The US Dollar Continues to Rise Against the Swiss Franc: Swiss Economic Challenges vs. US Strength
The US dollar against the Swiss franc continues its upward trend, reaching 0.9154 yesterday and currently hovering around 0.9100 levels. Recent Swiss economic data shows that the Swiss economy is indeed facing weakness, as: • The Purchasing Managers’ Index (PMI) for January decreased, showing a contraction of 47.5 points, which is lower than expectations (49.0) […]
European Stocks Hit Record Highs: Performance Analysis and Key Drivers
European stock indices have surged to record highs, posting significant gains since the beginning of the year. The CAC40 index in France has risen by 8%, the DAX in Germany by 10%, the FTSE100 in the UK by 7%, and the STOXX600 by 8%. The positive momentum for these indices appears to be continuing in […]
Overview of Last Week’s Key Economic Events
Last week saw mixed global economic performance. The U.S. economy presented varied data, with rising jobless claims and increasing oil inventories, counterbalanced by improvements in both manufacturing and services PMI indices. However, job reports and consumer confidence declined. The unemployment rate dropped to 4.0%, while average hourly earnings grew by 4.1% year-over-year. In the Eurozone, […]
Continuation of Silver’s Upward Trend: Causes and Future Expectations
Silver continues its upward trend, reaching $32.55 two days ago, its highest level since November 6, 2024, and is currently trading near $32. The biggest challenge lies in reaching and breaking through the $34.87 level, which was the highest recorded last year, specifically on October 22, 2024. Notably, silver has gained approximately 11% since the […]
The Recent Decline in the U.S. Dollar Against the Japanese Yen: A Look at the Latest Levels and Forecasts
The U.S. dollar recorded an exchange rate of 151.80 against the Japanese yen today, marking its lowest level since December 12, 2024. Currently, it is trading near 152.00, with negative momentum prevailing in the near term due to several fundamental and technical factors. Fundamental Factors: Increase in the Consumer Price Index (CPI): The headline CPI […]
Diverging Monetary Policies and Yield Gaps: Factors Pressuring the Euro Against the Dollar
The euro recorded a price of 1.0210 against the US dollar on Monday, its lowest level since January 13, 2025, when it reached 1.0178. It is currently trading near 1.0300 levels. The negative momentum of the EUR/USD pair appears to dominate the upcoming phase, driven by several fundamental and technical factors. Fundamental Factors: The European […]
U.S. Tariffs Add Pressure on the Chinese Yuan
The U.S. dollar to Chinese yuan (USD/CNY) exchange rate reached 7.3662 yesterday, marking its highest level since December 31, 2024. The pair is currently trading near 7.3300 and has risen approximately 6% since its low on September 27, 2024, when it hit 6.9691, before reaching yesterday’s peak of 7.3662. Chinese Economic Weakness Persists Despite Government […]
Key Economic Events from Last Week
Last week witnessed several significant economic data releases globally: United States: The Federal Reserve kept interest rates unchanged at 4.25%-4.50%, while data showed a slowdown in consumer confidence and a decline in durable goods orders. However, new home sales unexpectedly increased. GDP growth slowed to 2.3%, but consumer spending reached its highest level since 2021. […]
Fundamental and Technical Analysis of the S&P 500: Will the Bullish Momentum Continue?
On Wednesday, January 29, 2025, the U.S. Federal Reserve decided to keep interest rates unchanged at 4.25%-4.50%, in line with expectations. However, the key highlight was Fed Chair Jerome Powell’s statement, where he emphasized that there is no need to rush interest rate cuts. He stressed the importance of seeing further progress in controlling inflation […]
Trump’s Tariff Threat and Weak Canadian Data Boost USD/CAD
Yesterday, the Bank of Canada lowered interest rates by 25 basis points, from 3.25% to 3.00%, in line with market expectations. This marks the sixth consecutive rate cut. The USD/CAD exchange rate continues its upward trend, reaching 1.4516 on January 21, 2025, the highest level since March 24, 2020. It is currently hovering near the […]
