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Fundamental analysis

The market value of digital currencies exceeds 2 trillion dollars, and the Dogecoin and Cardano are remarkable
Digital currencies
image 16 August، 2021

Cryptocurrencies are recording gains this morning, Monday, August 18, as Bitcoin is trading at levels of 47,162 thousand dollars, a rise of about 2.65, after it tested levels of 48 thousand dollars at the beginning of the session, to support the rise in the market value of cryptocurrencies to more than 2 trillion dollars. The combined market value of digital...

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China data declines in July as Delta fears rise and Goldman Sachs cuts its growth forecast
Foreign currency
image 16 August، 2021

Data released by the National Bureau of Statistics of China this morning, Monday, August 16, the opening session of the week, showed an increase in retail sales by 8.5% in July on an annual basis, compared to 12.1% in the June reading and below expectations that indicated a rise to 11.55, where it was mentioned The National Bureau of Statistics...

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Japan’s economy grows better than expected in the second quarter and the yen rises
Foreign currency
image 16 August، 2021

The Japanese economy recorded a growth in gross domestic product by about 0.3% in the second quarter of this year, according to data released by the Japanese Cabinet Office this morning, compared to a contraction in the first quarter of the year by -1.3% before it was revised to 1% to come better than expectations. Which indicated that it recorded...

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US crude stabilizes above $69 a barrel, and the International Energy Agency cuts its forecast for global demand growth
Oil markets
image 12 August، 2021

Crude prices settle in the middle of the trading session today, Thursday, August 12th, with some slight rises, as US crude (NYMEX) settles at the highest levels of $69, up by about 0.10%, trading at levels of $69.31 a barrel, while Brent crude is trading at levels of $71.61 a barrel on A rise of about 0.24% amid ignoring the...

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UK economic growth is in line with expectations in the second quarter
Foreign currency
image 12 August، 2021

Preliminary estimates issued by the Office for National Statistics in Britain showed that the gross domestic product of the United Kingdom rose by 4.8% in the second quarter of this year ending in June, to come in line with expectations, supported by the easing of restrictions from the Corona virus, and after a rise of 2.2% in April and 0.6%...

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New highs for the Dow Jones and S&P 500, supported by the Infrastructure Act and slowing inflation
Market Indicators
image 12 August، 2021

Both the S&P 500 and the Dow Jones Industrial Average hit new records at the close of trading on Wednesday, August 11th, while the Nasdaq recorded declines at the close as the US Senate's approval of the $1 trillion infrastructure law supported stock gains. In addition to the slowdown in monthly inflation growth in the United States of America. Data...

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Annual inflation in the United States of America rises in July, and the monthly reading is declining
Foreign currency
image 11 August، 2021

Data issued by the Bureau of Labor Statistics in the United States of America this evening, Wednesday, showed an increase in the CPI, which measures inflation, by 0.5% in July, after rising by about 0.9% in June, to come in line with expectations. On the other hand, the annual index rose over the past 12 months to 5.4% better than...

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Brent regains levels of $ 70 a barrel before the official stock data
Oil markets
image 11 August، 2021

Crude records highs with the beginning of trading in the European session today, Wednesday, August 11th, as Brent crude regained the levels of 70 dollars, after increases of more than 2% yesterday, Tuesday, to trade this morning at levels of 71.03 dollars per barrel, an increase of about 0.57%, while US crude is trading ( NYMEX) at levels of $...

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Four sessions of the continuous rise of the US dollar and anticipation of inflation data in the American session
Foreign currency
image 11 August، 2021

The US dollar continues to rise this morning, Wednesday, August 11th, for the fourth consecutive session, with gains estimated at 0.11%, and trading at 93.13 levels, at its highest level in three weeks, benefiting from rising expectations that the US Federal Reserve will hint at a date to reduce bond purchases in September at a conference Jackson Hole, which will...

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ZEW economic confidence index fell in August, the euro at its lowest level since April
Foreign currency
image 10 August، 2021

The ZEW index of economic confidence in Germany fell in the August poll, according to data released this morning, Tuesday, August 10, by 22.9 points, to 40.4, compared to 63.3 in the July reading, worse than expectations that indicated a decline to 54.9, and in the details of the index, the rating of The current economic situation in Germany to...

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