Economic Report

The USD was not greatly affected by the Wednesday’s US home data, but the DXY Index recorded gains of 0.35% per day after Fed’s Harker commented that the bank won’t cut rates right away.Philadelphia Federal Reserve President Patrick Harker has expressed his opposition to further US central bank interest rate …

The US and Western allies have imposed sanctions on oil shippers and traders who have been helping Russia bypass price restrictions. Since a price cap on Russian oil was set last year, Moscow has developed a shadow fleet of tankers and found alternative insurance and financing options, enabling it to …

On Wednesday, the dollar sustained an upward trend against a basket of peer currencies as traders assessed the possibility of the Federal Reserve implementing interest rate cuts. According to the CME Group’s FedWatch tool, investors are indicating a 69 percent probability of a rate cut occurring during the Federal Open …

As of writing, the price of gold has surged by 0.55% to $2,038.16 per ounce. The yield on the 10-year US Treasury note is at its lowest level since July as interest rates continue to decline. The US Core Personal Consumption Expenditures (PCE) Price Index is still the major focus. …

The United States launched Operation Prosperity Guardian, a multilateral naval operation involving the United Kingdom, Canada, France, Bahrain, Norway, and Spain. Oil tycoon BP has temporarily stopped shipping any crude along the route; rival energy tycoon Shell has not yet responded.Oil PricesAttacks on commercial ships in the Red Sea have …

Bitcoin price continued surging amid positive developments in Spot Bitcoin ETF applications. BlackRock filed an S-1 amendment, a registration statement that the SEC requires issuers to file ahead of new securities offers. On-chain researchers said that there were symptoms of anxiety among bitcoin dealers, which helped the price of BTC …

BoJ Governor Ueda will be closely watched by observers for any indications of a hawkish stance. Over the course of the year, UK inflation is predicted to print slightly lower than it did in the near term.Monday saw a test of the GBP/JPY pair back into the 181.00 handle, but …

Monday saw gains in US stocks as the market continued to show signs of strength after a seven-week winning run. The Dow Jones Industrial Average increased by 0.02%, or 7 points. The Nasdaq Composite gained 0.7%, while the S&P 500 increased by 0.5%.The overall index is currently just over 1% …

With a little upward trend, the USD/JPY pair moved up near the 143.00 mark. The BoJ meeting on Tuesday is anticipated by markets, which could influence the pair’s short-term trajectory. Japan’s political scandals might force the Bank of Japan to abandon its negative interest rate strategy.US bond yields rose, which …

Interviewed on Dubai TV on Monday, Mohammed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on the most important developments in the global financial markets on the first day of trading week, and most notably: US Mohammed Hashad …