Navigating Market Volatility: The Impact of U.S. Presidential Elections on USD Crosses, Gold, and Stock Indices
USD Crosses U.S. presidential elections are pivotal events for financial markets. Political uncertainty and expectations of shifts in fiscal and monetary policy can cause significant fluctuations in the value of the U.S. dollar (USD) relative to other currencies. As Election Day draws near, traders and analysts often adjust their positions in anticipation of the outcome, […]
The Decline of the British Pound: An Analysis of Causes and Market Indicators
The UK’s headline Consumer Price Index (CPI) fell to 1.7% year-on-year as of yesterday, which is lower than the forecasted 1.9% and the previous reading of 2.2%. It is also below the Bank of England’s target rate of 2% for the first time in 3.5 years, supporting the Bank of England’s case for further interest […]
Future Predictions for Gold Prices: Will the Uptrend Continue?
The price of gold reached $2,685 on September 26 this year, which is its all-time high. It then dropped to $2,603 on October 10, 2024. It has been trading for the past three weeks and until today in a horizontal range between $2,670 and $2,600 without a clear directional trend, whether upward or downward. Factors […]
Challenges of the Chinese Economy: Between Government Stimulus and Negative Economic Data
Despite all the new government stimulus recently announced to support the Chinese economy, where the government pledged a significant increase in debt on Saturday, it has left investors puzzled about the overall size of the stimulus package. Recent economic data shows that the Chinese economy is struggling. Specifically: The main consumer price index fell year-on-year […]
Brief Overview of Key Economic Events from the Past Week
Last week saw significant economic developments across major regions. In the U.S., some Fed officials favored a smaller rate cut, with inflation metrics like CPI (2.4%) and PPI (1.8%) coming in slightly above expectations, while consumer sentiment dipped and jobless claims rose. The Eurozone reported modest retail sales growth (0.2%), and the UK saw GDP […]
The Downward Trend of the New Zealand Dollar: Causes and Effects
The Reserve Bank of New Zealand lowered interest rates yesterday by 50 basis points, from 5.25% to 4.75%, aligning with market expectations. This reduction marks the second consecutive cut this year, following an initial decrease of 25 basis points. The downward trend of the New Zealand dollar against the US dollar seems to be prevailing […]
Decline in Turkish Economic Performance Amid U.S. Dollar Surge Against the Turkish Lira
Recent Turkish economic data shows that the Turkish economy is weakening, as: The manufacturing Purchasing Managers’ Index (PMI) for September fell to 44.30, indicating contraction, and was lower than the previous reading of 47.80, marking the lowest level since May 2020. The treasury cash balance for September recorded a deficit of 200.965 billion Turkish lira, […]
The Dollar’s Upward Trend Against the Swiss Franc Amid Economic Indicators
The Swiss National Bank cut interest rates by 25 basis points in its meeting held on Thursday, September 26, 2024, from 1.25% to 1.00%, marking the third consecutive cut this year. The price of the US dollar against the Swiss franc continues its upward trend, reaching 0.8607 on Friday, October 4, 2024, the highest level […]
Brief Overview of Key Economic Events from Last Week
In the United States, the Purchasing Managers’ Index (PMI) for manufacturing fell to 47.3 points, while the Non-Farm Payroll report added 254,000 jobs and the unemployment rate dropped to 4.1%, with an increase in average wages of 4.0%. In the Eurozone, the Consumer Price Index (CPI) recorded a growth of 1.8%, with a steady unemployment […]
Oil on the Rise: How Do Middle Eastern Tensions Affect the Market?
Crude oil prices continue to rise, reaching $77.95 yesterday, the highest level since August 30, 2024. Currently, oil prices hover around $77.50, but they remain down about 1% since the beginning of this year amid prevailing uncertainties in the oil market, which is influenced by several varying factors. The positive factors affecting oil prices include: […]
