Australian labor market data released this morning, Wednesday, in the Asian session from the Australian Bureau of Statistics (ABS), showed that the unemployment rate fell to 3.5% in June from 3.9% in May, the lowest level in 48 years (August 1974), compared to expectations that it had declined to 3.8%. This coincides with an increase in the participation rate in...
In an unexpected move, the Bank of Canada, in its meeting moments before, raised the interest rate by 100 basis points to 2.50% from 1.50%, while expectations were to raise it by about 75 basis points to reach 2.25%. Inflation in Canada is higher and more stable than the bank forecast in its April monetary policy report and is expected...
Data released moments ago by the Bureau of Labor Statistics in the United States showed that the CPI, which measures inflation, rose by 1.3% in June, after rising by about 1% in May, exceeding expectations that indicated a rise to 1.1%, while the main index excluding prices rose. Food and Energy decreased to 0.7%, compared to 0.6% in May. On...
As expected, the Monetary Policy Committee of the Reserve Bank of New Zealand, RBNZ, decided to raise the official interest rates OCR by 0.50% to 2.50% from 2% in its meeting this morning, Wednesday, in the Asian session, in an increase for the third time in a row in the same pattern and the fifth in general since the start...
Fears of a global economic recession and preventive measures to limit the spread of the Corona virus in the second largest consumer of crude in the world are casting a shadow on crude prices for the second consecutive session, in the middle of the European session’s trading session today, Tuesday, July 12 (July 12), where US crude (NYMEX) is trading...
The general index of the US dollar, which is concerned with measuring the strength of the dollar against a basket of currencies (Dollar Index), continues to record high levels since the beginning of the week yesterday, Monday, trading at its highest level since September 2002 at 108.45, benefiting from the high market expectations of the US Federal Reserve to tighten...
After losses exceeded 2.1%, or $35, in the largest daily loss in three weeks yesterday, Tuesday, the yellow metal continues to record declines for the third consecutive session, with the opening of the American markets for today’s session, Wednesday, July 6, by trading at levels of $ 1760 an ounce, recording the lowest level in 2022. The yellow metal ignores...
The general index of the US dollar continues to trade at its highest level since December 2002 this morning, Wednesday, the sixth of July (July), after gains that exceeded 1.35% yesterday, as the US dollar benefited from the general market condition represented in the lack of risk appetite and the rise in the currencies and assets of havens Security with...
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...
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 %,...