Interviewed by Dubai TV, Mohammed Hashad, Head of Research and Development Department at Noor Capital and member of the US Society of Technical Analysts, commented on the latest developments of the financial markets; and most notably oil and the upcoming Fed’s policy decision. Fed Hashad said US Federal Reserve Governor …

The Bank of England will raise interest rates in June by only 25 basis points and continue in the same lane in future meetings despite soaring inflation, a Reuters poll of economists found. The recent poll showed that “all but one of 56 economists expected the BoE to deliver a …

The price of the dollar, which is considered a safe haven for value, rose towards its highest levels in 20 years against the major currencies on Monday, supported by fears of a global economic slowdown and the expectation of a large interest rate hike by the US Federal Reserve. The …

The price of gold fell on Monday, after rising to its highest level in a month earlier in the session after strong inflation data in the United States lifted Treasury yields and reduced the attractiveness of safe-haven gold. And the price of gold in spot transactions fell 0.4 percent to …

Oil prices fell more than $2 on Monday after rising COVID-19 infections in the Chinese capital, Beijing, dashed hopes of a rapid increase in China’s demand for fuel, while concerns about global inflation and economic growth further depressed the market. Brent crude futures fell $1.81, or 1.48 percent, to $119.95 …

European shares fell for the fifth consecutive session Monday, June 13, weighed down by economic-sensitive stocks, as the sharp rise in US inflation raised concerns about the US Federal Reserve’s sharp increase in interest rates. The pan-European Stoxx 600 index was down 1.1% by 07:12 GMT, hitting its lowest level …

Japan’s Nikkei index posted its biggest decline in more than four months on Monday, ending the session at a two-week low after a bigger-than-expected rise in US inflation in May sent Wall Street sharply lower at the weekend. The Nikkei index fell 3.01 percent to close at 26,987.44 points, the …

Oil, Crude, trading

GBP/JPY could achieve the idea of retesting the required target during the previous analysis published at the end of last week’s trading, touching the target of 165.70, recording its lowest level at 165.17. Technically, the current moves are witnessing attempts to stabilize above the 50-day simple moving average and the …

Notable gains were achieved by the Canadian dollar within the expected bullish path during the previous report, touching the extended target required to be touched at 1.2810, recording its highest level during the early morning trading of today’s session at 1.2820. Technically, and by looking at the 4-hour chart, we …