The US Dollar Index is trading with losses below the 104.00 mark, with a -0.23% decline around the 103.850s mark. Investors are awaiting the Fed’s interest rate decision on Wednesday, which is expected to announce a continued pause on interest rate increases, leaving rates unchanged. So, markets anticipate the Fed …
Read More »BoE Expected To Keep Interest Rate Policy Unchanged
On Thursday, the Bank of England is expected to keep interest rates unchanged and to maintain its higher-for-longer stance. UK economists believe the Bank of England will use this week’s interest rate decision to warn that borrowing costs will need to remain high well into 2024, dampening growing bets on …
Read More »Noor Capital | Mohammad Hashad Interview on Dubai TV – December 11, 2023
Amidst high inflation readings, asked about the most likely scenarios regarding the upcoming decisions by major central banks during the current trading week, and whether there be any interest rate cuts or unchanged rates, Mohammed Hashad, the Head of the Research and Development Department at Noor Capital and member of …
Read More »US CPI Preview: Inflation calms down adding another signal of progress
On Tuesday, the US Bureau of Labor Statistics will release the most important inflation measure, the US Consumer Price Index (CPI) figures for November. Economists and researchers from some major banks forecast that the core CPI will stay constant at 4.0% YoY while the headline CPI will decrease slightly to …
Read More »Financial Markets’ Weekly Recap
Oil prices experienced a notable uptick of more than two percent on Friday, fueled by optimistic US data that bolstered expectations for increased demand. Despite this positive development, both Brent crude and US West Texas Intermediate (WTI) crude prices faced their seventh consecutive week of decline, marking the lengthiest series …
Read More »Stocks rise after surprise change in US unemployment
After hitting a high of 4,606.31, which put it within one point of its 2023 peak, the S&P 500 stayed close to the flatline, while the Dow Jones Industrial Average gained 24 points, or 0.1%. 0.15% was added to the Nasdaq Composite. The unemployment rate unexpectedly decreased in November, from …
Read More »Gold is on its way to its first weekly decline in a month ahead of US data
Gold is heading towards recording its first weekly decline in four weeks after the rise of the dollar, but prices stabilized on Friday as markets awaited key data on US jobs for signs that the Federal Reserve may cut interest rates in early March. Gold increased 0.1 percent to $2,030.32 …
Read More »How could different financial assets react to looming NFP data?
The US Bureau of Labour Statistics is set to release November’s jobs report on Friday, December 8, with expectations for a 180,000 rise in Nonfarm Payrolls. Gold is expected to react stronger to a disappointing jobs report than an upbeat one. US stocks are trading modestly higher on Thursday, led …
Read More »Gold prices stabilize on diving dollar post US Jobless Claims
Gold gains as more major central banks increase their bets on rate cuts in early 2024. The precious metal is receiving additional support from the cautious sentiment of the market. Gold is trading at 2029.38 at the time of writing.Early on Thursday in the European session, the price of gold …
Read More »Euro declines as bets on interest rate cuts increase
The euro fell to its lowest level in more than three weeks on Thursday as traders increased bets that the European Central Bank will begin cutting interest rates starting in March 2024, while the dollar stabilized ahead of the release of important jobs data this week. The euro fell 0.07 …
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