The USD/SEK Pair Reaches Its Highest Level Since October 2022
The USD/SEK pair continues its upward trend, reaching 11.3101 yesterday, the highest level since October 21, 2022. The USD/SEK pair has risen by approximately 13% since the low of September 30, 2024, when it recorded 10.0227, to the peak it reached yesterday at 11.3101. Recent Swedish economic data shows that the Swedish economy is experiencing […]
Overview of Last Week’s Key Economic Events
Last week saw several notable economic events globally. In the United States, jobless claims dropped to 201,000, while the non-farm payrolls report showed an addition of 256,000 jobs, strengthening the U.S. economy. Job openings rose to 8.098 million, while the private sector non-farm payrolls showed a decline. In the Eurozone, the Services PMI rose to […]
U.S. Stock Indices: Strong Performance Amid Rising Risks and Challenges
All major U.S. stock indices rose last year, with the S&P 500 increasing by approximately 24% for the second consecutive year, the NASDAQ 100 up by about 26%, the Dow Jones by 13%, and the Russell 2000 for small and mid-cap stocks by around 10%. Performance of U.S. Stock Indices in Recent Days: U.S. stock […]
GBP/USD: A Downward Trend Under Economic and Technical Pressures
The GBP/USD exchange rate continues its downward trend, recording 1.2320 yesterday, the lowest level since April 22, 2024. It is currently trading near 1.2350. This pair has declined by about 8% since its peak on September 26, 2024, when it reached 1.3434, down to the low of 1.2320 recorded yesterday. Recent UK economic data reveals […]
The Strength of Gold and the Dollar: Common Factors and Different Influences
It seems that the correlation between gold and the U.S. dollar has become positive, contrary to what we are used to, as we have always witnessed an inverse relationship between the two. This was evident last year, where both assets showed significant strength, with gold rising by 27%, while the dollar index increased by around […]
Chinese Economic Challenges and Exchange Rates: US Dollar vs. Chinese Yuan
The US dollar against the Chinese yuan closed at 7.3691 at the end of last year, marking its highest level since October 25, 2022, and is currently trading near the 7.3500 levels. The pair of US dollar and Chinese yuan has increased by about 6% since the low of September 27, 2024, when it recorded […]
Brief Overview of Key Economic Events from the Past Week
Last week saw significant global economic developments. In the United States, the unemployment claims index dropped to 211,000, indicating stability in the labor market, while U.S. oil inventories fell more than expected. Pending home sales increased by 2.2%, surpassing expectations, while the manufacturing PMI contracted slightly despite exceeding forecasts. In the Eurozone, the UK, and […]
Will the US Dollar be able to maintain its dominance in the coming period?
It seems that the US dollar will continue to dominate in the coming period over most foreign currencies, for several reasons, including the following: First, the flexibility of the US economy and the outperformance of most economic data against market expectations, unlike the data from most advanced economies such as the Eurozone, the UK, and […]
The Dollar hits a record high Against the Turkish Lira as the Central Bank of Turkey meets today to decide on interest rates
The price of the dollar against the Turkish lira reached 35.3235 two days ago, marking its highest level ever. The price is currently hovering around 35.0500 lira per dollar. The dollar has risen approximately 19% against the Turkish lira since the beginning of the year. Recent Turkish economic data shows that the Turkish economy is […]
Brief Overview of Key Economic Events from the Past Week
The economic events from last week showed mixed results across different countries. In the United States, the Manufacturing PMI fell to 48.3, lower than the expectations (49.4) and previous reading (49.7), indicating a contraction in the industrial sector. In contrast, the Services PMI rose to 58.5, exceeding expectations (55.7) and marking the highest level since […]
