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Fundamental analysis

Annual US retail sales at five-month low, dollar on weekly gain
Foreign currency
image 14 October، 2022

 Data released moments before by the US Census Bureau showed that US retail sales remained unchanged at zero levels in September, compared to a growth of about 0.4% in the revised August reading, while market expectations indicated a growth of about 0.2%. Core sales, excluding car prices, recorded growth In September, it was revised down by 0.1%, while the August...

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UK growth shrinks in August
Foreign currency
image 12 October، 2022

 Figures released by the UK's National Statistics Office (ONS) just before showed that the UK's gross domestic product (GDP) in August fell -0.3% after a 0.1% growth in July's revised reading down from 0.2%, while expectations were for a stable 0.0%. Gross domestic product fell 0.3% in the three months to August, compared to the three months to May. In...

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The general index of the US dollar is settling with some rise for the fifth consecutive session with the opening of the European markets for the session today, Tuesday the 11th of October, to trade at 113.20 levels, up by 0.10%, benefiting from the high market expectations that the US Federal Reserve will continue to tighten monetary policy at the same pace by 75 basis points. At the meeting of the second of November. And the futures markets, according to the Fed Watch tool from CME, read the rate of the US Federal Reserve raising interest rates by 75 basis points in November, by 78% today, Tuesday, after the percentage exceeded 93% at the end of last week, Friday, after the American economy showed the addition of about 263 thousand jobs in the non-agricultural sector. In September, the unemployment rate fell to 3.5% from 3.7%, exceeding expectations. The yield on US Treasury bonds, in turn, supports the gains of the US dollar, as the yield on the ten-year treasury bonds tested the 4% levels today and is close to exceeding its September peak for the second time since 2008, while the 30-year yield is trading at its highest level since 2014 and the two-year yield exceeded its highest levels Since 2007. On the economic data front, the markets are awaiting the US inflation figures represented in the consumer price index for the month of September, which will be released on Thursday. The annual inflation is expected to decline to 8.1% in September from 8.3% in August. The US Federal Reserve’s minutes are expected to be released tomorrow, Wednesday, as markets will be watching Fed members’ discussions about future interest rates and inflation trends. The British pound is down for the fifth consecutive session and is trading at 1.1036 levels, despite the Bank of England’s moves on Tuesday morning and its announcement to buy up to 5 billion pounds of debt on the back of the bond market crash. The euro, in turn, appears stable with the opening session, trading at 0.9711 levels, despite the continuation of tensions between the Russian and Ukrainian sides.
Foreign currency
image 11 October، 2022

The general index of the US dollar is settling with some rise for the fifth consecutive session with the opening of the European markets for the session today, Tuesday the 11th of October, to trade at 113.20 levels, up by 0.10%, benefiting from the high market expectations that the US Federal Reserve will continue to tighten monetary policy at the...

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The Reserve Bank of Australia surprised the markets and raised interest rates by 25 basis points
Foreign currency
image 4 October، 2022

 The Reserve Bank of Australia raised interest rates by 0.25% to 2.60%, compared to market expectations, which indicated a 50 basis point increase at the bank's meeting, which was held this morning, Tuesday, October 4th. The Australian Bank raised interest rates by 50 basis points for four consecutive meetings, the last of which was last August, and therefore the decline...

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The Fed’s preferred inflation indicator fell in August, and the dollar posted weekly losses
Foreign currency
image 30 September، 2022

 Data released moments before by the US Bureau of Economic Analysis showed an increase in US personal income by $71.6 billion in August, or 0.3%, while the PCE, the preferred indicator for measuring inflation, rose by 0.3% on a monthly basis from -0.1% in July, On the other hand, the main index, excluding food and energy prices, rose by 0.6%....

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Crude declines amid anticipation of US stockpile figures
Oil markets
image 28 September، 2022

 Crude prices are recording declines this morning, Wednesday, September 28, with the opening of the European markets, trimming the gains recorded yesterday, Tuesday, affected by the return of the US dollar to the rise since the Asian session, amid anticipation in the markets for the official stock figures. Crude benefited during the session yesterday, Tuesday, from some reports issued by...

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The declines of the US dollar support the gains of the yellow metal from its lowest level in two and a half years
metals
image 27 September، 2022

 Gold is trading at an increase of nearly 1% this morning, Tuesday, September 27, coinciding with the opening of the European markets at levels of $ 1639 an ounce, rising from its lowest level since April of the year 2020, taking advantage of the declines of the US dollar this morning and benefiting from the rise in fears of global...

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The Bank of England raises interest rates by 50 basis points
Foreign currency
image 22 September، 2022

 The Bank of England decided to vote to raise interest rates by 50 basis points in its meeting moments ago, to reach 2.25%, as expected. The interest report issued by the bank stated that the members of the bank voted by a majority of 5 members to raise interest rates by 50 basis points, while three members voted to raise...

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Swiss bank raises interest rates by 75 basis points
Foreign currency
image 22 September، 2022

 The Swiss National Bank raised interest rates as expected by a large margin at its meeting moments before from -0.25% to 0.50% after raising it by 50 basis points at its June meeting. The bank's interest statement stated that there were renewed inflationary pressures on goods and services that forced the bank to take the step of raising interest rates,...

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Markets are waiting for the US Federal Reserve and the dollar to reach a new peak
Foreign currency
image 21 September، 2022

 The markets are awaiting at the end of today’s session, Wednesday, September 21, one of the most important decisions of the month of September, which is the meeting of the US Federal Reserve, which is expected to announce its monetary policy and interest rates, in addition to its quarterly report on its expectations for growth and inflation and the dot...

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