Dear followers everywhere, welcome to a new analysis of the most important reports presented by the Banker Research Unit throughout the day, Sunday, November 17, 2024.
Banker platforms presented a number of very important reports today, the most important of which was a very important report on the fate of the global gold market and the dangerous development after global hedge funds abandoned the yellow metal with the increasing strength of the US dollar after Trump won the presidency of the United States of America.
The report explained that gold is a safe and secure investment, and no matter what happens, there is no loss, but at the same time, we must know that it is a long-term investment. This means that if you want to make a profit, you should be patient for 3 to 5 years before you think about selling gold. This is because the market fluctuates every little bit, but in the long term, gold takes a trend. Go up and don’t lose..
Banker explained that during the last hours, hedge funds’ bets on the rise of gold declined to their lowest level in more than 3 months after Donald Trump’s victory in the US presidential elections. This means that the demand for the precious metal will decrease as it is considered a safe haven and therefore its prices will fall again.
Banker pointed out that political and economic risks were behind the rise of gold in the recent period, and that the markets were afraid of an economic recession, but with the availability of strong readings of American economic indicators, fears of a recession in America have faded.
The report indicated that regarding concerns about geopolitical tensions in the Middle East, Trump promised to work to end the war in the region, and that his interest would be greater in the American economy.
The next report presented by the Banker Research Unit was regarding the energy file in Egypt and the country’s plan to transform into a regional energy center
The report explained that Egypt’s vision in the energy file goes beyond gas discoveries because the state is working on an ambitious plan to be a regional center for energy trade and circulation. This plan depends on three basic axes.
Banker pointed out that Egypt decided to take advantage of the infrastructure in the gas industry, such as a gas pipeline network extending inside and outside Egypt, and gas liquefaction stations in Damietta and Edku, which make Egypt an ideal place to process and export gas to European countries.
The report indicated that the Egyptian plan in the energy sector also depends on regional cooperation, and Egypt has become part of the Eastern Mediterranean Gas Forum, which includes countries such as Greece and Cyprus, and this forum works to coordinate efforts between these countries in order to benefit from the gas wealth in the region, in addition to the government’s proposal. For new tenders for gas and oil exploration in the Mediterranean and the Red Sea.
The Banker Research Unit presented a special report today on the future of the automotive industry in Egypt after the return of the monster of the sixties, which is intended by Al-Nasr Automotive Company.
The report explained that the name Al-Nasr Automotive Company used to fill Egyptian homes with pride. It was founded in 1959 and was the first Egyptian company to manufacture cars. Do you remember the “Nasr Shaheen” and “Nasr Florida” cars? Arabic, which represented the national industry at its finest… Unfortunately, this company went through very difficult crises… Debts accumulated, production stopped, and employment contracted dramatically. In 2009, the sad decision was to liquidate the company.
The report explained that in 2016, a glimmer of hope appeared when the government decided to settle the debts and began moving to revive this edifice again. Today, after more than 15 years, Al-Nasr has already returned and delivered the first batch of “Nasr Sky” buses.
The report pointed out that Egypt currently produces about 37 thousand cars annually, and with ambitious plans to increase production at an annual rate exceeding 11% until 2033, this number could reach more than 83 thousand cars per year. With the stability of the exchange rate and the easing of land import restrictions, investment will remain more stable. .
The last report presented by Banker platforms was regarding the battle of the central bank, which tipped the scales over the heads of crisis traders.
The report explained that the issue began when the dollar crisis appeared after February 2022 and the violent emergence of the black market.
Banker pointed out that the Central Bank of Egypt was able to move with proactive steps and instantaneous decisions within a well-thought-out plan and bold decisions… and the first thing the central bank did was liberalize the exchange rate… This step, which many saw as an adventure at the time, was the key to breaking the bones of the black market.
The gossip indicated that the story has not been discussed until here, but the Central Bank worked on two axes. The first was to provide the dollar to the official market, and the second was to directly hit speculators. We saw decisions such as supporting the import of basic goods, which kept small traders from having to resort to the black market. This greatly reduced the pressure and left the speculators to fend for themselves. In a weak position
The report concluded that at the same time, the Central Bank focused on strengthening the monetary reserve… and the reserve has now reached reassuring numbers, and this was an essential factor in reassuring the market when investors see that the reserve is stable. Confidence in the economy increases and speculation decreases.
