Brief Overview of Last Week’s Key Economic Events
Last week was marked by several key economic developments globally. In the United States, data indicated improvements in the labor market and a sharp drop in oil inventories, alongside positive momentum in both manufacturing and services PMI. Housing indicators showed mixed results, while consumer spending declined, despite increases in core PCE inflation and durable goods […]
Bitcoin on Track to Break Historical Resistance Levels After Strong Rally
We witnessed a decline in Bitcoin prices to around $98,000 on Sunday, June 22, 2025, which was the lowest level since May 8, 2025 — due to escalating geopolitical tensions and a shift away from high-risk assets. However, following the easing of these tensions, Bitcoin saw a notable rebound of approximately 10%, from Sunday’s low […]
Gold Seeks Direction: Between Dollar Weakness and Easing Geopolitical Tensions
Gold prices fell yesterday, reaching $3,296 — their lowest level since June 9, 2025 — before closing at $3,324. Since reaching an all-time high of $3,500 on April 22, 2025, gold has been trading sideways in a horizontal range between strong support at $3,200 and firm resistance at $3,400, in search of a clear directional […]
Oil Market Faces Sharp Volatility Amid Escalating Geopolitical Tensions
Oil markets have witnessed sharp price fluctuations recently. On Monday, prices surged to $80.34 per barrel — the highest level since January 21, 2025 — before retreating to close near $70, marking a daily drop of around 9%. The Oil Volatility Index (OVX), often referred to as the “fear gauge” for oil prices, reached 74.41 […]
Brief Overview of Last Week’s Key Economic Events
Last week, the United States Federal Reserve decided to keep interest rates steady at 4.25%, alongside sharp declines in crude oil inventories, retail sales, and industrial production. Additionally, manufacturing indexes in New York and Philadelphia showed greater-than-expected contraction. In the Eurozone, the consumer price index maintained moderate growth in line with expectations, while the UK […]
Swiss National Bank Cuts Interest Rate to Zero… Will Negative Rates Return Soon?
The Swiss National Bank (SNB) decided yesterday to cut interest rates by 25 basis points, as expected, from 0.25% to 0.0%, marking the sixth consecutive cut. This makes the SNB the first central bank in the world to currently adopt a zero-interest rate policy. The question now arises: will the SNB return to a negative […]
Will the Bank of England Keep Rates Steady? Sterling in the Spotlight
GBP/USD reached 1.3632 on Friday, June 13, 2025 — its highest level since February 21, 2022. The pair has climbed nearly 13% from its January 13, 2025 low of 1.2100 to this June high of 1.3632. It is currently trading near 1.3400, up around 7% year-to-date. UK headline CPI rose 3.4% year-over-year, above the forecast […]
Continued Weakness of the Turkish Lira Against the Dollar Amid Economic Slowdown
The USD/TRY exchange rate recorded a level of 39.5191 today — its highest level since March 19, 2025, when it reached around 41.00. The pair is currently trading near 39.5140 lira per dollar. The U.S. dollar has gained roughly 12% against the Turkish lira since the beginning of the year, and forecasts suggest that the […]
USD/NOK Pair Declines to Its Lowest Level Since January 30, 2023
The USD/NOK pair continues its downward trend, recording 9.8642 yesterday — the lowest level since January 30, 2023. The pair has declined by approximately 13% year-to-date and is currently trading near the 9.9000 level. Recent Norwegian economic data indicates that the economy is starting to improve, as shown by the following: The monthly Manufacturing Production […]
Market Overview – Summary of Last Week’s Key Economic Events
Last week saw the release of several important economic indicators globally. In the United States, inflation showed signs of easing, with the headline Consumer Price Index (CPI) slowing to 2.4% year-on-year, while core inflation held steady at 2.8%, indicating a gradual cooling in inflationary pressures. This came alongside a slight uptick in jobless claims and […]
