Market Update

The USD/CAD pair exchanges hands between 1.3342-1.3417, ahead of the BoC’s monetary policy decision. Analysts expect the BoC to raise rates by 25 bps and to pause. It is worth mentioning that The BoC would release monetary policy minutes for the first time in its history.The USD/CAD climbs toward the …

The European Central Bank will keep raising interest rates quickly to get inflation under control as it remains far too high according to ECB President Christine Lagarde.On Monday, Lagarde was largely repeating the bank’s most recent policy guidance. EUR/USD has found support on the European Central Bank officials’ comments this …

Interviewed on Dubai TV on Monday, Mohammed Hashad, Head of Research and Development at Noor Capital and the member of the American Association of Technical Analysts, commented on the most important developments in the global financial markets on the first day of trading week, and most notably: US Debt Ceiling …

The overall market sentiment on Monday is positive and rising US Treasury bond yields are boosting the US Dollar, driving the Gold Index, XAU/USD, downwards.Gold price has retreated from around the daily $1935.51 highs and dropped below $1915 as US Treasury bond yields recover some ground and underpin the dollar, …

Gold prices fell on Monday, as investors await US economic data this week that may affect the Federal Reserve’s policy in the future, but the decline in the dollar limited the losses of the yellow metal. The spot gold price fell 0.2 percent to $1922.58 an ounce by 0914 GMT. …

European stocks rose on Monday, supported by technology and real estate companies, as expectations that the euro zone will witness a slight recession erased the impact of the hawkish statements of European Central officials that pushed the euro to its highest level in nine months. The pan-European Stoxx 600 index …

Gold prices initially rose in Asian markets on Monday, supported by a weaker dollar and prospects for the Federal Reserve to slow down interest rate hikes. And the price of gold rose 0.1 percent to 1929.04 dollars an ounce at 0014 GMT. There was little change in US gold futures …

Oil prices fell on Monday in the beginning of limited trading due to the Lunar New Year holiday in East Asia, but maintained most of the gains made last week on the back of the possibility of an economic recovery in China, the largest oil importer, this year. Brent crude …

Japan’s Nikkei index jumped more than 1 percent on Monday, tracking a rally on Wall Street last week led by chip-related stocks. The Nikkei ended trading up 1.33 percent, recording 26,906.04 points, after rising earlier to 26,938.28 for the first time in a month. Of the 225 stocks listed on …

New Zealand’s prime minister, Jacinda Ardern, has said she is resigning, in an unexpected announcement that came as she confirmed a national election for October. At the party’s first caucus meeting of the year on Thursday, Ardern said she “no longer had enough in the tank” to do the job. …