31/01/2025
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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7 March، 2023
The Reserve Bank of Australia raised interest rates by 25 basis points, to reach 3.60%, as expected at the bank's meeting that took place today, Tuesday, March 7, for the tenth time in a row, bringing interest levels to their highest levels since May 2012. The interest statement issued by the bank stated that inflation in Australia has reached its...
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6 March، 2023
US dollar weekly declines after a series of gains Three central banks lead the events of the week's session Keep an eye out for US labor market numbers and Powell's testimony Inflation is on the rise in Switzerland Separate economic data After inflation figures from Australia and manufacturing and services figures from the United States of America and the eurozone...
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2 March، 2023
The general index of the US dollar is trading at an increase of about 0.45% in the middle of today's session, Thursday, March 2nd, at 104.79 levels, after volatile trading since the beginning of the week, and after testing 104.10 levels in the middle of the week's trading. The US dollar is receiving support today from the market's high expectations...
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2 March، 2023
Estimates by Eurostat, or the statistical office of the European Union, showed moments ago that annual inflation in the eurozone rose to 8.5% in February in a preliminary reading, compared to 8.6% in January, exceeding expectations that indicated a decline to 8.3%. In details, prices in the energy sector declined at an annual rate of 13.7% in February from 14.1%...
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1 March، 2023
he ISM Manufacturing Purchasing Managers' Index (PMI) contracted for the fourth consecutive month after a 28-month period of growth in February, to 47.7, up 0.3 from January's reading of 47.4, while it had been expected to rise to 47.9. In details, the new orders index contracted by 47.0 points, an increase of two points compared to January's reading (42.5), while...
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