U.S. Tariffs Add Pressure on the Chinese Yuan
The U.S. dollar to Chinese yuan (USD/CNY) exchange rate reached 7.3662 yesterday, marking its highest level since December 31, 2024. The pair is currently trading near 7.3300 and has risen approximately 6% since its low on September 27, 2024, when it hit 6.9691, before reaching yesterday’s peak of 7.3662. Chinese Economic Weakness Persists Despite Government […]
Key Economic Events from Last Week
Last week witnessed several significant economic data releases globally: United States: The Federal Reserve kept interest rates unchanged at 4.25%-4.50%, while data showed a slowdown in consumer confidence and a decline in durable goods orders. However, new home sales unexpectedly increased. GDP growth slowed to 2.3%, but consumer spending reached its highest level since 2021. […]
Fundamental and Technical Analysis of the S&P 500: Will the Bullish Momentum Continue?
On Wednesday, January 29, 2025, the U.S. Federal Reserve decided to keep interest rates unchanged at 4.25%-4.50%, in line with expectations. However, the key highlight was Fed Chair Jerome Powell’s statement, where he emphasized that there is no need to rush interest rate cuts. He stressed the importance of seeing further progress in controlling inflation […]
Trump’s Tariff Threat and Weak Canadian Data Boost USD/CAD
Yesterday, the Bank of Canada lowered interest rates by 25 basis points, from 3.25% to 3.00%, in line with market expectations. This marks the sixth consecutive rate cut. The USD/CAD exchange rate continues its upward trend, reaching 1.4516 on January 21, 2025, the highest level since March 24, 2020. It is currently hovering near the […]
How Does the US Dollar Index Move Ahead of the Federal Reserve’s Interest Rate Decision Today?
The US Dollar Index, which measures the performance of the dollar against a basket of six major currencies, reached 110.17 points on January 13, 2025, the highest level since November 10, 2022. Currently, the index hovers around the 108 points level, with the biggest challenge being to break the resistance level represented by the 20-day […]
Reasons Behind the Surge in Coffee Prices: Climate Change and Supply Chain Issues
New York’s coffee futures (Arabica) continue their upward trend, reaching $355.44 yesterday—the highest level since 1977—and up 9% year-to-date. Currently hovering around the $350 mark, these contracts surged by approximately 70% last year. The reasons behind this significant rise include several factors, most notably concerns about crops from major producers, especially Brazil and Vietnam—the world’s […]
Brief Overview of Key Economic Events from the Past Week
Last week saw significant economic developments worldwide. In the United States, initial jobless claims rose to 223,000, while existing home sales improved to 4.24 million. The University of Michigan Consumer Sentiment Index dropped to 71.1 points. The manufacturing PMI grew to 50.1 points, its highest level since June 2024, while the services PMI declined to […]
Future Outlook for Gold Prices: Technical Analysis and Economic Shifts Supporting the Bullish Trend of the Yellow Metal
Gold prices reached $2,763 yesterday, marking the highest level since October 31, 2024, when it reached $2,790, its all-time high. It is currently trading near the $2,760 level. Gold has risen by about 9% since the low of November 14, 2024, when it was at $2,537, reaching the peak of $2,763 yesterday. It has also […]
Global Market Performance Expectations During Trump’s Policies
It is clear that the inauguration speech of the newly elected U.S. President, Donald Trump, on Monday, January 20, 2024, was fiery and resolute, as he outlined a series of executive orders that he pledged to implement. Some of these include: On Tariffs: Trump announced imposing tariffs on foreign goods, including a 25% tariff on […]
Positive Momentum of the FTSE 100 Index: Technical Analysis and Economic Factors
The FTSE 100 Index continues its upward trend for the fourth consecutive day, reaching a new record high of 8,549 points yesterday. It is currently trading near the 8,500-point level, and the positive momentum for this index appears to persist in the upcoming period, having risen by approximately 5% since the beginning of the year. […]
