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European Central Bank Cuts Interest Rates as Expected
Foreign currency
image 17 April، 2025

The European Central Bank decided at its meeting moments ago today, Thursday, April 17, to cut interest rates by 25 basis points, as expected, to 2.40%, while announcing that the inflation reduction process is on track. The bank's interest rate statement stated that inflation declined in March, with the services index declining significantly in recent months. Most indicators point to...

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Unemployment rates rise in Australia, inflation higher than expected in New Zealand
Foreign currency
image 17 April، 2025

Australian unemployment rates rose to 4.1% in March, according to figures released by the Australian Bureau of Statistics (ABS) at the beginning of the Asian session today, Thursday. Expectations had been for a rise of around 4.2%, coinciding with an increase in the labor force participation rate to 66.8% from 66.7%. The Australian economy added approximately 32,200 jobs in March,...

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Bank of Canada Keeps Interest Rate at 2.75% as Expected
Foreign currency
image 16 April، 2025

The Bank of Canada kept its interest rate at 2.75% as expected at its meeting just moments ago, noting that the significant shift in US trade policy and the unpredictability of tariffs have increased uncertainty and weakened economic growth prospects. The Bank's interest rate report stated that the forecasts contained in its April Monetary Policy Report presented different scenarios. The...

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US Retail Sales Exceed Expectations in March
Foreign currency
image 16 April، 2025

Data released just moments ago from the US Census Bureau showed a rise in US retail sales, exceeding market expectations. Sales rose to $734.9 billion, a 1.4% increase compared to February's reading of 0.2% (1.3% expected), and a 4.6% year-over-year increase. Core sales, excluding auto prices, grew 0.5% in March, compared to a revised 0.7% increase in February. Sales at...

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UK inflation at 2.6%
Foreign currency
image 16 April، 2025

The Consumer Price Index (CPI), a measure of UK inflation, rose to 2.6% year-on-year in March, according to data released by the Office for National Statistics (ONS) this morning, compared to 2.8% in February, exceeding expectations of 2.7% growth. On a monthly basis, the CPI rose by 0.3% in March, compared to a rise of approximately 0.6% in March 2024....

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China’s economy exceeds market expectations in the first quarter.
Foreign currency
image 16 April، 2025

Gross domestic product in China, the world's second-largest economy, grew by about 5.4% year-on-year in the first quarter of this year, according to data released Wednesday morning, April 16, by the National Bureau of Statistics. The GDP reached 31,875.8 billion yuan, an increase of 1.2% from the fourth quarter of 2024, exceeding market expectations of about 5.2% growth, benefiting from...

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Canada’s annual inflation rate at 2.3% in March
Foreign currency
image 15 April، 2025

Canada's Consumer Price Index (CPI) grew by 2.3% year-on-year in March, according to figures released just a few moments ago, compared to 2.6% in February, below expectations. The core CPI, which excludes gasoline prices, rose to 2.5% year-on-year from 2.6%. On a monthly basis, the CPI rose by 0.3% in March after rising by 1.1% in February, below expectations for...

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Markets await the European Central Bank meeting, and the euro exceeds 1.13.
Foreign currency
image 14 April، 2025

The European Central Bank's (ECB) meeting, which will be held mid-session on Thursday, April 17, will focus on monetary policy and interest rate developments. The bank is expected to cut interest rates for the sixth consecutive meeting, by 25 basis points, to 2.40%. The latest inflation reading for the eurozone, released in early April, according to Eurostat estimates, showed a...

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Gold hits $3,200 per ounce high, US dollar below $100
Foreign currency
image 11 April، 2025

Gold is trading higher for the fourth consecutive session in mid-European trading today, Friday, April 11, and is on track to post weekly gains of more than 6% after testing historic highs at the start of the session at $3,237 per ounce, supported by declines in the US dollar amid rising trade tensions and financial market turmoil, which supported safe...

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Services Sector Supports UK Economic Growth in February
Foreign currency
image 11 April، 2025

 Preliminary estimates from the UK Office for National Statistics showed that UK GDP rose by 0.5% in February, compared to a revised 0.0% in January, which was revised from a 0.1% decline. This was better than expectations of a 0.1% growth, driven primarily by growth in the services sector. This reading is expected to see the UK economy grow by...

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