USD/JPY took advantage of the positive correlation with US Treasury yields hitting a new high after yields on benchmark bonds showed a significant amount of consolidation throughout the trading day, on Thursday.US Treasury bond yields were able to consolidate in an upward trend on Thursday with the emergence of several …
Read More »Gold Holds Steady Close to 4-Week Low
Gold prices steadied on Wednesday, hovering near a four-week low as investors awaited a decision fro…
USD Approaches Yearly Highs Following Strong Economic Data, While JPY Declines
On Wednesday, the dollar edged closer to its highest level since November in anticipation of the Fed…
Gold Prices Decline to Lowest Point in 4 Weeks
Gold prices dipped on Wednesday to their lowest level in nearly four weeks as investors awaited the …
Nikkei index closed lower as investors awaited the Fed’s decision
Japan’s Nikkei index experienced a downturn on Wednesday as traders exercised caution ahead of…
AstraZeneca’s Fresh Drug Updates Counteract Vaccine Impact
AstraZeneca is beating the odds this week. The COVID-19 vaccination is still controversial, but it d…
Market Drivers; US Session, April 30
In the face of ongoing caution, the US dollar appreciated sharply ahead of Wednesday’s FOMC me…
Fed poised to keep rates unchanged despite expected rhetoric change
Markets expect the Fed rate to remain unchanged at the end of the Federal Open Market Committee meet…
Amazon Surges following Strong Q1 earnings amid challenges
Beyond forecasts, Amazon’s performance during Q1 was a remarkable success, with continued domi…
Gold price dips ahead of FOMC decision
XAU/USD trades at $2,292, down by over 1.50% on Tuesday. The US Bureau of Labour Statistics reported…
Noor Capital | Interview with Mohammad Hashad on Dubai TV – April 29
Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Association o…
Market Analysis
March, 2024
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22 March 2024 2:07 am
New Zealand’s exports, imports surge
The seasonally-adjusted Trade Balance in New Zealand increased to $-11.99 billion YoY at the end of February, from the previous period’s $-12.62 billion. This was due to a little dip in January that was followed by a rise in both imports and exports in February. New Zealand’s trade gap, also …
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22 March 2024 12:39 am
US stocks rose for the second day in a row following Powell’s remarks
US stocks have continued to rise since the beginning of the North American trading on Thursday, with a boost of optimism left by expectations of an official interest rate cut by the Federal Reserve following the Fed’s announcement to keep the interest rate at the same levels without change one …
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21 March 2024 11:45 pm
Sterling retreats on Dovish BoE, Stronger US Dollar
The major central banks’ monetary policy announcements cause the pound sterling to plunge sharply against the US dollar, hitting a new low that hasn’t been seen in two weeks. The market took a wrong turn on Thursday after the Bank of England became more dovish. As of this writing, the …
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21 March 2024 11:20 pm
Gold Retreats on Stronger US Dollar, Surging T-Yields
On Thursday, the price of gold fell again, giving up some of its previous gains. The US dollar strengthened and US Treasury yields increased throughout this decline. The market’s change was influenced by the Federal Reserve’s decision on monetary policy on Wednesday. Even if the Fed recognized a robust economy …
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21 March 2024 9:41 pm
Could Labour Market Trigger Chinese Economy’s Next Problem?
The official jobless rate surged for the third straight month as a result of the economic boom in China. The increase in unemployment is part of a string of encouraging economic data that Beijing has revealed, including the fact that factory investment surged and industrial production increased dramatically in January …
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21 March 2024 7:16 pm
Ahead of Halving, History Hints at a Likely Rally in Bitcoin
Following a recent decline from its all-time high, bitcoin is last seen at $65507. Economists and analysts are discussing historical trends that point to the looming halving event that is anticipated in April in response to this price volatility.It is worth noting that Bitcoin reversed early losses and moved higher …
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21 March 2024 6:33 pm
Congress Unveils Spending Plan to Avoid Partial Government Shutdown
Congress finally revealed a $1.1 trillion spending plan to finance homeland security, defense, and other initiatives after many days of delays. Though Congress have less than 48 hours to take action, this move is an attempt to avoid a partial US government shutdown. The deal will be voted on by …
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21 March 2024 4:35 pm
Turkish Central Bank Surprises Markets with Interest Rate Hike
In a surprising move, the Turkish Central Bank raised its benchmark interest rate by 500 basis points, reaching a staggering 50%. This decision comes in contrast to market expectations of holding rates steady and marks the second meeting under the leadership of the new bank governor, Fatih Karahan. The move …
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21 March 2024 1:45 pm
Pound Steadies Ahead of Bank of England Meeting
On Thursday, the pound stabilized against the dollar as traders awaited the Bank of England’s meeting, widely anticipated to maintain UK rates, though uncertainty looms over its monetary policy outlook. This week sees a flurry of central bank decisions. Notably, the Bank of Japan surprised markets on Tuesday by abandoning …
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21 March 2024 12:49 pm
Germany’s Economic Downturn Eases in March Amid Signs of Stabilization
In March, Germany’s economic downturn showed signs of easing, with business activity in the country’s service sector approaching stabilization, according to a preliminary survey released on Thursday. The HCOB German Flash Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 47.4 in March from 46.3 in February. Although …
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21 March 2024 11:41 am
Britain’s Budget Deficit Widens in February Due to Rising Costs and Past Inflation
In February, Britain experienced a larger-than-expected budget deficit, driven by increased cost-of-living payments and the lingering impact of past inflation on public finances, according to official data released on Thursday. The public sector net borrowing, excluding state-owned banks, amounted to £8.401 billion last month, compared to £11.843 billion recorded a …
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21 March 2024 11:07 am
Oil prices rise supported by a decline in US inventories of crude and gasoline
Oil prices rose on Thursday after falling in the previous session, supported by a decline in crude and gasoline inventories in the United States after indications that the Federal Reserve (the US central bank) may keep interest rates high for a longer period, affecting expectations for future fuel demand. By …
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