rate decision. The Australian economy has been recovering steadily; an aspect that has strengthened the Aussie against the greenback. For instance, March retail sales rose by 1.4% compared to the forecasted 1%. In the same month, an additional […]

eurusd

EUR/USD: Relief Rally Possible Ahead of Germany’s Retail Sales

EUR/USD is on track for a relief rally ahead of Monday’s economic events. Among the expected numbers is Germany’s retail sales. While Europe’s largest economy is still struggling with rising COVID-19 cases, its retails sales are expected to have surged by 3.0% MoM. The number is higher than February’s 1.2%. […]

USDTRY

USD/TRY Forecast Ahead of Turkey’s Inflation Data

USD/TRY is trading lower early on Monday ahead of Turkey’s inflation data. The numbers come at a time when President Tayyip Erdogan and central bank’s governor Sahap Kavcioglu have insisted that hiking interest rates will only hurt the economy. In the quarterly inflation report released last week, the country’s central […]

USDCAD

USD/CAD Forecast Ahead of the Canadian GDP Data

USD/CAD has declined further ahead of the Canadian GDP data. Analysts expect a reading of 0.5% MoM compared to January’s 0.7%.  Earlier in the week, the country recorded strong growth in retail sales at 4.8% MoM. The number was higher than the expected 4.0% and January’s -1.1%. The rise in […]

Copper Price

Copper Price Outlook After Reaching its 10-Year High

Copper price is on a consolidation pattern after reaching a 10-year high in Thursday’s session. Since mid-March 2020, the red metal has been on an uptrend amid the ongoing push for decarbonization. Over the past 13 months, it has surged by about 124%. China, the US, and Europe are among […]