Market Update

The U.S. dollar edged lower on Tuesday, reflecting cautious sentiment as the country heads into a closely contested presidential election that could trigger significant foreign exchange volatility. The Dollar Index, which measures the greenback against a basket of six major currencies, fell by 0.1% to 103.655 at 04:10 ET (09:10 …

The Reserve Bank of Australia (RBA) maintained its benchmark interest rate at 4.35% on Tuesday, reaffirming its commitment to restrictive monetary policy to address inflation concerns. The RBA emphasized that its top priority remains guiding inflation back within its 2-3% target range, though it refrained from committing to specific future …

Most Asian markets faced declines on Tuesday, with traders cautious ahead of the U.S. presidential election and the Federal Reserve’s expected rate cut later in the week. The uncertain race between Donald Trump and Kamala Harris has heightened risk aversion, keeping investors on the sidelines. Chinese Markets Supported by Positive …

MAGANOMICS is a term used to describe the economic policies advocated by former US President Donald Trump. These policies generally prioritize tax cuts, deregulation, and protectionist trade measures.“MAGAECONOMICS” refers to the economic policies and principles associated with former President Donald Trump’s “Make America Great Again” (MAGA) agenda. These policies were …

The AUD/USD surged higher on Monday, rising by 0.70% to 0.6600 amid expectations of a hawkish Reserve Bank of Australia (RBA) policy decision and uncertainty surrounding the US presidential election. The US Dollar weakened on speculation of a Kamala Harris victory and the Federal Reserve’s dovish rate cut bets.Economic Data …

US Election Driving Market Sentiment WorldwideThe US Dollar Index (DXY) weakened early this week as investors unwound positions related to the “Trump trade” and grew cautious ahead of the US election on Tuesday and the FOMC meeting on Thursday.Key Currency Pairs and Economic Events:EUR/USD: The pair climbed above 1.0900, but …

Commenting on key financial assets, in an interview with Dubai TV, Mohamed Hashad, Chief Strategist at Noor Capital and the member of the American Association of Technical Analysts, highlighted that markets are closely watching the upcoming US presidential election.Financial Assets Most Likely Affected by a Potential Trump Victory Regarding the …

The Dow Jones Industrial Average (DJIA) declined over 0.29% on Monday, as investors grapple with uncertainty surrounding the US presidential election and the Federal Reserve’s upcoming rate decision.Market Volatility and Election ConcernsRecent fluctuations in election polls have heightened market volatility. The CBOE Volatility Index (VIX) has surged above 20, indicating …

Monday saw a decline in the value of the US dollar as Ipsos surveys predicted that Vice President Kamala Harris will win the US presidential election. With the FOMC meeting taking place amid uncertainties surrounding the US presidential election, traders are in for a highly tumultuous week. The US dollar …

U.S. stock index futures ticked higher Monday morning as markets brace for a high-stakes week that includes the closely contested U.S. presidential election and a Federal Reserve policy meeting. At 06:10 ET, Dow Jones Futures were up by 60 points (0.1%), S&P 500 Futures rose by 12 points (0.2%), and …