US stocks are surviving an increase in Treasury yields because of the positive economic outlook, but Goldman Sachs strategists warned that this might change if factors like tighter monetary policy push yields higher or if they climb too quickly.In their most recent weekly kickstart note, Goldman equity strategists lead by …
Read More »WTI declines amid China’s property crisis
The liquidation turmoil facing China’s real estate sector as well as the strong US dollar cause WTI oil to decline by more than 1.50%. Despite geopolitical unrest, worries about the state of the world economy and central bank policies have also caused oil prices to decline.In light of the uncertain …
Read More »US Dollar trades near mid-December highs ahead of eventful trading days
The Dollar Index is showing strong increases and is currently trading at 103.75, not far from its mid-December highs. Ahead of the Fed’s impending announcement on interest rate policy on Wednesday, markets are still wary.Monday saw a sharp increase in the Dollar Index, which closed at 103.75, reaching levels not …
Read More »EUR/GBP bears continue to exert pressure, driving to new lows
The EUR/GBP is trading at 0.8525, at the time of writing, after slipping to its lowest level since August 2023 0.8520, recording 0.23% losses.The daily chart indicates strong selling pressure as the RSI approaches oversold territory. A technical correction could be imminent if indicators reach oversold conditions.As of Monday, the …
Read More »Bitcoin is off to upbeat start this trading week
Bitcoin and other cryptocurrencies are performing well in the US equity markets due to robust economic growth and potential annual inflation slowdown. The S&P 500 Index (SPX) increased by 1.06% last week, advancing closer to the psychologically significant mark of 5,000. Bitcoin rose 2.56% to $43,126, at the time of …
Read More »China stocks decline despite short-selling restrictions
Investors’ sentiment has become shaky following the latest Evergrande’s crisis that impacted the property sector leading it to slump. Evergrande is facing liquidation, and this is clouding the economic outlook. The Chinese authorities have been working to confront the downward trend in stock prices. Chinese share prices declined, on Monday, …
Read More »Fed’s rate cut timing triggers fresh questions
The Fed’s decision to cut interest rates is expected to be influenced by strong US growth, which has led officials to believe they can afford to delay the process. The Federal Open Market Committee is likely to vote to leave benchmark interest rates unchanged at a 23-year high of 5.25-5.5 …
Read More »Noor Capital | Mohammad Hashad Interview on Dubai TV – January 29, 2024
Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, shared insights on significant market developments and the performance of key assets during an interview on Dubai TV. Addressing the persistent upward trend in oil prices and the challenges posed by …
Read More »Gold rises as concerns mount over conflict in the Middle East
Gold prices experienced an upturn on Monday, driven by heightened geopolitical tensions in the Middle East, which prompted increased demand for the precious metal as a safe-haven asset. Trading activity remained subdued as investors awaited statements from the Federal Reserve Chairman for clarification on interest rate matters. In spot transactions, …
Read More »European equities display a mixed performance
Title: European Stock Markets Navigate a Volatile Week Amid Key Events European stock markets exhibited subdued trading on Monday as the week kicked off with a host of significant events, heightening market risks. Key among these events is the Federal Reserve’s inaugural meeting of the year. As of 03:25 ET …
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