The central bank of Japan unlikely to make a move on Tuesday, when it is anticipated to see no changes to the Bank of Japan’s key monetary policy settings, with the major focus being on how Governor Kazuo Ueda evaluates the progress made in achieving the sustainable inflation required to …
Read More »Treasury yields decline following upbeat data
US Treasury bond yields decline on Monday from record highs this year after positive batches of US data revived hope that a “soft landing” could be achieved by the Federal Reserve.The Consumer Confidence Index issued by the University of Michigan rose this January to 78.8 points, compared to the previous …
Read More »European stocks extend recent gains amid recent FOMO wave
In general, European indices surged to begin the new business week. In a nod to last week’s bidding fervor, risk appetite is driving stocks higher. Investors suffering from FOMO are prioritizing stocks above data threats.Monday saw gains in all of the European equity indexes as traders piled into the market …
Read More »US dollar experiences mild losses ahead of PCE data
The Dollar Index, or DXY, is trading at roughly 103.20 and is slightly down. This week’s important US inflation and economic activity reports are due. The market’s predictions about the Fed’s rate cuts keep changing. At 103.25, the dollar is presently trading slightly lower. This small decline is due to …
Read More »Canadian dollar has thin trading ahead of BoC decision
The Canadian dollar is experiencing limited momentum as markets flatten out in a quiet North American trading session. The Bank of Canada’s rate decision on Wednesday is expected to have a limited impact on the Canadian dollar. The latest New Housing Price Index figures from Canada are due in the …
Read More »Noor Capital | Interview with Mohammad Hashad on Dubai TV – January 22, 2024
Noor Capital | Interview with Mohammad Hashad on Dubai TV – January 22, 2024Mohammed Hashad, Head of Research and Development at Noor Capital, and member of the US Association of Technical Analysts, commented on the key developments across markets and the performance of the most important assets, in an interview …
Read More »Despite weekly gains, oil slightly lower on China demand concerns
Despite a minor decline on Friday, oil prices saw a weekly increase as Middle East tensions and interruptions to oil production outweighed worries about the Chinese and worldwide economies. A barrel of Brent futures ended the day 54 cents lower at $78.56. West Texas Intermediate oil dropped 67 cents to …
Read More »Fed’s Daly: Changes in the labour market may lead to changes in policy
In an interview with Fox Business on Friday, Mary C. Daly, President of the San Francisco Fed discussed the Fed’s policy outlook. The San Francisco Fed President since 2018, Mary C. Daly will be rotating from an Alternate Member voting seat to a full Member for the 2024 Fed chair …
Read More »Euro surges on positive market sentiment
Despite the ECB blackout, the Euro saw some minor gains. The final trading day saw a recovery in market sentiment as most markets were concentrating on news from the World Economic Forum in Davos. ECB President Christine Lagarde has made great efforts to avoid discussing monetary policy during her scheduled …
Read More »European stocks close slightly lower ahead of Davos conclusion
European stock markets closed slightly lower Friday, erasing gains through the morning and previous session. The German DAX closed mostly flat on Friday, down a scant 0.07% and declining 12 points to close at €16,555.13. France’s CAC 40 declined nearly 40 points to close down 0.4% at €7,371.64. The pan-European …
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