The Pound Sterling managed to recoup some losses against the US Dollar on Friday, buoyed by a significantly weaker-than-expected US Nonfarm Payrolls (NFP) report. The data revealed a sharp slowdown in job growth, casting doubt on the resilience of the US economy and prompting a broad-based decline in the dollar.Despite …
Read More »U.S. Job Growth Slows in July as Unemployment Rate Rises
U.S. job growth slowed more than expected in July, while the unemployment rate increased to 4.3%, heightening concerns that the labor market is deteriorating and potentially making the economy vulnerable to a recession. Employment Report Highlights Nonfarm Payrolls: Increased by 114,000 jobs in July, following a downwardly revised increase of …
Read More »What is expected to NFP and other US jobs data? July 2024
The most important US employment data of the month is expected to be released on Friday amid expectations of a significant decline in job growth in the United States, with a stable unemployment rate and a decline in wage growth. On the first Friday of each month, US employment data …
Read More »Jerome Powell Takes Center Stage After Fed’s Interest Rate Decision
The Federal Reserve, under the leadership of Chairman Jerome Powell, has demonstrated unwavering commitment to aligning and determination to adjust its actions with market expectations. Their recent decision to maintain interest rates without deviation from prevailing trends reflects this resolve. By doing so, Powell aims to instill confidence in investors …
Read More »Which scenario will BoE meeting follow?
The Bank of England faces a critical decision on interest rates as policymakers weigh whether to reduce borrowing costs for the first time since the onset of the Covid-19 pandemic. Following a significant decline in inflation this year, Threadneedle Street is poised for its first rate cut since raising interest …
Read More »Explainer: Key Contour Lines Around FOMC’s Looming Decision
The US Federal Reserve is poised to conclude its policy meeting on July Thirty First, with Chair Jerome Powell expected to discuss the central bank’s rate latest decision. This meeting is seen by most analysts as a warm-up act for September, as many Wall Street analysts are hoping for insights …
Read More »Will FOMC cut interest rate in July or just warm up for September meeting?
FOMC meeting began on Tuesday amid hopes that Jerome Powell, Fed Chairman, could hint the timing or number of rate cuts at least until the end of 2024, this comes amid accelerating expectations that the Federal Open Market Committee will begin cutting rates in its meeting next September.These expectations are …
Read More »Noor Capital | Mohammed Hashad’s Interview on Dubai TV, July 29
Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements. United StatesThe Dow Jones saw a boost following Microsoft’s recent announcement of a new update to the Bing …
Read More »Markets Struggle Amid Geopolitical Risks, FOMC Decision Outlook
Global financial markets concluded the first trading day of the new week under the sway of mounting geopolitical tensions in the Middle East, which dampened risk appetite. This led to a decline in several risky assets by the end of Monday’s trading session. However, another factor intervened to balance investor …
Read More »OPEC Under Pressure Due To Falling Oil Prices
In the days leading up to the important OPEC meeting on August 1, oil prices are collapsing. The drop this week, which was caused by worries over China’s slowing consumption, puts the oil cartel in a risky position as it navigates a volatile market. At the time of writing WTI …
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