Forex Market

The Bank of Canada is set to cut interest rates for a second straight meeting to avoid a recession and prevent an inflation flare-up. Governor Tiff Macklem stated that he sees a soft landing, a slowdown that cools price pressures without triggering mass job losses. He became the first Group …

European stocks opened flat on Tuesday, with gains in the technology sector balancing out losses in metal miners. This balanced start follows the market’s best performance in over a month on Monday. Driving the technology sector’s upward momentum were strong earnings reports from software giant SAP and computer peripherals manufacturer …

Gold prices saw little movement in Asian trade on Tuesday, hovering near 11-day lows as traders sought further clarity on U.S. political developments and monetary policy ahead of the Federal Reserve meeting next week. Despite a significant drop from record highs reached earlier this month, gold remained relatively stable due …

Donald Trump, the Republican presidential contender and former US president, has emerged as a new influential force in the financial markets in the recent past, and his chances of winning the US presidential election in 2024 are being closely watched. These prospects have grown recently due to certain developments that …

On Monday, the USD/CHF pair was able to begin the new week with mild gains, reaching 0.8895. The market sentiment was significantly influenced by political factors centered around the upcoming presidential turnover. Investors are bracing themselves for a busy week due to a packed US economic calendar, which is expected …

The most recent indications of declining inflation and slowing economic activity are likely to have an impact on the Federal Reserve’s decision to lower interest rates. Food and energy-related prices in the personal consumption expenditures price index are predicted to increase by 0.1% in June for the second time in …

In the first three months of 2024, the Eurozone’s debt increased as France battled to stabilize its finances following weeks of political unrest. The EU statistics agency, Eurostat, reported that the 20 nations in the currency area had debt of 88.7% of GDP, up from 88.2% in the prior quarter.The …

Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements, especially the American markets, which recorded further gains following the assassination attempt on Trump and amid ongoing negotiations …

Gold prices saw a slight uptick in Asian trading on Monday, driven by safe-haven demand as investors reacted to U.S. President Joe Biden’s surprise decision to drop out of the 2024 reelection race and endorse Vice President Kamala Harris. Despite a recent decline from record highs last week due to …

This week, financial markets navigated a mix of influences, with technology and political developments grabbing the spotlight. While the US dollar strengthened, and gold prices surged, stock markets witnessed some profit-taking. The overall sentiment leaned towards safe-haven assets like gold due to economic uncertainties and geopolitical tensions. Microsoft shares were …