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Fundamental analysis

Will ProSHares be the first Bitcoin ETF to get approval and what is the reaction of Bitcoin
Digital currencies
image 18 October، 2021

 The bitcoin currency is trying to break the top formed during the trading session yesterday, Sunday, which is stationed at 62800, in the middle of the trading session today, Monday, by trading at levels of 61 thousand dollars, an increase of about 0.05%, and a market value estimated at 1 trillion and 150 billion dollars. The past and centered at...

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The rise in the yield on US Treasury bonds pressures the yellow metal in the opening session
metals
image 18 October، 2021

 The yellow metal is trading lower with the opening of the European markets for the opening session of the week today, Monday, the 18th of October, as gold loses about 0.22%, or about 6 dollars, and is trading at levels of 1761 dollars per ounce, after declines of more than 1.5% in the closing session of the week (Friday) after...

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The most important events expected for the current week (weekly currency report)
Foreign currency
image 18 October، 2021

 A look at the main events of the past week Chinese growth and New Zealand inflation top the scene in the Asian session The absence of major US data is the most prominent headline for the week Inflation from the UK and Canada the most important during the week Miscellaneous data we will follow during the week In the absence...

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Bitcoin shines in the closing session and trades at its highest level in six months
Digital currencies
image 15 October، 2021

 Bitcoin, the most expensive digital currency in the world, is trading at its highest level since mid-April at the closing session of the week today, Friday, 15 October, at levels of $61,324 thousand, an increase of about 7.17% and increases of more than 13% in the last seven trading sessions, to exceed the market value of one trillion and 160...

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US retail sales beat expectations
Foreign currency
image 15 October، 2021

Data released by the US Census Bureau a few moments ago showed an increase in US retail sales by about 0.7% in September, better than expectations that it had declined to -0.2%, to adjust the August reading to 0.9%. The main index, excluding auto prices, rose by 0.8%, better than expectations that it would rise to 0.5%, to adjust the...

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Gains of more than 500 points for the Dow Jones, supported by the results of banks and futures, on the rise
Market Indicators
image 15 October، 2021

The three major American indices recorded increases when they closed the penultimate session of the week yesterday, Thursday, October 14, as the Dow Jones rose by more than 500 points, supported by the season of the beginning of companies and financial institutions announcing their results for the third quarter of this year, in addition to the positive data issued by...

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US oil inventories exceed expectations, crude pares gains
Oil markets
image 14 October، 2021

 Crude prices continue to record highs in the middle of the trading session today, Thursday, October 14, moments after the announcement of the official US stockpile statement from the US Energy Information Administration, as gasoline stocks, which fell against expectations, helped support crude gains, as Brent crude rose by about 0.73% and traded at levels 83.79 dollars per barrel, while...

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Gold regains levels of 1,800 dollars an ounce as inflation fears rise
metals
image 14 October، 2021

 The yellow metal is trading in the middle of the trading session today, Thursday, October 14, and before the opening of the American markets, with an increase of about 0.40%, in a rise for the third consecutive session, and trading at levels of 1800 dollars per ounce for the first time since mid-September, after increases of more than 1.5% or...

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The US dollar is falling after the Fed minutes, so is the fall approaching?
Foreign currency
image 14 October، 2021

After increases of more than 0.45% since the beginning of the week for the general index of the US dollar (Dollar Index) and its testing of the 94.53 levels, the US dollar began to decline after the announcement of US inflation data yesterday, Wednesday, and continued the declines after the results of the US Federal Reserve minutes, to trade this...

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The Turkish lira incurs more losses
Foreign currency
image 14 October، 2021

 Late yesterday evening, Wednesday, October 13, US President Recep Tayyip Erdogan dismissed three members of the Turkish Central Bank's interest rate setting committee after meeting with Bank Governor Kavcioglu, which put pressure on the Turkish lira to hit a new record high at 9.18. Erdogan dismissed the Deput Governor of the Turkish Bank, Semih Tuman, Ugur Namik Koçek, and the...

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