The technical outlook is unchanged, and there was little change in the yellow metal after it succeeded in stabilizing above the psychological barrier of 1800 within an ascending path, approaching a few points from the target published in the previous analysis at the price of 1830, recording its highest level …
Read More »Euro Retests Resistance
The single European currency started its first weekly trading within a slight bullish slope within attempts to recover. However, it is still limited, building on the 1.1520 support floor, trying to retest 1.1610/1.1600. Technically, by looking at the chart, we notice the price’s attempts to move above the 50-day moving …
Read More »Market Drivers – European Session 08-11-2021
The European session was largely quiet on Monday. Stock futures were mixed in early morning trading after US market indices closed at record levels on Friday after better-than-expected non-farm payrolls report for October. Futures on the Dow Jones Industrial Production Index rose 85 points, while the S&P 500 Index settled, …
Read More »Dubai TV Interview, Nov. 8, 2021
In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. USD Hashad pointed out that last week was one of the most critical weeks ever in November, as there were major statements from the Central Banks, most …
Read More »Gold Above 1820 Levels
Gold rose in Monday morning trading in Asia, hitting its highest level in two months. The dollar also gave the yellow metal a boost. Gold continues to rise in these moments, achieving a rise of 0.3% to record 1822.56 dollars an ounce, while gold contracts recorded 1824.45, an increase of …
Read More »The US Dollar Is Stable, New Zealand Eases Restrictions
The dollar was broadly flat on Monday and currency markets lacked momentum as investors weighed expectations of price volatility with the extent to which central banks could tolerate inflationary pressures. Last week, the Federal Reserve (the US central bank) stuck to its view that the current high inflation is expected …
Read More »Gold Rose to Its Highest Level in Two Months
Gold prices continued to climb to a two-month high on Monday, as investors maintained their view that central banks will continue to maintain low interest rates for the time being. Investors are turning their attention to core inflation data in the US due later this week. And the spot price …
Read More »US Bond Yields Rise on Monday Morning
US Treasury yields rose on Monday morning, as investors’ attention turned to inflation data, due for release later in the week, the benchmark 10-year Treasury yield was up 2 basis points to 1.474 percent, and the 30-year Treasury yield added a point. 1 basis at 1.8999% This comes after Treasury …
Read More »Market Drivers – Asian Session 08-11-2021
The Asian session was a bit quiet at the start of the week. This morning, the People’s Bank of China set the yuan’s exchange rate against the US dollar at 6.3959 yuan per dollar. Expectations were for the Chinese yuan to stabilize against the dollar at 6.3906 yuan per dollar. …
Read More »German Dax Achieves Remarkable Gains
A noticeable rise for the German DAX index, touching the first target at 16,020, to record its highest level at 16,053. On the technical side, the daily trend is still bullish due to the stability of the intraday trading above the support level 15,790/15,780 and the positive signals from the …
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