Market Update

Wall Street’s main indexes rose on Tuesday to record highs on the back of strong corporate earnings. The U. S. seasons continued to lift sentiment for equities, while investors await a critical Federal Reserve meeting.The S&P 500 and Nasdaq notched record closing highs for a fourth successive session, while the …

The U.S. Federal Reserve Bank gears up to taper its huge asset purchases as investors are scanning the market before and after signals of how effectively the central bank can tighten the U. S. monetary policy to deal with stubbornly high inflation.Fed policymakers are expected to give the green light …

Wednesday will bring decisions of the Fed’s November meeting to the financial markets, and Friday will bring Non-farm Payrolls, so financial markets rre amid some heavy drivers for the USD.It is expected that this is the rate decision at which the Fed will announce their intentions to begin tapering asset …

Dow Jones futures were higher early Tuesday after the stock market rally hit record levels yesterday. Tesla stock surged to more all-time highs. And Mosaic, NXP Semiconductor and ZoomInfo were three earnings movers after the close.The Dow Jones Industrial Average moved up 0.3%. The S&P 500 rose 0.2%, while the …

So many jobs depend on automaking, this is why the industry’s production problems are causing tedious pain to several businesses and organizations. The Opel factory in Eisenach, Germany, is halting production and doesn’t plan to restart until next year. Trouble in the auto industry, a powerful engine of the global …

Hosted by Dubai TV, Mohamed Hashad, Director of Research and Development at Noor Capital, said that there are factors that could pressure oil prices during the upcoming period. Given that it is one of the most traded assets in the markets, it is sensible that oil prices occupy traders and …

The GBP/USD pair is being pressured at the start of the week, down by about 0.3% after sliding from a high of 1.3669 to a low of 1.3608 so far and staying close to a three-week low. Central banks are the focus for the week with uncertainty as to whether …

As Fed’s November meeting looms, spot gold (XAU/USD) prices trade marginally lower on Tuesday, having gradually ebbed in recent hours from the Asian session’s highs in the mid-$1790s to current levels around $1790. Gold prices have been undulating either side of the 200 day moving average (currently at $1792.40). The …

Markets are quiet and investors are waiting for the Fed meeting. Markets are widely expecting Jerome Powell to announce a clear schedule to start tapering. Brent crude futures for January 2022 delivery scored about $84.33 a barrel, down 0.33%, and US crude was about $83.43 a barrel, down 0.74%. During …

This week the market is looking for the Fed’s monetary policy meeting and perhaps the arrival of tapering, or at least an announcement of the schedule and start date. In the bank’s last meeting in September, Fed Chair Jerome Powell said tapering in November is high on the agenda and …