Brief Overview of Key Economic Events from the Past Week
The economic events from last week showed mixed results across different countries. In the United States, the Manufacturing PMI fell to 48.3, lower than the expectations (49.4) and previous reading (49.7), indicating a contraction in the industrial sector. In contrast, the Services PMI rose to 58.5, exceeding expectations (55.7) and marking the highest level since […]
US Stock and Bond Market Outlook: Factors Affecting Performance Amid Inflation and US Economic Data
US stock indices closed lower yesterday for the third consecutive day, with the S&P 500 (-0.087%) and Nasdaq 100 (-0.47%) ending in the red. On the other hand, the Dow Jones index ended a 10-session losing streak, recording a slight gain of 0.036%. Despite this, these indices are still up since the beginning of the […]
Oil Price Volatility: The Impact of the US Dollar and Supply and Demand Factors
Crude oil prices have been fluctuating between the levels of $70 and $75 per barrel for the past two months and are currently hovering around $73. It appears that the horizontal sideways trend will remain dominant at this stage, especially amid the prevailing uncertainty in the oil market, which is influenced by several divergent factors […]
The Downward Trend of the NZD/USD Pair: Analysis and Forecasts
It seems that the downward trend for the New Zealand Dollar to US Dollar pair will dominate in the upcoming period, as it has fallen by about 10% since its peak on September 30, 2024, at 0.6391, reaching a low of 0.5730 today. This pair is currently trading near the 0.5750 levels. It has also […]
Bitcoin Sets Record Highs: An Analysis of the Causes Behind the Rise and Future Trends
Bitcoin, the largest cryptocurrency in the world by market capitalization currently valued at $2.11 trillion, continues its upward trajectory, hitting a record high of $107,821 yesterday, and is currently trading near $107,000. The price of Bitcoin has risen by approximately 58% since the close of the November 4th session, just before the U.S. elections, when […]
Brief Overview of Key Economic Events from the Past Week
Global markets experienced several significant economic developments last week. In the United States, the jobless claims index rose to 242,000, while the Consumer Price Index (CPI) showed a 2.7% growth, and the Producer Price Index (PPI) increased by 3.0%. In the Eurozone, the European Central Bank decided to cut interest rates by 25 basis points. […]
SNB cuts interest rates by 50 basis points, and the USD/CHF pair continues its upward trend
The Swiss National Bank unexpectedly cut interest rates by 50 basis points yesterday, contrary to expectations of a 25-basis point cut. This reduction takes the rate from 1.00% to 0.50%, marking the fourth consecutive cut this year after three 25-basis-point reductions. The US dollar continues its upward trend against the Swiss franc for the fifth […]
Gold’s Bullish Trend: Factors and Technical Indicators Supporting Its Rise
The price of gold reached $2,726 today, marking its highest level since November 6, 2024, and it is currently trading near the $2,715 level. Gold has risen by about 7% since the low of November 14, 2024, when it was $2,537, to the peak it reached yesterday at $2,726. It has also risen by about […]
EUR/GBP Pair: Technical and Fundamental Analysis Amidst the Downtrend
The EUR/GBP pair continues its downward trend, having recorded 0.8240 today, marking its lowest level since March 7, 2022. This indicates a decline of around 5% since the beginning of the year to date. It is currently trading near the 0.8250 level. It appears that the negative momentum for this pair is dominant in the […]
Reserve Bank of Australia Holds Interest Rates at 4.35% Amidst Declining Australian Dollar
The Reserve Bank of Australia (RBA) kept interest rates unchanged at 4.35% in its meeting today, marking the eighth consecutive month at this level. The Australian central bank is the only one among major central banks in developed countries, such as the U.S. Federal Reserve, the European Central Bank, the Swiss National Bank, the Bank […]
