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 Outlook with Canadian Jobs Data in the Horizon

USD/CAD is on a consolidation pattern ahead of the Canadian employment data. Analysts expect 195,000 additional people to have been employed in June after the recorded decline of 68,000 in May. In the past two releases, Statistics Canada has indicated a decline in the number of employed people. Notably, a […]

GBP/USD: Will UK GDP Yield a Move Past 1.3800?

GBP/USD is wavering around 1.3800 ahead of the UK GDP data. analysts and investors alike are keen on whether the released figures will beat the prior month’s growth of 2.3% MoM and contraction of 6.1% YoY.   The UK is also set to release its manufacturing production and trade balance […]

USDCAD

USD/CAD Eases on Rally Ahead of US Oil Inventory Data

USD/CAD has eased on its rally after the higher-than-expected US initial jobless claims. Analysts had expected a reading of 350,000. However, the unemployment claims came in at 373,000 compared to the previous week’s 371,000. Notably, the figures have consistently missed estimates since mid-June. USD/CAD is also reacting to the high […]

USDCAD

USD/CAD: Key Level to Watch with the Bullish Pennant Formation

USD/CAD is on a bullish pennant formation as investors eye the Fed minutes scheduled for later in Wednesday’s session. On Tuesday, the pair surged as a reaction to the plunging crude oil prices. As a commodity currency, the Canadian dollar thrives in rising oil prices. The ongoing OPEC+ crisis boosted […]

Brent Crude Oil Calm Ahead of US Oil Rig Count Data

Crude Oil Price Forecast Amid OPEC+ Crisis

Crude oil price remains on an uptrend amid the unresolved OPEC+ crisis. On Friday, the coalition proposed to increase oil output by about 2 million bpd in the year’s second half. The proposal also included extending the current output cuts into the coming year. However, UAE is against some of […]