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Fundamental analysis

Three central banks lead the events of the current week (Weekly Currency Report)
Foreign currency
image 30 January، 2023

The Australian dollar leads the currency gains The US Federal Reserve, the European Central Bank and the Bank of England are the most important events of the week Keep an eye out for US labor market numbers Separate economic data After the meeting of the Central Bank of Canada and US growth and inflation numbers topped the events of last...

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The Fed’s preferred inflation indicator rose 5% in December
Foreign currency
image 27 January، 2023

 Data released moments ago by the US Bureau of Economic Analysis showed an increase in US personal income by $49.5 billion in December, or 0.2%, while the PCE index, the favorite indicator for measuring inflation for the US Federal Reserve, stabilized at 0.1% on a monthly basis. On the other hand, the main index rose. Excluded from food and energy...

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The US economy ends the year 2022 with a growth of 2.9%
Foreign currency
image 26 January، 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 initial reading, according to the report of the Bureau of Economic Analysis, issued just before, by 2.9%, compared to a growth of about 3.2% in the third quarter, to come better than expectations that...

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The yellow metal is retreating from its highs before the US growth figures
metals
image 26 January، 2023

 The yellow metal is retracing from its highest levels before the US growth figures After it tested its highest levels since April of last year at $1948 an ounce in the Asian session, the yellow metal lost more than 0.50% before the opening of the US markets for today’s session, Thursday, January 26th, amid anticipation in the markets for the...

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The Bank of Canada raises interest rates by 25 basis points
Foreign currency
image 25 January، 2023

 In an expected move, the Bank of Canada, in its meeting moments ago, raised the interest rate by 25 basis points to 4.50% from 4.25%. The bank's interest report stated that inflation in Canada is still high, although it fell to 6.3% in December from 8.1%, affected by the decline in gasoline prices. The bank expects that inflation rates will...

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All eyes are on the Bank of Canada
Foreign currency
image 25 January، 2023

The markets are awaiting in the American session today, Wednesday, January 25th, the first meeting of the Canadian Central Bank in the current year 2023, as the bank is expected to announce a 25 basis point hike in interest rates, to reach 4.50%, in the eighth consecutive increase in interest rates, to reach their highest levels since 2007. . The...

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Inflation in Australia exceeded expectations and below expectations in New Zealand
Foreign currency
image 25 January، 2023

 The figures issued in the Asian session today, Wednesday, from the Australian Institute of Statistics (ABS) showed that the consumer price index, which measures inflation in Australia, increased by 8.4% on an annual basis in the twelve months to December of last year, compared to 7.3% in November, exceeding expectations that indicated an increase to 7.6%. On the other hand,...

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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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