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In an interview on Dubai TV, Mohammed Hashad, Director of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on the performance of global markets in light of the current geopolitical developments in the Middle East.First of all; Hashad commented on oil prices …
Read More »EUR/USD achieves some gains after knocking back on risk aversion
The EUR/USD pair began Monday with a dip to 1.0519 before easing back. The Euro remains down against the US Dollar for Monday, but losses are paring back. Market sentiment is rebalancing after geopolitical escalations in the Gaza Strip. The Euro is testing upwards into 1.0570 after slipping down into …
Read More »Wall Street declines on Middle East turmoil
The CBOE volatility index (.VIX), Wall Street’s “fear gauge”, also rose to 18.54, reflecting investor anxiety. Amazon and Nvidia lead declines in Big Tech and several US airlines suspend Israel flights. Tesla falls on lower deliveries of China-made electric vehicles. Wall Street’s main indexes fell on Monday as a deepening …
Read More »Sterling recovers on revived risk sentiment
The Pound Sterling has experienced a sell-off due to the Middle East conflict, affecting the market mood. UK manufacturing and construction activities are currently in a vulnerable phase due to higher mortgage rates. The Fed is expected to keep one more interest rate hike in consideration, while the Bank of …
Read More »Gold price finds momentum on deepened Middle East tensions
Gold prices have recovered to around $1,850 due to the dismal market sentiment prompted by escalating tensions between Israel and Palestinians. The gold price is trading at $1852.43 per ounce at the time of writing. Dallas Federal Reserve Bank President Lorie Logan has also supported the gold price, drawing less …
Read More »Financial Markets’ Weekly Recap, October 2-6
Following a significant spike in T-bond yields, the market has momentarily stabilized, but Americans continue to borrow heavily despite Fed Chair Jerome Powell’s 18-month efforts to alter their borrowing and spending habit.Middle East tensions could boost gold, US dollarTensions in Palestine are causing investors to seek safe-haven assets and monitor …
Read More »US stocks rally following robust NFP data
After the release of stronger-than-expected US jobs data and a spike in Treasury yields, stocks rose on Friday. The Nasdaq Composite surged 1.7%, the S&P 500 added 1.4%, and the Dow Jones Industrial Average increased by 414 points, or 1.2%. With wages growing less than anticipated last month, the Labour …
Read More »All attention shifts to US inflation data
Inflation in the US is expected to moderate in September. In an otherwise quiet week for economic data releases, everyone’s attention will be focused on U.S. inflation figures. In September, CPI growth may have appeared a little better; economists anticipate a deceleration to a 3.5% year-over-year pace from 3.7% in …
Read More »EUR/USD pair higher following NFP data
Following the release of the US NFP, the EUR/USD pair gains significantly, rising 1.12% off the day’s low. Following a strong NFP result for the USD, broad market flows have turned decisively risk-on.Investor confidence data for October will be released on Monday, and this is what euro traders will be …
Read More »Hot US NFP data drags USD/CHF pair lower
While US NFP data jumps to a healthy 336K, the USD/CHF plunges to a weekly low of 0.9074. The US dollar’s upward trend falters as the DXY index retreats by 0.34% and drops back below the critical 106.00 level.To predict future USD/CHF dynamics, the market will be watching Fed officials, …
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