Brief Overview of Key Economic Events from the Past Week
Last week witnessed several significant economic events globally. In the United States, economic data showed mixed results. The Manufacturing Purchasing Managers’ Index (PMI) rose to 49.7, indicating contraction but surpassing expectations. On the positive side, the Construction Spending Index grew by 0.4% month-on-month, better than expected. The Job Openings Index reached 7.744 million, signaling strong […]
Optimism and Challenges: Supporting and Pressuring Factors on the U.S. Stock Market
The U.S. stock markets have recently experienced a strong sense of optimism, with the VIX index dropping to 12.89 points two days ago, marking its lowest level since July 19, 2024. It is currently hovering around the 13-point level, indicating stability and investor comfort in the U.S. stock markets. U.S. stock indices closed with a […]
Continued Rise of Cryptocurrencies and the Emergence of Ripple as a Strong Competitor
Cryptocurrency markets are known for their significant volatility, but recently, we’ve witnessed sharp fluctuations, particularly after the announcement of Trump’s victory in the U.S. presidential election on November 5th. This led to a bullish momentum across all cryptocurrencies after Trump pledged strong support for the industry. Notably, we have seen continued liquidity flowing into cryptocurrency […]
Technical Recession and the Decline of Economic Indicators in Turkey: A Comprehensive Overview
Recent Turkish economic data shows that the Turkish economy is experiencing weakness, as: The GDP contracted by 0.2% on a quarterly basis, the same adjusted decline recorded in the second quarter. This is the first time since 2018 that the economy has contracted for two consecutive quarters, indicating that the economy has entered a technical […]
Between Economic Challenges and the Unexpected Rise of German Stocks: A Look at the German Economy and the DAX Index
The latest German economic data still shows that the German economy is experiencing weakness, as: The German Consumer Price Index (CPI) for November showed an annual growth of 2.2%, which is lower than the expected 2.3%, but higher than the previous reading of 2.0%. The German ZEW Indicator of Economic Sentiment for November declined to […]
Brief Overview of Key Economic Events from the Past Week
Last week, the United States saw several important economic indicators. In the Federal Reserve’s November minutes, officials expressed a preference for a cautious approach to future interest rate cuts, noting that the labor market showed no signs of a rapid deterioration. The Core Personal Consumption Expenditures (PCE) Price Index showed a growth of 2.8%, in […]
Performance of the Chinese Economy and the US Dollar/Yuan Exchange Rate considering Recent Data
The US dollar against the Chinese yuan reached 7.2720 three days ago, its highest level in four months, and is currently trading near the 7.2500 level. The exchange rate has risen by about 4% since the low of September 27, 2024, when it was 6.9691, to the peak reached three days ago at 7.2720. It […]
Future Outlook for U.S. Markets: Continued Gains Despite Recent Decline
U.S. stock indices closed lower yesterday, with the S&P 500 dropping by (-0.38%) and Nasdaq 100 by (-0.85%), following a seven-day consecutive rise. Despite this, these indices are still up since the beginning of the year by approximately 26% and 24%, respectively. The Dow Jones also closed with a loss of (-0.31%) yesterday but remains […]
Coffee Price Increases: Fundamental and Technical Factors Behind the Bullish Momentum
The futures contracts for coffee in New York (Arabica) continue their upward trend, reaching $312 two days ago, the highest level since 1997. Currently, they hover near the $310 mark. These contracts have risen by approximately 65% since the beginning of the year to date. The reasons for these price increases are attributed to several […]
Gold Price Analysis: Trends and Influencing Factors
Gold prices have been experiencing fluctuations recently, reaching a record high of $2,790 on October 30 of this year, before falling to $2,536 on November 14, 2024. Currently, gold is trading near $2,600. We can observe that gold prices are moving within two key levels: a support level around $2,500 and a resistance level near […]
