Market Update

The dollar hovered near recent peaks against the euro and the yen on Wednesday as investors awaited the Federal Reserve’s start to scale back pandemic-era stimulus and how Chairman Jerome Powell handled inflationary pressures. The dollar index settled little changed at 94.11, close to the 2021 peak of 94.563 recorded …

Gold fell Wednesday morning in Asia, focusing squarely on the latest US federal policy decision. Investors are preparing to assess the US central bank’s plans to combat rising inflation and allay concerns about the economic recovery from COVID-19. Gold futures were down 0.30% at $1,784.05 by 11:29 PM. The Fed …

The European session was fairly quiet as all eyes turned to the Fed’s after-hours statement. Oil prices fell during oil trading, as Brent crude in future contracts for January delivery lost 1.971% and reached 83.05 dollars a barrel, while the price of US crude reached 81.94 dollars a barrel in …

Global financial markets positively closed the U. S. trading session. U. S. shares surged while currencies fluctated over risk sentiment, with the exception of the U. S. dollar, which uniqely performed. Economic DataThere was hardly any economic data impacting price movements in the US period, but the markets are awaiting …

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 …