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Fundamental analysis

US stocks reduce its losses and technology companies support the Nasdaq
Market Indicators
image 6 July، 2022

 After a red opening for US stocks, all major indices hit at the beginning of the session yesterday, Tuesday, the fifth of July (July), stocks managed to reverse their negativity by the end of the session, as the Nasdaq Composite Index specialized in the technology sector managed to end the session with gains of more than 190 points, benefiting from...

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Crude prices fell in mid-European trading
Oil markets
image 5 July، 2022

Crude prices are recording declines in the middle of the trading session of the European session today, Tuesday, the fifth of July (July), with rising concerns about a possible global economic recession after natural gas prices returned to rise strongly today, and thus high expectations of a decline in demand for fuel, as Brent crude trades down by 1.55 %,...

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Australia raises interest rates by 50 basis points
Foreign currency
image 5 July، 2022

 The Reserve Bank of Australia decided in its meeting this morning, Tuesday, the fifth of July, to raise interest rates by 50 basis points, as expected, to reach 1.35% from 0.85%. The interest statement issued by the bank stated that inflation is still high in Australia and is expected to reach its peak later this year before it begins to...

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Inflation exceeds expectations in Switzerland and opens the door for continued interest rate hikes
Foreign currency
image 4 July، 2022

 The figures released by the Swiss Federal Statistics Office FSO just before showed that inflation in Switzerland rose to 0.5% in June on a monthly basis, compared to 0.7% in the May reading and better than expectations that indicated a growth of about 0.4%. The annual index, in turn, rose to 3.4% in June, compared to 2.9% in May, while...

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The US dollar ignores the negativity of the ISM manufacturing index and heads to record weekly gains
Foreign currency
image 1 July، 2022

 The ISM Manufacturing Purchasing Managers' Index increased in June by 53 points, marking a 25th consecutive month of growth, although it declined by 3.1 points compared to May's reading of 56.1, while it was expected to decline to 54.6 points. In details, the new orders index registered a growth of 49.2 points, down by 5.9 points, compared to the May...

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Eurozone inflation exceeds expectations
Foreign currency
image 1 July، 2022

 Estimates by Eurostat or the Statistical Office of the European Union just before showed that annual inflation in the euro area rose to 8.6% in June in the preliminary reading, compared to 8.1% in the May reading, exceeding expectations that indicated a growth of about 8.5%. The largest contribution to inflation in November came from the energy sector, which rose...

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Gold records monthly and quarterly losses and trades below $1800
metals
image 1 July، 2022

 The yellow metal continues to record losses for the fifth consecutive session since the beginning of the week, with the opening of the European markets for the first sessions of the month of July (July) today, Friday, trading at its lowest level in more than 6 weeks, below the levels of 1800 dollars per ounce, with a loss estimated at...

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Crude gains for the fourth consecutive session before the inventory statement and the OPEC + meeting
Oil markets
image 29 June، 2022

 Crude prices are recording rises for the fourth consecutive session since the beginning of the week in mid-trading today, Wednesday, benefiting from fears of supply shortage and lack of supplies, with the continuation of sanctions imposed on Russia, amid anticipation of the official inventory statement, as US crude (NYMEX) is trading at levels of 113.46 dollars a barrel, an increase...

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Cryptocurrency and Bitcoin continue to drop below $20,000
Digital currencies
image 29 June، 2022

Cryptocurrencies record declines in the middle of today’s trading session, Wednesday, 29th of June, coinciding with a clear decline in risk appetite in the markets before the opening of the American session, as the Bitcoin currency leads these declines by trading below 20 thousand dollars at levels of 19,980 thousand dollars, a decline of about 5.70% with Decline in market...

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Amid anticipation of the statements of central bank heads, the dollar continues to rise
Foreign currency
image 29 June، 2022

 The general index of the dollar recorded a rise for the second session in a row this morning, Wednesday, 29th of June, in line with the opening of the European markets, where the index, which measures the performance of the dollar against a basket of currencies, is trading at 104.67 levels, up by 0.20%, ignoring the decline in the US...

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