Brief Overview of Key Economic Events from Last Week
Last week, several important economic developments occurred across major economies. In the United States, unemployment claims dropped to 221,000, which was lower than expected, but the unemployment rate increased to 4.1%, higher than both expectations and the previous reading. Oil inventories saw a significant rise of 3.614 million barrels. Other economic indicators showed improvements in […]
USD/JPY hits lowest level since October 2024: Key drivers behind the decline
The USD/JPY pair reached 147.30 yesterday, its lowest level since October 8, 2024, and is currently trading near the 147.50 level. The pair has declined by approximately 6% since the beginning of the year. Negative momentum appears to dominate the upcoming phase due to several fundamental and technical factors. Fundamental Factors: PMI Data: The manufacturing […]
Ripple’s strong performance compared to Bitcoin and Ethereum since the beginning of the year
The cryptocurrency market is known for its high volatility, but recent weeks have witnessed even sharper fluctuations, especially following Trump’s announcement last Sunday about establishing a U.S. strategic reserve of cryptocurrencies, which includes Cardano, Solana, Ripple, Ethereum, and Bitcoin. This move signals his strong support for the industry. Notably, for the third consecutive week, there […]
Key Economic Factors Impacting the Euro
The EUR/USD pair rose to 1.0628 yesterday, marking its highest level since December 6, 2024, after trading in a sideways range between the support level of 1.0200 and the resistance level of 1.0500 over the past three months. The factors pressuring the euro: Expected ECB Rate Cuts: The European Central Bank (ECB) is expected to […]
Market Uncertainty Fuels Gold Rally: Will It Continue?
Gold prices reached an all-time high of $2,956 last week before retreating to $2,833 on Friday, February 28, 2025, marking a decline of approximately 4%. This drop is likely due to a correction and profit-taking by investors, which is considered a healthy movement, especially as gold prices approached the highly anticipated psychological barrier of $3,000. […]
Overview of Key Economic Events from Last Week
Last week saw the release of several significant economic data points worldwide. In the United States, jobless claims rose to 242K, exceeding expectations, while durable goods orders showed strong growth of 3.1%, the highest level in six months. Meanwhile, U.S. crude oil inventories declined by 2.332 million barrels, and the Consumer Confidence Index saw a […]
Weakening U.S. Dollar Amid Declining Bond Yields and Weak Economic Indicators
After reaching its highest level this year at 110.17 points on January 13, 2025, the U.S. Dollar Index, which measures the dollar’s performance against a basket of six currencies, has declined to 106.12 points over the past two days, marking its lowest level since December 10, 2024—a drop of approximately 4%. Currently, the index is […]
The Turkish lira at its lowest levels as the central bank continues its monetary easing policy
The USD/TRY exchange rate reached 36.5325 on Friday, February 21, 2025, marking its highest level ever. The price is currently hovering around 36.5000 lira per dollar. The Turkish lira has depreciated by approximately 4% since the beginning of the year, and forecasts indicate continued weakness in the coming period. Recent economic data from Turkey suggest […]
Overview of Key Economic Events from Last Week
Last week, several economies around the world released significant economic data. In the United States, the Empire State Manufacturing Index increased, while the number of unemployment claims rose slightly. The Philadelphia Manufacturing Index declined, while U.S. oil inventories increased. On the other hand, the Consumer Confidence Index and the Services PMI both showed a decline. […]
Anticipating Trump’s Policies and Their Impact on Bitcoin and Cryptocurrencies
After reaching a record high of $109,356 on January 20 this year, Bitcoin later declined to $90,000 on February 3, 2025, and is currently hovering around the $98,000 level. Current Bitcoin Movement Bitcoin has been trading sideways for the past two weeks, fluctuating between $93,000 and $100,000, searching for a clear direction, whether upward […]
