Last week was ideally key central banks’ week, it is poised to be followed by a relatively quiet week ahead. It was practically a big week for US stocks. US StocksThe Fed’s indication that it may lower interest rates three times in 2024 caused the stock market to surge higher …
Read More »Market Drivers – US Session, December 14
The US dollar has been softer despite the recent slew of US data, including Retail Sales and Jobless claims. The US Dollar Index dropped further on Thursday, extending the negative momentum that followed the FOMC statement. The dovish signals from the Fed have weighed on the US Dollar, which remains …
Read More »EUR/GBP experience slight loss post ECB, BoE rate decisions
EUR/GBP traded slightly lower in Thursday’s session, remaining pinned at 0.8610. The daily chart shows a neutral to bearish outlook, with buyers struggling to gain traction. The Relative Strength Index (RSI) is in negative territory, signaling continued downward momentum. The Moving Average Convergence Divergence (MACD) shows red bars, indicating bears …
Read More »Could ECB’s Lagarde resists rate cut bets for longer?
In a stark contrast to her US Federal Reserve counterpart, Jerome Powell, the European Central Bank President Christine Lagarde has reiterated that borrowing costs will stay at record highs despite weaker inflation projections. In spite of the fact that price pressures are still high and inflation will shortly recover, ECB …
Read More »BoE Expected To Keep Interest Rate Policy Unchanged
On Thursday, the Bank of England is expected to keep interest rates unchanged and to maintain its higher-for-longer stance. UK economists believe the Bank of England will use this week’s interest rate decision to warn that borrowing costs will need to remain high well into 2024, dampening growing bets on …
Read More »Noor Capital | Mohammad Hashad Interview on Dubai TV – December 11, 2023
Amidst high inflation readings, asked about the most likely scenarios regarding the upcoming decisions by major central banks during the current trading week, and whether there be any interest rate cuts or unchanged rates, Mohammed Hashad, the Head of the Research and Development Department at Noor Capital and member of …
Read More »EUR/USD is surging ahead FOMC, ECB policy meetings
The EUR/USD pair is trading near 1.0764 versus earlier low of 1.0742 during the few previous hours as markets prepare for a busy trading week, whether on the data front or on the central banks’ decision-front, that includes US Consumer Price Index data, Producer Price Index data, and the FOMC …
Read More »EUR/GBP pinned into midrange ahead of ECB, BoE policy meetings
The EUR/GBP pair is currently trading near 0.8560, with the pair testing the low end but still trapped within near-term consolidation.The midweek sees a doubleheader from the BoE and the ECB, with markets focusing on press statements and investors weighing degrees of hawkishness. The pair is down a tenth of …
Read More »Swiss Franc edges lower amid positive market sentiment
The Swiss Franc is experiencing a weakening trend in most pairs due to stronger US data, which has buoyed market sentiment. The Federal Reserve, European Central Bank, and Bank of England are all scheduled to make announcements after their meetings this week. The improved outlook for the US on Friday’s …
Read More »Eurozone yields surge on accelerating US jobs growth
Germany’s 10-year yield fell 7.5 basis points to 2.272%, marking its biggest biweekly fall since mid-March. The US economy added more jobs than expected last month, dampening expectations for rate cuts from the Federal Reserve early next year. The Labour Department reported that non-farm payrolls rose by 199,000 in November, …
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