Brief Overview of Major Economic Events from Last Week
Last week brought a slew of important global economic releases. In the United States, Purchasing Managers’ Indices (PMIs) in both the manufacturing and services sectors declined, and consumer confidence and inflation expectations (via Michigan survey data) also softened. On the upside, new home sales, durable goods orders, and GDP came in stronger than expected, and […]
Platinum Rises 70% Year-to-Date, Outperforming Gold, Silver, and Bitcoin
Platinum prices continue their upward trend, reaching $1,548 today—the highest level since 2008—and currently trading above $1,500. Platinum has increased by approximately 70% since the beginning of the year until today, outperforming most other assets such as Bitcoin, global stock indices, gold (which rose by 43%), and silver (which increased by about 55%). Forecasts indicate […]
Takaichi’s Statements and Powell’s Speech Push the USD/JPY Pair Higher
The USD/JPY pair rose yesterday, reaching a level of 148.92, its highest since September 3, 2025, and is currently trading near the 149.00 mark. The pair has gained 2% since the low recorded on September 17, 2025, at 145.48, up to yesterday’s peak of 148.92. However, it remains down about 5% year-to-date. Factors Pressuring the […]
Brief Overview of Major Economic Events from Last Week
Last week in the United States witnessed several important economic developments. On September 17, the Federal Open Market Committee decided to cut interest rates by 25 basis points, bringing the range to 4.00%–4.25%, in line with market expectations. A key highlight from the “dot plot” forecast was the indication of a possible additional 50 basis […]
The Recent Drop in NZD/USD: A Technical and Fundamental Overview
The NZD/USD pair declined yesterday, recording 0.5863 today, its lowest level in two weeks, after falling by about 2% from the recent high of 0.6008 reached on September 17, 2025, down to the low recorded today. However, the pair remains up approximately 5% since the beginning of the year. Recent economic data from New Zealand […]
How Did Financial Markets React to the Fed’s Decision Yesterday?
The Federal Open Market Committee (FOMC) decided in its meeting yesterday to cut interest rates by 25 basis points, as markets had anticipated, bringing the target range to 4.00%–4.25%. More importantly, the “dot plot” projections pointed to an additional 50 basis points in rate cuts expected later this year. Federal Reserve Chair Jerome Powell, in […]
Sideways Movement in Oil Prices Since Early August Amid a Balance of Pressures and Support
Crude oil prices have been trading within a sideways range between $65 and $70 per barrel since the beginning of August, currently hovering around the $68 level. This horizontal trend is expected to persist in the near term, especially amid the prevailing uncertainty in the oil market, which is influenced by several conflicting factors that […]
Weakness in Macroeconomic Indicators Amid Yuan and Chinese Stock Market Strength
Chinese economic data has shown significant slowdown recently, prompting the need for additional stimulus measures to support growth, production, and consumption by Chinese authorities. Key developments include: Industrial production grew by 5.2% year-on-year in August, falling short of expectations and the previous reading of 5.7%. Unemployment rate rose to 5.3%, higher than both expectations and […]
Record Highs for U.S. Stock Indices Amid Expectations of Interest Rate Cuts
We are witnessing positive momentum in U.S. stock indices, specifically the S&P 500, Nasdaq 100, and Dow Jones, as they continue to reach record levels. For example, the S&P 500 rose to 6,593 points yesterday, the Nasdaq 100 reached 24,017 points, and the Dow Jones hit 46,136 points, increasing approximately 12%, 14%, and 8%, respectively, […]
Australian Dollar Hits Highest Level Since November 2024, Supported by Strong Economic Data and Weak U.S. Dollar
The Australian dollar (AUD) hit 0.6636 against the U.S. dollar (USD) yesterday, marking its highest level since November 8, 2024. The AUD/USD pair has surged by approximately 12% since the April 9, 2025 low of 0.5913, up to the recent high. It has also gained around 7% year-to-date and is currently trading near the 0.6600 […]