Factors Driving Crude Oil Prices Upward: Geopolitical Tensions, Economic Data, and Technical Indicators
By Samir Al Khoury, It seems that the upward trend of crude oil prices is prevailing in the next stage, with oil prices benefiting from several positive factors, the most prominent of which are: • Continuing geopolitical tensions in the Middle East, the Red Sea, and the Russian-Ukrainian war • Improved economic data from China, […]
The most important events of the past week
By Samir Al Khoury, United States of America • The Consumer Confidence Index recorded 100.4 points, which exceeded expectations (100.0) and the previous reading (101.3). • The core durable goods orders index declined, recording a contraction of 0.1%, which is lower than expectations (0.2%) and the previous reading (0.4%). • The new home sales index […]
Anticipating the US Dollar Index Movement Before Core PCE Price Index Release
By Samir Al Khoury, The US Dollar Index, which measures the dollar’s performance against a basket of six major currencies, rose to 106.13 points today, its highest level since May 1, 2024. It is currently hovering around the 106 level. It appears that the level of 106.13 points is a stubborn resistance level, and any […]
Turkish Lira Struggles Against Economic Challenges: A Market Overview
By Samir Al Khoury, The Turkish lira continues to weaken against the US dollar, with the dollar reaching a historic high of 33.0274 lira on Tuesday, June 25, and currently hovering around 32.90 lira per dollar. Turkey’s annual consumer price index remains very high, at 75.45% in May, exceeding expectations (74.80%) and the previous figure […]
Gold Prices: Factors Influencing the Recent Decline and Future Prospects
By Samir Al Khoury, Gold prices reached $2,450 on May 20 this year, an all-time high, and then fell to $2,287 on June 7. For the month to date, it has been trading within a horizontal range between the $2,300 and $2,400 levels, searching for a clear direction either up or down. Several factors contributed […]
Chinese Stocks Face Downward Pressure During Economic Challenges
By Samir Al Khoury, After the CSI300 index reached 3,703 points on May 20, 2024, its highest level since October 12, 2023, a downward trend began, with the index declining by approximately 7% from the peak (3,703) to yesterday’s session (3,460). It seems that negative momentum for Chinese stocks will prevail in the next stage, […]
The most important events of the past week
By Samir Al Khoury, United States of America • The Manufacturing Purchasing Managers’ Index rose, recording a growth of 51.7 points, which exceeded expectations (51.0) and the previous reading (51.3). • The Services Purchasing Managers’ Index rose, recording a growth of 55.1 points, which exceeded expectations (53.4) and the previous reading (54.8). • The existing […]
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 […]
