Overview of Key Economic Events from Last Week
The United States saw mixed economic data, with the Headline Consumer Price Index (CPI) and core CPI falling less than expected, while the Job Openings Index exceeded forecasts. The Producer Price Index (PPI) declined, and unemployment claims dropped, reflecting a slight improvement in the labor market. In contrast, U.S. oil inventories decreased below expectations, while […]
Pressure on the Nasdaq 100 Index: Technical Analysis and Influencing Factors
The Nasdaq 100 index recorded a level of 19,153 points yesterday, marking its lowest level since September 12, 2024. It then closed at 19,225 points. The index has declined by 14% since the peak it reached on February 19, 2025, which was 22,223 points, to yesterday’s low. It has also dropped by around 9% since […]
Trade Uncertainty and Recession Fears Weigh on the U.S. Dollar
After reaching its highest level this year on January 13, 2025, at 110.17 points, the U.S. Dollar Index (DXY), which measures the dollar’s performance against a basket of six major currencies, has declined to 103.22 points two days ago, marking its lowest level since October 16, 2024. This represents a drop of approximately 6%. Currently, […]
USD/SEK Drops to Its Lowest Level Since December 29, 2023
The USD/SEK pair continues its downward trend, recording 9.9630 yesterday, its lowest level since December 29, 2023. The pair has declined by approximately 12% from its peak of 11.3101 on January 13, 2025, to the low recorded yesterday at 9.9630. Recent Swedish economic data indicates that the Swedish economy has begun to improve, as: • […]
Oil Price Movements and Developments
Oil prices dropped to $68.37 on Wednesday, March 5, 2025, marking their lowest level since December 2021, currently trading near $70. Oil prices have declined by approximately 6% since the beginning of the year, amid prevailing uncertainty in the oil market, which is influenced by various factors. The decline is attributed to several key factors, […]
Brief Overview of Key Economic Events from Last Week
Last week, several important economic developments occurred across major economies. In the United States, unemployment claims dropped to 221,000, which was lower than expected, but the unemployment rate increased to 4.1%, higher than both expectations and the previous reading. Oil inventories saw a significant rise of 3.614 million barrels. Other economic indicators showed improvements in […]
USD/JPY hits lowest level since October 2024: Key drivers behind the decline
The USD/JPY pair reached 147.30 yesterday, its lowest level since October 8, 2024, and is currently trading near the 147.50 level. The pair has declined by approximately 6% since the beginning of the year. Negative momentum appears to dominate the upcoming phase due to several fundamental and technical factors. Fundamental Factors: PMI Data: The manufacturing […]
Ripple’s strong performance compared to Bitcoin and Ethereum since the beginning of the year
The cryptocurrency market is known for its high volatility, but recent weeks have witnessed even sharper fluctuations, especially following Trump’s announcement last Sunday about establishing a U.S. strategic reserve of cryptocurrencies, which includes Cardano, Solana, Ripple, Ethereum, and Bitcoin. This move signals his strong support for the industry. Notably, for the third consecutive week, there […]
Key Economic Factors Impacting the Euro
The EUR/USD pair rose to 1.0628 yesterday, marking its highest level since December 6, 2024, after trading in a sideways range between the support level of 1.0200 and the resistance level of 1.0500 over the past three months. The factors pressuring the euro: Expected ECB Rate Cuts: The European Central Bank (ECB) is expected to […]
Market Uncertainty Fuels Gold Rally: Will It Continue?
Gold prices reached an all-time high of $2,956 last week before retreating to $2,833 on Friday, February 28, 2025, marking a decline of approximately 4%. This drop is likely due to a correction and profit-taking by investors, which is considered a healthy movement, especially as gold prices approached the highly anticipated psychological barrier of $3,000. […]
