Canadian Dollar Gains Ground Amidst Inflation Moderation and Fed Meeting Impact
The Canadian dollar (CAD) has gained traction against its U.S. counterpart (USD) during the week, supported by a moderation in domestic inflation and investors’ assessment of the latest Federal Reserve meeting minutes. The loonie, as the CAD is informally known, advanced by 0.22% to 1.3694 per dollar at closing on Thursday. Its trading range spanned […]
Analysing Recent Trends in US Treasury Bond Yields and Economic Implications
By Samir Al Khoury After reaching their highest levels since 2007 at 5.25% on October 19, 2023, for the two-year Treasury bond yield, and 5.02% on October 23, 2023, for the ten-year Treasury bond yield, both have seen a decline, currently standing at 4.90% and 4.40%, respectively. However, there are several key considerations: Firstly, an […]
Nasdaq 100 Strives to Reach New Highs Amidst Tech Stock Momentum
By Samir Al Khoury The Nasdaq 100 index reached a recent high of 16,056 points just two days ago, marking its peak since January 5, 2022, only to retract and close at 15,933 points yesterday—hovering below the psychological threshold of 16,000 points. Despite three attempts this year to breach the 16,000-point mark, the index appears […]
Nvidia Shares Surge to Record Highs Ahead of Earnings Report
By Camilo Botia Nvidia’s stock reached an all-time high of $504 on Monday, setting the stage for its fiscal third-quarter earnings report scheduled for Tuesday. Nvidia’s stock has significantly influenced the S&P 500’s gains this year. The stock price has surged 245% in 2023, outperforming any other member of the index due to the […]
Weekly Market Analysis
By Samir Al Khoury The Most Important Events of the Past Week United States of America · The headline consumer price index declined, recording 3.2% on an annual basis, which is lower than expectations (3.3%) and the previous reading (3.7%). The core CPI, excluding food and energy, also declined, recording 4.0% on an annual basis, […]
Ethereum Navigates a Sideways Range Despite BlackRock’s Spot ETF Filing
By Camilo Botia The cryptocurrency landscape continues to generate buzz; this time, the spotlight falls on Ethereum, the second-largest cryptocurrency. On November 15, BlackRock, the world’s largest asset manager, made a notable move by applying with the U.S. Securities and Exchange Commission (SEC) to launch a spot Ethereum exchange-traded fund (ETF). This development has ignited […]
Qatar Stock Index Soars to New Heights Amid Positive Trends and Market Dynamics
By Samir Al Khoury The Qatar Stock Index has sustained its upward trajectory for the third consecutive week, currently reaching levels surpassing 10,200 points, marking its highest since October 4, 2023. This surge, amounting to approximately 10% since its October 29, 2023, low of 9,296 points (the lowest since July 14, 2020), can be attributed […]
Gold Rush: CPI Data and Federal Reserve Speculation Drive Surge
By Camilo Botia The surge in gold prices has been notably influenced by the latest Consumer Price Index (CPI) data in the U.S., triggering an upward movement following a simultaneous downturn in the U.S. dollar. This shift in market dynamics has fueled speculation that the Federal Reserve might be considering pausing its ongoing interest rate […]
China’s Economic Weakness: Indicators, Causes, and Recovery Prospects
By Samir Al Khoury Economic indicators in China, the world’s second-largest economy, reveal signs of weakness in the ongoing recovery. In October, both manufacturing and non-manufacturing purchasing managers’ numbers disappointed, with the manufacturing sector contracting to 49.5 points, falling below the expected 50.2 points. The non-industrial sector showed growth at 50.6 points but below expectations […]
