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Fundamental analysis

The Euro regains 1.0900 levels, and the tightening expectations support the continuation of the gains
Foreign currency
image 24 January، 2023

The euro tested 1.0900 levels during the Asian session this morning, Tuesday, a level that dates back to before the Russian-Ukrainian war, benefiting primarily from the declines of the US dollar, as the general index of the US dollar is trading at its lowest level since May of last year. The statements of European Central Bank President Christine Lagarde and...

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Amid anticipation of earnings announcements, US markets are green in the opening session of the week
Market Indicators
image 24 January، 2023

The US indices concluded the opening session of the week yesterday, Monday, January 23, with gains led by the Nasdaq index, which rose by more than 2%, supported by the rise in the technology sector stocks, amid anticipation in the markets for the earnings announcements from companies and institutions issued during the current week. US stock markets are receiving support...

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The Bank of Canada meeting and the PCE numbers lead the events of the current week (the weekly currency report)
Foreign currency
image 23 January، 2023

The US dollar lost for the second week in a row Keep an eye out for quarterly inflation figures from New Zealand and Australia The euro area is awaiting growth figures in the services and manufacturing sectors After the meeting of the Central Bank of Japan and Chinese growth figures issued the events of last week, the financial markets return...

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Canadian retail sales decline in November
Foreign currency
image 20 January، 2023

 Retail sales in Canada decreased by 0.1% in November, according to a report issued by Statistics Canada moments ago, to reach $61.8 billion, after rising by about 1.4% in the October reading, while it had been expected to decline by 0.5%. The main index, which excludes the prices of gasoline and trade in cars and spare parts, declined by 1.1%,...

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Inflation in Japan is at its highest level since 1981
Foreign currency
image 20 January، 2023

 The Consumer Price Index (CPI), which measures inflation in Japan, rose to its highest rate in 41 years, according to data issued by the Japanese government this morning, Friday, January 20. It reached levels of 4% in December, compared to 3.7% in the November reading, matching expectations. In details, food prices in Japan increased by 7.4% in December, the highest...

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The yellow metal maintains $1900 levels, taking advantage of the decline in yields on Treasury bonds
metals
image 19 January، 2023

The yellow metal maintains the levels of $1900 an ounce in the middle of the European trading session of today, Thursday, January 19th, to trade at levels of $1912 an ounce, recording gains of about 0.46%, benefiting from the decline of the US dollar by about 0.20%, in addition to the decline in US Treasury bond yields. The yield on...

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The card rate is stable in Australia and the economy lost about 14,000 jobs in December
Foreign currency
image 19 January، 2023

 Australian unemployment rates stabilized in December at 3.5%, according to figures issued by the Australian Bureau of Statistics (ABS) at the beginning of the Asian session today, Thursday, while expectations were for a decline of about 3.4%, despite the decline in the participation rate in the labor market to 66.6% from 66.8%. The Australian economy lost about 14,600 thousand jobs...

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The US dollar is losing its opening gains and retail sales are down in December
Foreign currency
image 18 January، 2023

The US dollar index lost all the gains of the Asian session, to trade in the middle of the European session, down by about 0.50%, and by more than 1.00% from its highest level during the Asian session, to trade now at 101.77 levels, affected by the gains of the Japanese yen and the decline in the US retail sales...

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Crude prices rose, supported by the expectations of the International Energy Agency and anticipation of inventories figures
Oil markets
image 18 January، 2023

 Crude prices recorded gains of more than 1.5% in the middle of trading in the European period for today’s session, Wednesday, January 18th, before the opening of the American markets, as Brent crude rose by about 1.60%, trading at levels of $87.29 a barrel, while American crude (NYMEX) rose by about 1.95%, and trading at levels of $81.74. A barrel...

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The Bank of Japan maintains its monetary policy and the yen declines by more than 300 points
Foreign currency
image 18 January، 2023

 The Central Bank of Japan decided in its meeting that ended this morning, Wednesday, January 18th, to keep its monetary policy unchanged, by allowing the volatility of 10-year bond yields, minus or plus 0.50%. The bank is buying exchange-traded funds (ETFs) for 12 trillion yen and Japanese real estate investment J-REITs for 180 billion yen. Since its meeting in December,...

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