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Fundamental analysis

US manufacturing sector slows in July
Foreign currency
image 1 August، 2022

 Economic activity in the manufacturing sector in the United States of America grew for the 26th consecutive month in July, according to ISM figures, by 52.8, compared to 53 in the June reading, exceeding expectations that indicated a decline to 52.3, the lowest reading of the index since June 2020. In the divergence of the index, the new orders index...

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The Australian Reserve and the Bank of England are on top of this week’s events (weekly currency report)
Foreign currency
image 1 August، 2022

 A quick look at last week's events Australian Bank and Bank of England major events US labor market numbers come back to the fore Miscellaneous data we will follow up A quick look at the main events of the past week By the end of last week , the markets concluded the month of July, which witnessed the meeting of...

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The Fed’s preferred PCE inflation indicator rises, and the dollar trims its losses
Foreign currency
image 29 July، 2022

 Data released moments before by the US Bureau of Economic Analysis showed an increase in US personal income by 133.5 billion dollars in June, an increase of 0.6%, while personal consumption expenditures increased by 181.1 billion dollars by 1.1%. The US Fed's preferred PCE inflation gauge rose 6.8% y/y from 6.3% in May (expectations 6.5%), while the monthly index rose...

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Eurozone inflation exceeds expectations in July
Foreign currency
image 29 July، 2022

 Estimates by Eurostat or the Statistical Office of the European Union just before showed that annual inflation in the euro area rose to 8.9% in July in the preliminary reading, compared to 8.6% in the June reading, exceeding expectations that indicated a growth of about 8.7%. The largest contribution to inflation in July came from the energy sector, which rose...

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US stocks rise, boosted by business results
Foreign currency
image 29 July، 2022

 US stocks recorded gains at the close of trading on Thursday, July 29, in the first US market session, after the US Federal Reserve's decision to raise interest rates by 75 basis points, ignoring US growth figures that showed the US economy entered a state of recession. And the gross domestic product of the United States of America recorded a...

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The US economy is technically entering a recession
Foreign currency
image 28 July، 2022

The gross domestic product of the United States of America recorded a decline in the second quarter of the current year ending in June in the preliminary reading, according to the report of the Bureau of Economic Analysis issued a while ago, by -0.9, compared to a decline of about -1.6 percent in the first quarter, contrary to expectations that...

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After the Fed, eyes turn to US growth figures
Foreign currency
image 28 July، 2022

 The Federal Open Market Committee (FOMC) voted unanimously to raise interest rates by 75 basis points, as expected, for the second time in a row, to reach 2.5%, as expected, in the largest pace of monetary tightening since 1994. The Federal Reserve is seeking to tighten the screws on rising inflation, which reached its highest level in forty years in...

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Durable goods orders beat expectations in June
Foreign currency
image 27 July، 2022

 Durable goods orders, according to the US Census Bureau's report issued a few moments ago, grew in June, better than market expectations, with a growth of 1.9%, or 5 billion, to reach $ 272.6 billion on a monthly basis, after a growth of about 0.8% in May, while expectations indicated a decline of 0.5%. . Core orders, excluding transportation, increased...

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The yellow metal is at the levels of 1,700 dollars, hours before the Fed meeting
metals
image 27 July، 2022

 Gold maintains for the fourth consecutive session at the levels of 1,700 dollars per ounce, trading at 1718 dollars this morning, Wednesday, the 27th of July, an increase of about 0.07%, just hours before the Federal Reserve meeting, which began discussing monetary policy developments and raising interest rates yesterday, and it will be announced today, Wednesday in the US session....

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Quarterly inflation in Australia is declining
Foreign currency
image 27 July، 2022

 The figures released in the Asian session today, Wednesday, by the Australian Institute of Statistics (ABS), showed that the consumer price index, which measures inflation in Australia, increased by 1.8% in the second quarter of this year ending in June, compared to 2.1% in the first quarter, to come below expectations that indicated a decline to 1.9%. . On an...

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