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Fundamental analysis

US retail sales rise in June better than expectations and the US dollar is heading for weekly gains
Foreign currency
image 16 July، 2021

The data released this evening, Friday, July 16, from the US Department of Commerce, showed an increase in US retail sales better than the market expectations in June, as sales rose by about 0.6% in June, after declining by about 1.7% in the revised May reading, while expectations indicated that it would be recorded. A decline of about 0.4%, core...

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The Bank of Japan lowers its growth forecast for this year and raises its inflation forecasts
Foreign currency
image 16 July، 2021

The Bank of Japan, in its meeting this morning, Friday, July 16, decided by a majority of eight members to zero, with one abstention, to extend the financing program period for a new six months until the end of March 2022, and the Bank decided by a majority of 7-1 with one abstention to maintain the current negative interest rates....

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Inflation rises in New Zealand in the second quarter by 1.3%
Foreign currency
image 16 July، 2021

Quarterly inflation in New Zealand recorded a growth in the second quarter of this year ending last June, according to Statistics New Zealand, by 1.3% compared to the same period last year, and compared to 0.8% in the first quarter, exceeding expectations that indicated a decline to 0.7%. In details, the largest contribution to the increase in the New Zealand...

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Oil returns for the second consecutive session
Oil markets
image 15 July، 2021

Crude prices are recording declines for the second consecutive session in the middle of the trading session today, Thursday, July 15 (July), with the rise in concerns about global demand for oil and the rise in speculation about the future of the OPEC + deal. International news had reported yesterday evening that Saudi Arabia and the UAE had reached a...

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China’s economy grows less than market expectations, retail sales rise
Foreign currency
image 15 July، 2021

The gross domestic product (GDP) in China, the second largest economy in the world, recorded a growth of about 7.9% in the second quarter of this year, according to data released this morning, Thursday, July 15th from the National Bureau of Statistics, compared to a growth of about 18.3% in the first quarter and less than the expectations of the...

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Unemployment drops to 4.9% in June in Australia and the economy adds about 29,000 jobs
Foreign currency
image 15 July، 2021

Data released this morning, Thursday, July 15 (July) in the Asian session from the Australian Bureau of Labor Statistics, showed that the unemployment rate fell to 4.9% in June, compared to 5.1% in May, to come better than the market expectations that indicated its stability at May rates, while the economy added About 29.1 thousand jobs in June, compared to...

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Bank of Canada cuts the pace of bond purchases, keeps interest rates
Foreign currency
image 14 July، 2021

The Central Bank of Canada decided at the bank’s meeting today, Wednesday, July 14, to keep the current interest rates at 0.25% unchanged, as expected, while the bank decided to reduce its purchases of bonds from 3 billion Canadian dollars per week to 2 billion Canadian dollars, in a clear indication from the bank that the economy Al-Kindi is going...

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US stocks turn red at the close, Goldman Sachs and JP Morgan post better-than-expected profits
Market Indicators
image 14 July، 2021

US stock indices recorded declines at the close of the trading session on Tuesday, July 13 (July 13), as the S&P 500 and Nasdaq lost gains at the beginning of the session, and recorded new records, to acquire the red color at the close, amid market anticipation for the testimony of US Federal Reserve Chairman Jerome Powell today, Wednesday. Inflation...

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New Zealand’s reserve suspends additional asset purchase program and the New Zealand dollar rises
Foreign currency
image 14 July، 2021

The Reserve Bank of New Zealand, in its meeting on the morning of Wednesday, July 14, kept the current interest rates unchanged at 0.25%, as expected, and announced the suspension of the additional LSAP asset purchase program of NZ$100 billion ($70 billion) by the 23rd. July 2021. The report issued by the bank showed that the New Zealand economy is...

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US inflation exceeds expectations in June and records the largest reading since 2008 and the dollar is rising
Foreign currency
image 13 July، 2021

Data issued by the Bureau of Labor Statistics in the United States of America showed an increase in the consumer price index, which measures inflation by 0.9% in June, after rising by about 0.6% in May, exceeding expectations that indicated it would rise to 0.5%, recording the largest pace of increase since June 2008, while the index rose By about...

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