Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements, especially the American markets, which recorded further gains following the assassination attempt on Trump and amid ongoing negotiations …
Read More »Gold Sets New Record High on US Rate Cut Hopes
Gold prices soared by more than 1.93% on Tuesday, fueled by intensifying expectations for a US interest rate cut in September. This sentiment gained momentum following the release of the latest US inflation data, which came in weaker than anticipated. The attempted assassination of former US President and Republican candidate …
Read More »Noor Capital | Mohammed Hashad’s Interview on Dubai TV, July 15
Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements, especially the American markets, which recorded further gains following the assassination attempt on Trump and amid ongoing negotiations …
Read More »Market Drivers; US Session, July 10
Amid lower US Treasury yields, the USD Index (DXY) maintained the vacillating attitude just over the 105.00 level. The weekly Initial Jobless Claims report, lectures by Fed members Cook and Bostic, and the announcement of the US Inflation Rate take center stage on July 11. The EUR/USD pair somewhat recovered …
Read More »Market Driver; US Session, July 3
The US dollar fell to multiday lows in the wake of another data-driven sell-off, which coincided with a general decline in US rates and the July 4 Independence Day holiday. The UK general elections are also anticipated to be actively watched by markets in the lead-up to the French second …
Read More »Oil Prices Slip as Investors Await Key Inflation Data and Fed Meeting
Oil prices edged lower on Tuesday, as market participants adopted a cautious stance in anticipation of crucial U.S. inflation data and the outcome of the Federal Reserve’s policy meeting. These events are poised to offer valuable insights into the trajectory of inflation and its subsequent impact on fuel demand. Brent …
Read More »Oil Prices Inch Up on Summer Demand Hopes, Yet Dollar Strength Limits Gains
Oil prices saw a slight increase on Monday, June 10th, driven by optimism surrounding a potential surge in fuel demand during the upcoming summer months. However, the gains were tempered by a strengthening dollar, fueled by diminishing expectations of immediate U.S. interest rate cuts. Analyst Projections and Market Sentiment Goldman …
Read More »U.S. Economy Adds More Jobs Than Expected, Challenging Rate Cut Expectations
The U.S. economy defied expectations in May, adding a robust 272,000 jobs, significantly exceeding forecasts of 182,000. This surprisingly strong job growth, coupled with a 0.4% increase in average hourly earnings and a slight uptick in the unemployment rate to 4.0%, suggests that the labor market remains resilient and may …
Read More »Oil Prices Edge Up on Supply Reassurances, but Weekly Losses Loom
Oil prices experienced a slight uptick on Friday as Saudi Arabia and Russia, key members of OPEC+, signaled their willingness to adjust output agreements if necessary. However, the market remains on track for its third consecutive weekly loss, primarily due to concerns about increased supply following the recent OPEC+ meeting. …
Read More »Oil Prices Edge Higher on Rate Cut Expectations, Despite Supply and Inventory Concerns
Oil prices rebounded for the second consecutive day on Thursday, driven by growing optimism that the Federal Reserve may cut interest rates as early as September. However, the potential for higher supply from OPEC+ and rising U.S. inventories kept the price gains in check. Brent crude futures rose 0.42% to …
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