Western Texas Intermediate has advanced by 2.66% during the New York session, exacerbated by thin trading liquidity conditions.The market sentiment is positive despite the Omicron variant worldwide outbreak. Tilted to the upside, though a break above the 50-DMA would open the path towards USD 79.00.Western Texas Intermediate, also known as …
Read More »Sterling Traders Eying 1.2600
During the North American session, the British Pound registered modest gains versus the US Dollar. T…
Noor Capital | Interview with Mohammad Hashad on Dubai TV – May 6
“Mohammed Hashad, Head of Research and Development at Noor Capital and a distinguished member …
Oil Prices React to Saudi Moves and Gaza Tensions
Oil futures surged on Monday following Saudi Arabia’s decision to increase crude prices for mo…
Bitcoin Rebounds Amid Rate Cut Speculation
Bitcoin saw a marginal rise on Monday, rebounding from bear market territory over the weekend, altho…
Oil prices rise in futures after Saudi Arabia raises the price of Arab crude
The dollar was broadly stable on Monday, May 6, after a report showed a slowdown in job growth in th…
Gold rises, affected by tensions in the Middle East and hopes of a US interest rate cut
Gold prices rose on Monday, May 6, as continued tensions in the Middle East and expectations that th…
Oil Futures Rise Amid Saudi Price Hike and Gaza Tensions
Oil futures saw an uptick on Monday, May 6, following Saudi Arabia’s decision to raise crude p…
Weekly Recap: Dollar Weakness Yields to Gold and Risk Asset Gains
US Dollar Index (DXY) Slips on Weak Employment Data Significant losses were incurred by the US Dolla…
Wall Street Rallies on Softer US Data, Giants’ Results
On Friday, the stock market rallied, continuing its upward trajectory for a third week. Despite a we…
Shell exceeds expectations with upbeat Q1 profits
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Market Analysis
December, 2021
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27 December 2021 9:36 pm
European Stocks Trade Higher In Final Week Of 2021
European stocks kicked off the last trading week of 2021 with gains on Monday, as traders got one last chance to push the main index toward a record closing high before year-end. Pharmaceutical stocks were among the biggest gainers.The Stoxx Europe 600 index XX:SXXP rose nearly 0.5% to 484.82, with …
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27 December 2021 9:03 pm
USA Dallas Fed Manufacturing Business Index Falls
Texas factory output grew in December at the same pace compared with the previous month, data from a survey compiled by the Federal Reserve Bank of Dallas showed Monday.The production index of the Texas Manufacturing Outlook Survey which is a key measure of state manufacturing conditions, fell slightly to 26.7 …
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27 December 2021 8:49 pm
Wall Street Surges To All Time Highs As Year End Looms
The S&P 500 has risen by 0.75% as the New York session begins. As the Santa Rally extends, the Dow Jones and the Nasdaq surge between 0.39% and 1.16%.The S&P 500 has witnessed an upward bias, as buyers have tended to the 50 and the 100-DMA to open new buying …
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27 December 2021 8:30 pm
Gold Price Subdued Around $1800 Amid Flat US Real Yields
The XAU/USD Index has advanced by 0.09% as the last trading week of the year kicks in. The market sentiment is mixed, as a result of Omicron fears and transmissibility, despite being less dull.The weekly chart depicts a neutral bias, though a descending triangle has formed, threatening of pushing prices …
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27 December 2021 7:28 pm
EUR/USD Remains Within Narrow Trading
The EUR/USD pair has remained on the defensive heading into the early North American session, and rather has managed to hold its neck above the 1.1300 round-figure mark.Having failed to make it through the 1.1340-50 resistance zone on Friday, the EUR/USD pair witnessed a subdued price action on the first …
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27 December 2021 6:28 pm
Market Drivers – European Session 27-12-2021
The market was quiet due to the Christmas and New Year holidays. The People’s Bank of China (PBOC) said on Monday that it will steadily implement a management system for real estate financing, as reported by Reuters. The Chinese Ministry of Finance said, today, Monday, that the country will implement …
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27 December 2021 5:34 pm
Gold Declines Marginally With The Rise of The Dollar
Gold prices fell in weak trading on Monday, with the dollar rebounding, although it is still hovering near its highest levels in a week, with increased demand for safe havens due to concerns linked to the pivot omicron. And gold fell in spot transactions 0.1% to $ 1806.60 an ounce, …
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27 December 2021 4:33 pm
The Turkish Lira is Falling After Record Highs That Lasted 5 Days
The Turkish lira fell after record highs over five days, disregarding the messages of reassurance from the government. The currency fell 6.2% to 11.3399 per dollar, on a weak trading day, and since the beginning of the year, the lira has lost 34% of its value, which is the largest …
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27 December 2021 3:17 pm
European Shares Decline in Limited Rrading
European shares fell in limited trading due to the Christmas holiday on Monday as risk appetite was hit after the mutant Omicron led to a spike in COVID-19 cases globally. The pan-European Stoxx 600 index fell 0.2 percent after Asian shares were mixed. Banks and technology stocks were among the …
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27 December 2021 2:23 pm
Market Drivers – Asian Session 27-12-2021
Japanese stocks closed lower on Monday with SoftBank Group leading losses as concerns over the fallout from the mutated Omicron from the coronavirus outweighed the positive impact of gains in technology heavyweights. The Nikkei index fell 0.37 percent to close at 28,676.46 points, while the broader Topix index fell 0.45 …
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27 December 2021 1:25 pm
Japanese Stocks Close Lower on Omicron Fears
Japanese stocks closed lower on Monday with SoftBank Group leading losses as concerns over the fallout from the mutated Omicron from the coronavirus outweighed the positive impact of gains in technology heavyweights. The Nikkei index fell 0.37 percent to close at 28,676.46 points, while the broader Topix index fell 0.45 …
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27 December 2021 11:37 am
Oil Prices Fluctuated And US Crude Fell
Oil prices were mixed on Monday, with Brent crude rising, while US crude futures fell after airlines canceled thousands of flights in the United States over the Christmas holidays amid a surge in Covid-19 infections. US West Texas Intermediate crude futures fell 41 cents, or 0.6 percent, to $73.38 a …
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