EUR/USD pair is stuck in a range and awaits major data this week. Traders will have both Eurozone and US economic calendar to potentially find catalysts that will move the EUR/USD.EUR/USD is moving sideways during the US holiday, the pair seems reluctant to leave Friday’s price range. The Euro has …
Read More »Gold could face losses as bond yields continue surging
As bond yields surge, investors Advised To Build Strategic Position in the gold marketEconomists do expect to see lower gold prices in the near term as markets begin to price in further aggressive monetary policy action from the Fed. Higher inflation prompted markets to price in a 21% chance that …
Read More »Noor Capital | Interview with Mohammed Hashad on Dubai TV – February 20, 2023
In an interview on Dubai TV, Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, highlighted and commented on the most important developments in financial markets.ECB’s Upcoming Rate DecisionAsked about the expected scenario for the European Central Bank’s decision to …
Read More »Official: SNB is still willing to be active on the forex markets
The Swiss National Bank is “still willing” to be active on the foreign currency markets in pursuing its goal of price stability, Vice Chairman Martin Schlegel said on Monday.“If the Swiss franc depreciates we are ready to sell foreign exchange, if the Swiss franc appreciates strongly we are willing to …
Read More »Chinese shares lead gains as US observes Presidents Day
US futures waver as investors consider latest signals on interest rates. Meanwhile, global markets were mixed Monday amid volatility, with US futures struggling for direction in holiday trading ahead of another busy week in terms of economic data.Futures tied to the S&P 500 edged down 0.1%, as did those tied …
Read More »GBP/USD recovered, with little hope to stage a sustainable rise.
The British Pound fought back from below 1.20/USD and the 200-DMA (1.1938) on Friday but conviction for a return to 1.2450 is low based on the outlook for a widening in US/UK rate differentials. Based on implied market rates, the Fed/BoE spread could widen to almost 100 bps in 2Q, …
Read More »Market Drivers – European Session 20/2/2023
European stocks were flat on Monday, as continued gains in mining stocks, on the back of bets on demand recovery in China, offset losses in Telecom Italia, which led the decline in stocks in the eurozone. The pan-European Stoxx 600 index was little changed after rising slightly at the start …
Read More »European stocks are stable and Telecom Italia is the biggest loser in the euro area
European stocks were flat on Monday, as continued gains in mining stocks, on the back of bets on demand recovery in China, offset losses in Telecom Italia, which led the decline in stocks in the eurozone. The pan-European Stoxx 600 index was little changed after rising slightly at the start …
Read More »Britain begins post-Brexit asset management revamp, focus on liquidity
After a fund near-collapse in September that was utilised by pension schemes, Britain announced plans on Monday for a post-Brexit review of its regulations for the $13.2 trillion (13.2 trillion pound) asset management industry. Regulations for the UK finance industry were created in Brussels before to the United Kingdom’s exit …
Read More »Saudi Arabian Energy Minister: OPEC+ is flexible enough to change decisions whenever required
Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Monday, “OPEC+ is flexible enough to change decisions whenever required.” Last week, Saudi Arabian Energy Minister said the current OPEC+ deal on oil output would be locked in until the end of the year, adding the oil group can’t increase …
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