The US Dollar Continues to Rise Against the Canadian Dollar: Current Situation Analysis
Yesterday, the Bank of Canada lowered interest rates by 50 basis points, from 5.25% to 4.75%, aligning with market expectations. This reduction is the fourth in a row this year, following three decreases of 25 basis points each. The exchange rate of the US dollar against the Canadian dollar continues its upward trend, registering yesterday […]
Factors Contributing to the Weakness of the Japanese Yen Against the US Dollar
The USD/JPY pair continues its upward trend, reaching 151.99 today, the highest level since July 31, 2024. It is currently hovering around the 152.00 mark. The pair has increased by 9% since hitting a low of 139.57 on September 16, 2024, reaching today’s peak. It is up approximately 8% since the beginning of the year. […]
Financial Market Expectations Amid the 2024 U.S. Presidential Election
The battle is intensifying between the candidates for the presidential election in the United States, which will be held on Tuesday, November 5 of this year. The candidates are the Republican nominee, former President Donald Trump, and the Democratic nominee, current Vice President Kamala Harris. There appears to be a significant closeness between the two […]
Brief Overview of Key Economic Events from the Past Week
Last week saw several key economic indicators across major economies. In the U.S., crude oil inventories dropped by 2.191 million barrels, retail sales grew by 0.4%, and jobless claims decreased to 241,000. However, industrial production shrank by 0.3%, and building permits fell to 1.428 million. The Eurozone saw a 25-basis point rate cut by the […]
Navigating Market Volatility: The Impact of U.S. Presidential Elections on USD Crosses, Gold, and Stock Indices
USD Crosses U.S. presidential elections are pivotal events for financial markets. Political uncertainty and expectations of shifts in fiscal and monetary policy can cause significant fluctuations in the value of the U.S. dollar (USD) relative to other currencies. As Election Day draws near, traders and analysts often adjust their positions in anticipation of the outcome, […]
The Decline of the British Pound: An Analysis of Causes and Market Indicators
The UK’s headline Consumer Price Index (CPI) fell to 1.7% year-on-year as of yesterday, which is lower than the forecasted 1.9% and the previous reading of 2.2%. It is also below the Bank of England’s target rate of 2% for the first time in 3.5 years, supporting the Bank of England’s case for further interest […]
Future Predictions for Gold Prices: Will the Uptrend Continue?
The price of gold reached $2,685 on September 26 this year, which is its all-time high. It then dropped to $2,603 on October 10, 2024. It has been trading for the past three weeks and until today in a horizontal range between $2,670 and $2,600 without a clear directional trend, whether upward or downward. Factors […]
Challenges of the Chinese Economy: Between Government Stimulus and Negative Economic Data
Despite all the new government stimulus recently announced to support the Chinese economy, where the government pledged a significant increase in debt on Saturday, it has left investors puzzled about the overall size of the stimulus package. Recent economic data shows that the Chinese economy is struggling. Specifically: The main consumer price index fell year-on-year […]
Brief Overview of Key Economic Events from the Past Week
Last week saw significant economic developments across major regions. In the U.S., some Fed officials favored a smaller rate cut, with inflation metrics like CPI (2.4%) and PPI (1.8%) coming in slightly above expectations, while consumer sentiment dipped and jobless claims rose. The Eurozone reported modest retail sales growth (0.2%), and the UK saw GDP […]
The Downward Trend of the New Zealand Dollar: Causes and Effects
The Reserve Bank of New Zealand lowered interest rates yesterday by 50 basis points, from 5.25% to 4.75%, aligning with market expectations. This reduction marks the second consecutive cut this year, following an initial decrease of 25 basis points. The downward trend of the New Zealand dollar against the US dollar seems to be prevailing […]
