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.

Dow Jones

Dow Jones Declines as the Fear & Greed Index Signals Greed

Dow Jones is lagging even after the US central bank maintained a dovish tone. On Wednesday, the Federal Reserve indicated that it was too early to talk about tapering asset purchases. Powell also stated that while the US economy has recovered steadily, it is still uneven and incomplete. As such, […]

USDZAR

USD/ZAR Plunges into an Oversold Territory; Where to Next?

USD/ZAR has extended its losses from the previous session as the South African rand continues to strengthen against the US dollar. To begin with, the Federal Reserve’s dovish tone has heightened the risk appetite in the market. Notably, a risk-on attitude is a bullish catalyst for emerging market currencies while […]

eurusd

EUR/USD: Key Levels to Watch Ahead of US GDP Data

EUR/USD is rallying as investors digest Wednesday’s Fed interest rate decision. The US central bank maintained a dovish tone as it insisted that it would continue with its aggressive monetary policy. Subsequently, the benchmark 10-year US bond yields dropped from an intraday high of 1.65 to 1.60. The dollar index, […]

USDCAD

USD/CAD Forecast Ahead of Canada’s Retail Sales, FOMC Statement

USD/CAD is on a consolidation pattern as investors look for further cues from the Fed interest rate decision and Canada’s retail sales data. The Canadian dollar has been strengthening against the US dollar for over a week now after the BoC interest rate decision. While it maintained interest rates at […]

Crude oil price

Crude Oil Price: Rising Wedge Signals Further Gains

Crude oil price has reacted sparingly to the higher-than-expected US oil inventories as demand optimism props up the prices. Late on Tuesday, API indicated that the weekly stockpiles rose by 4.319 million barrels compared to the expected 0.375 million barrels. Investors are now keen on whether EIA will confirm this […]

FTSE 100

FTSE 100 Propped Up by BP and HSBC Earnings

FTSE 100 is on a consolidation pattern as investors monitor this week’s earnings reports. On Tuesday, HSBC beat analysts’ estimates of $3.35 billion by reporting $5.78 billion as its Q1’21 profits before taxes. The figure is also higher than the $3.21 billion it recorded in Q1’20. Subsequently, its shares rose […]

WTI Crude Oil price

Crude Oil Price: OPEC Ministerial Meeting in Focus

Crude oil price has been reacting to the rising COVID-19 cases in equal measures to the ongoing optimism of the global economic recovery. Subsequently, it has remained range-bound ahead of the OPEC ministerial meeting scheduled for Wednesday. During the Joint Technical Committee meeting on Monday, the OPEC Secretary General, Mohammad […]

USDJPY

USD/JPY Forecast Ahead of the BoJ Interest Rate Decision

USD/JPY remains on a downward trend ahead of the BoJ interest rate decision scheduled for Tuesday. In March, the Bank of Japan decided to allow the 10-year bond yields to fluctuate by 0.25% from zero on either side. This is up from the previous 0.2%. Besides, it intends to continue […]

S&P 500

S&P 500 Forecast Ahead of Fed Interest Rate Decision; Earnings Week

S&P 500 has eased as investors prepare for this week’s corporate earnings. About one-third of companies embedded in this stock market index are scheduled to release their Q1’21 earnings in the course of the week. In today’s session, Tesla is among the companies that will be presenting their financial results. […]