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.

USDCAD bank of canada

USD/CAD Outlook Ahead of BoC Interest Rate Decision

USD/CAD has reversed its prior gains ahead of the BoC interest rate decision. According to the Bank of America, the event scheduled for Wednesday afternoon may not push the Canadian dollar any higher. The bank has noted, “All else unchanged, we believe it will be difficult for this meeting to […]

crude oil price

Crude Oil Price Extends Gains as API Data Heightens Optimism

Crude oil price has extended its prior gains as a reaction to API’s US oil inventory data. Late on Tuesday, the institute indicated that weekly stockpiles had declined by 2.108 million barrels. Notably, the figure is lower than the prior week’s decline of 5.360 million barrels and the forecasted draw […]

Bitcoin price BTCUSD

It may be time to pause on Bitcoin – Academy Securities

Bitcoin has extended its losses as the IRS seeks additional authority from the US Congress to regulate the cryptocurrency sector. President Biden’s government is proposing for cryptocurrency exchanges and other brokers to report details regarding their customers. This includes indirect foreign investors. If the lawmakers approve the proposal, businesses will […]

EUR/USD Outlook Ahead of Eurozone’s GDP Data

EUR/USD is on a decline ahead of the Eurozone GDP preliminary data. Analysts expect the economy to have contracted by 1.8% and 0.6% on a YoY and QoQ basis respectively. With this being the third reading for Q1’21, its impact on the Euro will be rather muted. EUR/USD will also […]

Silver Price: Here’s What to Expect After US Jobs Data

Silver price is on a rebound after the better-than-expected US jobs data triggered a plunge to $27.04.  According to the ADP nonfarm employment report, 978,000 additional individuals were employed in May compared to the forecasted 650,000. In April, that number was lower at 654,000. At the same time, the initial […]

USDTRY Turkish lira

USD/TRY: After Hitting a New Record High, Where to Next?

USD/TRY has eased after Turkey’s President Erdogan made remarks that pushed the pair to its all-time high on Tuesday. Late on Tuesday, the Turkish leader hinted at interest rates cuts in the coming summer months despite the high inflation. Interestingly, the president fired central bank’s governor Naci Agbal for tightening […]