Forex Market

Chinese real estate developer Evergrande has disclosed losses of $81 billion over 2021 and 2022, underscoring the significant debts that remain a concern for the financial health of the Chinese property sector and the world’s second-largest economy. Evergrande’s total liabilities continued to grow in 2022, reaching $335 billion compared to …

The gold market is experiencing new momentum as prices test new significant resistance levels due to growing expectations that the Fed will cease its tightening cycle following its announcement of its monetary policy decision next week. At the time of writing gold is up by +1.20%; trading at 1977.71 per …

The USD/CHF pair dipped to the 0.8555 low, its lowest level since January 2015. US Retail Sales expanded in June but at a slower pace than expected and investors are confident that the Fed won’t hike past the July meeting.On Tuesday, the USD/CHF slid to its lowest level since January …

WTI has recovered over 2% gains, reaching a high near $75.70, following weak retail sales data from the US. The weaker US dollar and dovish bets on the Fed have favored oil prices. Retail sales in the US climbed by 0.2% in June, less than predicted and 0.5% seen in …

After Monday’s unsuccessful attempt at a rebound, the US Dollar is holding steady against its main competitors’ currencies.The US Dollar Index is still varying just below 100. While industrial production decreased in June, US retail sales increased somewhat. During the first trading period of Tuesday’s American session, the dollar was …

The Turkish lira fell more than 2 percent, hitting a new record low against the dollar on Tuesday, amid fears that the Federal Reserve (the US central bank) will raise interest rates this week less than previously expected. The Turkish lira recorded a record low of 26.9 against the dollar, …

European stock markets were calm on Tuesday as telecoms stocks fell, while Swiss stocks outperformed their regional peers after the earnings forecast for pharmaceutical company Novartis was raised. The European Stoxx 600 index settled at 457.71 points by 0711 GMT. The index took a hit on Monday after shares of …

The dollar index faltered near its lowest level in more than a year on Tuesday as investors await fresh catalysts to see if the dollar will continue to fall in the wake of last week’s softer-than-expected inflation report. The dollar index, which measures the performance of the US currency against …

After data on China’s economic growth disappointed, shares of energy companies dropped as oil futures started the week poorly. WTI was down some 1.5% at $74.00 from $76.05. Crude oil prices posted moderate losses on weaker-than-expected Chinese economic data and the restart of crude oil production in Libya as protesters …

Muhammad Hashad, Director of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented, in an interview on Dubai TV, on the latest Chinese economic data issued earlier this morning, Monday July 17, and how this data has affected markets and trading as well …