Japan’s Nikkei index managed to recover most of its early losses and closed relatively stable on Tuesday, March 3, as investors seized the opportunity to buy into declining stocks following a dip from record highs. The index dipped marginally by 0.03% to 40,097.63 points, significantly paring down its losses which …
Read More »Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on the key developments across financial markets and the performance of the most important assets, in an interview on Dubai TV. Asked about cryptocurrencies, in light of Bitcoin’s recent surge …
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US stocks closed lower on Monday as investors have shifted focus to the upcoming congressional testimony by Fed Chair Jerome Powell and the monthly NFP report that could put equity gains to a real test.The S&P 500 fell just below the flatline after ending Friday with its 16th weekly win …
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Jerome Powell has repeatedly said the looming election plays no role in policy decisions, but some Fed watchers worry that rate cuts this year could be perceived as the Fed giving a boost to Democrats. PHOTO: BLOOMBERGJerome Powell JEROME Powell faces heightened pressure this week from Democrats who want interest-rate …
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Gold price trades near a two-month high as Fed rate-cut bets for June deepen. Weak US Manufacturing PMI data weighs heavily on the US Dollar. Fed Powell may provide fresh insights on the timing for rate cuts this week.Earlier on the day, gold price was hovering near a two-month high …
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On Monday, March 4, gold prices remained near their highest levels in two months, buoyed by disappointing economic indicators from the United States last week, which raised expectations of a potential interest rate cut by the US Federal Reserve in June. At 06:30 GMT, spot gold edged down 0.1 percent …
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On Monday, March 4, Japan’s Nikkei index achieved a historic milestone, surpassing 40,000 points for the first time, propelled by corporate governance reforms and robust valuations that have attracted sustained interest from global investors. Benefiting from a surge in the technology sector, mirroring gains seen in US markets, the Nikkei …
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On Monday, the US dollar traded within a narrow range, facing pressure from declining Treasury bond yields as investors awaited key economic data for clues on the Federal Reserve’s potential interest rate cuts. Bitcoin surged to its highest levels in over two years, buoyed by significant inflows into cryptocurrency funds …
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US stocks experienced a surge in intraday records, with the S&P 500 and Nasdaq reaching new highs. The Nasdaq set a new intraday record, surpassing its November 2021 peak of 16,212.23. Technology stocks, particularly Nvidia and AMD, saw significant gains, with shares climbing 3.73% and 4.82% respectively. The Philadelphia semiconductor …
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Friday’s gold market surge is still going strong since all of the market’s moving parts appear to be pointing towards higher prices in the end. The price of the precious metal has increased by 2.08% to $2086.50 per ounce as of this writing.The early hours of Friday saw a slight …
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