Forex Market

The assassination attempt on US President and 2024 presidential candidate Donald Trump put the financial markets to a difficult test as a new week of trading began.The markets showed slight confusion at the beginning of trading on Monday, but risk appetite quickly took control of the price movement in the …

Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements, especially the American markets, which recorded further gains following the assassination attempt on Trump and amid ongoing negotiations …

Fed Chairman Jerome Powell noted that the US economy has performed remarkably well in recent years while giving a nod of the head to recent inflation readings. The head of the Fed also reaffirmed that the Fed won’t be waiting until inflation reaches the 2% annual target.Key QuotesEconomy performed remarkably …

Gold price gains above $2,430, driven by growing speculation for Fed rate cuts in September. Softer-than-expected US inflation for June indicated that price pressures are on course to return to 2%.Investors await Fed Powell’s speech and the US Retail Sales data for June. The XAU/USD Index resumes its upside journey …

Gold stands as one of the world’s most favored financial investments, particularly during periods of market volatility such as the present. Its appeal lies in the high level of security it offers investors, coupled with minimal—sometimes even negligible—risk. This safety applies whether one is dealing in physical gold or trading …

Mohammed Hashad, Head of Research at Noor Capital and a member of the American Society of Technical Analysts, dissected Jerome Powell’s recent testimony before the US House of Representatives. Hashad highlighted a shift in the Fed’s approach, prioritizing both inflation control and labor market health for a balanced economic recovery. …

The Dow Jones climbed by 450 points, hitting an all-time high above $40,200.00. Markets are mostly ignoring the fact that US PPI wholesale inflation has accelerated. Five-year inflation predictions eased, while US consumer mood surveys deteriorated.Even though US Producer Price Index (PPI) inflation increased more quickly than anticipated in June, …

The EUR/USD pair is trading slightly above 1.0900 in the European session on Friday, exactly at 1.0905 at the time of writing.The US economic calendar will feature producer inflation data for June. Near-term technical outlook points to overbought conditions for the pair.The EUR/USD pair gathered bullish momentum during the North …

Gold prices experienced a minor dip in Asian trading on Friday, but still held strong gains from the previous session, bolstered by softer-than-expected U.S. inflation data that fueled expectations of a September interest rate cut. Gold’s Strong Performance: The yellow metal surpassed the significant $2,400 an ounce level on Thursday, …

Federal Reserve Bank of Chicago President Austan Goolsbee on Friday marked the latest inflation report as “excellent.” Goolsbee further stated that the reports prove that the central bank is on track to meet its 2% target.The US Dollar Index (DXY) is trading unchanged on the day at 104.45, as of …