The tech industry is experiencing a severe decline, which has been negatively impacting the stock market. In the upcoming week, GE Aerospace, Tesla, ServiceNow, and Alphabet, the parent company of Google, will all be releasing their earnings results. Amid issues with chips, the CrowdStrike IT failure, and other issues, the …
Read More »Why Has Gold Dropped Below $2,400 after All-Time Peak?
Gold hits a peak of $2,447 before falling 1.90% to $2,398. Fears over Trump’s chances of winning the election and China’s economic expansion strengthen the US dollar. US Treasury yields rise, with the 10-year note at 4.233%; the US Dollar Index rises to 104.34, up 0.18%. The statistics released this …
Read More »How have markets reacted to the Trump assassination attempt?
The assassination attempt on US President and 2024 presidential candidate Donald Trump put the financial markets to a difficult test as a new week of trading began.The markets showed slight confusion at the beginning of trading on Monday, but risk appetite quickly took control of the price movement in the …
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 »Gold Prices Rebound as Traders Anticipate Dovish Signals from Powell Testimony
Gold prices climbed in Asian trade on Tuesday, recovering from overnight losses as investors eagerly awaited Federal Reserve Chair Jerome Powell’s upcoming testimony before Congress, hoping for indications of a potential interest rate cut. Gold’s Recent Gains and Rate Cut Expectations: The precious metal saw a notable increase last week, …
Read More »Gold Dips Slightly, but Holds Near One-Month Highs Amid Rate Cut Anticipation
Gold prices experienced a minor retreat in Asian trading on Monday, as investors paused to assess the upcoming testimony by Federal Reserve Chair Jerome Powell and key inflation data due later in the week. Despite the slight dip, gold remains close to one-month highs, fueled by growing expectations of an …
Read More »Gold Prices Continue Climb on Rate Cut Expectations, Awaiting Payrolls Data
Gold prices continued their upward trajectory in Asian trading on Friday, building on recent gains as the dollar weakened ahead of crucial nonfarm payrolls data, which is expected to offer further insights into the future of interest rates. Key Points: Gold Gains Momentum: Spot gold rose 0.3% to $2,363.61 an …
Read More »Gold surges amid weaker US data, increased rate cut bets
Gold has seen a significant increase in value as weak US data and a change in tone from Federal Reserve Chairman Jerome Powell have increased bets that the Fed will lower interest rates earlier than previously expected. Lower interest rates are positive for Gold as they reduce the opportunity cost …
Read More »US Dollar below 106.00 after PCE data
The US dollar is preparing for French elections risk over the weekend, with early recovery thanks to recent statements by Trump and Suzuki. The PCE data is in line with expectations, with the index hovering around 106.00, back to Wednesday’s levels. Traders are still digesting the Trump-Biden debate, where many …
Read More »How do Biden and Trump’s Teams Tackle Business Concerns, Aspirations?
The Biden and Trump teams are expected to engage in a long-distance economic showdown on Thursday, as both sides try to sell corporate America on their vision for 2025 and beyond. Treasury Secretary Janet Yellen will defend President Biden’s approach at the Economic Club of New York, where she will …
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