Forex Market

Gold has demonstrated a remarkable rally, pushing towards multi-day highs near the $3,290 mark per troy ounce and re-establishing its role as a premier safe-haven asset. This surge comes amidst a confluence of factors, including a recent US credit downgrade, persistent geopolitical tensions, and shifting global monetary policy. Concurrently, West …

Interviewed by Dubai TV, Mohamed Hashad, Chief Strategist at Noor Capital and member of the American Association of Technical Analysts, commented on the most prominent event in global markets: the downgrade of the United States’ credit rating. This downgrade, closely linked to rising U.S. debt levels, has raised numerous questions …

A transformative vision for national security is unfolding with the detailed revelation of the “Golden Dome,” an ambitious hemispheric missile shield aiming to redefine America’s defensive capabilities. President Donald Trump has championed this initiative, announcing initial funding and a designated leader, Space Force General Michael Guetlein, to spearhead its realization. …

Gold prices have seen a notable ascent, driven by a weakening US Dollar and heightened demand for safe-haven assets amidst growing fiscal uncertainty. This movement underscores gold’s traditional role as a reliable store of value in turbulent economic times.The recent downgrade of US sovereign debt by Moody’s has amplified concerns …

A recently established trade truce between the United States and China faces an immediate challenge following a US industry warning against the use of certain Chinese-made chips, particularly those from Huawei. This development has drawn strong condemnation from Beijing, which views the warning as a direct undermining of the preliminary …

U.S. Treasury yields are climbing, fueled by a seismic shift in how global credit agencies view American sovereign debt. This isn’t just a technical market adjustment; it’s a profound signal from the financial world about the nation’s fiscal health, challenging long-held assumptions of unparalleled stability. The recent downgrade by Moody’s …

EUR/USD surged to around 1.1250 in Tuesday’s North American session on May 20, 2025, as the US dollar buckled under a Moody’s credit downgrade and renewed US-China trade friction. The US Dollar Index (DXY) slid toward 100.00, reflecting fears over America’s ballooning $36 trillion debt and tariff uncertainties. Meanwhile, a …

The spotlight turns to Canada this Tuesday as Statistics Canada unveils the April Consumer Price Index (CPI) — a release that could shape the Bank of Canada’s next policy move and determine whether the Canadian Dollar can break free from its recent consolidation phase. Headline inflation is expected to slow …

Gold prices extended their decline in early European trading on Tuesday, with XAU/USD hovering just above the $3,200 level as market appetite for risk continues to weigh on demand for safe-haven assets. Optimism surrounding the recent U.S.-China trade truce, alongside fresh hopes for a Russia-Ukraine ceasefire, have underpinned a broadly …

The Australian Dollar (AUD) is flexing its muscles against the US Dollar (USD), trading near the 0.6450 mark as sentiment turns sour on the Greenback. This resurgence comes on the heels of a significant move by Moody’s, which downgraded the United States’ long-term credit rating from the coveted ‘AAA’ to …