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Fundamental Analysis

US stock indices rose mostly at the opening of trading on Monday - the first session of the week - as the markets continued to evaluate the recently issued monetary policy data.

It should be noted that "Wall Street" incurred heavy losses last week as a result of concerns about a possible economic recession.

This came after the Federal Reserve's statement last week, which hinted at further rate hikes, after its decision to raise it by 75 basis points for the third time in a row.

In terms of trading, by 13:52 GMT, the Dow Jones Industrial Average fell 0.2% (about 60 points) to 30530 points, and the broader S&P 500 rose by 0.1% (about 5 points). ) to 3698 points, while "Nasdaq" rose by 0.8% (equivalent to 90 points) to 10,958 points.

...Read More... 2022-09-27 05:45:05

Gold prices fell during trading today, Monday, amid a continuous rise of the dollar against most major currencies, as well as investors' demand for the US currency as a safe haven in the face of recession fears and inflationary pressures.

It should be noted that "Wall Street" incurred heavy losses last week as a result of concerns about a possible economic recession.

This came after the Federal Reserve's statement last week, which hinted at further rate hikes, after its decision to raise it by 75 basis points for the third time in a row.

On the other hand, the dollar index rose by 16:48 GMT by 0.7% to 114.03 points, and recorded the highest level at 114.5 points and the lowest level at 112.9 points.

In terms of trading, the spot contracts for gold decreased by 16:48 GMT by 1.1%, or the equivalent of $18.6, to $1637 an ounce.

 

...Read More... 2022-09-27 05:43:58

The British pound fell against the dollar during trading on Monday, hitting its lowest level ever, in light of investors' concerns about the United Kingdom's economic plans.

Investors are watching the new British government's plans, which may hurt UK finances, at a time when the Bank of England is closely following financial markets after a sharp collapse in asset prices.

Last week, British Chancellor of the Exchequer Kwasi Quarting announced a historic tax cut that will be funded by large increases in borrowing, the largest since 1972.

In terms of trading, the pound fell against the US dollar by 17:40 GMT by 1.7% to 1.0668, and recorded its lowest level today at 1.0349, the lowest ever.

dollar

The dollar index rose by 16:48 GMT by 0.7% to 114.03 points, and recorded the highest level at 114.5 points and the lowest level at 112.9 points.

This came after the Federal Reserve's statement last week, which hinted at further rate hikes, after its decision to raise it by 75 basis points for the third time in a row.

 

...Read More... 2022-09-27 05:42:50

Oil prices fell during trading today, Monday, to its lowest level in nine months, amid a volatile session, in light of the rise of the dollar against most of the major currencies, and the markets awaited more details about the sanctions against Russia.

“Brent” contracts for November delivery fell by about $1.09, or 1.3 percent, to $85.06 a barrel by 15:58 GMT, after hitting the lowest price in the session at $84.51 a barrel, the lowest since 14 January.

And US “NYMEX” crude futures for November delivery fell 1.1%, or 90 cents, to $ 77.21 a barrel, the lowest level since January 6.

On the other hand, the dollar index rose by 18:37 GMT by 0.7% to 114.03 points, and recorded the highest level at 114.5 points and the lowest level at 112.9 points.

 

...Read More... 2022-09-27 05:40:25

US stock indices fell at the close of trading on Monday, deepening their losses in light of growing fears of a recession.

The yield on two-year US Treasuries rose to the highest level since 2007, exceeding 4.3%, while the yield on 10-year Treasuries rose above 3.8%.

It should be noted that "Wall Street" incurred heavy losses last week as a result of fears about a possible economic recession, and the Dow Jones recorded today its fifth consecutive daily loss.

This came after the Federal Reserve's statement last week, which hinted at further rate hikes, after its decision to raise it by 75 basis points for the third time in a row.

At the end of the session, the Dow Jones Industrial Average fell by 1.1% (equivalent to 330 points) to 29,261 points, and reached the highest level at 29,630 points and the lowest level at 29,161 points.

The broader "S&P 500" declined by 1% (equivalent to 38 points) to 3,655 points, and reached the highest level at 3715 points, and the lowest level at 3,644 points.

"Nasdaq" fell by 0.6% (equivalent to 65 points) to 10803 points, and reached the highest level at 11,1024 points and the lowest level at 10,789 points.

 

...Read More... 2022-09-27 05:39:13