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Fundamental analysis

The yellow metal settles above the $1800 levels, in anticipation of the US Federal Reserve meeting
metals
image 26 July، 2021

The yellow metal is trading on highs with the beginning of the trading session of the European session today, Monday, July 26 (July), by about 0.32%, and trading at levels of 1807 dollars per ounce, benefiting from the decline of the US dollar by about 0.15%, amid anticipation in the markets for the US Federal Reserve meeting next Wednesday. Markets...

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Cryptocurrencies are making strong gains, and Bitcoin is approaching the $40,000 level
Digital currencies
image 26 July، 2021

Cryptocurrencies are recording strong gains at the beginning of the trading week today, Monday, July 26, as most of them recorded increases of more than 10% during today’s trading, with the addition of about $114 billion in the combined market value of the cryptocurrency market, according to Coinmarketcap.com data. And Tesla CEO Elon Musk announced last week at the World...

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Canadian retail sales fall in May
Foreign currency
image 23 July، 2021

Retail sales in Canada declined by 2.1% in May to $53.8 billion, according to data released Friday evening, July 23 (July 23), as the sector was affected by the closure due to the third wave of the Corona virus, as sales fell in eight of 11 sub-sectors representing about 65.6% of retail trade in Canada. Core sales, excluding petrol stations,...

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Eurozone services PMI at its highest level in 15 years
Foreign currency
image 23 July، 2021

The Services Purchasing Managers' Index (PMI) issued by the PMI today, Friday, July 23, recorded its highest level in July in the preliminary reading since June 2006 to 60.4 points, compared to 58.3 in June, exceeding expectations that indicated a rise to 59.4, supported by the reopening of the eurozone economies, as it came The manufacturing index matched expectations at...

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The European Central Bank maintains its monetary policy and the euro is falling from its highest levels
Foreign currency
image 23 July، 2021

The European Central Bank decided in its meeting on Thursday, July 22nd, to keep its monetary policy unchanged and to keep the interest rates on major refinancing operations at the current zero levels, at 0.25% on marginal lending and at -0.50% on deposit facilities. \The European Central Bank confirmed that it will maintain low interest rates until inflation reaches the...

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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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