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Fundamental analysis

Declines for the US dollar amid anticipation of the European Central Bank meeting
Foreign currency
image 16 March، 2023

 The general index of the US dollar records declines by about 0.35% this morning, Thursday, January 16th, in the middle of the European session, and is trading at 104.40 levels, after it rose by more than 1.40% yesterday, Wednesday, benefiting from the decline in risk appetite in the markets and the high demand for safe havens, led by the US...

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The unemployment rate is declining in Australia and the economy added about 64,000 jobs in February
Foreign currency
image 16 March، 2023

 Australian unemployment rates fell in February to 3.5% from 3.7%, 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 3.6%, with the participation rate in the labor market rising to 66.6% from 66.5%. The Australian economy added about 64,600 thousand jobs...

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US retail sales fell 0.4% in February
Foreign currency
image 15 March، 2023

Data issued moments ago by the US Census Bureau showed a decline in US retail sales, which fell short of market expectations, as sales declined by about 4% in February to reach $697.9 billion, compared to a rise of about 3.2% in January’s revised reading, while expectations were for declines of about 0.3%. Underlying sales excluding car prices recorded a...

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Annual inflation in the United States of America rises to 6%
Foreign currency
image 14 March، 2023

 Data released moments ago by the Bureau of Labor Statistics in the United States of America showed that the Consumer Price Index (CPI), which measures inflation, rose by 0.4% in February, after rising by 0.5% in January, to match expectations, while the main index, excluding food and energy prices, rose to 0.5% compared to By 0.4% in January. On the...

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Currency Weekly Report
Foreign currency
image 13 March، 2023

 US inflation figures top the events of the week European Central Bank and raised interest rates by 50 basis points An emergency meeting of the Federal Reserve raises the risk appetite in the markets Separate economic data After the meetings of the three central banks (Aussie - Bank of Canada - Bank of State) in addition to Jerome Powell's testimony...

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The US economy added 311,000 jobs in February
Foreign currency
image 10 March، 2023

 The report issued by the United States Bureau of Labor Statistics moments ago showed that 311,000 jobs were added in February, compared to the addition of 517,000 jobs in the January reading, before it was revised down to 504,000 to come better than market expectations, which indicated the creation of 224,000 jobs. On the other hand, unemployment rates rose to...

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The Bank of Japan keeps its monetary policy unchanged and bids farewell to Kuroda
Foreign currency
image 10 March، 2023

 The Bank of Japan decided in its meeting that ended this morning, Friday, March 10, to keep monetary policy unchanged, as expected, to maintain the current negative short-term interest rates at -0.10%, in addition to leaving the range for the yield of ten-year bonds to move plus or minus 0.5%. The bank is buying exchange-traded funds (ETFs) for 12 trillion...

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US indices end the session on a mixed note, and Tesla shares lose 3%
Foreign currency
image 9 March، 2023

 The US indices recorded mixed results when they closed the trading session yesterday, Wednesday, March 8, after a strong loss that exceeded 1.5% on Tuesday, as the S&P 500 and the Nasdaq indices recorded gains, while the Dow Jones index declined amid the markets’ anticipation of the US labor market numbers for February, tomorrow, Friday. And Jerome Powell, President of...

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The Bank of Canada keeps interest rates at 4.50%
Foreign currency
image 8 March، 2023

The Bank of Canada keeps interest rates at 4.50%. In a highly expected move, the Bank of Canada left the interest rate unchanged at its meeting moments ago, at 4.50% basis, to reach 4.50%. The bank's interest report stated that economic growth stabilized in the fourth quarter of last year, i.e. less than what the bank expected, with increased consumption...

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The US private sector announced the addition of 242,000 jobs in February
Foreign currency
image 8 March، 2023

 The American private sector added about 242,000 jobs in February, according to figures issued moments ago by the ADP, after adding about 119,000 jobs in the revised January reading, while expectations were for the addition of 197,000 jobs, while the annual wage rate increased by 7.2%. In the details, the commodity production sector lost about 52,000 jobs, after the construction...

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