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Fundamental analysis

Currency Weekly Report
Foreign currency
image 27 February، 2023

The US dollar gained for the fourth consecutive week Markets are awaiting inflation figures from Australia and ISM manufacturing figures The Japanese yen exceeds 136 Separate economic data After the meeting of the Reserve Bank of New Zealand, US inflation figures and the Federal Reserve minutes of last week's events, financial markets return in a new week and new economic...

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The Fed’s preferred inflation index rises in January and the dollar exceeds 105 levels
Foreign currency
image 24 February، 2023

Data released moments ago by the US Bureau of Economic Analysis showed an increase in US personal income by $131.1 billion in January, or 0.6%, while the PCE index, the favorite indicator for measuring inflation for the US Federal Reserve, stabilized at 0.6% on a monthly basis. On the other hand, the main index rose. Excluded from food and energy...

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Inflation in Japan is at its highest level in four decades
Foreign currency
image 24 February، 2023

 The Japanese Consumer Price Index (CPI) recorded a growth of about 4.2% in January, according to figures announced by the Japanese government this morning, Friday, February 24 in the early hours, compared to 4% in December and less than expectations, which indicated a rise to 4.3%, to record the highest inflation reading since 1981. On the other hand, Ueda, the...

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The revised reading of the US economy grew by 2.7%
Foreign currency
image 23 February، 2023

. The gross domestic product of the United States of America grew in the fourth and final quarter of last year, which ended in December, in the second reading, according to the Bureau of Economic Analysis report issued just before, by 2.7%, compared to a growth of about 3.2% in the third quarter, and a growth of 2.9% in the...

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Crude rises ahead of inventories numbers
Foreign currency
image 23 February، 2023

 Crude prices recorded increases of about 0.50% in the middle of today’s trading session, Thursday, February 23rd, supported by rising expectations of global demand growth, amid anticipation in the market for the official inventory statement, as crude pared its losses after falling at its most daily rate in seven weeks yesterday, Wednesday, with rising expectations of monetary tightening. from the...

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The US Federal Reserve minutes support the dollar’s gains
Foreign currency
image 23 February، 2023

 The US Federal Reserve's minutes of its previous meeting in early February, issued at the end of trading on Wednesday, showed stronger tightening than expectations in monetary policy, as some members preferred to raise interest rates by 50 basis points before everyone agreed on 25 basis points. The members agreed on the need for an additional increase in interest rates,...

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German IFO rises in February and markets await the Fed’s Minutes
Foreign currency
image 22 February، 2023

 The Ifo index measuring confidence in Germany rose to 91.1 in February compared to 90.2 in January's revised reading to match expectations. In detail, the current situation index fell to 93.9, while the expectations index rose to 88.5 from 82.0. On the other hand, figures issued by the Federal Bureau of Statistics, Destatis, showed an increase in the CPI inflation...

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The Reserve Bank of New Zealand raises interest rates by 50 basis points
Foreign currency
image 22 February، 2023

 The Reserve Bank of New Zealand raised interest rates by 50 basis points, to reach 4.75% from 4.25%, as expected at the first bank meeting in 2023, which was held this morning, Wednesday, February 22, bringing interest levels to their highest levels in 14 years. And the interest statement stated that the bank is expected to continue to tighten monetary...

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Markets are awaiting the Central Bank of New Zealand
Foreign currency
image 21 February، 2023

The New Zealand Reserve Bank is expected to hold its first meeting this year at the Asian session of the session tomorrow, Wednesday, as expectations indicate that the Central Bank of New Zealand will raise interest rates by 50 basis points to 4.75%. The last meeting of the bank at the end of November of last year raised interest rates...

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Canada’s annual inflation slowed in January better than expected
Foreign currency
image 21 February، 2023

The Consumer Price Index (CPI) in Canada grew by about 5.9% in January on an annual basis, according to figures released moments ago, compared to 5.3% in the December reading, better than expectations that indicated a rise to 5.7%, while the main index, excluding gasoline prices, rose to 5%. On an annual basis of 5.4%, better than expectations, which indicated...

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