Interviewed by Dubai TV, Mohammed Hashad, Head of Research and Development Department at Noor Capital and member of the US Society of Technical Analysts, commented on the latest developments of the financial markets; and most notably oil and the upcoming Fed’s policy decision.First: OilAsked whether the unmistakable surge of oil …
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Gold price sharply pulled back during the US trading session as a reaction to the stronger US dollar and the jump of higher Treasury yields. The precious metal’s price slid to $1841, retreating to its lowest level since Wednesday.The Gold Index recorded a daily high after the beginning of the …
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Wall Street’s main indexes opened higher on Monday after falling last week, with US-listed Chinese technology stocks rising, boosted by optimism about easing regulatory measures and restrictions imposed to combat COVID-19 in the world’s second-largest economy. The Dow Jones Industrial Average rose 132.34 points, or 0.40 percent, to 33,032.04 points. …
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Gold prices rose slightly on Monday, supported by a slight decline in the US dollar and US Treasury bond yields, but the outlook for the yellow metal price remained fragile in the face of interest rate hike prospects from major central banks. Spot gold rose 0.2 percent to $1,854.83 an …
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US equities finished the last trading session of the week with heavy losses, between 1.05% and 2.47%. Positive US jobs report further cemented the case for a US Federal Reserve rate hike of 50 bps in the June meeting, despite worries that the US central bank could cause a recession.Economic …
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On the week’s last trading day, the USD/CHF pair jumps from weekly lows erasing Thursday’s losses, the pair also gains 0.56% as the New York session gets closer to its end. The USD/CHF is trading at 0.9626, reflecting a downbeat mood and a strong US Dollar, underpinned by high US …
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The S&P 500 fell 1.6%, while the Dow Jones Industrial Average shed 350 points, or 1%. The Nasdaq Composite tumbled 2.5%. Meanwhile, the most notable move following the jobs report came from the bond market, with the yield on 10-year Treasury jumping as much as 7 basis points to near …
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The GBP/USD pair prepares to finish the week with losses of almost 1% amid risk-off market mood and robust US employment data. The GBP/USD pair is seen struggling at 1.2600 and slides sharply below the 1.2500 figure after upbeat US economic data boosted the greenback, while UK traders remain on …
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Gold prices immediately retreated after the latest official US labour market data, which revealed 390K jobs were added in May, more than the expected 325K. Markets witness a hawkish reaction to the data, with US Treasury yields and the US dollar rising. The yield on the US 10-year note was …
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Gold prices hit a one-month high on Friday with the dollar’s decline, which put the precious metal on track to record its third consecutive weekly increase. By 0214 GMT, spot gold rose 0.2 percent to $1,871.28 an ounce, its highest level since May 9. Gold prices are up about 1 …
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