Commodities

Oil prices tumbled more than 4% on Tuesday, reaching their lowest levels in nearly two weeks due to a weaker global demand outlook and a report suggesting that Israel may refrain from striking Iranian oil infrastructure. This development eased concerns over potential supply disruptions in the Middle East, which had …

In an interview conducted by Dubai TV, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on and analyzed the performance of key assets in the financial markets. What is Driving Oil Prices Amid Geopolitical Tensions? Oil prices …

Dollar Index (DXY) Soars, Dragging Down Major Pairs The US Dollar Index (DXY) continued its upward trajectory, breaching the 103.00 mark, driven by risk-off sentiment in the global market. Key economic indicators and speeches from Federal Reserve officials are scheduled for the day. The Euro (EUR/USD) weakened further, falling below …

Gold has been declining since the opening of daily trading on Monday, pressured by the rise of the US dollar, which benefited from the decline in expectations of a 50-basis-point Federal Reserve interest rate cut, which led to a decline in fears that the US currency is close to exiting …

Citi Research has significantly increased its oil price forecast, predicting Brent crude to reach $120 per barrel by late 2024 and early 2025, primarily driven by escalating tensions in the Middle East.While this bullish outlook has garnered attention, Citi’s baseline forecast remains more conservative, projecting Brent crude prices at $74 …

In an interview conducted by Alarabiya Television, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented and analyzed the performance of the U.S. labour market, inflation, and the potential future moves of the Federal Reserve. Are Markets Focusing …

Global financial markets closed the week ending on Friday, October 11, with risk assets advancing over safe haven assets after US inflation data that highlighted a decline in price growth that would weigh heavily on interest rate cuts in the coming period. Markets are also awaiting developments in monetary policy …

The second week of October trading began with optimism in North American equity markets despite increased Middle East tensions, ongoing war in Ukraine, a stronger than expected American economy, and weaker than expected numbers from China. China: The National Development & Reform Commission (NDRC), China’s state planner, stated that the …

Notwithstanding concerns surrounding a wider Middle East war, which could disrupt oil flows from the region, China stimulus disappointment and OPEC+ producer plans to bring barrels back in the coming months have put the crude oil market at risk of a sharp correction. The pending surplus in early-2025, stemming from …

Gold (XAU/USD) extends its rally, trading in the $2,650s on Friday, after the release the the preliminary Michigan Consumer Sentiment Index showed a slide in sentiment in October. The Michigan Consumer Sentiment Index fell to 68.9 in October from 70.1 in the previous month and was below estimates of 70.8, …