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Fundamental analysis

The Canadian economy grew 3.1% in the first quarter
Foreign currency
image 31 May، 2022

 Canada's gross domestic product rose by 0.7% in March, according to data released moments before by Statistics Canada, after a growth of about 0.9% in February, to come in better than expectations (0.5%), while the economy recorded a growth of 3.1% on a quarterly basis in the first quarter.This year, compared to 6.6% in the last quarter, which is below...

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The Russian oil embargo and the lifting of restrictions in Shanghai support crude prices
Oil markets
image 31 May، 2022

Crude prices continue to rise in the middle of the European trading session for today, Tuesday, May 31 (May) for the fifth session in a row, to trade at their highest levels since last March, as crude prices receive support from the European Union’s ban on most Russian oil imports, reaching two-thirds of oil imports yesterday, Monday in The framework...

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Eurozone inflation hits record high ahead of European Central Bank meeting next week
Foreign currency
image 31 May، 2022

Estimates by Eurostat or the Statistical Office of the European Union just before showed that annual inflation in the euro area rose to 8.1% in May in the preliminary reading, recording its highest level in history, compared to 7.4% in the April reading, exceeding expectations that indicated a growth of about 7.7%, the monthly reading The index, in turn, increased...

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US labor market data and the Canadian central meeting lead this week’s events (weekly currency report)
Foreign currency
image 30 May، 2022

Inflation in the euro area and expectations of a new record Bank of Canada tightening between 50 basis points and 75 basis points US economy and NFP numbers by the end of the week miscellaneous economic data After many data such as the New Zealand Central Bank meeting, the US Federal Reserve minutes and PCE data, the events of last...

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The Fed’s preferred inflation indicator fell in April, and the dollar posted weekly losses
Foreign currency
image 27 May، 2022

 Data released moments before by the US Bureau of Economic Analysis showed an increase in US personal income by $89.3 billion in April by 0.4%, while the PCE, the preferred indicator for measuring inflation, increased by 0.9% on a monthly basis, by $152.3 billion, compared to 1.1 % in the March reading. The annual index fell to 6.3% in April,...

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Dow Jones rises 500 points and the retail sector profits exceed expectations
Market Indicators
image 27 May، 2022

الترجمة طويلة جدًا ولا يمكن حفظها.  The negative data issued by the American economy, represented by the contraction of the American economy in the first quarter of this year, supported the revised reading of the American stock markets, as the Dow Jones Industrial Average jumped more than 500 points, rising for the fifth consecutive day, amid continuing to disclose the...

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What are the markets waiting for after the US Federal Reserve minutes
Foreign currency
image 26 May، 2022

 After the minutes of the US Federal Reserve meeting were announced two weeks ago, yesterday, Wednesday, the markets are awaiting the revised reading of US GDP growth, which will be released today in the American session, before the inflation data is announced, represented by the PCE index or the personal consumption expenditures index, the Fed’s preferred indicator for measuring inflation....

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Durable goods orders below expectations, markets await Fed minutes
Foreign currency
image 25 May، 2022

The general index of the US dollar recorded increases of more than 0.50% today, Wednesday, moments before the opening of the US markets, after continuous declines since the beginning of the week, amid anticipation in the markets for the US Federal Reserve minutes at the end of the session. New orders for durable goods rose in April, according to the...

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Crude rises amid anticipation of the inventory data
Oil markets
image 25 May، 2022

 Crude prices recorded highs in mid-European trading today, Wednesday, May 25th, amid anticipation in the markets for the official US inventories statement from the US Energy Information Administration, as Brent crude rose by about 1.11%, trading at levels of 114.81 dollars per barrel, while US crude (NYMEX) is trading at Levels of 110.98 dollars per barrel, up by 1.10%. The...

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The Reserve Bank of New Zealand raises interest rates and the New Zealand dollar rises
Foreign currency
image 25 May، 2022

 As expected, the Monetary Policy Committee of the Reserve Bank of New Zealand (RBNZ) decided to raise the official interest rates (OCR) by 0.50% to 2% at its meeting today, Wednesday, May 25th in the Asian session, with the Committee stressing that it is still appropriate to continue tightening monetary policy at a rapid pace to maintain price stability. and...

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