Dollar-Yen Rally Reaches New Heights Amid Market Dynamics
By Samir Al Khoury, The price of the US dollar against the Japanese yen recorded 159.12 today, marking its highest level since April 29, 2024. This currency pair continues its upward trend for the seventh consecutive day, up by about 13% year-to-date. The next significant challenge is reaching the 160.20 level, last recorded on April […]
KOSPI Index Hits 17-Month High Amid Economic Resilience and Technical Momentum
By Samir Al Khoury, The Korean KOSPI index recorded 2,812 points yesterday, its highest level since January 24, 2022. This index has risen approximately 23% from the low it recorded on October 31 of last year (2,273 points) until the close in yesterday’s session (2,807). It has also increased by 6% since the beginning of […]
Record-Breaking S&P 500 Driven by Tech Surge and Economic Signals
By Samir Al Khoury, The S&P 500 index recorded 5,490 points yesterday, marking its highest level ever. This index has risen by 16% since the beginning of this year until yesterday’s close. It continues to set records, with yesterday being its thirtieth record close this year. The rise was led by Nvidia shares, which became […]
The Continued Appeal of Money Market Funds Amidst High Interest Rates
By Samir Al Khoury, Investing in money market funds, which consist of short-term debt instruments with maturities of one year or less, such as treasury bills, certificates of deposit, commercial papers, and bank acceptances, remains highly attractive to investors. This preference is driven by the perennial investor quest for low-risk, high-return investments, akin to bonds. […]
Market Reactions to Fed’s Decision: Stocks Surge, Dollar Slips
By Samir Al Khoury, The Federal Open Market Committee (FOMC) decided in its meeting yesterday to maintain interest rates at 5.25% and 5.50%, a move anticipated by most analysts. However, the more significant news was the dot plot expectations, which indicated a rate cut of 25 basis points this year, in contrast to the three […]
USD Climbs for Fourth Day Against Yen Amid Economic Disparities
By Samir Al Khoury, The price of the US dollar against the Japanese yen continues its upward trend for the fourth day in a row, reaching 157.35 today. This marks an increase of about 12% since the beginning of the year. The next significant challenge is the 160.20 level, which was recorded on April 29, […]
EUR/USD Faces Downward Pressure Amid Shifting Economic Policies and Data
By Samir Al Khoury, It seems that the downward path for the EUR/USD is prevailing in the next stage for several reasons, the most prominent of which are: -European Central Bank’s Monetary Policy: The ECB shifted from tight to accommodative, reducing interest rates by 25 basis points for the first time since March 2016, from […]
The most important events of the past week
By Samir Al Khoury, United States of America The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) declined by 48.7 points, which is lower than expectations (49.8) and the previous reading (49.2). The construction spending index declined on a monthly basis, recording a contraction of 0.1%, which is lower than expectations (0.2%) and […]
Political Shifts Propel Indian Markets to New Heights
By Samir Al Khoury, There is no doubt that Indian markets have been affected by the overwhelming political atmosphere in the recent period. We witnessed a record rise in the Nifty 50 index, reaching 23,338 points on Monday, June 3, 2024, following expectations that Indian Prime Minister Narendra Modi would secure a majority of parliamentary […]
High Inflation Persists in Turkey Despite Central Bank’s Interest Rate Stance
By Samir Al Khoury, Although the Turkish Central Bank continued to set interest rates at 50% for the third consecutive time at its meeting on May 23, 2024, the consumer price index (CPI) on an annual basis in Turkey remains very high, recording 75.45% in May. This figure exceeded expectations (74.80%) and the previous reading […]
