Market Overview – Last Week’s Key Economic Developments
Last week saw the release of several important global economic data points. In the United States, oil inventories declined more than expected, and the trade deficit improved. However, factory orders contracted, the ISM Non-Manufacturing Index declined, and jobless claims rose. On the other hand, the Services PMI showed strong growth. In the Eurozone, the services […]
Bank of England Cuts Interest Rates Amid Policy Division and Stubborn Inflation
The Bank of England decided yesterday to cut interest rates by 25 basis points, as widely expected, bringing the rate down to 4.00%. What stood out, however, was that four out of the nine Monetary Policy Committee (MPC) members voted to keep rates unchanged—significantly higher than the one member markets had anticipated. Conversely, five members […]
Singapore’s Economic Performance Boosts the Appeal of the Singapore Dollar
The USD/SGD exchange rate recorded a level of 1.2843 yesterday, its lowest since July 28, 2025, and is currently trading near this level. The pair has declined by about 6% since the beginning of the year to date. Recent economic data from Singapore show that the Singapore Dollar has demonstrated resilience, as: The Non-Oil Export […]
Sideways Movement for the Chinese Yuan Amid Mixed Economic Data
The USD/CNH pair has been trading in a horizontal sideways range between 7.1500 and 7.2300 over the past three months, struggling to find a clear direction—whether upward or downward. The pair has declined by around 2% year-to-date. As for the Hang Seng Index, it has surged by approximately 24% since the beginning of the year, […]
Oil Prices Decline Amid Trade Pressures and Weak Economic Outlook
After crude oil prices reached $72.80 last week — their highest level since June 23, 2025 — a notable decline followed, with prices falling to $68.00 yesterday, marking a 7% drop. Since the beginning of the year, oil prices have decreased by approximately 8%. The main negative factors currently weighing on oil prices include: Persistent […]
Market Overview – Last Week’s Key Economic Events
The U.S. economy experienced a data-heavy week, marked by mixed signals. The Federal Reserve held interest rates steady at the 4.25%–4.50% range, as widely expected. Meanwhile, GDP growth for Q2 came in stronger than anticipated at 3.0%. Consumer confidence also improved, rising to 97.2, while ADP reported a gain of 104K private-sector jobs. However, official […]
Strong bullish momentum in Nasdaq 100 and S&P 500 supported by corporate earnings and trade agreements
U.S. equity indices, particularly the S&P 500 and Nasdaq 100, are showing strong bullish momentum, continuing to hit record highs. For example, the S&P 500 has risen approximately 33% from its April 7 low of 4,835 points to a new peak of 6,427 points as of yesterday, confirming its entry into a bull market. Similarly, […]
Strong Bullish Momentum in USD/CAD Despite BoC Rate Hold
The Bank of Canada (BoC) held interest rates steady at 2.75% yesterday, in line with market expectations. This marks the fourth consecutive hold by the central bank. Meanwhile, the U.S. dollar continues to strengthen against the Canadian dollar. USD/CAD reached 1.3845 on Tuesday — its highest level since May 29, 2025 — and is currently […]
Euro Declines Against the Dollar Amid Negative Momentum and Mixed Pressures
The EUR/USD pair dropped to 1.1519 yesterday, marking its lowest level since June 23, 2025, and is currently trading near the 1.1550 level. Bearish momentum appears to dominate the pair’s outlook in the near term due to a combination of fundamental and technical factors. Fundamental Factors Easing trade tensions: This follows the signing of a […]
Mexican Peso Continues to Strengthen Against the U.S. Dollar, Supported by Economic Data and Interest Rate Differential
The U.S. dollar continues its downward trend against the Mexican peso, recording 18.4584 yesterday — its lowest level since August 1, 2024. The pair has dropped by about 12% since reaching its peak on April 9, 2025, at 21.0785, down to the recent low of 18.4584. It has also declined nearly 10% year-to-date and is […]