Brief Overview of Key Economic Events from the Past Week
Last week saw significant economic developments worldwide. In the United States, initial jobless claims rose to 223,000, while existing home sales improved to 4.24 million. The University of Michigan Consumer Sentiment Index dropped to 71.1 points. The manufacturing PMI grew to 50.1 points, its highest level since June 2024, while the services PMI declined to […]
Future Outlook for Gold Prices: Technical Analysis and Economic Shifts Supporting the Bullish Trend of the Yellow Metal
Gold prices reached $2,763 yesterday, marking the highest level since October 31, 2024, when it reached $2,790, its all-time high. It is currently trading near the $2,760 level. Gold has risen by about 9% since the low of November 14, 2024, when it was at $2,537, reaching the peak of $2,763 yesterday. It has also […]
Global Market Performance Expectations During Trump’s Policies
It is clear that the inauguration speech of the newly elected U.S. President, Donald Trump, on Monday, January 20, 2024, was fiery and resolute, as he outlined a series of executive orders that he pledged to implement. Some of these include: On Tariffs: Trump announced imposing tariffs on foreign goods, including a 25% tariff on […]
Positive Momentum of the FTSE 100 Index: Technical Analysis and Economic Factors
The FTSE 100 Index continues its upward trend for the fourth consecutive day, reaching a new record high of 8,549 points yesterday. It is currently trading near the 8,500-point level, and the positive momentum for this index appears to persist in the upcoming period, having risen by approximately 5% since the beginning of the year. […]
Overview of Last Week’s Key Economic Events
Last week saw a series of important global economic developments. In the United States, jobless claims rose to 217,000, while oil inventories decreased by approximately 1.962 million barrels. Inflation indicators showed mixed movements, with the headline Consumer Price Index (CPI) rising 2.9% year-on-year, while the core CPI fell to 3.2%. In the Eurozone, headline inflation […]
The Japanese yen strengthens against the dollar: factors and technical supports ahead
The USD/JPY pair continues its downward trend, recording 155.20 yesterday, its lowest level since December 19, 2024. It is currently stabilizing near the 155.50 level. The pair has dropped by 2% since the peak on January 10, 2025, when it reached 158.87, down to the low achieved yesterday. As for the factors supporting the Japanese […]
Significant Price Volatility of Bitcoin at the Beginning of 2025
Bitcoin has experienced high volatility since reaching a record level of around $108,300 on December 17, 2024, until today. The price of Bitcoin dropped to around $89,000 on Monday, January 13, 2025, but was unable to continue its decline and has since rebounded to approximately $100,000. It is worth noting that the strong correlation between […]
Crude Oil prices rise by approximately 9% since the beginning of 2025 to the highest level since August 2024
Crude oil prices have risen by approximately 9% since the beginning of the year, reaching a peak of $81.64 two days ago, on Monday, January 13, 2025. This is the highest level in 5 months, specifically since August 13, 2024. Currently, oil prices hover near $80.50, amid the prevailing uncertainty in the oil market, which […]
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 […]
