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Showing posts from January, 2019

US stocks ended the second session of the week and the first session of this year is positive on Wall Street

NEW YORK (Reuters) - US stocks ended the second trading session of the week after a tumble in trading on Tuesday due to a year-long green holiday following losses in the early trading session as tech stocks led the energy sector to rally on Wall Street before we saw a cut. Apple's forecast for fourth-quarter earnings after the session lengthened this as a result of weak sales in China.


Otherwise, we followed the US economy's final reading of Markit Industrial PMI, which showed a contraction of 53.8 from the previous December reading and 53.9 versus 55.3 in November. With the partial closure of the US government in the second consecutive week.


We would like to point out that US President Donald Trump confirmed earlier today that he will not relinquish the need to agree to finance his country's border wall with Mexico to stem the flow of illegal immigration of the United States, while expressing his willingness to reach an agreement with Democrats in Congress to end the par…

Wall Street opens positive session amid optimism about ongoing trade talks between Beijing and Washington

NEW YORK (Reuters) - US stocks opened their second trading session this week on green for the third consecutive session on Wall Street following economic developments and data followed Tuesday by the world's largest economy and coinciding with the ongoing trade talks between Washington and Beijing at the level of China's deputy trade ministers The world's largest economy.


The US economy released a statistical reading on employment and employment turnover, which showed a drop to 6.89 million from 7.13 million in October, worse than forecasted at 7.07 million. This came hours after the release of labor market data, Unemployment for the first time in four months to 3.9% compared to the previous reading for November and expectations of the lowest since 1969 at 3.7%.


In the same vein, the average hourly earnings reading last Friday showed growth accelerated to 0.4% from 0.2% in November, above expectations of 0.3%. The Non-Farm Sector Job Change Index showed faster job creatio…

Wall Street ended the week's first negative session with technology stocks leading losses

NEW YORK (Reuters) - US stocks ended the first trading session of the week on red in red as technology shares led losses on Wall Street on Monday amid a lack of economic data earlier this week by the US economy and with the launch of the business season disclosure season for major banks and companies Which is the nerve center of the world's largest economy.


Citigroup's results showed a drop in non-forecast earnings, boosting investors' concerns about the slow pace of global economic growth, especially after China's trade balance data showed the world's second-largest economy, pointing to a drop in imports and exports last month, To the US federal government for the fourth consecutive week.




US President Donald Trump said earlier today that China wanted to continue trade negotiations, adding that his administration was confident of a trade agreement in favor of the United States with China, adding that his administration rejected the proposal of Senator Graham to en…

Building wealth via forex trading

THE notion that foreign-exchange (forex) trading requires a large capital and involves plenty of risks is a misconception. While it is true a budding trader without full understanding of the complexities of forex trading may need a huge fund to jump-start their venture, that is not the case for people who know what they are doing and have the know-how in managing their risk safely.
JustForex, a foreign-exchange broker providing services in 197 countries for many years, said forex trading does not require intensive trading on the open market to learn the intricacies of the trade. What is important is a comprehensive training and mentoring, which could be done using available tools online, they said.
JustForex said there are online tutorials, as well as workshops, seminars and training programs designed by experts to teach aspiring traders, experienced traders and novice traders procedures on the right path to success.






It added the rise in Internet use has also opened more doors for fo…

iRaiser brings new fundraising tech to UK

iRaiser, Europe’s leading fundraising software company for charities and non-profits, has expanded to the UK.
iRaiser’s white label solution is fully customisable and includes online donation, peer-to-peer, event fundraising, crowdfunding, advocacy, marketing automation and CRM. It uses a number of algorithms developed by four PhD experts to improve the conversion rate and average donations made.
The company, which works with 450 organisations including WWF, the Red Cross, Doctors Without Borders, the Louvre and Unicef, has already partnered with the UK’s The Salvation Army and Shelter. It supports both organisations in developing and delivering engagement campaigns for its fundraising initiatives.









Working with The Salvation Army, iRaiser has increased online donations by 20% for its Christmas fundraising campaign and has also supported Shelter in a variety of fundraising campaigns.
iRaiser does not take a percentage of donations or anything from Gift Aid. This, together with how iRa…

Understanding forex basics: Resistance and support

Support and resistance explained One of the most foundational aspects of technical analysis is support and resistance levels. These levels are key as they offer traders obvious places to limit and define their risk. There also represent places that price should not go if a trader has correctly analyzed their trade.
Take your trading to the next level
These places are defined by support and resistance levels. Once a trader has decided which currency pair is suitable for trading the next decision is where and how to make your entry. This article will consider three key areas of Support and Resistance that traders use as part of their technical analysis in order to make that decision.
Horizontal Support and Resistance
Arguably the most widely followed aspect of technical analysis is horizontal support and resistance levels. Horizontal support and resistance levels are key market levels where price has shown reaction in the past.
As price moves towards those levels, at which price has re…

Forex Education

The simple answer is money / currencies. Forex trading is the simultaneous purchase of a currency and the sale of another currency. Currencies are traded through a broker or trader, and are traded in pairs, for example EUR, USD, or GBP and JPY.



Because you do not buy anything physical, this kind of trade can be confusing. Consider buying a currency as a share purchase in a particular country. When you buy, to say the Japanese yen, you actually buy a share in the Japanese economy, as the currency price is a direct reflection of what the market thinks about the current and future health situation of the Japanese economy. Thus, in general, the exchange rate of the currency against other currencies is a reflection of the state of the economy in this country, compared to the economies of other countries.


Currency prices are determined by a number of factors, the most important being the economic and political conditions in the exporting country. Political stability, inflation and interest…

The US dollar is resuming its losses ahead of key US inflation data

The US dollar fell on the European market on Friday against a basket of global currencies to resume its losses, which were temporarily suspended yesterday in the breath taking, again approaching the lowest level in three months, this comes under pressure weak prospects of raising interest rates this year, and for Re-evaluation of those prospects Investors will be looking at key US inflation data later in the day in December.


The dollar index fell by 0.3% to 94.77 points, where the opening level of trading today at 95.03 points, the highest level at 95.08 points.


The index finished yesterday's trading up by 0.4%, reversing from a three-month low of 94.62 points recorded earlier in the session.


The index fell more than 1% this week, posting its fourth consecutive weekly loss, the longest losing streak since December 2017, as US interest rates fell this year.


With the weak economic data in the United States, a sign that the world's largest economy is slowing down in the fourth q…

The US dollar is resuming its losses ahead of key US inflation data

The US dollar fell on the European market on Friday against a basket of global currencies to resume its losses, which were temporarily suspended yesterday in the breath taking, again approaching the lowest level in three months, this comes under pressure weak prospects of raising interest rates this year, and for Re-evaluation of those prospects Investors will be looking at key US inflation data later in the day in December.


The dollar index fell by 0.3% to 94.77 points, where the opening level of trading today at 95.03 points, the highest level at 95.08 points.


The index finished yesterday's trading up by 0.4%, reversing from a three-month low of 94.62 points recorded earlier in the session.


The index fell more than 1% this week, posting its fourth consecutive weekly loss, the longest losing streak since December 2017, as US interest rates fell this year.


With the weak economic data in the United States, a sign that the world's largest economy is slowing down in the fourth q…

Gold is making its fourth consecutive weekly gain and eye on US inflation data

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LONDON (Reuters) - Gold prices rose in Europe on Friday, resuming gains that were temporarily halted yesterday for the fourth consecutive weekly gain, supported by the US dollar against a basket of world currencies affected by the weakness of the possibility of raising US interest rates this year. Investors later in the day released key inflation data in the United States.


Gold prices rose by 0.5% as of 0835 GMT to trade at $ 1,293.05 per ounce from the opening level of $ 1,286.53 and recorded the highest level of $ 1,295.14 and a low of $ 1,286.50.


Gold prices lost 0.5% on Thursday, after the recovery of the US currency levels, and the previous day rose by 0.6%.


Over the course of the week, gold prices so far rose by 0.6%, making their fourth consecutive weekly gain, among the longest weekly gain since late September, supported by weak US dollar and strong demand for safe haven assets.


The dollar index fell by 0.2% on Friday, resuming its losses, which were temporarily suspended yes…

6 sectors led by real estate boost index movement Saadi: Investors are optimistic about second-quarter results

The index of the Qatar Exchange ended yesterday's session for the fifth session in a row; supporting the growth of 6 sectors led by real estate, and the stock market gains of 14.3 billion riyals, where the capitalization of shares from 487.2 billion riyals at the close of Tuesday's meeting to 501.5 billion riyals at the end of trading yesterday .
 The general index rose 0.50% to 9188.16 points, gaining 45.88 points from Monday's levels. Trading rose by 278.78 million riyals compared to 273.06 million riyals on Monday. Trading volume increased to 12.10 million shares from 8.35 million Shares in the previous session.
Real Estate was the top gainer with a 1.97% increase, supported by the growth of the four sectors. Mazaya gained 4.2%. The industrial sector gained 0.53%, while 8 of the 9 stocks in the sector rose, led by 4.40%, and banks rose 0.48% , While the share of the shares rose by 3.60%, with the rise of the national leadership 0.52%. On the other hand, the transportat…

The bourse closes 0.7% lower at EGP 817 million

The EGX30 index closed 0.71% lower at 13121.1 points. The EGX30 index was down 0.56% at 2155.2.
The EGX70 index was down 0.17% to close at 676.48 points. The EGX20 index shed 0.85% to close at 13138.71 points. The broader EGX100 index was down 0.32% at 1695.1.
The market recorded trading value of EGP 816.93 million, with 193.21 million shares changing hands, with 22.62 thousand buying and selling transactions. The shares of 170 listed companies were traded, 53 shares advanced and 83 declined, while 34 others , To settle the market capitalization of shares at the level of 746.25 billion pounds, losing about 3 billion pounds during the session.
On the other hand, the net transactions of Egyptians are net buyers, recording EGP 1.07 billion, buying 69.71% of total buy and sell trades. Meanwhile, net buyers and sellers are net sellers, recording EGP497.4 million and EGP 568.9 million respectively, , 16.22% of the trading.


NEW YORK (Reuters) - Oil fell about 2 percent on Friday as investor…

Oil prices fall more than a dollar a barrel but are heading to end the week on gains

LONDON (Reuters) - Oil prices fell nearly 2 percent in trading on Friday, but are heading towards ending the week on gains after a rally in financial markets backed by hopes that the United States and China could soon find a solution to their trade dispute.
Earlier in the session, a drop in crude supply following OPEC-led output cuts helped push prices up to 1 percent for each of the benchmark crude, but concerns about the global economy are holding back crude markets.
Brent crude <LCOc1> fell $ 1.13 to $ 60.55 a barrel by 1440 GMT, while US WTI crude fell $ 1.30 to $ 51.31 a barrel.
The crude cut losses to 1.5 percent later.
Analysts attributed the decline in oil prices today to profit-taking after the gains recorded earlier this week.



The EGX70 index was down 0.17% to close at 676.48 points. The EGX20 index shed 0.85% to close at 13138.71 points. The broader EGX100 index was down 0.32% at 1695.1.
The market recorded trading value of EGP 816.93 million, with 193.21 million sha…

US consumer prices record the first decline in 9 months

WASHINGTON (Reuters) - Consumer prices in the United States fell for the first time in nine months in December as gasoline fell, but core inflationary pressures remained strong as rents and health care surged.
The US Labor Department said Friday its consumer price index fell 0.1 percent last month, the first drop and the weakest since March. The CPI did not change in November. In the 12 months to December, the consumer price index rose 1.9 percent after rising 2.2 percent in November.
The December inflation reading is in line with economists' expectations. The Federal Reserve, which targets inflation at 2 percent, follows a different measure, the personal consumption price index, to make monetary policy decisions.
The core consumer price index rose 1.9 percent year-on-year in November after rising 1.8 percent in October. The index stood at 2 percent in March for the first time since April 2012.
A sharp drop in oil prices, amid a surplus in supplies and slowing global economic gro…

Kim Jong Kim, the World Bank president, is stepping down

The World Bank said its chairman, Jim Young Kim, who was at odds with Trump's climate change policies, would resign as of Feb. 1, more than three years after his term ends.
Kim, 59, a doctor and public health defender, was nominated by former US President Barack Obama for his first and second term. Kim supported green energy project financing and largely dropped support for coal energy investments, but avoided public confrontations with Trump.
According to two exporters familiar with Kim's announcement to the World Bank's Executive Board, he will leave on his own and "was not paid out" by Trump.






In any case, the US president will work hard to influence the choice of Kim's successor because the United States has a large share of the right to vote in the World Bank.
Traditionally, the President of the Bank has always been an American chosen by the US Administration.
Kim plans to immediately join an institution focusing on increasing infrastructure investment i…

The sharp drop in Wall Street shares has weighed on Saudi banks

SAUDI ARABIA (Reuters) - Saudi shares rebounded on Sunday after a sell-off in the banking sector when banks announced an agreement with the General Authority for Zakat and Income (Zakat) to settle a dispute over the increase in liabilities.
Sentiment in the Gulf was hurt by Wall Street's sharp fall on Friday as global markets were hit by a US government shutdown.
Saudi Arabia's stock index fell more than 2 percent and by 7:30 GMT was down 1.6 percent. However, it reduced the closure losses to 0.3 per cent. Al Rajhi Bank, which lost up to 5.7 per cent in early trading, recovered to close 1.2 per cent.
"Even if banks have deviated from the appropriate provisions for taxes, zakat, which have not been settled, a large amount of cash comes out of the banks' budgets," said Tariq Qaqish, asset manager at Minacorp Financial Services in Dubai.
More:
Saudi stocks continue to decline despite support from government funds
Foreigners' sales of Saudi stocks have fallen in…

Dubai stock market falls to its lowest level in more than five years

The Dubai bourse fell to its lowest level in more than five years on Thursday, as property stocks continued to fall, while weak oil prices weighed on the Saudi market.
Oil has fallen about 5 percent after OPEC hinted it might agree to cut output less than expected, amid concern over the economic impact of trade tensions, which has hurt global stocks.

The Dubai index fell 2 percent, its lowest level since September 2013, with Emaar Properties, the emirate's largest real estate developer, down 4.3 percent. Emaar has lost a third of its value this year.
Amir Badran, an analyst at Naim Brokerage, said the oversupply in Dubai's real estate market had become more apparent during the second half of the year and was unlikely to dissipate soon.

Property prices fall in Dubai Property prices in Dubai fell 7.4 percent year-on-year in the third quarter, accelerating from a 5.8 percent drop in the previous quarter, the central bank said in a report on Tuesday.
Union Properties lost 9.9 per…

Gulf, Egyptian and Gulf markets are losing $ 130 billion as oil prices fall

Saudi Arabia's stock market led declines on most of the Gulf bourses on Sunday after oil prices fell about 8 percent at the end of last week, while concerns about new results to regulate the work of banks from the Egyptian stock exchange.
London's Capital Economics estimated last week that a drop in the price of Brent crude from $ 85 a barrel in early October to less than $ 65 wiped out $ 130 billion in Gulf oil revenues on an annualized basis, equivalent to 9 percent of output Gross Domestic Product.
The financial reforms of the last few years will allow most governments to continue to spend more on economic growth next year, and they are not facing a balance of payments crisis.
Brent price declines But Brent fell at $ 58.80 a barrel on Sunday and if it stays close to that level, governments may be more cautious about spending and may borrow more, which will squeeze liquidity in banking systems. Entrepreneurs may become less willing to invest in the long term.

Saudi Arabia&#…

Gulf bourses rise as US stocks rebound and oil prices recover

The Saudi stock market and other Gulf stock markets rose on Thursday, with Wall Street recovering strongly on Wednesday, and Brent crude surged below $ 50 a barrel, boosting investor sentiment. Saudi Arabia's main index rose 0.5 percent, with Al Rajhi Bank up 1.1 percent. Riyad Bank rose 1.3 percent, gaining gains for a fourth consecutive session. The stock was boosted by news of merger talks with National Commercial Bank (NCB), the kingdom's largest lender by assets, which fell 0.3 percent.
Shares in SABB rose 1.4 percent after the bank's board of directors proposed a cash dividend of one riyals per share for the second half of the year, up from 0.96 riyals a share for the first half.

Samba Financial Group rose 1.7 percent after the group proposed a cash dividend of one riyal per share over the same period.
Saudi cable shares rose 3.4 percent, the most in a month, after jumping the daily maximum of 10 percent in the previous session. The company said on Wednesday it had …

US to end 2019 inflation rate 1.9%

WASHINGTON, Jan. 11 (Xinhua) - The US consumer price index fell 0.1 percent in December, bringing the annual inflation rate to 1.9 percent, the government said on Tuesday.


The United States ended in 2017 with an inflation rate of 2.1%.

On the other hand, the core inflation rate - which excludes the most volatile commodities such as energy and food - has not changed and closed the year at 2.2%.


The fall in prices in December was the first in nine months.


Energy prices fell by 3.5%, driven by a 7.5% drop in gasoline prices, while food prices rose 0.4%. (EFI).


ISTANBUL (Reuters) - Turkey's current account surplus stood at $ 986 million in November, as economic activity continued to slow and import prices surged due to a steep lira depreciation last year, central bank data showed on Friday.


The current account balance was a major concern for investors, where for a long time it was a deficit, making the economy dependent on external inflows with speculation to finance the deficit.



Nov…

US consumer prices fell in line with expectations

NEW YORK (Reuters) - US stocks opened the second trading session of the week on green in contrast to previous sessions as technology stocks led gains on Wall Street on Tuesday after economic developments and data followed by the US economy, the world's largest economy, In Washington today and Wednesday.


The US housing market, which showed a rise in construction starts and construction permits, showed a rise of 3.2% to 1.256 thousand homes, down 1.6% from 1,217,000 in October. On expectations that showed stability at zero levels at 1,228 thousand homes.


In the same context, the Building Permits Index showed a rise of 5.0% to 1,328K compared to 0.4% at 1,265K in October, in contrast to expectations of a 0.4% drop at 1,260K. The Federal Committee amid expectations that monetary policy makers in the Fed will move forward in tightening monetary policy.




At 4:04 pm GMT, the broader S & P 500 index was up 0.37% to 9.50 points to 2,562.00 points. The Dow Jones Industrial Average <.…

US stocks are trading in negative territory with the technology sector leading the losses

US stocks opened last week for a mixed performance as negative technology stocks led the losses in both the Nasdaq Composite Index and the Standard & Poor's 500 Index, while the Dow Jones Industrial Average was positive following developments and economic data The world's largest economy.


The US economy reported the final reading of GDP for the third quarter, which showed the world's largest economy expanded 3.4% from the previous reading and expectations of growth of 3.5%, compared with growth of 4.2% in the second quarter, while the final reading of GDP The price index expanded by 1.8% compared to the previous reading and expectations of growth of 1.7%, compared with 3.0% growth in the second quarter.


This came in tandem with the Durable Goods Index, which accounts for almost half of consumer spending, which accounts for more than two-thirds of US GDP, which rose 0.8% from 4.3% in October, below expectations for a 1.6% rise. The core reading of the index itself show…

Wall Street ended the week's last trading session on declines of about two percent for the third session in a row

US stocks ended the week's red session for the third consecutive session to reflect a 17-month low and its worst weekly performance since 2011 in the shadow of Wall Street's extended sell-off amidst technology sector losses and following developments and data Economic growth, followed by the largest economy in the world.


The US economy reported the final reading of GDP for the third quarter, which showed the world's largest economy expanded 3.4% from the previous reading and expectations of growth of 3.5%, compared with growth of 4.2% in the second quarter, while the final reading of GDP The price index expanded by 1.8% compared to the previous reading and expectations of growth of 1.7%, compared with 3.0% growth in the second quarter.


This came in tandem with the Durable Goods Index, which accounts for almost half of consumer spending, which accounts for more than two-thirds of US GDP, which rose 0.8% from 4.3% in October, below expectations for a 1.6% rise. The core rea…