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%. […]
Stock Market Takes a Breather After Record-Setting Rally
By Camilo Botia. Wall Street kicked off a shortened trading week on a slightly downbeat note. Investors took a pause after a strong rally that pushed major indexes to all-time highs. The Dow Jones Industrial Average dipped 0.41%, closing at 39,320.92. The S&P 500 and Nasdaq Composite also saw modest declines, finishing at 5,218.19 and […]
The most important events of the past week
United States of America Eurozone United Kingdom Switzerland Canada Australia China Japan The most important events of this week This week, financial markets are eagerly awaiting the release of several key economic indicators: Technical Analysis: EUR/USD: If the euro against the dollar breaks the pivot point of 1.0850, it may potentially target and test the […]
DOJ Sues Apple: Apple Stock Slides as DOJ Antitrust Lawsuit Looms Large
By Camilo Botia, The US government is taking a major step against Apple. On Thursday, the Department of Justice (DOJ) sued Apple for abusing its dominant market position and harming consumers through its iPhone ecosystem. The lawsuit alleges that Apple operates a monopoly, driving up prices and limiting consumer choices. The lawsuit could have a […]
Market Shifts Unveiled Post-Fed Announcement
By Samir Al Khoury, How did the financial markets move after the Fed’s decision yesterday? The Federal Open Market Committee decided at its meeting yesterday to maintain interest rates at levels between 5.25% and 5.50%, in line with analysts’ expectations. However, of greater significance were the expectations derived from the Dot Plot, indicating a potential […]
Exploring Russia’s Economic Resilience Amidst Western Sanctions
By Samir Al Khoury, Despite the ongoing Western sanctions on Russia since the outbreak of the Russian-Ukrainian war two years ago, recent economic data from Russia demonstrate the country’s resilience, as: · The CPI rose year-on-year in February, reaching 7.7%, its highest level in a year. · The industrial production index rose on an annual […]
Nvidia Unveils Next-Gen AI Chip, Blackwell, to Power New Era of Computing
By Camilo Botia, Jensen Huang, CEO of Nvidia, announced a new chip architecture designed to solidify the company’s dominance in the AI computing market. The Blackwell processor boasts significant performance improvements over its predecessor, Hopper, excelling in both training and running AI models. This translates to faster development and execution of AI applications and forms […]
Weekly Market Analysis
By Samir Al Khoury, The most important events of the past week United States of America · The headline consumer price index rose year-on-year, recording 3.2%, which exceeded expectations and the previous reading (3.1%). The core consumer price index (which excludes food and energy) recorded on an annual basis 3.8%, which was higher than expectations […]
Fed Likely to Hold Rates Steady as Inflation Concerns Resurface
By Camilo Botia, The Federal Reserve is expected to maintain interest rates at their current two-decade high for a fifth consecutive meeting next week despite signs of a slowdown in consumer spending. Recent data revealed a surprising uptick in inflation and a strong labour market, prompting policymakers to prioritize price stability before considering rate cuts. […]
