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 […]
Brief Overview of Key Economic Events from the Past Week
Last week witnessed several significant economic events globally. In the United States, economic data showed mixed results. The Manufacturing Purchasing Managers’ Index (PMI) rose to 49.7, indicating contraction but surpassing expectations. On the positive side, the Construction Spending Index grew by 0.4% month-on-month, better than expected. The Job Openings Index reached 7.744 million, signaling strong […]
Optimism and Challenges: Supporting and Pressuring Factors on the U.S. Stock Market
The U.S. stock markets have recently experienced a strong sense of optimism, with the VIX index dropping to 12.89 points two days ago, marking its lowest level since July 19, 2024. It is currently hovering around the 13-point level, indicating stability and investor comfort in the U.S. stock markets. U.S. stock indices closed with a […]
Continued Rise of Cryptocurrencies and the Emergence of Ripple as a Strong Competitor
Cryptocurrency markets are known for their significant volatility, but recently, we’ve witnessed sharp fluctuations, particularly after the announcement of Trump’s victory in the U.S. presidential election on November 5th. This led to a bullish momentum across all cryptocurrencies after Trump pledged strong support for the industry. Notably, we have seen continued liquidity flowing into cryptocurrency […]
Technical Recession and the Decline of Economic Indicators in Turkey: A Comprehensive Overview
Recent Turkish economic data shows that the Turkish economy is experiencing weakness, as: The GDP contracted by 0.2% on a quarterly basis, the same adjusted decline recorded in the second quarter. This is the first time since 2018 that the economy has contracted for two consecutive quarters, indicating that the economy has entered a technical […]
Between Economic Challenges and the Unexpected Rise of German Stocks: A Look at the German Economy and the DAX Index
The latest German economic data still shows that the German economy is experiencing weakness, as: The German Consumer Price Index (CPI) for November showed an annual growth of 2.2%, which is lower than the expected 2.3%, but higher than the previous reading of 2.0%. The German ZEW Indicator of Economic Sentiment for November declined to […]
Brief Overview of Key Economic Events from the Past Week
Last week, the United States saw several important economic indicators. In the Federal Reserve’s November minutes, officials expressed a preference for a cautious approach to future interest rate cuts, noting that the labor market showed no signs of a rapid deterioration. The Core Personal Consumption Expenditures (PCE) Price Index showed a growth of 2.8%, in […]
Performance of the Chinese Economy and the US Dollar/Yuan Exchange Rate considering Recent Data
The US dollar against the Chinese yuan reached 7.2720 three days ago, its highest level in four months, and is currently trading near the 7.2500 level. The exchange rate has risen by about 4% since the low of September 27, 2024, when it was 6.9691, to the peak reached three days ago at 7.2720. It […]
