OPEC Revisions and Market Dynamics Drive Crude Oil Price Surge
By Samir Al Khoury, Crude oil prices have risen by approximately 9% since the low on 5 August this year, which recorded $75.10, to current levels of about $82. This marks an increase of about 6% since the beginning of the year. Yesterday, OPEC lowered its forecast for global oil demand growth this year by […]
The most important events of the past week
By Samir Al Khoury, United States of America The services PMI fell to 55.0, below expectations (56.0) and the previous reading (55.3). The non-manufacturing PMI issued by the Institute for Supply Management (ISM) rose to 51.4, in line with expectations but higher than the previous reading (48.8). The initial jobless claims index fell to 233K, […]
Japan’s Financial Markets Under Pressure: Key Drivers and Trends
By Samir Al Khoury, Japan’s Financial Markets Under Pressure: Key Drivers and Trends The financial markets in Japan have recently experienced significant volatility, driven by economic uncertainty and unclear monetary policies in both Japan and the United States. Last week, the Bank of Japan unexpectedly raised interest rates to 0.25%, contrary to market expectations that […]
Volatility in US Bond Markets Amid Economic and Policy Uncertainty
By Samir Al Khoury, The US bond markets are experiencing sharp fluctuations amid economic uncertainty and ambiguity surrounding monetary and fiscal policy in the United States. Yields on US Treasury bonds across various maturities have risen significantly for the third consecutive day. The two-year bond yield reached 4.028% today, up from 3.656% two days ago, […]
VIX Surge Signals Investor Concern Amid US Economic Uncertainty
By Samir Al Khoury, he VIX, known as the fear and volatility index, which reflects investors’ expectations regarding price movements in the stock market, surged yesterday to 65.73 points. This is its highest level since 30 March 2020, indicating significant investor turmoil and discomfort in the US stock markets. The index later declined, closing at […]
US Dollar Index Performance Analysis Ahead of US Inflation Data
By Samir Al Khoury, The US Dollar Index has been trading within a sideways range between 103.65 and 104.55 points for the past two weeks, searching for a clear direction either upward or downward. On 16 April 2024, the index reached 106.51 points, its highest level since 31 October 2023. What Are the Factors Supporting […]
USD/JPY Downtrend Continues Amid Anticipated Japanese Interest Rate Hike
By Samir Al Khoury, The USD/JPY price continues its downward trend for the fourth consecutive day, reaching 152.23 today, its lowest level since 3 May 2024. However, it remains up about 8% year-to-date. The key challenge lies in reaching the strategic support level of the 200-day moving average, which stands at 151.56. Japan’s headline consumer […]
The most important events of the past week
By Samir Al Khoury, United States of America • The Empire State Manufacturing Index in New York State declined, recording a contraction of 6.60 points, which is lower than expectations (-5.50) and the previous reading (-6.00). • The core retail sales index (excluding car sales) rose on a monthly basis, recording a growth of 0.4%, […]
US Treasury Yields Fall Significantly on Anticipation of Interest Rate Cuts
By Samir Al Khoury, US Treasury bond yields across various terms fell significantly, with the two-year bond yield reaching 4.411% two days ago, its lowest level since 7 February 2024. Similarly, the ten-year bond yield recorded 4.144% yesterday, its lowest level since 13 March 2024. The two-year bond yield, which is highly sensitive to federal […]
TAIEX Rises with TSMC’s Growth and Strong Economy in Taiwan in 2024
By Samir Al Khoury, On Thursday, July 11, 2024, Taiwan’s TAIEX index surged to 24,416 points, marking its highest level ever. Today, it closed slightly lower at 23,997 points, reflecting a notable increase of approximately 34% since the beginning of the year. This growth outpaced major global indices including those of the US, Europe, China, […]
