Faith Maina
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.

GBPUSD

GBP/USD: Average Earnings Index and Claimant Count Data in Focus

GBP/USD has continued Monday’s sideways trading ahead of UK Average Earnings Index and other employment numbers. The Average Earnings Index focuses on the labour cost for businesses and government agencies. This acts as a growth indicator of personal income. In today’s release, analysts expect a reading of 4.9%; 2 points […]

Rates

FTSE 100: Focus on Cineworld, Compass, and United Utilities’ Earnings

FTSE 100 is on a downtrend for the third consecutive session ahead of crucial earnings by the video game company Keywords, movie theatre group Cineworld, Compass, Bellway, and water company United Utilities. On Monday, B&Q’s Kingfisher PLC released relatively strong figures. CineWorld was one of the most affected companies by […]

GBPUSD

GBP/USD remains under pressure amid UK-EU vaccine row

GBP/USD remains under pressure amid the ongoing row between the EU and UK on vaccine supplies. The president of the European Commission has indicated that the EU is considering halting coronavirus vaccine exports to the UK if the country does not start sharing shots with the bloc. This comes at […]

USDTRY

USD/TRY: What next for the Turkish Lira?

USD/TRY began the week at its highest level since November 2020. The pair hit a high of about 8.50 before pulling back to its current 7.90.  This marks a drop of close to 15% of the Turkish Lira against the greenback. The abrupt surge of the pair is the market’s […]

crude oil price

What Next for Crude Oil Prices After Plunge?

Crude oil prices are trading sideways after the plunge in Thursday’s session. The drop in prices followed a series of bearish news over the past week. To start with, the rise in US crude oil inventories came as a surprise to investors who have been betting on the recovery of […]

eurusd

EUR/USD forms double-top pattern amid rising US treasury yields

EUR/USD extended losses from the previous session amid rising treasury yields. After hitting a one-week high of $1.1990 in Thursday’s session, the pair dropped to $1.1912 on Friday. The 10-year yields rose to a one-year high of 1.754% before easing to its current 1.700. At the same time, the dollar […]

EURUSD

EUR/USD breaks past the bullish flag ahead of US jobless claims data

EUR/USD has pulled back after ending the previous session at a one-week high. Yesterday’s gains came after the Fed’s dovish tone. The central bank has indicated that it intends to maintain interest rates as they are, at least till 2023. The subsequent sell-off of the greenback pushed the EURUSD higher. […]