S&P 500: Ongoing Declines and Increases Amid Global Tensions
The S&P 500 index closed at 5,709 points yesterday, remaining up about 20% since the beginning of the year through yesterday’s close. This index is experiencing pressures and fluctuations due to several factors, the most notable of which are: The escalation of geopolitical tensions in the Middle East at this time, with fears that the […]
Chinese Stimulus Measures Drive Yuan and Stocks Higher: USD/CNH Under Pressure
The USD/CNY exchange rate recorded 6.9700 last week, its lowest level since May 16, 2023, and is currently trading near the 7.0000 levels. As for Chinese stocks, the CSI300 index rose significantly, closing at approximately 4,018 points two days ago, marking its highest level since August 4, 2023, and up by about 17% since the […]
USD/JPY: Negative Momentum Dominates Amid Market Uncertainty
The USD/JPY exchange rate recorded 139.57 on September 16, 2024, its lowest level since July 28, 2023, and is currently trading near the 144.00 levels. It appears that negative momentum will dominate in the coming period, driven by several fundamental and technical factors. Fundamental Factors: The headline Consumer Price Index (CPI) rose by 3.0% year-on-year […]
Brief Overview of Key Economic Events from the Past Week
In the United States, the Manufacturing PMI fell to 47.0 while the Services PMI rose to 55.4, indicating a divergence in sector performance. Consumer Confidence decreased to 98.7, although new home sales increased to 716K, and oil inventories saw a significant drop of 4.471 million barrels, with unemployment claims falling to 218K. Durable Goods Orders […]
The Strength of the Australian Dollar: Supporting Factors and Market Challenges
The Reserve Bank of Australia (RBA) held interest rates steady at 4.35% during its meeting on Wednesday, September 24, 2024, marking the seventh consecutive month at this level. The RBA is the only central bank among advanced economies, such as the U.S. Federal Reserve, the European Central Bank, the Swiss National Bank, the Bank of […]
The Bullish Trend in Silver: Analyzing Recent Gains
Silver continues its upward trend, recording $32.28 yesterday, the highest level since May 29, 2024. It is currently trading near $32.00. The biggest challenge lies in reaching the $32.51 level, which is the highest recorded this year, specifically on May 20, and breaking through it. Silver has risen by approximately 22% since the August 5, […]
Selling Pressure on the Euro-Pound Pair: Analysis and Reasons
The euro against the pound is facing selling pressure, having recorded 0.8317 yesterday, the lowest level since April 22, 2022, indicating a decline of about 4% since the beginning of the year. It is currently trading near the 0.8340 level. It seems that the negative momentum for this pair will dominate in the upcoming period. […]
Performance of the German Economy: Ongoing Weakness Amidst Stock Market Recovery
Recent economic data from Germany continues to show that the German economy is struggling. Specifically: The German Consumer Price Index (CPI) recorded an annual growth of 1.9% in August, which met expectations but was lower than the previous reading of 2.3%. It is also below the European Central Bank’s target rate of 2%, indicating weak […]
Weekly Market Analysis
Key Events of Last Week United States of America The Federal Reserve decided to cut interest rates by 50 basis points from the range of 5.25% – 5.50% to 4.75% – 5.00%, marking the first reduction since March 2020. The Philadelphia Fed Manufacturing Index declined, registering a growth of 1.7 points, which is below expectations […]
Future Expectations for Gold Prices Amid Current Conditions
Gold prices reached $2,600 yesterday, the highest level ever recorded. This marks an increase of approximately 24% since the beginning of the year. Currently, it is trading near $2,560. It seems that the upward momentum for gold will prevail in the upcoming phase. Let’s take a look at the factors supporting this rise: The reduction […]
