EUR/USD pair is stuck in a range and awaits major data this week. Traders will have both Eurozone and US economic calendar to potentially find catalysts that will move the EUR/USD.EUR/USD is moving sideways during the US holiday, the pair seems reluctant to leave Friday’s price range. The Euro has …
Read More »Gold could face losses as bond yields continue surging
As bond yields surge, investors Advised To Build Strategic Position in the gold marketEconomists do expect to see lower gold prices in the near term as markets begin to price in further aggressive monetary policy action from the Fed. Higher inflation prompted markets to price in a 21% chance that …
Read More »Noor Capital | Interview with Mohammed Hashad on Dubai TV – February 20, 2023
In an interview on Dubai TV, Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, highlighted and commented on the most important developments in financial markets.ECB’s Upcoming Rate DecisionAsked about the expected scenario for the European Central Bank’s decision to …
Read More »Official: SNB is still willing to be active on the forex markets
The Swiss National Bank is “still willing” to be active on the foreign currency markets in pursuing its goal of price stability, Vice Chairman Martin Schlegel said on Monday.“If the Swiss franc depreciates we are ready to sell foreign exchange, if the Swiss franc appreciates strongly we are willing to …
Read More »GBP/USD recovered, with little hope to stage a sustainable rise.
The British Pound fought back from below 1.20/USD and the 200-DMA (1.1938) on Friday but conviction for a return to 1.2450 is low based on the outlook for a widening in US/UK rate differentials. Based on implied market rates, the Fed/BoE spread could widen to almost 100 bps in 2Q, …
Read More »European stocks are stable and Telecom Italia is the biggest loser in the euro area
European stocks were flat on Monday, as continued gains in mining stocks, on the back of bets on demand recovery in China, offset losses in Telecom Italia, which led the decline in stocks in the eurozone. The pan-European Stoxx 600 index was little changed after rising slightly at the start …
Read More »USD Rose supported by a series of strong US economic data
The dollar rose on Monday, supported by a string of strong economic data from the United States that traders bet will cause the Federal Reserve to continue tightening monetary policy for longer than initially expected. The dollar rose broadly in early Asian trade, with the pound sterling falling 0.12 percent …
Read More »Gold prices fell on USD and rates fear
Gold prices fell on Monday, affected by the rise in the dollar, and after recent US economic data raised concerns that the Federal Reserve may raise interest rates further. The spot gold price fell 0.2 percent to $1,837.59 an ounce by 0048 GMT. US gold futures fell 0.1 percent to …
Read More »China remains the benchmark lending rate for the sixth consecutive month
China kept its benchmark lending rates unchanged for the sixth consecutive month in February, in line with expectations, as the world’s second-largest economy showed more signs of lasting recovery from the recession caused by the COVID-19 pandemic. A batch of better-than-expected data recently points to a recovery in economic activity …
Read More »Financial Markets’ Weekly Recap, 13-17 Jan
The US dollar achieved strong gains in the last trading week, driven by a series of strong US economic data, with the markets increasing expectations that the US Federal Reserve will continue its tightening approach. In terms of weekly trading, the US dollar recorded a strong rise in today’s trading, …
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