The dollar continues to decline at the beginning of the week Ifo indicator below expectations Miscellaneous data that we will follow during the week After the second largest central bank in the world, the European Central Bank, raised interest rates last week by 50 for the first time in more than a century. From the month of July towards the...
View MoreIn a highly unexpected move, the European Central Bank decided at its meeting moments before today, Thursday, July 21, to raise the zero interest rates by 50 basis points to 0.50% for the first time in 11 years in its clear quest to ensure that inflation returns to its 2% target. The bank's interest statement stated that the board of...
View MoreFor the fourth consecutive session, the Turkish lira continues to decline and is approaching its lowest level ever recorded in December last year at 17.72, trading at 17.64 levels this Thursday morning, July 21 (July) just hours before the Turkish Central Bank meeting to determine the bank’s monetary policy and interest rates. The expectations are for the bank to keep...
View MoreFinally, after a long wait, the second largest central bank in the world (the European Central Bank) will raise interest rates and begin to tighten monetary policy when it meets today, Thursday, July 21 for the first time since 2011. It is expected that interest rates will rise by 25 basis points to reach 0.25 % . European inflation figures...
View MoreThe Bank of Japan decided in its meeting that ended this morning, Thursday, July 21 (July 21) to keep monetary policy unchanged, as the members of the bank voted as expected to keep the current negative short-term interest rates at -0.10% in addition to maintaining the 10-year bond yield at 0 % . The bank is buying exchange-traded funds (ETFs)...
View MoreThe CPI in Canada recorded a growth of about 8.1% in June on an annual basis, according to figures released just moments ago, compared to 7.7% in the May reading, which came less than expectations that indicated a rise to 8.8%, recording the largest annual increase since January 1983. In contrast, the core index rose Excluding gasoline prices to 6.5%...
View MoreCrude prices are recording declines in the middle of the Euro trading session for today, Wednesday, July 20th, amid anticipation in the markets for the US inventory statement issued by the US Energy Information Administration after less than three hours, as Brent crude loses about 1.70%, trading at levels of $105.53 per barrel, while US crude is trading ( NYMEX)...
View MoreThe CPI, which measures inflation in the United Kingdom, rose to 9.4% on an annual basis in June, compared to 9.1% in the May reading, less than expectations, which indicated a rise to 9.3, marking the highest reading in the series that started from national statistics in January 1997. On a monthly basis, the consumer price index rose by 0.8%...
View MoreFor the second consecutive session since the beginning of the week, the general index of the US dollar declined in its trading this morning, Tuesday, the 19th of July, with the opening of the European markets at 106.73 levels, at a loss of 0.60%, affected by the decline in market expectations and investors’ bets that the US Federal Reserve would...
View MoreThe minutes of the Reserve Bank of Australia's meeting two weeks ago on the fifth of July, which saw an increase in interest rates by 50 basis points to 1.35%, issued this morning, Tuesday, showed that the market expectations of interest rates at 3% by next December. Members noted that inflation in Australia has risen significantly and is expected to...
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