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Fundamental analysis

The European Central Bank does not change its monetary policy
Foreign currency
image 10 June، 2021

The European Central Bank kept its monetary policy unchanged in today's meeting, as the bank kept interest rates at their current zero levels, as was the expectation that they will remain at their current levels until inflation rates rise. The bank announced in its statement issued today that the bank will continue its current PEPP purchase program with a total...

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US consumer price index rises in May
Foreign currency
image 10 June، 2021

Data released by the United States Bureau of Labor Statistics today, Thursday, revealed that the consumer price index, which measures inflation in May, rose to 0.6%, better than market expectations, which indicated that it would rise to 0.4%, while the basic monthly index, excluding food and energy prices, rose to 0.7% in May. May. On the other hand, the annual...

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The European Central Bank and US inflation figures take center stage today, Thursday
Foreign currency
image 10 June، 2021

Today, Thursday, June 10, global markets are awaiting the two most important events during the current week that will have a direct impact on market movements, as the European Central Bank will announce its monetary policy (interest rates - monetary policy statement) before the opening of the American markets, followed by 45 minutes of the press conference of the President...

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Inventories are declining for the third week in a row, and anticipation of the monthly OPEC report
Oil markets
image 10 June، 2021

The official report issued by the US Energy Information Administration issued yesterday, Wednesday, June 9, in the American session, showed that US crude oil stocks fell for the third week in a row by 5.2 million barrels in the last week ending on the fourth of June, to reach 474 million barrels, compared to Expectations indicated a rise to 4....

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The Bank of Canada keeps its monetary policy unchanged
Foreign currency
image 10 June، 2021

The Bank of Canada kept its monetary policy unchanged at its meeting yesterday, Wednesday, the ninth of June, and kept interest rates unchanged at the current levels of 0.25%, as was expected. The Bank also maintained the current quantitative easing program which is continuing at a pace of C$3 billion per week. The statement issued by the Bank indicated that...

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Crude stocks are falling, and US crude is at its highest level since October 2018
Oil markets
image 9 June، 2021

Crude prices are recording rises this morning, Wednesday, the ninth of June, to trade at their highest levels in two years, supported by statements from the United States of America that US sanctions on Tehran will remain a large part of them even if a nuclear agreement is reached, which dispelled market fears about the return of Supplies from Iran...

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Inflation in China rose in May, but less than expected
Foreign currency
image 9 June، 2021

Data released this morning, Wednesday, the ninth of June, from the National Statistics Office in China, showed that the consumer price index, which measures inflation, rose to 1.3% in May on an annual basis, compared to 0.9%, falling short of expectations that indicated a rise to 1.6%. The rise in inflation in the second largest economy in the world was...

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ZEW Index declines in Germany and the Eurozone
Foreign currency
image 8 June، 2021

The ZEW Economic Sentiment Index in Germany, in the June survey, decreased by 4.6 points to 79.8 points, less than the expectations that indicated a rise to 86 points. On the other hand, the assessment of the current economic situation in Germany has improved significantly, as the index rose by 31 points to reach -9.1 points compared to May, returning...

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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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