Decline in Korean Economic Indicators and Analysis of Its Impact on the KOSPI Index
Recent economic data from Korea indicate that the Korean economy is experiencing weakness, as follows: The industrial production index declined on a monthly basis, recording a contraction of 3.6%, which is lower than the expectations (-0.4%) and the previous reading (0.7%), marking its lowest level since May 2020. The retail sales index decreased on a […]
U.S. Dollar Weakens Against Russian Ruble Amid Economic Resilience in Russia
The U.S. dollar continues its downward trend against the Russian ruble for the fourth consecutive day, having reached 86.62 two days ago. It is currently trading near the 87.50 level. The pair remains down by about 2% year-to-date. Despite the ongoing Western sanctions on Russia since the outbreak of the Russian-Ukrainian war, recent Russian economic […]
The Rise in the Volatility Index (VIX) Indicates Investor Anxiety Amid Economic Uncertainty in the United States
The VIX, often referred to as the “fear and volatility index,” which reflects investors’ expectations regarding price movements in the stock market, rose to 21.99 points yesterday, its highest level since August 9, 2024. This increase indicates that investors are unsettled and uneasy in U.S. stock markets. The VIX has risen by about 66% since […]
Indonesian Stocks Bullish Momentum: Analysis and Forecast
Indonesia’s IDX Composite Index continues its upward trajectory, reaching a record high of 7,726 points today. The index has climbed approximately 15% since hitting a low of 6,698 points on 19 June this year, achieving its peak of 7,726 points yesterday. It has also seen a year-to-date increase of around 6%. Recent economic data from […]
The Most Important Events of the Past Week
United States of America The Consumer Confidence Index rose to 103.3, surpassing expectations of 100.9 and the previous reading of 101.9. The Core Durable Goods Orders Index decreased by 0.2% month-over-month, below expectations of 0.0% and the previous reading of 0.1%. Meanwhile, the overall Durable Goods Orders Index grew by 9.9% month-over-month, exceeding expectations of […]
Positive UK Indicators and Fed Signals Propel GBP/USD Higher
By Samir Al Khoury, The GBP/USD pair rose to 1.3266 two days ago, marking its highest level since 23 March 2022. The pair is currently trading around 1.3200, having risen by approximately 3.50% since the start of the year. The headline CPI came in at 2.2% year-on-year, slightly below expectations (2.3%) but above the previous […]
Russell 2000 Climbs as Interest Rate Expectations and Economic Data Fuel Optimism
By Samir Al Khoury, The Russell 2000, the US small- and mid-cap index, reached 2,244 points yesterday, marking its highest level since 1 August 2024. It is currently hovering around 2,220 points. The Russell 2000 is influenced by economic conditions in the US, where most of the constituent companies are based. Additionally, these companies are […]
The Most Important Events of the Past Week
By Samir Al Khoury, United States of America Federal Reserve Minutes from the July Meeting: Fed officials identified several factors supporting a rate cut since July. Most officials expressed a readiness to begin easing at the September meeting if the data continues to meet expectations. The risks to achieving inflation and employment targets are now […]
EGX30 Reaches New Heights: Navigating a Bullish Market
By Samir Al Khoury, The Egyptian main index, EGX30, rose to 30,174 points yesterday, marking its highest level since March 18, 2024, before closing at 30,141 points. The index has also increased by about 25% since hitting its lowest point on May 1, 2024, when it recorded 24,192 points up until yesterday’s close. Based on […]
Turkish Lira Faces Strong Downward Pressure as USD/TRY Hits Record High
By Samir Al Khoury, Yesterday, the Central Bank of Turkey kept interest rates unchanged at 50% for the fifth consecutive month, aligning with analysts’ expectations. Despite a decline in the consumer price index (CPI) on an annual basis in July—falling to 61.78%, below expectations of 62.10% and the previous reading of 71.60%—the index remains significantly […]
