Washington sanctions on Russian oil companies ignite a new rally in crude prices
Oil prices have risen by about 7% since the beginning of the week, and by about 10% from the low recorded on October 20 at $60.07 to yesterday’s high of $66.36. However, prices are still down by about 12% since the start of the year. The positive factors currently supporting oil prices include: • Washington’s […]
UK Inflation Report Below Expectations Pressures the Pound and Supports Gilts
The headline Consumer Price Index (CPI) in the UK recorded an annual increase of 3.8% in September, as reported yesterday. This figure came below expectations (4.0%) but was in line with the previous reading. Core CPI, which excludes food and energy, also declined to 3.5%, falling short of both the forecast (3.7%) and the previous […]
Has Gold Entered a Correction Phase or Is This a New Buying Opportunity?
Gold prices fell significantly today to $4,004, marking their lowest level since October 10, 2025. This comes after reaching a record high of $4,382 on Monday — a decline of about 9% from peak to trough. The primary reason behind this sharp drop is profit-taking by investors, which is a natural market reaction, especially following […]
Divergence in Chinese Economic Indicators: Industrial Recovery Amid Weak Consumption
Recent Chinese economic data has shown a clear divergence. Retail sales grew by 3.0% year-on-year in September, which was higher than expectations (2.9%) but lower than the previous reading (3.4%), indicating continued weakness in consumer spending. Additionally, fixed asset investment contracted by 0.5% year-on-year — marking the first decline since 2020. Moreover, the annual decline […]
Overview of Last Week’s Key Economic Events
Last week featured a range of mixed global economic data. In the United States, crude oil inventories rose more than expected, and the Empire State Manufacturing Index showed improvement, while the Philadelphia Fed Index dropped sharply. In the Eurozone, annual inflation data came in at or above expectations, though industrial production declined on a monthly […]
DAX Index Hits Record Highs: Gains Defy Economic Reality
Recent German economic data continues to show signs of weakness in the country’s economy, as evidenced by the following indicators: The German ZEW Current Economic Conditions Index declined sharply in October, registering a contraction of -80.0, worse than both the forecast of -75.0 and the previous reading of -76.4. The ZEW Economic Sentiment Index for […]
Strong Rally in Palladium Prices Supported by Market Fundamentals and Technical Indicators
Palladium prices continue their upward trend, having reached $1,597 today — the highest level since May 11, 2023 — and are currently trading near the $1,600 mark. The metal has surged by nearly 75% year-to-date, outperforming most other assets such as Bitcoin, global stock indices, and gold, which has gained 60%. However, it lags silver […]
Sharp Decline in NZD/USD to Lowest Level Since April 2025
The Reserve Bank of New Zealand (RBNZ) decided last week to cut interest rates by 50 basis points, contrary to expectations of a 25-basis point cut. This brought the official cash rate down to 2.50%. The NZD/USD pair fell today, reaching 0.5695 — its lowest level since April 10, 2025. This marks a drop of […]
Overview of Last Week’s Key Economic Events
Last week featured a range of important global economic developments. The minutes from the U.S. Federal Reserve meeting revealed that the majority of members expect two additional interest rate cuts this year. Meanwhile, U.S. crude oil inventories rose more than expected, and the University of Michigan Consumer Sentiment Index showed mixed results, with a slight […]
Record High in Gold Prices Reflects Global Uncertainty
Gold prices reached a new record level of $4,059 yesterday. Today, they have retreated to around $4,000 and are currently hovering near $4,040. The yellow metal has risen by about 54% since the beginning of the year until now, marking its best annual performance since 1979, outperforming high-risk assets such as Bitcoin and global stock […]
