Forex Market

Gold continues to trade with an uptrend bias on Monday after breaking above key resistance last Friday in the $1814 per ounce. Prices surpassed $1820 earlier in the U. S. session, the highest level in over two months. Gold bulls will now be eyeing a move back to test resistance …

Paving the way for Biden’s Administration to take further steps in the path remaking the Federal Reserve Bank, Federal Reserve Governor Randal Quarles said he will step down from his post around the end of the current year. The resignation announcement has come a little over a month after ending …

Fed Chair Jerome Powell spoke, Monday, before the “Gender and the Economy Conference”, a symposium hosted by the Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, Washington, D.C. (via webcast). Following is the full text of Powell’s speech: Good morning. I am pleased to …

GBP/USD attracted some buyers on Monday near the mid-1.3400s amidst renewed USD selloff.The prevalent risk-on environment acted as a headwind for the safe-haven USD. Rebounding US bond yields, according to a wide range of investors could limit the USD slide and lead to gains.The dovish BoE and Brexit jargon could …

In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. USD Hashad pointed out that last week was one of the most critical weeks ever in November, as there were major statements from the Central Banks, most …

Gold rose in Monday morning trading in Asia, hitting its highest level in two months. The dollar also gave the yellow metal a boost. Gold continues to rise in these moments, achieving a rise of 0.3% to record 1822.56 dollars an ounce, while gold contracts recorded 1824.45, an increase of …

Gold prices continued to climb to a two-month high on Monday, as investors maintained their view that central banks will continue to maintain low interest rates for the time being. Investors are turning their attention to core inflation data in the US due later this week. And the spot price …

All expectations that signals by BoC and RBA could push the world’s monetary policy actors to accelerate their own timelines for interest rate hikes, ran into a solid wall with the U. S. Federal Reserve and European Central Bank announcing they would not hike interest rates so fast, though Fed …

The KSA boosted prices just after refusing to bend to U.S. pressure to pump more crude oil. With OPEC unanimously agreeing to stick to its plans, attention now turns to whether U.S. President Joe Biden will respond.The total active U.S. rig count, which includes those drilling for natural gas, climbed …

The U. S. dollar jumped on Friday to hit highest level in a year, after official data revealed more solid U.S. job growth in October, but the American currency retreated in late trading as risk appetite improved and stocks surged.NFP increased by 531,000 jobs last month, above expected 450,000, as …