Bitcoin’s Halving: Does It Really Drive Price?
By Camilo Botia, As Bitcoin’s value climbs to new heights, the spotlight is on the upcoming “halving” event and its potential influence on its price trajectory. For some, halving is pivotal in reinforcing Bitcoin’s value proposition as an increasingly scarce asset. Others dismiss it as mere technical jargon hyped up by speculators to drive prices. […]
Oil Prices Slip As Israel-Hamas Ceasefire Talks Progress
By Camilo Botia Oil prices declined on Monday, pausing a multi-session rally fueled by the Israel-Gaza conflict. The easing geopolitical tensions stemmed from Israel’s troop reduction in southern Gaza and the initiation of renewed ceasefire negotiations with Hamas. Brent crude futures dropped 0.9% to $90.84 a barrel, while U.S. West Texas Intermediate crude fell 0.6% […]
Weekly Market Analysis
By Samir Al Khoury, The most important events of the past week United States of America The Manufacturing Purchasing Managers’ Index declined, recording a growth of 51.9 points, which is lower than expectations (52.5) and the previous reading (52.2). The construction spending index declined on a monthly basis, recording a contraction of 0.3%, which is […]
Unraveling the Causes Behind Recent US Stock Declines
By Samir Al Khoury, The major US stock indices, the Standard & Poor’s 500, the Dow Jones, the Nasdaq 100, and the Russell 2000, closed with losses yesterday. On the other hand, the VIX Fear and Volatility Index, which expresses investors’ expectations regarding price movement in the stock market, rose to 16.92 points yesterday, which […]
Inflationary Challenges Weigh on the Turkish Lira’s Struggle
By Samir Al Khoury Despite the Turkish Central Bank’s persistent efforts to curb inflation through successive interest rate hikes, the latest being a surprising 500 basis point increase during its March 21, 2024, meeting, elevating the interest rate from 45% to 50%, the annual Consumer Price Index (CPI) remains alarmingly high. As of yesterday, the […]
Dollar’s Record Highs and the Impact on the Japanese YenÂ
By Samir Al Khoury The price of the dollar against the Japanese yen reached 151.97 last week, marking its highest level since 1990. It’s worth mentioning that in 2022 and 2023, the maximum limit for the dollar against the yen was recorded at 151.91 and 151.95, respectively. The persistent resistance level of 152 yen per […]
Chinese Stock Market Resilience Amidst Global Challenges
By Samir Al Khoury It seems that the positive momentum for Chinese stocks will prevail in the next stage, as many factors may support these stocks, including: ·       Most of the Chinese economic data exceeded analysts’ expectations, such as the manufacturing purchasing managers’ index, which according to the official body registered a growth of 50.8 points, […]
The most important events of the past week
United States of America The building permits index rose, recording 1.524M, which exceeded expectations (1.518M) and the previous reading (1.489M). The new home sales index declined, recording 662K, which is lower than expectations (675K) and the previous reading (664K). The corde durable goods orders index rose on a monthly basis, recording a growth of 0.5%, […]
Japan Fights Back Against Weak Yen, But Will It Last?
By Camilo Botia, The Japanese Yen experienced a brief surge on Wednesday after government officials warned currency traders that they would be forced to take action to halt the Yen’s decline. Earlier in the day, the Yen had plunged to a 34-year low against the dollar, sparking concerns about potential intervention from Japanese authorities. […]
Gold Eyes Higher Ground as Rate Cut Bets Firm
By Camilo Botia. Gold prices edged higher on Tuesday, buoyed by expectations of the Federal Reserve’s interest rate cuts. Investors are closely watching inflation data due later this week for clues on the timing of these potential cuts. The price of Gold rose slightly to $2,178.67 per ounce after earlier gains of up to 1.3%. […]
