Market Update

Japan’s Nikkei index rose on Tuesday to close above 30,000 points for the first time in 33 years, supported by technology stocks amid expectations of an influx of investment into chipmakers. The index continued its rise for the third consecutive session, increasing 1.8 percent to 33,018.65 points, surpassing the important …

The dollar fell on Tuesday, but is trading in a narrow range, as investors remain cautious ahead of inflation data due in the United States later in the day, coinciding with the start of the Federal Reserve’s two-day monetary policy meeting. The Consumer Price Index report issued by the US …

The US Bureau of Labour Statistics is expected to release the most important inflation measure, the US Consumer Price Index (CPI) figures, on Tuesday, June 13 at 13:30 GMT. The forecasts by the economists and researchers of 10 major banks regarding the upcoming United States inflation reading give insight about …

US equities opened the trading week with positive performance ahead of key US economic data and monetary policy events. Markets cheered the possibility of the Fed’s ending its rate hike cycle. Incoming economic data will be crucial, with the CPI reading, in particular.The Dow Jones gained 0.56% and the Nasdaq …

WTI crude oil prices have been affected by global economic concerns and a pessimistic outlook. Goldman Sachs has revised its forecast for WTI crude oil from $89 a barrel to $81 by the end of the year due to expectations of increased oil supplies from Russia and Iran. This downward …

Surging US bond yields constitute one factor why the GBP/USD pair retreated from five-week high. The pair is also eyeing key US and UK economic data releases on Tuesday. This retreat comes after failing to breach 1.2600, so the pair is now trading at 1.2512 amid climbing US Treasury bond …

Bitcoin prices dipped over the weekend amid an altcoin selloff but have since rebounded. The BTC/USD pair is up 1.55% and other cryptocurrencies edged higher on Monday, with digital assets primed to react to key macroeconomic forces in the coming days with the awaited US CPI inflation data and the …

Dubai TV interviewed Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Associaltion of Technical Analysts, to comment and analyze the most important developments in the financial markets during the new trading week.After ten consecutive increases in the US interest rate, and asked whether …

The US dollar strengthens, yet Euro holds firm, with the EUR/USD pair at 1.0746 amid policy shifts anticipation. Anticipated Fed’s skip and hike could reshape US-EU interest rate dynamics, potentially favouring Euro.Possible US economic downturn might trigger ‘dollar smile’ as markets eye key economic indices. The EUR/USD pares some of …

Investors will be following the outcomes of monetary policy meetings in the United States, the European Union, and Japan this week, from Wednesday to Friday. Uncertainty over the trajectory of interest rates has recently been common as persistent inflation maintains firm in some places and begins to surrender in others. …