U.S. Stock Indices Regain Momentum and Post Strong Gains
Since the beginning of this week and through yesterday, U.S. economic indicators have been disappointing. This includes the labor market, with declines in both job openings and the ADP private sector employment report, as well as economic growth, where GDP contracted by 0.3% in Q1 2025. This figure is below both expectations (0.2%) and the […]
Oil Falls 16% Year-to-Date Amid Economic and Trade Concerns
Oil prices dropped to $62.40 today, marking their lowest level since April 10, 2025, and are currently trading near $62.50. Prices have declined by around 16% since the beginning of the year, amid ongoing uncertainty in the oil market, which is being driven by several conflicting factors. Notably, crude oil prices reached as low as […]
Continued Upward Momentum for the DAX Amid Economic Challenges
The German DAX index continues its upward trend for the fourth consecutive session, recording 22,443 points yesterday — its highest level since April 2, 2025. The index has risen by approximately 21% since its low on April 7, 2025, when it reached 18,490 points, up to the peak recorded yesterday at 22,443 points. It has […]
Brief Overview of Key Economic Events from Last Week
Last week saw the release of several important economic indicators. U.S. initial jobless claims rose to 222,000, while crude oil inventories increased slightly by 0.244 million barrels. Durable goods orders came in strong, growing by 9.2%. New home sales improved to 724,000 units, and the Manufacturing PMI rose to 50.7 points. Meanwhile, the Services PMI […]
Australian Dollar Continues to Recover Amid Economic Pressures
The Reserve Bank of Australia (RBA) held interest rates steady at 4.10% during its meeting on April 1, 2025, for the second consecutive time. Recent Australian economic data indicate a weakening performance, as shown by the following: Retail sales declined by 0.2% month-over-month in February, falling short of expectations and the previous reading of 0.3%. […]
Bitcoin Hits Highest Level Since March Amid Resurgence in Bullish Momentum
Bitcoin prices surged to $94,700 yesterday, marking their highest level since March 2, 2025. The cryptocurrency has risen by approximately 27% from its April 7 low of $74,434 to the peak recorded yesterday. However, despite this recovery, Bitcoin remains down about 1% year-to-date. Notably, the strong correlation between Bitcoin and the tech-heavy Nasdaq 100 index […]
Comprehensive Analysis: Gold Continues to Rise Supported by Fundamental and Technical Factors
Gold prices continue to reach new record highs, climbing to $3,500 yesterday. The yellow metal has surged approximately 18% from its low of $2,957 on April 7 to its recent peak. Since the beginning of the year, gold has risen by nearly 28%, outperforming high-risk assets such as Bitcoin, global equities, U.S. Treasury bonds, and […]
Overview of Key Economic Events from Last Week
Last week witnessed several significant economic events globally. In the United States, data showed mixed performance: retail sales rose at the fastest pace since January 2023, while industrial production and the Philadelphia Manufacturing Index declined notably. However, the labor market showed signs of improvement. In the Eurozone, the European Central Bank cut interest rates by […]
Surprise Interest Rate Hike by the Central Bank of Turkey Amid Political Turmoil and Continued Lira Weakness
The Central Bank of Turkey unexpectedly raised interest rates by 350 basis points yesterday, increasing the policy rate from 42.50% to 46.00%. The USD/TRY exchange rate hit 38.1529 on Friday, its highest level since March 19, 2025, when it reached around 41.00, following political turmoil in Turkey and the imprisonment of Istanbul Mayor Ekrem Ä°mamoÄŸlu […]
USD/CNY Outlook Amid Improving Chinese Economic Indicators
The U.S. dollar rose against the Chinese yuan last week, reaching 7.4290 — its highest level since November 2007, nearly 18 years ago. It is currently trading around the 7.3100 level. Recently, China has seen a recovery in several key economic indicators: • GDP grew by 5.4% year-over-year in Q1, exceeding expectations of 5.2%. • […]
