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Fundamental analysis

Eurozone inflation missed expectations in December
Foreign currency
image 6 January، 2023

Estimates by Eurostat, or the Statistical Office of the European Union, showed moments ago that annual inflation in the eurozone rose to 9.2% in December in the preliminary reading, compared to 10.1% in the revised November reading. The largest contribution to inflation in December came from the energy sector, which rose at an annual rate of 25.7% in December, while...

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The US private sector added 235,000 jobs in December
Foreign currency
image 5 January، 2023

The US private sector added about 235,000 jobs only in December, according to figures released moments ago by the ADP, after adding about 127,000 jobs in November's reading, while expectations were for the addition of 152,000 jobs. In the details, the commodity production sector lost about 22,000 jobs, after the manufacturing sector lost about 5,000 jobs, and the construction sector...

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Crude is up ahead of the official inventory figures
Oil markets
image 5 January، 2023

 After two sessions of decline that exceeded 9% in the first sessions of the year 2023, in the worst start since 1993, crude prices returned to the rise this morning, Thursday, January 5th, with the opening of the European markets, ignoring the rising market concerns about slowing global economic growth, amid anticipation of the first stock numbers for the new...

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The ISM manufacturing index is at its lowest level since May 2020
Foreign currency
image 4 January، 2023

 The Purchasing Managers’ Index (PMI) in the manufacturing sector issued by the Institute for Supply Management (ISM) recorded a decline in growth in December, reaching 48.4 points, down by 0.6 points, compared to November’s reading of 49.0, the lowest reading for the index since May 2020, while it was expected to decline to 48.5 points. In the details, the new...

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The US dollar between inflation and tightening monetary policy (2023 expectations)
Foreign currency
image 4 January، 2023

After concluding the year 2022 with gains of about 8%, by closing at 103.46 levels, and recording gains of more than 19%, by testing its highest level at 114.75 in September, the US dollar index (Dollar Index), which measures the dollar against a basket of currencies, opened the new year with gains of more than 1%. Before returning and losing...

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Gold green opening for the new year
metals
image 3 January، 2023

The yellow metal records strong gains exceeding 1%, with the opening of the European markets for the opening session of the year today, Tuesday, January 3, 2023, benefiting from the rising fears of global markets about the slowdown in the global economy in the current year, amid anticipation for the minutes of the US Federal Reserve meeting for the month...

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Canada’s annual inflation is at 6.8%.
Foreign currency
image 21 December، 2022

 The Consumer Price Index (CPI) in Canada grew by about 6.8% in November on an annual basis, according to figures released moments ago, compared to 6.9% in the October reading, less than expectations that indicated a rise to 7.3%, while prices for the main index, excluding food and energy, rose to 5.4%, compared to 5. .3% in the October reading....

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Canadian retail sales rose to their highest level in five months
Foreign currency
image 20 December، 2022

 Retail sales in Canada increased by 1.4% in October, according to a report issued by Statistics Canada moments ago, recording its largest increase in five months, to reach $62.0 billion, after declining by about 0.6% in the revised September reading, while expectations had indicated that it would rise to 1.5%. The main index excluding gasoline prices and trade in cars...

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The Bank of Japan shocked the markets and the yen rose more than 450 points
Foreign currency
image 20 December، 2022

The Bank of Japan decided in its meeting that ended this morning, Tuesday, December 20, to adjust the yield ceiling for ten-year bonds in order to improve market performance, while it decided to keep negative interest rates unchanged by the unanimous vote of the bank members. The bank is buying exchange-traded funds (ETFs) for 12 trillion yen and Japanese real...

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German IFO rises in December
Foreign currency
image 19 December، 2022

The Ifo index measuring confidence in Germany rose to 88.6 in December, compared to 86.4 in November's revised reading, while it had been expected to rise to 87.6, reflecting some slight improvement in inflation in the eurozone. In details, the current situation index improved to 94.4 compared to 93.5 in November, while the expectations index rose to 83.2 from 82.0....

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