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Fundamental analysis

Gold falls for the second consecutive session and aluminum at its highest level in ten years, benefiting from the coup in Guinea
metals
image 7 September، 2021

The yellow metal recorded declines for the second consecutive session with the beginning of the European session’s trading session today, Tuesday, September 7 (September), affected by the rises of the US dollar since the beginning of the session, as gold lost about 0.28%, trading at levels of $ 1818 per ounce, to remain at the levels of 1800 dollars, despite...

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The Australian Reserve extends its bond purchases program until February next year
Foreign currency
image 7 September، 2021

The Reserve Bank of Australia decided, in its meeting today, Tuesday, September 7, to keep monetary policy unchanged and to keep the current interest rates at 0.10%. The Bank also decided to continue buying government securities at a rate of $4 billion per week until February next year at least Estimate instead of next November. And the interest statement from...

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Bitcoin reached the highest levels of 51 thousand dollars, one day before the adoption of Bitcoin as legal tender in El Salvador
Digital currencies
image 6 September، 2021

 Cryptocurrencies are recording increases with the beginning of the European session’s trading session today, Monday, September 6, taking advantage of the positive news from El Salvador, whose law to adopt bitcoin as a legal currency will enter into force tomorrow, Tuesday, September 7, as the most expensive digital currency in the world rises by about 3.23% and is trading At...

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Improvement in German manufacturing orders and the euro slips due to the rise of the US dollar
Foreign currency
image 6 September، 2021

 New manufacturing orders in Germany, the strongest economy in the eurozone, grew in July by 3.4%, according to data from the Federal Statistical Office Destais released moments ago, to come better than expectations that indicated a decline of about 0.9%, while the June reading was revised up to 4.6% to reach its highest level. Since the beginning of the time...

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The US economy added 235,000 jobs in August, contrary to expectations, and the US dollar is at its lowest level in a month
Foreign currency
image 3 September، 2021

The report issued by the United States Bureau of Labor Statistics a few moments ago showed that 235,000 jobs were added in August, compared to the addition of 943 thousand jobs in June, before it was adjusted to 1053 jobs, and less than market expectations, which indicated the creation of jobs estimated at 750 thousand jobs. On the other hand,...

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The US dollar is at its lowest level in three weeks before the employment data, and the Australian dollar is the biggest beneficiary
Foreign currency
image 2 September، 2021

The general index of the US dollar, which measures the performance of the dollar against a basket of currencies (Dollar Index), is trading at its lowest level since the first week of August this morning, Thursday, the second of September (September), with a loss of about 0.07%, and trading at 92.40 levels, while other major currencies are rising, benefiting from...

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OPEC+ keeps its production policy and inventories at their lowest levels since 2019
Oil markets
image 2 September، 2021

 Crude prices are stable in trading with the beginning of the European session trading today, Thursday, the second of September (September), where Brent crude is trading at levels of $71.64 per barrel, up by 0.07%, while American crude (NYMEX) is rising by about 0.04%, trading at $68.62 levels. barrel after the agreement of the Organization of the Petroleum Exporting Countries...

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The US private sector added 374,000 jobs in August and the manufacturing PMI exceeded expectations
Foreign currency
image 1 September، 2021

The US data released this evening, Wednesday, the first of September (September), recorded mixed data, as the US private sector added about 374,000 jobs in July, below expectations that indicated the addition of more than 600 thousand jobs. \In details, the natural resources and mining sector added about 9 thousand jobs, while the construction sector added about 30 thousand jobs,...

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Australian growth exceeds expectations in the second quarter, and the Australian dollar rises
Foreign currency
image 1 September، 2021

The Australian economy recorded a growth in gross domestic product in the second quarter ending in June, according to the estimates of the Australian Bureau of Statistics released this morning, Wednesday, by about 0.7%, compared to an increase of about 1.9% in the revised reading for the first quarter and better than the market expectations, which indicated an increase of...

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Crude morning rises before the OPEC meeting, and the monthly loss is the largest since Octobe
Oil markets
image 1 September، 2021

r With the beginning of the European session’s trading for today’s session, Wednesday, the first of September (September), where Brent crude rose by about 0.88%, trading at levels of 72.26 dollars a barrel, while American crude (NYMEX) rose by about 0.83%, and it was trading at levels of 69.07 dollars a barrel. From the US Energy Information Administration in the...

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