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Breaking News
  • Nippon Steel Finalizes $14.9 Billion Acquisition of U.S. Steel
  • U.S. Initial Jobless Claims Fall as Dollar Weakens Ahead of FOMC Decision
  • Bitcoin and Crypto Markets Fall Amid Geopolitical Tensions and Fed Focus
  • U.S. Stock Futures Rise as Investors Await Fed Decision and Assess Israel-Iran Conflict
  • European Stocks Steady Amid Israel-Iran Tensions and Fed Meeting

Market Drivers – U. S. Session 26-10-2021

Mohamed Abdelhamid Commodities, Forex Market, Global Stock Market, Market Update

WTI US crude oil rises during the New York session, trading at $84.30. The market sentiment has remained positive as U. S. shares are supported by U. S. Q3 solid corporate earnings, which helped ease investors’ nervousness around high inflation and central bank monetary policy tightening.In the meantime, the US …

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Volatility raises investors’ concerns on energy and commodities

Mohamed Abdelhamid Commodities, Market Update

Energy is currently the number one ranked U.S. sector in terms of risk adjustments due to steep rise that has occurred over September. Investors should be weary of the energy sector because although it is ranked first, it is highly volatile when it comes to investing in securities that experience …

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Long term Bitcoin holders continue maneuvering

Mohamed Abdelhamid Cryptocurrency, Market Update

Bitcoin traded within a significantly tight range on Tuesday as extreme bullish sentiment appears to retreat. The cryptocurrency was trading at around $62,000 is roughly flat over the past 24 hours.The Bitcoin Fear & Greed Index is starting to decline from its highest level in more than seven months, and …

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October: Delta left behind and U. S. economy improves

Mohamed Abdelhamid Commodities, Forex Market, Global Stock Market, Market Update

Americans welcome winter weather as temperatures drop, but the market is getting warmer and even hotter. The U. S. economy is boomed after the Delta wave had caused considerable recovery slowdown in August and September. October is witnessing progress on multiple fronts recording overall gains.Americans are spending more. Several signs …

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Forex market’s tensions accelerated by stances of central banks

Mohamed Abdelhamid Forex Market, Market Update

The U. S. dollar ended the trading session with mixed performance. It is particularly stronger against European rivals. EUR/USD pair is down to the lower end of its weekly range, trading in the 1.1590 price zone.GBP/USD settled around 1.3760. The pair received additional pressure from comments by European Commissioner for …

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Treasury yields mixed ahead Fed’s meeting

Mohamed Abdelhamid Forex Market, Market Update

The U.S. Treasury yields were mixed on Tuesday as investors prepared to filter through a myriad of economic data releases ahead of next week’s Federal Reserve meeting. Yields on 2 to 7 year debt out recorded higher performance, meanwhile the 10-year yield swung between advances and declines and the 30-year …

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WTI surges above $84.00 as USD reaps gains

Mohamed Abdelhamid Commodities, Daily Economic Reports, Economic Report, Forex Market, Market Update

WTI US crude oil rises during the New York session, trading at $84.30. The market sentiment has remained positive as U. S. shares are supported by U. S. Q3 solid corporate earnings, which helped ease investors’ nervousness around high inflation and central bank monetary policy tightening.In the meantime, the US …

Read More »

USD/CHF hovers around 0.9200 after failure at 0.9225

Mohamed Abdelhamid Forex Market, Market Update

The U. S. dollar has hesitated around 0.9200 on Tuesday. As the USD/CHF pair was able to rebound from 7 week lows at 0.9150, it found resistance at 0.9225 earlier today. As for the broader picture, the USD/CHF remains trapped within a clear downtrend from September highs at 0.9365. The …

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Bank of Canada faces challenges on surging inflation

Mohamed Abdelhamid Forex Market, Market Update

The Bank of Canada will continue pulling back its stimulus that has been in place to support the economy at a policy decision this week, paving the way for the start of interest rate increases next year amid inflation concerns.Governor Tiff Macklem is expected to reduce weekly government bond purchases …

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Eurozone banks raise bar for mortgages in Q3

Mohamed Abdelhamid Forex Market, Global Stock Market, Market Update

Eurozone

A European Central Bank survey showed on Tuesday that Eurozone banks tightened access to mortgages in the three months to September and expect to continue the same rule in the Q4 of 2021.ECB policymakers are set to take stock of the economic situation at a meeting on Thursday, paving the …

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  • Nippon Steel Finalizes $14.9 Billion Acquisition of U.S. Steel

    18 June, 2025 5:30 pm
  • U.S. Initial Jobless Claims Fall as Dollar Weakens Ahead of FOMC Decision

    18 June, 2025 4:47 pm
  • Bitcoin and Crypto Markets Fall Amid Geopolitical Tensions and Fed Focus

    18 June, 2025 3:59 pm
  • U.S. Stock Futures Rise as Investors Await Fed Decision and Assess Israel-Iran Conflict

    18 June, 2025 2:32 pm
  • European Stocks Steady Amid Israel-Iran Tensions and Fed Meeting

    18 June, 2025 12:47 pm
  • Nippon Steel Finalizes $14.9 Billion Acquisition of U.S. Steel

    18 June, 2025 5:30 pm
  • China’s Foreign Ministry: Foreign Countries Should Stop Interfering in Hong Kong’s Domestic Affairs

    1 July, 2020 1:37 pm
  • UK Manufacturing Activity Picked Up in June

    1 July, 2020 1:54 pm
  • Eurozone PMI Manufacturing Finalized at 47.4

    1 July, 2020 2:13 pm
  • IFO Sees Europe’s Largest Economy Contracting by 6.7% in 2020

    1 July, 2020 2:39 pm
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Timeline

  • 18 June, 2025 5:30 pm

    Nippon Steel Finalizes $14.9 Billion Acquisition of U.S. Steel

  • 18 June, 2025 4:47 pm

    U.S. Initial Jobless Claims Fall as Dollar Weakens Ahead of FOMC Decision

  • 18 June, 2025 3:59 pm

    Bitcoin and Crypto Markets Fall Amid Geopolitical Tensions and Fed Focus

  • 18 June, 2025 2:32 pm

    U.S. Stock Futures Rise as Investors Await Fed Decision and Assess Israel-Iran Conflict

  • 18 June, 2025 12:47 pm

    European Stocks Steady Amid Israel-Iran Tensions and Fed Meeting

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  • Nippon Steel Finalizes $14.9 Billion Acquisition of U.S. Steel

    18 June, 2025 5:30 pm
  • U.S. Initial Jobless Claims Fall as Dollar Weakens Ahead of FOMC Decision

    18 June, 2025 4:47 pm
  • Bitcoin and Crypto Markets Fall Amid Geopolitical Tensions and Fed Focus

    18 June, 2025 3:59 pm
  • U.S. Stock Futures Rise as Investors Await Fed Decision and Assess Israel-Iran Conflict

    18 June, 2025 2:32 pm

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