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Fundamental analysis

UK inflation was at 7.9% in June
Foreign currency
image 19 July، 2023

 The consumer price index in the United Kingdom, which measures inflation, grew by 7.9% in the 12 months ending in June, compared to 8.7% in May, according to figures issued by the UK Statistics Office ONS a moment ago, while expectations were for a slowdown of 8.2%, while it rose Inflation on a monthly basis was 0.1% in June. The...

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Annual inflation in New Zealand at 6% in the second quarter
Foreign currency
image 19 July، 2023

 inflation in New Zealand recorded growth in the second quarter of this year, which ended last June, according to Statistics New Zealand data released this morning, by 1.1% on a quarterly basis, compared to 1.2% in the first quarter, while the index rose by 6% on an annual basis, compared to 6. 7% in the first quarter. In the details,...

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US retail sales missed expectations in June and inflation at 2.8% in Canada
Foreign currency
image 18 July، 2023

 Data released moments ago by the US Census Bureau showed a rise in US retail sales, below market expectations, as sales rose by 0.2% in June to reach $689.5 billion, compared to a growth of about 0.3% in the May reading, before being revised to 0.5%, as expected. It indicates an increase of about 0.5%. Underlying sales, excluding cars and...

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The Chinese economy is growing by 6.3% in the second quarter
Foreign currency
image 17 July، 2023

 China's gross domestic product, the second largest economy in the world, recorded a growth of 6.3% in the second quarter of this year, according to data released today, Monday, July 17, from the National Bureau of Statistics, compared to a growth of about 4.5% in the first quarter and less than market expectations. Which indicated that it recorded a growth...

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The US dollar is below 100 levels for the first time since April, and the yen is the biggest beneficiary
Foreign currency
image 13 July، 2023

 For the sixth session in a row, the general index of the US dollar recorded declines and lost more than 3%, trading below the 100 levels for the first time since April of last year, at the middle of today’s session, Thursday, July 13th. Since the beginning of the week, the US dollar has been affected by rising market expectations...

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The UK economy declined by 0.1% in May
Foreign currency
image 13 July، 2023

 Preliminary figures from the Office of National Statistics in the United Kingdom ONS, released moments ago, showed a decrease in GDP growth in the United Kingdom in May by 0.1%, compared to a growth of 0.2% in April, while expectations were for a decrease of 0.3%, in contrast, the economy did not record any Growth in the three months to...

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The Bank of Canada raises interest rates by 25 basis points, as expected
Foreign currency
image 12 July، 2023

 In an expected move, the Bank of Canada, in its meeting moments ago, raised the interest rate by 25 basis points to 5% from 4.75%. The interest report issued by the bank stated that the Canadian economy was stronger than expected, and that consumer growth was strong at 5.8% in the first quarter, but the bank expects economic growth to...

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Annual inflation in the United States of America at 3% in June
Foreign currency
image 12 July، 2023

 Data released moments ago by the Bureau of Labor Statistics in the United States of America showed that the Consumer Price Index (CPI), which measures inflation, rose by 0.2% in June, after rising by 0.1% in May, while expectations were for a rise of 0.3%, while the main index excluded prices. Food and Energy came in at 0.2%, compared to...

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After two years of tightening, the Reserve Bank of New Zealand stops raising interest rates and keeps them at 5.50%
Foreign currency
image 12 July، 2023

. The Reserve Bank of New Zealand decided to keep its monetary policy and interest rates unchanged at 5.50%, as expected at the bank meeting that took place this morning, Wednesday, July 12th, for the first time in nearly two years of tightening monetary policy, which witnessed 12 consecutive increases in interest rates, to stabilize interest levels at their highest...

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The ZEW index below expectations and the labor market numbers from the UK support the gains of the Sterling
Foreign currency
image 11 July، 2023

The ZEW index for measuring business confidence in Germany recorded a decline of about 6.2 points in the July survey, to reach -14.7, while it was expected to decline to -10.7 points. The decline in the index of economic confidence in the largest economy in the euro zone reflected the rise in expectations of rising interest rates in the euro...

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