Forex Market

GBP/USD pair is attempting to correct a daily bearish impulse and is trading 0.18% higher on Monday’s session. GBP/USD has travelled from as low as 1.3402 to a high of 1.3449, scoring the high in recent trade as bulls take on daily resistance with 1.3480 eyed. The sterling has been …

Reiterating the ECB’s well-known stance on inflation, ECB’s de Guindos said that the current phase of higher inflation, which partly reflects an increase in energy prices and supply constraints, could last longer than expected only some months ago. Supply shortages may dampen activity while pushing up prices, adding to the …

Director of Research and Development at Noor Capital and member of the American Association of Professional Technical Analysts, Mohamed Hashad, was a guest on Dubai Channel to comment on the most outstanding developments in the financial markets today and throughout the current week. US-China Virtual Summit in Spotlight The markets …

After reaching four-week highs, the USD/CAD pair has slumped for the second successive session down 0.18%, the pair is now trading at 1.2524 during on Monday.The fall is mainly driven by US dollar’s current weakness, caused by a weaker than expected University of Michigan consumer sentiment that plummeted to a …

Gold prices fell Monday, November 15, retreating from their highest level in more than 5 months in the previous session, as cautious investors assessed whether rising inflation would trigger a more aggressive response from central banks. Spot yellow metal prices fell 0.3% to $1858.73 an ounce, while US gold futures …

Inflation fears dominated the market this week. Wall Street closed higher Friday, November 12th, driven by the rise of market leaders, as investors shrugged off disappointing US economic data. The U.S. A University of Michigan survey showed that US consumer sentiment in early November plunged to a decade low as …

The “Big Short” movie star Michael Burry returned to Twitter Friday. After earlier remarks about inflation, SEC and Fed policies, the movie star who is also CEO of Scion Asset Management says that Elon Musk has wrong calculations and had it not quite right with his Rivian comments. Earlier in …

A handful of bearish factors are driving oil prices lower, with both WTI and Brent set for a third successive weekly loss.While crude prices have been relatively range-bound recently, hovering within the $80-85 per barrel range, they are expected to suffer their third weekly decline in a row. Yet, beyond …

Mohamed El-Erian, chief economic adviser at Allianz SE, criticized the Federal Reserve’s long-standing narrative of transitory inflation on Friday following data that revealed prices are rising at the fastest rate since 1990.“There are lots of structural changes going on in the post-pandemic economy … you can’t simply dismiss them as …

Higher inflation does not affect all households equally, with people on fixed incomes taking a bigger hit, New York Federal Reserve Bank President John Williams said Friday.