US stocks are rising. Bonds are rising as markets reopen following a holiday, in part because investors are seeking safe haven after the escalation of Middle Eastern tensions. However, given that more speakers are scheduled for Tuesday, two Fed officials on Monday discouraged interest rate increases.Investors, particularly oil speculators, will …
Read More »IMF cut growth forecasts for China, Eurozone
Despite the remarkable strength of the US economy, the International Monetary Fund has lowered its growth projections for China and the Eurozone, noting that overall global growth remains low and unequal. The IMF maintained its 3.0% prediction for global real GDP growth in 2023 but reduced its 3.0% prediction for …
Read More »NY Fed: Year-ahead expected inflation edges higher
The Federal Reserve Bank of New York’s latest Survey of Consumer Expectations showed on Tuesday that the US consumers’ one-year inflation expectation edged higher to 3.7% in September from 3.6% in August.The US Dollar stays under modest bearish pressure following this publication. As of writing, the US Dollar Index was …
Read More »Invest Smarter Not Harder: Tools & Strategies
Description: In today’s fast-paced financial landscape, everyone is looking for ways to grow their wealth, but not everyone knows the best strategies to do so effectively. Welcome to “Invest Smarter, Not Harder: Tools & Strategies,” a comprehensive webinar designed to equip you with the knowledge, tools, and strategies to make …
Read More »OPEC Secretary General: We will participate with representatives of the oil sector in the COP28 conference
Haitham Al-Ghais, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), said on Tuesday that the world’s major oil producers and representatives of this sector will participate in the United Nations Climate Change Conference (COP28), scheduled to be held in the UAE next month. Al Ghais said that anyone …
Read More »European stocks rebound as US bond yields rise
European stocks rebounded strongly on Tuesday, as reassurance from US monetary policy officials about interest rates and a decline in oil prices helped calm investor fears after conflict in the Middle East fueled a rush towards safe-haven assets. The European STOXX 600 index rose 1 percent by 0709 GMT, after …
Read More »Nikkei records best daily performance in 9 months thanks to Wall Street gains
Japan’s Nikkei index recorded its largest daily gain in nine months on Tuesday, led by energy-related stocks, in light of the extension of risk appetite from Wall Street and investors’ eagerness to snap up declining stocks. The Nikkei closed up 2.43 percent at 31,746.53 points, recording its largest daily gain …
Read More »Gold continues to rise in light of the Middle East conflict and the decline of Dollar and Bonds
Gold prices continued to rise on Tuesday, the day after achieving sharp gains due to increasing uncertainty in the market due to the conflict in the Middle East, as cautious statements issued by senior Federal Reserve officials affected the dollar and bond yields. By 0314 GMT, gold in spot transactions …
Read More »Oil declines due to fears of supply disruption as the Middle East conflict continues
Oil prices fell slightly on Tuesday after rising more than four percent in the previous session as markets assessed the possibility of supply disruptions as the conflict between Israel and the Islamic Resistance Movement (Hamas) continued. By 0017 GMT, Brent crude fell 18 cents, or 0.2 percent, to $87.97 a …
Read More »CAD: negative pressure remains 10/10/2023
Negative trading returned to control the movements of the Canadian dollar with the opening of the first trading sessions of this week after it found a strong resistance level of around 1.3680. Technically, by looking at the 4-hour time frame chart, we find a negative intersection beginning to appear on …
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