WTI’s recovery above $76.50 reflects a delicate balance between supply risks and market dynamics. Geopolitical tensions in Libya, coupled with broader economic factors, continue to shape the oil landscape. As investors keep a close eye on developments, the WTI price remains susceptible to sudden shifts.West Texas Intermediate (WTI), a crucial …

US Air Force General C.Q. Brown, chairman of the Joint Chiefs of Staff, recently stated that the risk of a broader Middle East conflict has somewhat diminished after Israel and Lebanon’s Hezbollah engaged in an exchange of fire without further escalation. However, General Brown also warned that Iran still poses …

As interest rate cuts become closer, investors are closely watching economic data to assess whether the “soft landing” scenario that has supported U.S. stock performance in 2024 can continue.Fed Chair Jerome Powell recently signaled an impending reduction in interest rates. The process is expected to begin next month with a …

Financial Markets’ Weekly Recap: A couple of events were the most important in global financial markets last week; the FOMC Minutes last July and the statements of the Fed Chairman Jerome Powell at the Jackson Hole Symposium. Both were in favor of risk appetite after they tipped the scales towards …

Dubai TV interviewed Mohammed Hashad, Head of Research and Development at Noor Capital and a member of the American Society of Technical Analysts. Hashad discussed recent market developments, asset performance, and investment tools, including oil, gold, and cryptocurrencies. He also shared his expectations regarding monetary policy, particularly the Federal Reserve …

Oil prices saw a modest increase on Friday, extending gains from the previous day and snapping a losing streak for the week. However, the rebound could be short-lived as concerns over demand and a potential supply surplus loom large.OPEC finds itself in a challenging position. Adhering to their previous production …

In a highly anticipated speech at the Jackson Hole Central Bank Symposium, Federal Reserve Chair Jerome Powell indicated that it’s time to adjust monetary policy. He highlighted reduced inflation risks and growing concerns about the labor market. As a result, the gold market experienced significant buying, with December gold futures …

The Canadian Dollar (CAD) experienced a significant surge against the US Dollar (USD) on Friday, August 23, 2024. This rally was primarily driven by the Federal Reserve’s indication of a potential rate cut cycle, which weakened the Greenback.Despite a mixed performance in Canadian retail sales data, the market’s focus shifted …

The U.S. stock market experienced a significant uptick on Friday, August 23, 2024, following Federal Reserve Chair Jerome Powell’s indication of potential interest rate cuts in the near future. This positive sentiment was evident in the performance of the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, which all …

Despite his refusal to give precise timing or extent hints, Fed Chair Jerome Powell set the foundation for future interest rate reductions on Friday. During the Fed’s annual retreat in Jackson Hole, Wyoming, the Chair of the Board of Directors declared, “The time has come for policy to adjust.” This …