Brief Overview of Last Week’s Key Economic Events
Last week featured mixed economic data globally. In the United States, indicators showed notable improvement, with jobless claims declining, and new home sales and both manufacturing and services PMI rising, although existing home sales declined. In the Eurozone, inflation rates remained stable, while both manufacturing and services PMIs showed significant contraction. In the United Kingdom, […]
Bitcoin Hits New All-Time High at $112,000 Amid Growing Market Optimism
Bitcoin prices reached a new all-time high of $112,000 yesterday. The cryptocurrency has surged by approximately 50% since its April 7 low, confirming its entry into a bull market. Additionally, Bitcoin has gained about 19% year-to-date. Notably, the correlation between Bitcoin and the S&P 500 has dropped to its lowest level since last March, currently […]
Negative Momentum Pressures USD/JPY Amid Rising Geopolitical Concerns
The USD/JPY pair recorded a low of 143.14 today — its lowest level in two weeks — and is currently trading near the 143.50 mark. The pair has declined by around 9% year-to-date. Negative momentum appears to be dominating in the near term, driven by both fundamental and technical factors. Fundamental Factors: Flight to Safe-Haven […]
Sharp Decline in USD/MXN Pair: Lowest Level Since October 2024
The USD/MXN exchange rate continues its downward trend, reaching 19.2270 today — its lowest level since October 8, 2024. The pair has declined by approximately 9% from its peak on April 9, 2025 (21.0785) to yesterday’s low. It has also dropped nearly 8% year-to-date. Recent economic data from Mexico suggest that the economy is beginning […]
Chinese Economic Data for April: Industrial Growth Improves While Consumption and Investment Slow
The USD/CNY exchange rate has been trading sideways over the past two weeks within a horizontal range between 7.1800 and 7.2500, searching for a clear direction, either upward or downward. The pair is down approximately 2% year-to-date. As for the Hang Seng Index, it has risen by around 17% since the beginning of the year, […]
Brief Overview of Key Economic Events from the Past Week
Last week featured several important economic data releases on a global scale. In the United States, inflationary pressures showed signs of easing, with both the Consumer Price Index (CPI) and Producer Price Index (PPI) declining. Meanwhile, labor market data remained resilient, although retail sales posted limited growth. The University of Michigan Consumer Sentiment Index fell […]
The British Pound Continues to Rise Amid Improving UK Economic Indicators and a Weaker US Dollar
The GBP/USD currency pair reached a level of 1.3444 on April 28, 2025, marking its highest point since February 24, 2022. It has gained approximately 11% from the low recorded on January 13, 2025, at 1.2100 to the peak reached on April 28 at 1.3444. The pair is currently trading near the 1.3300 level and […]
The U.S. Dollar Hits Highest Level Against Turkish Lira Since March Amid Political Turmoil and Economic Slowdown
The USD/TRY exchange rate reached 38.8040 yesterday, marking its highest level since March 19, 2025, when it touched around 41.00. This spike follows political unrest in Turkey, particularly the imprisonment of Istanbul’s mayor, Ekrem İmamoğlu, on charges related to corruption and supporting terrorist organizations. The pair is currently trading near 38.7500 lira per dollar. Since […]
DAX Index Hits Record High Amid Improving German Economic Outlook
The German DAX index reached a new all-time high of 23,912 points two days ago, before closing yesterday at 23,639 points. The index has surged approximately 29% since its recent low of 18,490 points on April 7, 2025, up to the peak recorded earlier this week. Year-to-date, the DAX has risen by around 18%, outperforming […]
Bullish Momentum for the U.S. Dollar Index Despite Economic Challenges
The U.S. Dollar Index, which measures the greenback’s performance against a basket of six major currencies, climbed yesterday to its highest level since April 11, 2025, reaching 101.98 points. It is currently trading around 101.50. The index has risen approximately 4% from its April 21, 2025 low of 97.92 to yesterday’s peak. However, on a […]
