Forex Market

Dubai TV interviewed Mohammed Hashad, Head of Research and Development at Noor Capital and a member of the American Society of Technical Analysts. Hashad discussed recent market developments, asset performance, and investment tools, including oil, gold, and cryptocurrencies. He also shared his expectations regarding monetary policy, particularly the Federal Reserve …

The Canadian Dollar (CAD) experienced a significant surge against the US Dollar (USD) on Friday, August 23, 2024. This rally was primarily driven by the Federal Reserve’s indication of a potential rate cut cycle, which weakened the Greenback.Despite a mixed performance in Canadian retail sales data, the market’s focus shifted …

Despite his refusal to give precise timing or extent hints, Fed Chair Jerome Powell set the foundation for future interest rate reductions on Friday. During the Fed’s annual retreat in Jackson Hole, Wyoming, the Chair of the Board of Directors declared, “The time has come for policy to adjust.” This …

The U.S. dollar weakened on Friday as traders prepared for Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole symposium. Meanwhile, the Japanese yen led gains among major currencies after Bank of Japan (BOJ) Governor Kazuo Ueda reaffirmed his commitment to raising interest rates if inflation continues to …

Japan’s core inflation rate accelerated for the third consecutive month in July, according to data released on Friday, raising challenges for the Bank of Japan (BOJ) as it considers future interest rate hikes. The nationwide core Consumer Price Index (CPI), which excludes volatile fresh food items, rose 2.7% year-on-year, slightly …

European shares were largely flat on Friday as investors adopted a cautious stance ahead of a crucial speech by Federal Reserve Chair Jerome Powell, scheduled for later in the day. The pan-European STOXX 600 index edged up 0.1% to 516.28 points by 0709 GMT, maintaining gains after hitting its highest …

Gold prices rose in Asian trading on Friday, recovering slightly from a steep drop in the previous session. The yellow metal remained supported by cautious sentiment as markets awaited an important address by Federal Reserve Chair Jerome Powell later in the day, which is expected to provide more clarity on …

The US Dollar rebounded from its 2024 lows on Thursday as risk sentiment weakened. Rising US Treasury yields also supported the Greenback, ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole.Key Economic Events Federal Reserve Chair Powell’s Speech: The speech will provide insights into the Fed’s monetary policy …

The United States, burdened by a staggering $28 trillion national debt, is facing a looming fiscal crisis. The increasing interest payments on this colossal debt, now surpassing defense spending, are a stark indicator of the nation’s precarious financial position. This escalating debt burden is a bipartisan legacy, with both recent …

Gold prices retreated from a record high of $2,531 as US Treasury yields rose, with the 10-year note up 6.5 basis points to 3.865%. This decline occurred despite dovish signals from the Federal Reserve.Gold prices declined amid rising US Treasury yields and a stronger US Dollar. While the Federal Reserve …