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Market Drivers – US Session 27/01/2023 US stocks rallied on Friday to mark another winning week fueled by better-than-expected economic growth and a pop in Tesla shares. The dollar index is now nearing a range that could lend support to the S&P 500, The USD Index latest reading is 101.922 …

Fed will announce interest rate decision tonight. The US dollar holds onto losses, US yields move modestly lower. The AUD/USD pair has retreated after approaching 0.6900.The AUD/USD is moving sideways around 0.6860, up for the day, ahead of the FOMC decision on interest rates. The pair is about to post …

EUR/USD is firmly higher on Thursday due to diminishing expectations for the Fed to keep raising interest rates at the same aggressive pace. A rise in weekly jobless claims suggests that the labour market is slowing down. EUR/USD is currently 0.38% higher having rallied from a low of 1.0489 to …

Disney revealed its quarterly business results for the fourth fiscal quarter, which came in below expectations. Earnings per share: 30 cents versus Refinitiv’s forecast of 55 cents Revenue: $20.15 billion compared to forecast of $21.24 billion Number of Disney Plus subscriptions: up 12.1 million to 164.2 million at the end …

Ajman Bank, one of the UAE’s leading Shariah-compliant banks, has signed a partnership agreement with VaultsPay, a UAE Fintech Company, to develop and implement a highly innovative payments value proposition for UAE businesses and individuals. This collaboration will serve as the foundation for future growth in digital financial solutions in …

A spokesperson for the US Treasury said on Thursday that they acknowledge the Bank of Japan’s intervention in the foreign exchange market.“The Bank of Japan today intervened in the foreign exchange market. We understand Japan’s action, which it states aims to reduce recent heightened volatility of the yen,” the spokesperson …

Dubai, United Arab Emirates – 20th September 2022: Fazzaco Expo Dubai 2022 will make its debut in Dubai on October 12-13, 2022 at Festival City-Festival Arena. It is a high-quality B2B+B2C event offering seamless networking opportunities for decision-makers, executives, managers, IBs, and traders across the financial and fintech industry, including …

On Wednesday, third-quarter earnings beat analysts’ forecasts and revenue topped expectations. Walt Disney announced earnings per share of $1.09 on revenue of $21.5B. Walt Disney shares are down 27% from the beginning of the year, still down 40.02% from its 52 week high of $187.58 set on September 9, 2021. …

Oil prices rose on Friday on expectations of a milder US interest rate hike, but concerns about a recovery in demand capped gains. By 0300 GMT, Brent crude futures for September delivery rose $1.25, or 1.3 percent, to $100.35 a barrel. West Texas Intermediate crude futures rose 90 cents, or …

) – Oil prices fell more than $2 on Thursday as investors focused on the prospect of a significant US interest rate hike, which would curb rising inflation but at the same time hurt oil demand. Brent crude futures for September fell $2.14 to $97.43 a barrel by 1038 GMT, …