Mixed Signals for Oil: Prices Rebound on Weak Dollar Despite Demand Concerns
By Camilo Botia Oil prices bounced back on Thursday, buoyed by a weaker dollar after disappointing U.S. retail sales data sparked hopes of Federal Reserve interest rate cuts. However, gains were capped by concerns about slowing global oil demand and rising supply. Brent crude futures closed up 1.5% at $82.87 per barrel, while […]
Understanding the Rising Momentum of Bitcoin and Ethereum
By Samir Al Khoury How have Bitcoin and Ethereum performed since the beginning of this year until today? It appears that both Bitcoin and Ethereum have been on an upward trajectory since the beginning of this year until today, with their prices reaching $52,545 and $2,822 respectively. This marks the highest level for Bitcoin since […]
Gold Slumps Below $2,000 on Hawkish Inflation Data, Dampening Rate Cut Hopes
By Camilo Botia Gold prices plunged below the critical $2,000 per ounce mark, hitting a two-month low on Tuesday, as a hotter-than-expected U.S. inflation report dashed hopes of an early interest rate cut from the Federal Reserve. The key data point showed U.S. consumer prices rising more than anticipated in January, driven by […]
Russell 2000 Soars Amid Economic Optimism and Challenges Ahead
By Samir Al Khoury The Russell 2000 index, an index of small and medium-sized stocks in the United States, continued its ascent for the third consecutive day, reaching 2,055 points yesterday, marking its highest level since December 29, 2023. However, what is particularly noteworthy is the ongoing surge of the three major American […]
Weekly Market Analysis
By Samir Al Khoury The most important events of the past week United States of America · The initial jobless claims index declined, recording 218K, which is lower than expectations (221K) and the previous reading (227K). · US crude oil inventories rose by 5.52 million barrels, which exceeded expectations (1.70M) and the previous reading […]
S&P 500 Briefly Crosses 5,000 Amid Mixed Earnings and Rate Uncertainty
By Camilo Botia On Thursday, the S&P 500 index reached the 5,000 level for the first time in history but failed to close above it as investors weighed earnings results and the outlook for interest rates. The benchmark index closed the day at 4,995.42 after hitting an intraday record of 5,001.19 in the final minutes […]
Disney Beats Earnings Expectations, Boosts Dividend and Buys Epic Games Stake
By Camilo Botia Disney delivered a strong earnings report for its fiscal first quarter, beating Wall Street estimates and raising its dividend by 50%. The company also announced a $1.5 billion investment in Epic Games, the maker of Fortnite, as part of a strategic partnership. The entertainment giant reported earnings of $1.22 per share, […]
Turkish Lira Hits Record Low Against the Dollar Amid Central Bank Turmoil
By Samir Al Khoury The Turkish lira continues to depreciate against the US dollar, with the exchange rate reaching a historical record level of 30.6010 lira per dollar today. Surprisingly, Turkish Central Bank Governor Hafiza Ghaya Arkan resigned after just eight months in office, citing a slanderous media campaign against her and her family. […]
Understanding the Surge in US Bond Yields Amid Economic Uncertainty
By Samir Al Khoury US bond markets are experiencing significant fluctuations amid economic uncertainty and ambiguity surrounding monetary and fiscal policies in the United States of America. US Treasury bond yields surged noticeably across different terms in two consecutive sessions (yesterday and Friday). The two-year bond yield reached 4.48% yesterday, marking its highest level […]
Weekly Market Analysis
By Samir Al Khoury The most important events of the past week United States of America · In its meeting last Wednesday, the Federal Open Market Committee decided to maintain interest rates at 5.25% and 5.50% for the fourth consecutive time, aligning with the expectations of most analysts. However, of greater significance was the address […]
