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Fundamental analysis

The US labor market is adding jobs better than market expectations and the dollar is rising
Foreign currency
image 6 August، 2021

The American labor market in non-farm jobs NFP added 943 thousand jobs in July, according to data released by the Bureau of Labor Statistics in the United States of America moments ago, compared to 938 thousand jobs in the revised June reading and better than the market expectations, which indicated the addition of about 870 thousand jobs. The unemployment rate...

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The Bank of England keeps its monetary policy unchanged, and the British pound is rising
Foreign currency
image 5 August، 2021

The Bank of England voted unanimously at its meeting ending Thursday, August 5th, to maintain the current interest rate at 0.10% levels, unchanged as expected, and the committee voted by 7 members to 1 to continue the Bank's bond purchase program at 895 billion pounds. In the monetary policy report issued by the Bank, the Bank changed its expectations for...

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The Dow Jones and S&P 500 indexes fell at the close, and Robin Hood shares jumped 50% at the close
Market Indicators
image 5 August، 2021

The US indices recorded a decline at the close of the trading session yesterday, Wednesday, August 4th, with the exception of the Nasdaq Composite Index, which recorded gains at the close, after mixed data from the US economy was announced during the session, in addition to statements from the US Federal Committee member Richard Clarida to the Peterson Institute for...

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The yield on the US 10-year bond rises from its lowest level in two weeks, and gold is losing its gains
Foreign currency
image 4 August، 2021

The yield on US Treasury bonds rose during the trading session on Wednesday, as the yield on the ten-year bonds rose from its lowest level in two weeks after falling for three consecutive days, to trade at 1.20 levels, up by about 2.24%, after testing 1.13 levels in the Asian session. The data released this evening showed a discrepancy in...

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Continuing declines in crude and stocks rise suddenly
Oil markets
image 4 August، 2021

Crude prices continue to decline in the middle of the trading session of the American session today, Wednesday, August 4th, to trade at its lowest level in two weeks, with rising concerns about the speed and spread of the Delta strain and the decline in global demand for crude. The data of the US Energy Information Administration, released a while...

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The performance of the data issued by the US economy varied, and the dollar regained the 92 levels, and the New Zealander maintained its gains
Foreign currency
image 4 August، 2021

The data released this evening, Wednesday, August 4th, showed a divergence in the performance of economic indicators in the United States of America, as the ADP employment index in the American private sector came below market expectations, while the ISM services index rose in July better than market expectations. The ADP Employment Index in the private sector announced that 330...

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After declines of more than 3%, stability in crude prices at the beginning of the session today, Tuesday
Oil markets
image 3 August، 2021

Crude prices are recording slight increases with the beginning of the trading session of the European session today, Tuesday, August 3, as US crude (NYMEX) rises by about 0.18%, trading at levels of $71.39 a barrel, while Brent crude is trading at levels of $72.97 a barrel, an increase of about 0.11%. Crude prices fell by more than 3% when...

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The Australian Reserve keeps its monetary policy unchanged
Foreign currency
image 3 August، 2021

The Reserve Bank of Australia kept its monetary policy unchanged at its meeting on Tuesday morning, the third of August (August) unchanged and kept interest rates at the current levels of 0.10%, and the bank maintained its purchases of government bonds equivalent to five billion Australian dollars until the beginning of next September and reduced them to Four billion a...

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US manufacturing sector grows in July less than expected
Foreign currency
image 2 August، 2021

The ISM Manufacturing Business Survey showed that economic activity in the manufacturing sector grew less than market expectations in July, growing for the fourth consecutive month, at 59.5, down by 1.1 compared to June's reading of 60.6 and less than market expectations, which indicated a rise to 60.8. In the details of the index, the new orders index recorded a...

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A profit-taking process that pushes cryptocurrencies to decline and Bitcoin below the levels of 40 thousand dollars
Digital currencies
image 2 August، 2021

Cryptocurrencies record declines with the beginning of the opening session of the markets today, Monday, the second of August (August), as Bitcoin loses more than 5% with the opening of the European session’s trading on Monday, amid a state of anxiety and tension over the American infrastructure bill that prompted investors to reap their profits and put pressure on me....

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