Commodities

The US labour market was a significant focus for investors, with the August nonfarm jobs repor as the most awaited data. The report confirmed signs of a softening US labour market, starring a drop in the unemployment rate from 4.3% to 4.2% by a clear softening trend in new jobs …

Oil prices edged higher during Asian trading on Friday as investors remained cautious ahead of the release of key U.S. employment data. This comes amid weighing factors, including a significant withdrawal from U.S. crude inventories and a potential delay in production hikes by OPEC+ producers. By 0507 GMT, Brent crude …

The US dollar continued its downward trend, breaching the crucial 101.00 level. This decline was fueled by persistently low US interest rates and growing speculation that the Federal Reserve might implement a more aggressive interest rate cut, potentially halving the cut in its next meeting.The US Dollar Index (DXY) extended …

The yellow metal’s surge is fueled by anticipation of a potential rate cut by the Federal Reserve. Gold’s recent rally is a testament to the market’s growing confidence in a potential Fed rate cut. While the NFP report will be a key event to watch, the overall trend for gold …

Markets are eagerly awaiting the Nonfarm Payrolls (NFP) report, which is due on Friday, September 6. The US Bureau of Labor Statistics (BLS) released this report that shows the average hourly wage, the number of new jobs created (or lost) in a particular month, and the unemployment rate in order …

The global oil market remains in a state of flux, with prices hovering near 14-month lows. A combination of factors, including unexpected inventory draws, OPEC+ decisions, and persistent demand concerns, have contributed to this volatile landscape.Inventory Dynamics and OPEC+ InterventionA significant factor influencing oil prices has been the recent dynamics …

As markets anticipate a larger-than-expected rate cut by the Federal Reserve later this month, recent economic data suggests a slowdown in the US labor market, supporting the rate cut expectations. The Euro strengthened against the dollar as the US dollar’s value declined. Key economic indicators for the Eurozone, including factory …

Gold prices pushed higher during the North American session as the likelihood of a 50 basis point (bps) rate decrease by the Federal Reserve increased due to the US’s weaker-than-expected jobs statistics. In addition, the yield on US Treasury bonds decreased, which hurt the US dollar, which has an inverse …

U.S. oil futures edged higher on Wednesday, buoyed by expectations that OPEC+ may delay a planned output increase to support the market, which has been weighed down by concerns over sluggish demand growth. Oil Prices Climb As of 07:55 EST (11:55 GMT), West Texas Intermediate (WTI) crude oil futures rose …

Interviewed by Al Arabiya Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, Mohammed Hashad shed light on the most important developments and market movements, especially the American stock market, which is achieving remarkable gains. Host: For more on global markets, we’re …