Between Economic Challenges and the Unexpected Rise of German Stocks: A Look at the German Economy and the DAX Index
The latest German economic data still shows that the German economy is experiencing weakness, as: The German Consumer Price Index (CPI) for November showed an annual growth of 2.2%, which is lower than the expected 2.3%, but higher than the previous reading of 2.0%. The German ZEW Indicator of Economic Sentiment for November declined to […]
Brief Overview of Key Economic Events from the Past Week
Last week, the United States saw several important economic indicators. In the Federal Reserve’s November minutes, officials expressed a preference for a cautious approach to future interest rate cuts, noting that the labor market showed no signs of a rapid deterioration. The Core Personal Consumption Expenditures (PCE) Price Index showed a growth of 2.8%, in […]
Performance of the Chinese Economy and the US Dollar/Yuan Exchange Rate considering Recent Data
The US dollar against the Chinese yuan reached 7.2720 three days ago, its highest level in four months, and is currently trading near the 7.2500 level. The exchange rate has risen by about 4% since the low of September 27, 2024, when it was 6.9691, to the peak reached three days ago at 7.2720. It […]
Future Outlook for U.S. Markets: Continued Gains Despite Recent Decline
U.S. stock indices closed lower yesterday, with the S&P 500 dropping by (-0.38%) and Nasdaq 100 by (-0.85%), following a seven-day consecutive rise. Despite this, these indices are still up since the beginning of the year by approximately 26% and 24%, respectively. The Dow Jones also closed with a loss of (-0.31%) yesterday but remains […]
Coffee Price Increases: Fundamental and Technical Factors Behind the Bullish Momentum
The futures contracts for coffee in New York (Arabica) continue their upward trend, reaching $312 two days ago, the highest level since 1997. Currently, they hover near the $310 mark. These contracts have risen by approximately 65% since the beginning of the year to date. The reasons for these price increases are attributed to several […]
Gold Price Analysis: Trends and Influencing Factors
Gold prices have been experiencing fluctuations recently, reaching a record high of $2,790 on October 30 of this year, before falling to $2,536 on November 14, 2024. Currently, gold is trading near $2,600. We can observe that gold prices are moving within two key levels: a support level around $2,500 and a resistance level near […]
Brief Overview of Key Economic Events from the Past Week
Last week witnessed a series of important economic events around the world. In the United States, the number of unemployment claims dropped to 213,000, while the Services PMI rose to 57.0 points, marking the highest level since March 2022. However, the Philadelphia Manufacturing Index declined, and existing home sales showed a slight increase. In the […]
Trump’s Impact on Cryptocurrencies: A New Era for Digital Assets
It seems that the positive momentum for cryptocurrencies is set to dominate in the coming phase, driven by several factors, with the most prominent being the election of Donald Trump as President of the United States and his support for cryptocurrencies during his campaign. Furthermore, his team is currently in discussions with the digital asset […]
Fundamental and Technical Factors Affecting the EUR/USD Exchange Rate
The EUR/USD exchange rate recorded 1.0496 last week, its lowest level since October 6, 2024. It is currently trading near the 1.0550 level. It has dropped by approximately 6% since the peak of 1.1214 recorded on September 25, 2024, reaching a low of 1.0497 on November 14. It is also down about 5% since the […]
Thai Economic Reports: Optimism and Challenges – A Look at the Currency Market
The Bank of Thailand unexpectedly cut interest rates by 25 basis points for the first time this year during its latest meeting held on October 16, 2024, reducing the rate from 2.50% to 2.25%. Recent Thai economic data reveals a mixed picture. The country’s GDP grew by 3.0% year-on-year in the third quarter of this […]
