Market Update

Japanese authorities are keeping markets on high alert as they reaffirm their commitment to take necessary measures against excessive volatility in the yen. The recent sharp decline of the currency to 38-year lows has sparked speculation about potential government intervention, and recent statements by Chief Cabinet Secretary Yoshimasa Hayashi have …

Oil prices experienced a decline on Tuesday due to worries about a slowing Chinese economy potentially reducing oil demand. This occurred despite a growing consensus that the U.S. Federal Reserve might begin cutting interest rates as early as September. Key Points: Chinese Economic Slowdown: China’s weaker-than-expected economic growth in the …

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 …

BlackRock released its financial results for 2024’s Q2 on Monday. As a fiduciary to investors and a leading provider of financial technology, the company helps millions of people build savings that serve them throughout their lives by making investing easier and more affordable. BlackRock BLK +0.67% saw a modest increase …

Bitcoin’s price experienced a significant rebound on Monday, recovering from recent lows, as markets reacted to the attempted assassination of former President Donald Trump. Speculation that the failed attack could boost Trump’s chances of a second term fueled the cryptocurrency’s rise, given his favorable stance on cryptocurrencies. Key Points: Bitcoin …

Asian currencies remained largely steady on Monday, while the U.S. dollar saw a modest uptick as investors sought safe-haven assets following the shocking attempted assassination of former U.S. President Donald Trump over the weekend. Market Activity Subdued, Yen in Focus Trading volumes across Asia were noticeably thin due to a …

The world’s financial markets face a turbulent opening on Monday following a shocking turn of events in American politics. The attempted assassination of former President Donald Trump on Saturday has sent ripples through the global economic landscape, with Asian markets poised to be the first to react to this unprecedented …