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

USD/CAD Remains Under Pressure After Higher Crude Oil Draw

USD/CAD is trading higher, even as it remains on a downtrend. As a commodity currency, the Canadian dollar has been finding support in the rising crude oil prices. Late on Tuesday, the American Petroleum Institute (API) indicated that US oil inventories dropped by 5.360 million barrels in the past week. […]

GBP/USD Outlook Ahead of BoE Governor’s Speech

GBP/USD is trading lower ahead of the speech by Bank of England’s governor Andrew Bailey. The speech, which is scheduled for Wednesday afternoon, will highlight the governor’s thinking on interest rates and the entire health of the UK economy. The governor speech comes a week after Gertjan Vlieghe noted that […]

AUDUSD Australian dollar

AUD/USD remains under pressure despite RBA’s hawkish tone

AUD/USD is trading along 0.7750 after better-than-expected Australian GDP data. According to the Australian Bureau of Statistics, GDP grew by 1.8% in Q1’21. While it is higher than the forecasted 15%, it is significantly lower than the 3.2% recorded in 2020’s last quarter. On a year-on-year basis, the GDP rose […]

CRUDE OIL PRICE

Crude oil price: Gap between Demand and Supply to Widen- IEA

Crude oil price has remained afloat after moving past the important resistance level of $70 on Tuesday. Brent futures were up by 0.14% while WTI futures rose by 0.63% as investors digested details of OPEC+ ministerial meeting on Tuesday. The alliance presented an upbeat oil demand outlook. It highlighted its […]

Silver price outlook after soft Chinese manufacturing data

Silver price is trading higher as a reaction to Chinese manufacturing data. In addition to being a precious metal, silver also has various industrial applications. Notably, China is a key consumer of the metal for the manufacturing of various products including silverware, jewellery, and solar panels.  According to the country’s […]

USDTRY

USD/TRY Forecast Ahead of Turkish GDP Numbers

USD/TRY has eased ahead of the Turkish GDP data on Monday. Analysts expect the country’s economy to have expanded by 6.7% in the first quarter and 5.5% on a year-on-year basis. Last week, President Recep Erdogan noted that passed on preliminary data, the released GDP numbers would highlight strong economic […]

EURUSD

EUR/USD Outlook After US PCE Inflation Data

EUR/USD has plunged after the US PCE price index data. The Federal Reserve usually monitors various metrics. However, it uses the personal consumption expenditures (PCE) price index as one of the key gauges of inflation. On Friday, the Bureau of Economic Analysis indicated that core PCE price index was up […]

Dow Jones

Dow Jones Gains From Optimism on Economic Recovery

Dow Jones Industrial Average is up by 141.59 points or 0.41% to its current level of 34,464.64. The rallying has been fuelled by the strong US labor market data and subsequent optimism on economic recovery. On Thursday, the US Department of Labor indicated that initial jobless claims had dropped to […]

Crude Oil Price: Iranian Oil Supply Expected in Q3’21

Crude oil price has been on a bullish consolidation pattern since Monday. On Thursday, it is trading lower amid concerns over the return of Iranian oil in the market. On the one hand, talks on the Iran nuclear deal seem to have made significant progress. This is especially after Iran […]