Forex Market

The Bank of Canada announced on Wednesday that it was holding its overnight interest rate at 0.25%, as the majority of market participants had been expecting. Note that a minority had expected a 25bps rate hike to 0.50%. The central bank also signaled that a rate hike would likely be …

Dubai TV interviewed Mohamed Hashad, the Director of Research and Development at Noor Capital and member of the American Association of Technical Analysts, to comment on a number of the latest developments that financial markets are witnessing this week, most notably: First: Crude Oil In light of the continuing geopolitical …

The US Federal Reserve will announce its monetary policy decisions on Wednesday, January 26 at 19:00 GMT, and as we get closer to the release time, here are the expectations as forecast by analysts and researchers of 4 major banks. Wells Fargo “We highly doubt the FOMC will start the …

The euro hovered near one-month lows against the dollar and the yen on Wednesday, weighed by fears of a military conflict in Ukraine and ahead of the conclusion of US Federal Reserve meetings that could usher in an accelerated tightening of monetary policy. The Bank of Canada is scheduled to …

Gold prices stabilized on Wednesday as investors held off big bets ahead of a decision on the pace of monetary policy tightening at the US Federal Reserve meeting, while tensions surrounding Ukraine kept gold near a 10-week high hit in the previous session. And gold settled in spot transactions at …

Traders and market participants await the US Fed to adopt firm plans to raise interest rates and taper its holdings of U.S. Treasury bonds and mortgage-backed securities, which have swollen its balance sheet to about $9 trillion.The Fed’s two-day meeting ends Wednesday. Analysts’ views of the meeting are mixed, with …

The Euro fell to a one-month low on Tuesday as tensions between Russia and the West over Ukraine drew investors to the dollar, a day before the Federal Reserve is expected to reveal details on its plans to tighten monetary policy.Tensions remained high after NATO said on Monday it was …

The gold index (XAU/USD) has rallied on Tuesday, adding around 0.5% to the scale after climbing from a low of $1,834.95 to a high of $1,853.88 so far. The US dollar has come under pressure after reaching a two-week peak over tensions between Russia and the West. However, there was …

Uneven and rather unpredictable trading conditions have prevailed for a second successive session on Tuesday. Ahead of the US close, the S&P 500 is still trading in the red territory but has recovered sharply off earlier session lows, giving a sense of De-Ja Vu after yesterday’s ferocious late-session recovery.The net …

The USD/CHF pair hit its highest level in nearly two weeks on Tuesday as the Swiss franc lost its safe-haven shine despite further downside in US (and global) equities and ongoing Italian political uncertainty. The pair broke to the north of its 200 and 21-day moving averages in the 0.9160 …