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Fundamental analysis

The US private sector announces the addition of 498 thousand jobs in June
Foreign currency
image 6 July، 2023

 The US private sector added about 497,000 jobs in June, according to figures released moments ago by the ADP, after adding about 267,000 jobs in the revised May reading, while expectations were for the addition of 226,000 jobs, while the annual wage rate increased by 6.4%. In the details, the commodity production sector added about 124,000 jobs, as the construction...

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The Reserve Bank of Australia does not change monetary policy, and interest rates remain at their highest levels in 11 years
Foreign currency
image 4 July، 2023

 The Reserve Bank of Australia decided to keep interest rates at current levels unchanged at 4.10%, as expected at the bank's meeting that took place this morning, Tuesday, July 4, to settle at their highest levels since 2012. The bank's interest statement said it wanted more time to assess the impact of previous increases and future economic prospects. Inflation in...

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Currency Weekly Report
Foreign currency
image 3 July، 2023

 The Australian Reserve leads this week's events Markets are awaiting US labor market numbers Separate economic data After the statements of US Federal Reserve Chairman Jerome Powell, inflation figures in consumer spending, growth from the United States of America, inflation from Australia and Canada, in addition to some separate numbers, topped the events of last week, the financial markets return...

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The Fed’s preferred inflation indicator rose to 4.6% in May
Foreign currency
image 30 June، 2023

 Data released moments ago by the US Bureau of Economic Analysis showed a rise in US personal income by $2.91 billion in May, an increase of 0.4%. The PCE personal consumption expenditures index, the preferred indicator for measuring inflation for the US Federal Reserve, rose by 0.3% on a monthly basis from 0.4%, in contrast. The main index excluding food...

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Inflation in the eurozone slowed to 5.5% in June
Foreign currency
image 30 June، 2023

 Estimates by Eurostat, or the statistical office of the European Union, showed a moment ago that annual inflation in the eurozone slowed down to 5.5% in June in a preliminary reading, compared to 6.1% in a reading in May, which came below expectations that indicated a rise to 5.6%. In details, prices in the energy sector declined at an annual...

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Inflation in Japan is at its highest level in 43 years
Foreign currency
image 23 June، 2023

 Figures issued this morning from the third largest economy in the world showed that the core consumer price index, which measures inflation in Japan, which excludes fresh food prices, but includes energy items, increased by 3.2% in May compared to 3.4% in April, but it exceeded expectations that indicated a growth of 3%. 1%. On the other hand, the main...

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The Bank of England raises interest rates by 50 points
Foreign currency
image 22 June، 2023

The Central Bank of England decided to vote on raising interest rates by 50 basis points in its meeting today, issued moments ago, to reach 5%, contrary to expectations that indicated a 25 basis point hike, with a majority of members 7-2, as two members preferred to keep interest rates unchanged. And the interest statement issued by the bank stated...

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The Swiss National Bank raises interest rates by 25 basis points
Foreign currency
image 22 June، 2023

 The Swiss National Bank raised interest levels by 25 basis points, as expected at its second meeting of the current year, which ended moments ago, from 1.50% to reach 1.75%, after raising them by 50 basis points at its first meeting in March, in the bank's endeavor to address persistent inflationary pressures. The bank's interest statement stated that additional interest...

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Markets await Jerome Powell’s testimony and Canadian retail sales are rising
Foreign currency
image 21 June، 2023

The general index of the US dollar records increases by about 0.15% and trades at 102.27 levels in the middle of the European session today, Wednesday, June 21st, moments before the opening of the US markets, amid anticipation of a hearing session of US Federal Council Chairman Jerome Powell before the House Financial Services Committee, the semi-annual certificate, which is...

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UK inflation at 8.7% ahead of the Bank of England meeting
Foreign currency
image 21 June، 2023

 The consumer price index in Britain, concerned with measuring inflation, grew by 8.7% in the 12 months ending in May, the same reading as April, according to figures issued by the UK Statistics Office ONS a moment ago, while expectations were for a slowdown by 8.4%, while inflation rose on a monthly basis by a rate of 8.4%. 7.7% in...

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