Forex Market

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 …

About 29 Democrats in the House are calling for US President Joe Biden to step down. However, some top Democrats privately believe that the rising pressure of party congressional leaders and close friends will persuade Biden to quit the presidential race as soon as this weekend. The 81-year-old president remains …

Long-term gains are seen in the US Dollar DXY, which approaches 104.365 as sellers retreat. The USD may still be burdened by worries about the US labor situation. By the conclusion of the week, the US was benefiting from risk aversion.Notwithstanding ongoing concerns over the job market, the US dollar …

The USD/JPY pair rises up 0.06%, but fails to break above 158.00. Key supports at 157.00, 156.00, and bottom of the Kumo at 155.50/60; further support at 155.37 and 155.00. Potential resistance at 157.50 and July 16 peak at 158.85 if buyers push the pair higher.The USD/JPY edged up during …

Gold hits a peak of $2,447 before falling 1.90% to $2,398. Fears over Trump’s chances of winning the election and China’s economic expansion strengthen the US dollar. US Treasury yields rise, with the 10-year note at 4.233%; the US Dollar Index rises to 104.34, up 0.18%. The statistics released this …

A seemingly routine software update from cybersecurity firm CrowdStrike unleashed a wave of chaos on Friday, causing widespread disruptions to critical computer systems worldwide. The malfunctioning update impacted a multitude of industries and services, from grounding flights and silencing broadcasters to disrupting banking and healthcare operations. The culprit behind the …

The U.S. dollar gained slightly on Friday, setting the stage for a positive week, while the British pound retreated following the release of disappointing retail sales figures. Dollar Finds Support: The dollar index, which tracks the greenback against a basket of six major currencies, rose 0.2% to 104.065, recovering from …

The July meeting is likely to see continued stable rates. However, a future rate cut depends on inflation and the overall health of the economy. The Fed will be monitoring data closely and adjusting policy as needed. The Federal Reserve’s next policy meeting is coming up on July 30-31, 2024. …