General

Natural Gas rises as the US Dollar weakens ahead of the June FOMC meeting. Expectations are for the US Fed to leave interest rates unchanged at the current policy meeting after recent tamer-than-expected inflation figures. The technical picture is still long-term bearish, although price action throughout most of 2023 has …

Due to persistent consumer demand and price hikes that helped offset higher costs, McDonald’s Corporation reported first-quarter earnings and sales that were higher than anticipated. The Big Mac manufacturer credited the international burger chain’s 12.6% increase in comparable sales for the three months that ended on March 31 to higher …

Noor Capital fully acquires “House of Borse”, one of the leading multi-asset brokerage firms in the United Kingdom. Dubai, March 22, 2023 Noor Capital, the leading investment company and provider of financial services in the United Arab Emirates and the Middle East, licensed and subjected to the regulation and supervision …

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: The impact of …

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 …