Commodities

Crude oil stoops and bounces back following a 3% decline earlier due to Trump’s victory in the US presidential election. As Trump is declared winner and gets an inconsecutive second term as US president, the effects of Tropical Storm Rafael on the Gulf become less significant. On Wednesday, the US …

China has stated its commitment to working with the U.S. on principles of mutual respect and peaceful coexistence as Donald Trump appears close to a presidential victory. However, Chinese strategists are preparing for a resurgence in superpower tensions over trade, technology, and security should Trump return to the Oval Office. …

Gold prices edged lower in Asian trading on Wednesday, influenced by a surge in the U.S. dollar and Treasury yields amid early 2024 U.S. election results favoring Donald Trump. However, with the election results still too close to call, gold held near its recent highs. Precious Metals Spot Gold: Dropped …

Tuesday saw a little increase in gold prices as investors prepared for political tensions following surveys that indicated Donald Trump and Kamala Harris were tied for the U.S. presidential election, which is likely to be a contentious outcome. The price of spot gold rose 0.2% to $2,740.96 per ounce. At …

US Election Driving Market Sentiment WorldwideThe US Dollar Index (DXY) weakened early this week as investors unwound positions related to the “Trump trade” and grew cautious ahead of the US election on Tuesday and the FOMC meeting on Thursday.Key Currency Pairs and Economic Events:EUR/USD: The pair climbed above 1.0900, but …

Commenting on key financial assets, in an interview with Dubai TV, Mohamed Hashad, Chief Strategist at Noor Capital and the member of the American Association of Technical Analysts, highlighted that markets are closely watching the upcoming US presidential election.Financial Assets Most Likely Affected by a Potential Trump Victory Regarding the …

Oil prices saw a sharp rise in Asian markets on Monday following OPEC+’s decision to delay its planned production increase for December by at least one month. This move comes as the cartel aims to counter downward pressure on oil prices due to weaker demand, particularly from China. Market Reactions: …

US Election Looms LargeThe upcoming US presidential election has cast a shadow of uncertainty over the global markets. As the two candidates remain neck-and-neck, investors brace for potential market volatility, especially in the immediate aftermath of the election. The USD/JPY pair has been particularly volatile, with the yen strengthening following …

China’s economic growth has been slowing, prompting policymakers to consider a significant stimulus package. While a proposed 10 trillion yuan ($1.4 trillion) fiscal stimulus could provide a temporary boost, concerns persist about its long-term efficacy and its ability to address the underlying structural issues.The Limits of Stimulus The Chinese government’s …

A Tale of Two Reports: NFP and ISM The recent release of the Non-Farm Payroll (NFP) and Institute for Supply Management (ISM) Manufacturing PMI reports has sent mixed signals about the state of the US economy. While the NFP report painted a picture of a slowing labor market, the ISM …