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Fundamental analysis

Canadian retail sales beat expectations, grow 2.1%
Foreign currency
image 22 October، 2021

 Data released by Statistics Canada a moment ago showed that retail sales rose by 2.1% in August to reach $57.2 billion, after declining by about -0.6% in the July reading, to exceed expectations that it would rise to 2%, supported by an increase in sales of food and beverage stores by about 4.8 And the growth of sales of petrol...

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Gold is heading to record weekly gains for the second week in a row, taking advantage of the decline in the US dollar
metals
image 22 October، 2021

 The yellow metal is trading at an increase of about 0.52% or $11 in the middle of the European session and before the opening of the American markets, trading at levels of $1792 per ounce, heading to record gains for the second week in a row by more than 1.5% if it maintains these levels until the close of the...

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Manufacturing and Services PMI mixed in the Eurozone and recovery in the UK
Foreign currency
image 22 October، 2021

 The preliminary reading of the PMI for the euro area in the services and manufacturing sectors recorded some variation amid a clear impact of supply bottlenecks, as the services index in the euro area fell to its lowest level in six months in the October reading at 54.7 compared to 56.4 in September (expectations at 55.4), in On the other...

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UK retail sales fell in September
Foreign currency
image 22 October، 2021

 Retail sales declined in September by about 0.2%, according to data released moments before by the official statistics office in the United Kingdom, compared to a decline of about -0.9% in the August reading, while expectations indicated a growth of about 0.6%. In the details of the index, sales in non-food stores decreased by 1.4% due to the decline in...

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US and Canadian data before the opening of the US session and the US dollar is stable
Foreign currency
image 21 October، 2021

USA Manufacturing activity in Philadelphia continues to slow by 7 points in October, according to data released moments ago, to reach 23.8 points, compared to expectations that indicated a decline to 25.1, and in the details of the indicator, the current shipments index settled unchanged at 30 points in October, while the new orders index rose by 15 points. To...

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The Turkish Central Bank cuts interest rates and the lira incurs more losses
Foreign currency
image 21 October، 2021

The Turkish Central Bank cut interest rates at its meeting that ended just moments ago, by 200 basis points, exceeding expectations that it would cut by 50-75 points, to reach 16%, after it cut interest rates on the 23rd of last September by 100 basis points to surprise the markets once again. In September, the Turkish lira incurs further losses....

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Solana and Litecoin Lead Cryptocurrency Rally
Digital currencies
image 21 October، 2021

At a time when attention was focused on the bitcoin currency by breaking through to the highest peak ever and trading at the highest levels of 66,000 dollars during the trading session yesterday, Wednesday, other digital currencies are also benefiting from this liquidity and this institutional and global acceptance of the cryptocurrency market and record strong rises > The market...

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Dow Jones hits new record, Tesla reports quarterly profit that beat expectations
Market Indicators
image 21 October، 2021

 The US stock indices, the Dow Jones and S&P, recorded gains at the close of the trading session yesterday, Wednesday, as the Dow Jones Industrial Average tested its highest level ever at 35.669, before falling slightly and ending the session with gains of about 0.43%, while the Nasdaq Composite Index was affected by the losses of the technology sector to...

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The yellow metal trims its gains with the opening of the American session
metals
image 20 October، 2021

 The yellow metal is trading at an increase of about 0.50%, or $8, coinciding with the opening of the American markets for today’s session, Wednesday, October 20, to trade at levels of $ 1775 per ounce, benefiting from the decline in the yield on US Treasury bonds in the last hours, despite reducing its gains that exceeded 1% and testing...

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Inflation in Canada is at its highest level since 2003
Foreign currency
image 20 October، 2021

The CPI, which is concerned with measuring inflation in Canada, according to data released moments ago, rose to its highest level since February 2003 by 4.4% on an annual basis in September, compared to 4.1% in August. The index, excluding gasoline prices, recorded an increase of 3.5% on an annual basis. The monthly index rose by 0.2% in September on...

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