Coffee Price Increases: Fundamental and Technical Factors Behind the Bullish Momentum
The futures contracts for coffee in New York (Arabica) continue their upward trend, reaching $312 two days ago, the highest level since 1997. Currently, they hover near the $310 mark. These contracts have risen by approximately 65% since the beginning of the year to date. The reasons for these price increases are attributed to several […]
Gold Price Analysis: Trends and Influencing Factors
Gold prices have been experiencing fluctuations recently, reaching a record high of $2,790 on October 30 of this year, before falling to $2,536 on November 14, 2024. Currently, gold is trading near $2,600. We can observe that gold prices are moving within two key levels: a support level around $2,500 and a resistance level near […]
Brief Overview of Key Economic Events from the Past Week
Last week witnessed a series of important economic events around the world. In the United States, the number of unemployment claims dropped to 213,000, while the Services PMI rose to 57.0 points, marking the highest level since March 2022. However, the Philadelphia Manufacturing Index declined, and existing home sales showed a slight increase. In the […]
Trump’s Impact on Cryptocurrencies: A New Era for Digital Assets
It seems that the positive momentum for cryptocurrencies is set to dominate in the coming phase, driven by several factors, with the most prominent being the election of Donald Trump as President of the United States and his support for cryptocurrencies during his campaign. Furthermore, his team is currently in discussions with the digital asset […]
Fundamental and Technical Factors Affecting the EUR/USD Exchange Rate
The EUR/USD exchange rate recorded 1.0496 last week, its lowest level since October 6, 2024. It is currently trading near the 1.0550 level. It has dropped by approximately 6% since the peak of 1.1214 recorded on September 25, 2024, reaching a low of 1.0497 on November 14. It is also down about 5% since the […]
Thai Economic Reports: Optimism and Challenges – A Look at the Currency Market
The Bank of Thailand unexpectedly cut interest rates by 25 basis points for the first time this year during its latest meeting held on October 16, 2024, reducing the rate from 2.50% to 2.25%. Recent Thai economic data reveals a mixed picture. The country’s GDP grew by 3.0% year-on-year in the third quarter of this […]
The U.S. Dollar Continues to Rise Against the Japanese Yen: Is It Approaching the 160 Level?
The USD/JPY pair continues its upward trend, recently reaching 156.75, marking its highest level since July 23, 2024. It is currently stabilizing around the 154.50 level. The pair has increased by 12% since the low of September 16, 2024, when it stood at 139.57, reaching the peak it hit just two days ago. Additionally, it […]
Brief Overview of Key Economic Events from the Past Week
Last week, major economies saw some important developments. In the United States, data showed an increase in inflation with the Consumer Price Index (CPI) rising by 2.6% year-on-year, while the Producer Price Index (PPI) increased by 2.4%, surpassing expectations. Meanwhile, jobless claims fell to 217,000, and retail sales showed a slight increase, indicating some resilience […]
US Dollar Against Norwegian Krone: Fundamental and Technical Analysis
The US dollar continues its upward trend against the Norwegian krone, reaching 11.1946 yesterday, the highest level since November 10, 2023. The USD/NOK pair has risen by about 8% since the low of September 25, 2023, when it was 10.3831, reaching the peak recorded yesterday at 11.1946. It has also risen by approximately 10% since […]
The US dollar surpasses the 1.4000 mark for the first time since 2020 amid the weakness of the Canadian economy
The exchange rate of the US dollar against the Canadian dollar continues its upward trend, reaching 1.4019 today, the highest level since May 22, 2020. The USD/CAD pair has increased by about 4% since the low of September 25, 2024, when it stood at 1.3419, reaching yesterday’s peak of 1.4019. It has risen by approximately […]
