The dollar experienced a slight decline on Wednesday, despite remaining near its highest level in two weeks. This was supported by factors such as rising US Treasury yields and caution in risk appetite, impacting Wall Street. Trading activity was relatively thin in Asia due to the holiday in Japan. The …
Read More »Dollar Hits 5-Month Low
The dollar faced a decline on Wednesday, reaching its lowest level in five months, while the euro touched a four-month high. Market sentiment was driven by expectations of an imminent interest rate cut by the Federal Reserve. However, limited trading volume at the close of the year contributed to subdued …
Read More »Dollar fluctuates in weak trading and Yen stabilizes
Amid the Christmas holiday, the dollar grapples with consolidation efforts against a backdrop of weakened trading. Signals of declining inflation in the largest economy, the United States, contribute to the dollar’s challenges, offering the Federal Reserve room for potential interest rate cuts in the upcoming year. Concurrently, the yen maintains …
Read More »Dollar strengthens its position slightly as US inflation data approaches
The dollar stabilized above its lowest level in over four months on Friday, with expectations centered on the release of crucial inflation data in the United States later in the day. This data may offer insights into the potential for the central bank to cut rates in the coming year. …
Read More »Gold surges as No.2 Gold-Buying Central Bank faces political crisis
The world’s second-largest gold-buying central bank is trembling because to Poland’s political unrest, which has caused gold prices to briefly surpass $2040 per ounce. Poland’s central bank has reported making significant gold purchases this year, second only to China’s, but political turmoil is expected. At the time of writing, gold …
Read More »Market Drivers – US Session, December 20
The US Dollar rose on Wednesday, supported by US economic data and a slight deterioration in market sentiment as well as hawkish remarks by Fed’s Patrick Harker on the rate policy outlook.Holiday-linked rally was paused, with Wall Street’s main indexes about to end a five-day positive streak on profit taking. …
Read More »Dollar continues to rise amid expectations of interest rate cuts
On Wednesday, the dollar sustained an upward trend against a basket of peer currencies as traders assessed the possibility of the Federal Reserve implementing interest rate cuts. According to the CME Group’s FedWatch tool, investors are indicating a 69 percent probability of a rate cut occurring during the Federal Open …
Read More »How do US dollar, oil price react to current Red Sea tensions?
The United States launched Operation Prosperity Guardian, a multilateral naval operation involving the United Kingdom, Canada, France, Bahrain, Norway, and Spain. Oil tycoon BP has temporarily stopped shipping any crude along the route; rival energy tycoon Shell has not yet responded.Oil PricesAttacks on commercial ships in the Red Sea have …
Read More »US dollar declining as markets digest Fed’s stance
The US dollar has experienced uneven trading activity due to remarks by Mester and Austan Goolsbee. The US Dollar Index increased on Friday, but not enough to alter market perception. Hedge funds and banks are urging a goldilocks scenario as a way for the markets to oppose the Federal Reserve’s …
Read More »Noor Capital | Mohammad Hashad Interview on Dubai TV – December 18, 2023
Interviewed on Dubai TV on Monday, Mohammed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on the most important developments in the global financial markets on the first day of trading week, and most notably: US Mohammed Hashad …
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