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Fundamental analysis

The market value of digital currencies is below $2 trillion, and Bitcoin is down 7%
Digital currencies
image 21 January، 2022

. Cryptocurrencies are recording strong declines since the opening of the Asian session today, Friday, the last weekly trading session, to trade the most expensive digital currency in the world (Bitcoin) below the levels of 38 thousand dollars for the second time in January, with more than 700 million dollars out of liquidity, according to the Binance platform in the...

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UK retail sales are falling
Foreign currency
image 21 January، 2022

 UK retail sales fell -3.7 percent in December, according to the Office for National Statistics, compared to 1.4 percent in November, before being revised to 1%, missing expectations of a -0.6% decline. In details, non-food sales declined by 7.1% in December, coinciding with the decline in sub-sectors and the spread of the Omicron mutant in December. Auto fuel sales declined...

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The dollar is trading in a weak trading range, and the US data is mixed
Foreign currency
image 20 January، 2022

The general index of the US dollar is trading in a relatively narrow trading range in the middle of trading today, Thursday, January 20, and half an hour before the opening of the American markets, where the index that measures the performance of the dollar against a basket of currencies, known as the Dollar Index, is trading at 95.47 levels,...

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Gold settles at its highest level in two months (What are the reasons?)
metals
image 20 January، 2022

 The yellow metal’s trading is settling at its highest level in two months, the highest levels of $ 1838 an ounce, this morning, Thursday, January 20, with the opening of the European markets, after gains that exceeded the 1.7% recorded by the yellow metal yesterday, Wednesday, in the American session, by $ 30, benefiting from its status as one of...

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Australia’s unemployment rate is the best reading since the global financial crisis
Foreign currency
image 20 January، 2022

 Data issued by the Australian Bureau of Statistics (ABS) in the Asian session today, Thursday, January 20, showed a decline in the unemployment rate to 4.2% in December from 4.6% in November, to record the best reading since the global financial crisis. The reading came better than market expectations of 4.5%, in contrast. About 64,800 thousand jobs were added in...

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Canada’s annual inflation rises in December to 4.8%
Foreign currency
image 19 January، 2022

 The CPI in Canada recorded a growth of about 4.8% in December on an annual basis, according to figures released a few moments ago, compared to 4.7% in the November reading, to come below expectations that indicated a rise to 5.5%, while the main index, excluding gasoline prices, rose to 4% on Annual basis of 3.6% and better than expectations,...

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UK inflation beats expectations and raises interest rate hike expectations
Foreign currency
image 19 January، 2022

 Data issued by the Statistics Office in the United Kingdom showed that the CPI, which measures inflation, rose to 5.4% in the 12 months ending last December, compared to 5.1% in November, exceeding expectations that indicated a growth of about 5.2% in the highest reading of the annual index in The national statistical data series, which started in January 1997,...

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US stocks are bleeding in the opening session and the Nasdaq is the biggest loser
Market Indicators
image 19 January، 2022

The three main US stock indexes recorded sharp declines in the opening session of the week on Tuesday, after the markets were closed on the occasion of Martin Luther King Day on Monday, leading the technology sector index Nasdaq, losing more than 250 points at the close, affected by the declines in technology shares, amid anticipation of corporate announcements. Financial...

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US bond yields support the rise of the US dollar
Digital currencies
image 18 January، 2022

The general index of the US dollar is trading with a rise in the middle of the trading session today, Tuesday, with the opening of the US markets at the opening of this week after the Martin Luther King Day holiday on Monday, as the dollar gains about 0.25%, trading at 95.47 levels, benefiting from the rise in the yield...

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Crude prices are at their highest since 2014
Oil markets
image 18 January، 2022

 Crude prices are recording strong rises with the opening of the European markets for today's session, Tuesday, January 18th, to trade at their highest levels since 2014, as Brent crude is trading at levels of 87.92 dollars a barrel, up by 1.67%, while US crude (NYMEX) is rising by about 2.10% and trading at 85.58 dollars. The barrel is at...

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