The Continued Appeal of Money Market Funds Amidst High Interest Rates
By Samir Al Khoury, Investing in money market funds, which consist of short-term debt instruments with maturities of one year or less, such as treasury bills, certificates of deposit, commercial papers, and bank acceptances, remains highly attractive to investors. This preference is driven by the perennial investor quest for low-risk, high-return investments, akin to bonds. […]
Market Reactions to Fed’s Decision: Stocks Surge, Dollar Slips
By Samir Al Khoury, The Federal Open Market Committee (FOMC) decided in its meeting yesterday to maintain interest rates at 5.25% and 5.50%, a move anticipated by most analysts. However, the more significant news was the dot plot expectations, which indicated a rate cut of 25 basis points this year, in contrast to the three […]
USD Climbs for Fourth Day Against Yen Amid Economic Disparities
By Samir Al Khoury, The price of the US dollar against the Japanese yen continues its upward trend for the fourth day in a row, reaching 157.35 today. This marks an increase of about 12% since the beginning of the year. The next significant challenge is the 160.20 level, which was recorded on April 29, […]
EUR/USD Faces Downward Pressure Amid Shifting Economic Policies and Data
By Samir Al Khoury, It seems that the downward path for the EUR/USD is prevailing in the next stage for several reasons, the most prominent of which are: -European Central Bank’s Monetary Policy: The ECB shifted from tight to accommodative, reducing interest rates by 25 basis points for the first time since March 2016, from […]
The most important events of the past week
By Samir Al Khoury, United States of America The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) declined by 48.7 points, which is lower than expectations (49.8) and the previous reading (49.2). The construction spending index declined on a monthly basis, recording a contraction of 0.1%, which is lower than expectations (0.2%) and […]
Political Shifts Propel Indian Markets to New Heights
By Samir Al Khoury, There is no doubt that Indian markets have been affected by the overwhelming political atmosphere in the recent period. We witnessed a record rise in the Nifty 50 index, reaching 23,338 points on Monday, June 3, 2024, following expectations that Indian Prime Minister Narendra Modi would secure a majority of parliamentary […]
High Inflation Persists in Turkey Despite Central Bank’s Interest Rate Stance
By Samir Al Khoury, Although the Turkish Central Bank continued to set interest rates at 50% for the third consecutive time at its meeting on May 23, 2024, the consumer price index (CPI) on an annual basis in Turkey remains very high, recording 75.45% in May. This figure exceeded expectations (74.80%) and the previous reading […]
Positive Momentum in Chinese Stocks Continues
By Samir Al Khoury, Since the beginning of June, the Hang Seng and CSI300 indices have continued their upward trend for the second day in a row, recording 18,541 and 3,622 points, respectively. Last week, the official manufacturing purchasing managers index (PMI) dipped to 49.5, lower than expectations (50.5) and the previous reading (50.4). However, […]
The most important events of the past week
By Samir Al Khoury, United States of America The pending home sales index declined, recording a contraction of 7.7%, which is lower than expectations (-1.1%) and the previous reading (3.6%). The GDP index declined on a quarterly basis, recording a growth of 1.3%, which is lower than expectations (1.6%) and the previous reading (3.4%). US […]
US Dollar Dips Against Swiss Franc Amid Swiss Economic Resilience
By Samir Al Khoury, The price of the US dollar against the Swiss franc fell by about 1% yesterday, recording 0.9031 and is currently hovering near the 0.9050 levels. However, it is still up by about 8% since the beginning of the year until today. Recent Swiss economic data show that the Swiss economy is […]
