Japan’s Nikkei closed down more than 1 percent on Tuesday, dragged down by a decline in chip-related heavyweights, but losses were limited as investors bought value stocks for the right to dividends. The Nikkei index closed down 1.11 percent at 32,315.05 points. Treasury bond yields continued to rise, reaching their …
Read More »Market Drivers – US Session, September 22
US stocks experienced a fourth consecutive day of losses and even closed as one of the worst weeks since March 2023, with the Dow Jones dropping 0.31% to 33,963.84. The S&P 500 and Nasdaq slipped 0.23% and 0.09%, respectively. Ford ended the day up 1.9% after a source reported progress …
Read More »Gold shines as US yields drop amid positive market mood
An obvious change in US bond yields, with the 10-year note coupon falling from a 16-year high of 4.51% to 4.44%, constitutes a key factor that causes gold prices to recover and gain 0.25%.The Fed’s decisionmakers were eager to convey a cautious stance, highlighting the need for a big deal …
Read More »Noor Capital | Mohammed Hashad Interview on Dubai TV – September 22, 2023
Interviewed by Dubai TV, Mohammed Hashad, the Head of Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, commented on a number of current market developments, most notably the following:(I) US Dollar’s Performance Interest rates have already been left unchanged by the US …
Read More »Fed’s Bowman: Further interest rate hike likely to combat high inflation
Further interest rate increases will likely be appropriate, with inflation still being too high, Federal Reserve Governor Michelle Bowman said on Friday, per Reuters.Bowman’s comments failed to trigger a noticeable market reaction and the US Dollar Index was last seen posting small daily losses at 105.36.Key Quotes“Fed policy will need …
Read More »Yen declines after the Bank of Japan sticks to its monetary policy, Dollar rise
The yen fell on Friday after the Bank of Japan maintained its ultra-loose monetary policy, while the dollar remained near its highest level in six months on expectations that interest rates will remain high for a longer period in the United States. The yen declines after the Bank of Japan …
Read More »Gold rises, defying the strength of USD and the rise in US Treasury yields
Gold prices rose on Friday despite pressure from the strength of the dollar and the rise in US Treasury yields, as investors were evaluating the decisions of major central banks to adhere to high interest rates. Gold rose in spot transactions 0.2 percent to $1,923.29 per ounce by 0350 GMT, …
Read More »Hawkish Fed, soaring T-yields weigh on gold
Spot gold drops 0.56% to $1919.74 as the Fed’s decision to maintain and revise rates upward pressures gold prices.US real yields hit a YTD high at 2.115%, which continues to be a significant headwind for Gold.Mixed US economic data and hawkish stances from other central banks globally add to the …
Read More »US dollar continues to benefit from the Fed’s decision, Powell’s comments
The US dollar continues to rise since the beginning of daily trading on Thursday, benefiting from the Fed’s statement and the statements of its Chairman, Jerome Powell, which are in favor of further raising interest rates, even for once, before the end of this year.The dollar index, which measures the …
Read More »The Nikkei closed lower on hawkish Fed outlook
Japan’s Nikkei index closed down more than 1 percent on Thursday, as heavyweight technology stocks tracked their American counterparts after the Federal Reserve showed a tendency to tighten monetary policy and expected to raise interest rates again by the end of the year. The Nikkei index fell 1.37 percent to …
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