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Fundamental analysis

Crude is falling for the second session in a row, and Brent is losing levels of $71 a barrel.
Oil markets
image 8 June، 2021

Crude prices are recording declines this morning, Tuesday, the eighth of June, for the second session in a row, after they tested their highest levels in two years, affected by rising concerns about the return of Iranian supplies with the progress of talks with the United States of America, in addition to the decline in crude oil imports in China...

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More than 8% declines in cryptocurrencies and declines in market capitalization
Digital currencies
image 8 June، 2021

Cryptocurrencies are recording declines of more than 8% in the last 24 hours, led by Bitcoin, which loses 8.70% this morning, Tuesday, coinciding with the beginning of the European session, while Ethereum loses about 9%, with rising pressure from China that limits mining and trading operations, in addition to market fears that the US Federal Reserve will resort to to...

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The meeting of the European Central Bank, the Bank of Canada and US inflation data, the most important events of the week
Foreign currency
image 7 June، 2021

The markets are awaiting this week for many important economic data that will have an impact on the movements of the currency markets, as it is expected that the Central Bank of Canada and the European Central Bank will announce their monetary policy during the current week, in addition to many separate data such as US inflation data, which will...

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US and Canadian labor market data below expectations
Foreign currency
image 7 June، 2021

The US Department of Labor announced at the end of last week, the fourth of June, that the US economy added 559 thousand jobs in May, so that the April numbers were revised to 278 thousand jobs, as the numbers came less than the market expectations, which indicated that 645 thousand jobs were added. On the other hand, unemployment rates...

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Markets await US and Canadian labor market data
Foreign currency
image 4 June، 2021

Today, Friday, June 4th, attention is directed towards the US and Canadian NFP labor market data, which will be released during the American session, as expectations indicate that about 645,000 jobs will be added in the non-agricultural sector in May in the United States of America, with a decline in unemployment rates to below 6 levels. % . Although signs...

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The service sector in the euro area and the United Kingdom recovered in May
Foreign currency
image 3 June، 2021

The services sector in the euro area and Britain recorded strong increases in May, according to data released by PMI this morning, as the German services sector returned to growth after the recession witnessed in April, supported by the easing of restrictions related to the Corona virus, to record a level that is the strongest in two years at 52.8...

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Dogecoin continues to rise with the support of Coinbase
Digital currencies
image 3 June، 2021

The digital currency Dogecoin, the sixth currency in terms of market value, continues to rise for the fifth consecutive session, as it is trading this morning, Thursday, the third of June, at levels of $ 0.43, an increase of about 10 percent during the last 24 hours, and a rise of more than 25 percent since the beginning of the...

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OPEC + adheres to the current pace of easing, and the US is testing its highest level since 2018
Oil markets
image 2 June، 2021

The meeting of the Organization of the Petroleum Exporting Countries and the independent allies led by Russia concluded their regular meeting yesterday, Tuesday, with the producers agreeing to stick to the current pace of gradual easing of supplies until next July, while the group did not agree on any new plan for the next phase starting from August, with the...

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Australia’s economy records better-than-expected growth in the first quarter of the year
Foreign currency
image 2 June، 2021

The gross domestic product in Australia rose to 1.8 percent in the first quarter of the year ending last March, to come in better than expectations that indicated a rise of about 1.5, while the reading of the fourth quarter of the year 2020 was revised up to 3.2 percent from 3.1 percent, which Reflects the direct results of the...

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Brent crude is at the highest levels of $ 70 coinciding with the gathering of the OPEC
Oil markets
image 1 June، 2021

Crude prices record highs with the beginning of the European trading period for today's session, Tuesday, the first of June (June), when American crude rose by more than 2 percent, while Brent crude trades at the highest levels of $ 70, amid anticipation in the markets for the meeting of the Organization of the Petroleum Producing Countries known as OPEC...

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