The Downward Trend of the NZD/USD Pair: Analysis and Forecasts
It seems that the downward trend for the New Zealand Dollar to US Dollar pair will dominate in the upcoming period, as it has fallen by about 10% since its peak on September 30, 2024, at 0.6391, reaching a low of 0.5730 today. This pair is currently trading near the 0.5750 levels. It has also […]
Bitcoin Sets Record Highs: An Analysis of the Causes Behind the Rise and Future Trends
Bitcoin, the largest cryptocurrency in the world by market capitalization currently valued at $2.11 trillion, continues its upward trajectory, hitting a record high of $107,821 yesterday, and is currently trading near $107,000. The price of Bitcoin has risen by approximately 58% since the close of the November 4th session, just before the U.S. elections, when […]
Brief Overview of Key Economic Events from the Past Week
Global markets experienced several significant economic developments last week. In the United States, the jobless claims index rose to 242,000, while the Consumer Price Index (CPI) showed a 2.7% growth, and the Producer Price Index (PPI) increased by 3.0%. In the Eurozone, the European Central Bank decided to cut interest rates by 25 basis points. […]
Gold’s Bullish Trend: Factors and Technical Indicators Supporting Its Rise
The price of gold reached $2,726 today, marking its highest level since November 6, 2024, and it is currently trading near the $2,715 level. Gold has risen by about 7% since the low of November 14, 2024, when it was $2,537, to the peak it reached yesterday at $2,726. It has also risen by about […]
EUR/GBP Pair: Technical and Fundamental Analysis Amidst the Downtrend
The EUR/GBP pair continues its downward trend, having recorded 0.8240 today, marking its lowest level since March 7, 2022. This indicates a decline of around 5% since the beginning of the year to date. It is currently trading near the 0.8250 level. It appears that the negative momentum for this pair is dominant in the […]
Reserve Bank of Australia Holds Interest Rates at 4.35% Amidst Declining Australian Dollar
The Reserve Bank of Australia (RBA) kept interest rates unchanged at 4.35% in its meeting today, marking the eighth consecutive month at this level. The Australian central bank is the only one among major central banks in developed countries, such as the U.S. Federal Reserve, the European Central Bank, the Swiss National Bank, the Bank […]
Brief Overview of Key Economic Events from the Past Week
Last week witnessed several significant economic events globally. In the United States, economic data showed mixed results. The Manufacturing Purchasing Managers’ Index (PMI) rose to 49.7, indicating contraction but surpassing expectations. On the positive side, the Construction Spending Index grew by 0.4% month-on-month, better than expected. The Job Openings Index reached 7.744 million, signaling strong […]
Optimism and Challenges: Supporting and Pressuring Factors on the U.S. Stock Market
The U.S. stock markets have recently experienced a strong sense of optimism, with the VIX index dropping to 12.89 points two days ago, marking its lowest level since July 19, 2024. It is currently hovering around the 13-point level, indicating stability and investor comfort in the U.S. stock markets. U.S. stock indices closed with a […]
Continued Rise of Cryptocurrencies and the Emergence of Ripple as a Strong Competitor
Cryptocurrency markets are known for their significant volatility, but recently, we’ve witnessed sharp fluctuations, particularly after the announcement of Trump’s victory in the U.S. presidential election on November 5th. This led to a bullish momentum across all cryptocurrencies after Trump pledged strong support for the industry. Notably, we have seen continued liquidity flowing into cryptocurrency […]
Technical Recession and the Decline of Economic Indicators in Turkey: A Comprehensive Overview
Recent Turkish economic data shows that the Turkish economy is experiencing weakness, as: The GDP contracted by 0.2% on a quarterly basis, the same adjusted decline recorded in the second quarter. This is the first time since 2018 that the economy has contracted for two consecutive quarters, indicating that the economy has entered a technical […]
