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Fundamental analysis

Canadian retail sales grow better than expected
Foreign currency
image 21 December، 2021

 Retail sales in Canada increased by 1.6 percent in October, according to a report by Statistics Canada, issued just moments ago, to reach $57.6 billion, after declining by about 0.6 percent in September, exceeding expectations that indicated a growth of about 1%. Spare parts increased by 2.2% and sales of new cars increased by 2.8%. With the increase in sales...

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The Turkish lira gains more than 30%, supported by Erdogan’s statements
Foreign currency
image 21 December، 2021

There is no talk in the markets about the Turkish lira, which has recorded increases against the US dollar by more than 30% since the opening session of the week yesterday, Monday, to be the highest rise in the markets by trading at 1.1186 levels this morning, Tuesday, rising from 1.18 levels, after statements by President Recep Tayyip Erdogan in...

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Bitcoin leads the losses of cryptocurrencies, and the Ripple and Terra currencies are tweeting out of the flock
Digital currencies
image 20 December، 2021

 The most expensive digital currency in the world (Bitcoin) leads the declines of cryptocurrencies in the middle of the opening session of the week today, Monday, December 20th, as Bitcoin loses about 2.30% and is trading at levels of 46,063 thousand dollars, with a market value estimated at 869 billion dollars, amid a quiet trading session with a few days...

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Omicron spread fears hit the markets again, and the VIX index rose by 24% in the morning
Foreign currency
image 20 December، 2021

After spreading in more than 89 countries, according to the World Health Organization report, the new Omicron mutant is spreading faster than the Delta strain. Accordingly, European countries began to impose new measures and restrictions on movement, as the Netherlands announced the imposition of a comprehensive closure during the end of the year holiday, while Germany announced the largest economy....

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Crude is heading for a weekly loss of more than 1.8%
Oil markets
image 17 December، 2021

 Crude is heading to record weekly losses a few hours before the closing session of the week ends today, Friday, December 17th, as Brent and the American (NYMEX) crude lose more than 1.8% per week, coinciding with the increase in Corona virus cases around the world, especially in the largest crude consuming countries, which Raising concerns about the return of...

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The technology sector incurred losses for US stocks at the close, and the Nasdaq was the biggest hit
Market Indicators
image 17 December، 2021

The major indices of US stocks recorded declines at the close of the trading session yesterday, Thursday, December 16th, affected by the declines in technical stocks, as technology stocks led the Nasdaq Composite Index, which specializes in the technology sector, to record its largest daily loss since September, after fears increased that the US Federal Reserve would raise interest rates...

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The Bank of Japan keeps interest rates and announces plans to reduce purchases
Foreign currency
image 17 December، 2021

 The Bank of Japan announced in its meeting this morning, Friday 17th of December, that it kept the current interest rates unchanged as expected at -0.10%. The bank announced plans to scale back its coronavirus emergency economic support program and cut its purchases of corporate debt to pre-pandemic levels in a move similar to what the Federal Reserve did midweek...

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European Central Bank no change in monetary policy
Foreign currency
image 16 December، 2021

The European Central Bank (ECB) decided to keep interest rates unchanged at its meeting today, as expected at the current zero levels, as the statement issued moments ago indicated that there is still a need for monetary adjustment until the inflation rate stabilizes at the bank's target of 2%. The bank maintained its APP asset purchases at a monthly pace...

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The Bank of England surprises the markets and raises interest rates He follows
Foreign currency
image 16 December، 2021

The Bank of England decided to raise interest rates suddenly to 0.25% from 0.10% at its meeting moments ago The interest statement from the bank said that the committee voted 8-1 to increase interest rates and maintain the bank's asset purchases of 895 billion pounds. The members of the bank confirmed that since the committee’s meeting in November, the omicron...

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The yellow metal extends its gains, supported by the declines in the dollar and the yield on US Treasury bonds
metals
image 16 December، 2021

 The yellow metal is recording highs in the middle of the European session today, Thursday, December 16, for the second session in a row, by about 0.50%, and is trading at levels of 1785 dollars per ounce, up more than 1.5% from the lowest level recorded by gold yesterday, Wednesday, after the US Federal Reserve announced that it was stationed...

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