01/11/2024
13 March، 2023
US inflation figures top the events of the week European Central Bank and raised interest rates by 50 basis points An emergency meeting of the Federal Reserve raises the risk appetite in the markets Separate economic data After the meetings of the three central banks (Aussie - Bank of Canada - Bank of State) in addition to Jerome Powell's testimony...
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10 March، 2023
The report issued by the United States Bureau of Labor Statistics moments ago showed that 311,000 jobs were added in February, compared to the addition of 517,000 jobs in the January reading, before it was revised down to 504,000 to come better than market expectations, which indicated the creation of 224,000 jobs. On the other hand, unemployment rates rose to...
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10 March، 2023
The Bank of Japan decided in its meeting that ended this morning, Friday, March 10, to keep monetary policy unchanged, as expected, to maintain the current negative short-term interest rates at -0.10%, in addition to leaving the range for the yield of ten-year bonds to move plus or minus 0.5%. The bank is buying exchange-traded funds (ETFs) for 12 trillion...
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9 March، 2023
The US indices recorded mixed results when they closed the trading session yesterday, Wednesday, March 8, after a strong loss that exceeded 1.5% on Tuesday, as the S&P 500 and the Nasdaq indices recorded gains, while the Dow Jones index declined amid the markets’ anticipation of the US labor market numbers for February, tomorrow, Friday. And Jerome Powell, President of...
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8 March، 2023
The Bank of Canada keeps interest rates at 4.50%. In a highly expected move, the Bank of Canada left the interest rate unchanged at its meeting moments ago, at 4.50% basis, to reach 4.50%. The bank's interest report stated that economic growth stabilized in the fourth quarter of last year, i.e. less than what the bank expected, with increased consumption...
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8 March، 2023
The American private sector added about 242,000 jobs in February, according to figures issued moments ago by the ADP, after adding about 119,000 jobs in the revised January reading, while expectations were for the addition of 197,000 jobs, while the annual wage rate increased by 7.2%. In the details, the commodity production sector lost about 52,000 jobs, after the construction...
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8 March، 2023
Crude prices recorded declines in the middle of the European session trading today, Wednesday, March 8th, in declines for the second session in a row, after losing more than 3% yesterday, Tuesday, affected by the rises of the US dollar after Jerome Powell’s statements, amid anticipation in the markets for US stock numbers today, as Brent crude is trading at...
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7 March، 2023
US Federal Reserve Chairman Jerome Powell confirmed in his testimony before Congress today that the Fed is committed to returning inflation to its target of 2%, as we took strong measures to tighten monetary policy last year, but inflation is still far from the bank's goal, and therefore we are expected to witness other strong increases in interest rates. Appropriate...
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7 March، 2023
The yellow metal records declines of more than 70%, by $13, in the middle of today’s session, Tuesday, March 7, and is trading at $1833 an ounce, moments before the opening of the US markets and Jerome Powell’s testimony before the congressional banking committee, affected by the rises of the US dollar. The general index of the US dollar rises...
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7 March، 2023
During today's session in the American session, the markets are awaiting a hearing for US Federal Council Chairman Jerome Powell before Congress in the semi-annual testimony, which is held twice a year, and he will complete it tomorrow before the Financial Services Committee in the House of Representatives. In his last statements in February, Jerome Powell indicated that the process...
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