Market Update

There was little change in gold prices on Tuesday, as the dollar stabilized after recording its largest jump in two weeks in the previous session, while fears of a larger US rate hike by the Federal Reserve persisted. And by 0553 GMT, gold settled in spot transactions at $ 1769.99 …

Japanese stocks ended slightly higher on Tuesday, supported by gains in chip-related stocks as well as exporters, which rose on the back of the yen’s decline against the dollar. The Nikkei index increased 0.24 percent, closing at 27,885.87, while the Topix index rose 0.12 percent, closing at 1950.22. The dollar …

Explosions struck two military airbases deep inside Russia on Monday as a result of drone attacks launched by Ukraine, according to Russian and Ukrainian officials, in what appeared to be an audacious attempt to hit the long-range bombers Russia has used to devastate Ukraine’s power grid.Russia’s defense ministry on Monday …

The WTI crude oil is maintaining its defensive stance after posting the biggest daily loss in two weeks. News has said that Ukrainian drones renew fresh geopolitical fears by attacking deep inside Russia. The said drones attacked military bases hundreds of miles inside Russia and escalated war. This serious development …

https://www.youtube.com/watch?v=44YX52n-6nIIn an interview on Dubai TV, Mohamed Hashad, Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on the most important developments in the financial markets, most notably the following:Oil PricesMuhammad Hashad – at the very beginning – commented on the …

US inflation expectations as per the 10-year and 5-year breakeven inflation rates according to the St. Louis Federal Reserve (FRED) data, challenge the recently hawkish bias over the US Fed.The inflation precursors might have taken clues from the Fed policymakers’ dovish comments, including those from Chairman Jerome Powell, to challenge …

Oil prices fell nearly 3% on Monday, following US service sector data that has added to worries that the Fed could continue its aggressive policy tightening path. So, the data caused oil and stock markets to pare gains.Brent crude futures were down $2.18, or 2.6%, at $83.39 a barrel by …

The GBP/USD pair slides amid risk aversion at start of week US session. The British Pound is vulnerable to soured UK politics and economy. The US dollar bulls are moving in on the face of stronger US economic data.The British Pound is under pressure in the US trading session as …

The Euro is falling against the US Dollar after hitting a six-month high nearby 1.0600. Eurozone data was mixed, though slanted towards the negative territory as Retail Sales retreated. Therefore, the Euro is almost unchanged against the dollar following the release of the positive US ISM Services PMI that underpinned …

The US Dollar fell again last week. However, according to analysts and economists the dollar is expected to consolidate ahead of November Consumer Price Index (CPI) data and December’s FOMC meeting.A shift in momentum signals could keep the US dollar’s negative performance in the short-term. Yet, the US dollar’s downside …