Recent content by Walid Salah Eldin

PBOC decided in the beginning of the new week to resume its easing track lowering its yearly (LPR) by 0.1%, while the consensus was referring to 0.15% to be now 3.45% keeping in the same time its (LPR) unchanged at 4.20%. The decision comes, after PBOC indicated during the weekend that “China...

Yes they could not capitalize on the tightening as they did on easing they used to live in before that shock. Anyway, it is good to see that they detected that tightening is also hurting the banking sector as easing was driving it to go far in meaningless investments such as game stop crisis...

you know that having an impact by fiscal policy decision takes longer time. They are focusing on the deposited grantees and the FIDC. I see that it is wasting of time and can not solve a problem can grown up like that and have very high price. The banks were not active enough to react to the...

God willing, We are ahead of next for awaited meeting of the FOMC member this week, after increasing worries about the banking sector efficiency in US, after the vcb’s collapse, assuming deposits of Signature Bridge Bank by a subsidiary of New York Community Bancorporation to prop it up and the...

We are ahead of new Interest rate decision in US and it not 100% priced in. Before the silence of the FOMC members, we had seen St. Louis Federal Reserve's President James Bullard saying that US interest rates have to rise further to ensure that inflationary pressures recede. I think is going to...

After it could reach 93.7$ on OPEC+’s cut by 2m bpd, WTI came again under pressure trading now near 86$ on continued worries about the global economic outlook and the demand for oil. While the Fed is still appearing on its same track of tightening for fighting the inflation persistence. As...

Oil prices opened the first session of this new month and quarter on upside gaps, before adding more gains during this session on rumors about OPEC+ mulling of new oil production cut can reach 1m bpd, after last month first cutting decision since Covid-19 crisis by only 100k has started to be in...

Nikkei 225 came under pressure following better than expected Q1 flash figure has shown yearly contraction by only 1% while the consensus was referring to shrinking by 1.8%, after 4.6% yearly expansion in Q4 has been revised down to only 3.8%. The index capitalized on the figure send its up...

The US equities market is still possessed by Q3 robusting earning but this earning was on peak of inflation yearly rates, threatening the demand and alarming of close by tightening action to curb inflation and boost cost of borrowing by USD. As what has been mentioned recently by the Fed’s vice...

8th June 2021 – Fed’s step forward, Fed’s step back Fed - Labor - Inflation - Fed The Fed’s still stray between curbing the prices and the labor market needs for cheap money. We have seen the May US labor report showing adding of only 559k out of the farming sector, with average earning...

The Equities markets are still trying to live with the current higher UST yields which weigh down on the investing spending. UST 10yr yield ended last year close to 0.95%, before the run to the current level above 1.60% which has been sparked by the Democratic winning of US Senate runoff for...

The single currency is still depressed by the ECB’s worries about its appreciation in the beginning of this year which drove it 1.235 versus the greenback sparking criticizing against this unreasonable appreciation negative impact on the current struggling inflation forces and the exporting...

The Greenback is still boosted by the rising of UST yields which has been underpinned by unexpected increasing of the wages inflationary pressure in December. After Dec US labor report has shown average hourly earnings for all employees on private nonfarm payrolls rising by 23 cents to $29.81...

The dovish market sentiment is still persisting on increasing worries about the global economic recovery amid ramping up of corona virus cases across the globe. After US scored new daily high cases above 300k, while the rollout vaccination is still running slower than expected dampening the...

The US major equities indexes are still close to their all-time highs and the oil prices are boosted by higher hopes for faster growth to come next year following the positive vaccination news and the new governmental relief which is looking now nearer than ever. S&P 500 is trading now close...