The dollar experienced a broad decline on Wednesday, influenced by a global downturn in Treasury bond yields. Traders eagerly awaited the release of the Federal Reserve’s latest policy meeting minutes, seeking insights into the central bank’s stance on interest rates. Yen Strengthens as Dollar Dips Below 150:In Asian trading, the …
Read More »Japan’s Nikkei ends a rising wave as markets worry ahead of Nvidia’s earnings release
Investor anticipation gripped the Tokyo Stock Exchange’s Nikkei index for the second consecutive day as it failed to surpass its all-time high. With market sentiment swaying on the impending financial report from US chip giant NVIDIA, the index struggled to maintain momentum amidst global uncertainties. Market Movement:Despite an initial rebound, …
Read More »Market Drivers – US Session, February 20
The US Dollar has weakened amid speculation that the Federal Reserve will delay the first rate cut. The odds for a 25 basis points (bps) March rate cut have decreased to 34.4%, while June ones have increased to 55.1%. Stock markets are tepid, with Wall Street spending most of the …
Read More »FOMC minutes awaited for clues on inflation battle, growth
The Fed’s recent rate decision meeting minutes are expected to highlight the complex economic challenges the US central bank faces, as it aims to balance inflation control with economic growth. Markets are realigning expectations to the Fed’s gradual rate cut plan, illustrating the complex economic environment investors and market participants …
Read More »Gold price surges as Fed sees inflation declining in long term
Gold is up +0.58%, trading $2029.70 per ounce at the time of writing. The belief among Fed policymakers that inflation will eventually decline has helped to drive up the price of gold by decreasing the opportunity cost of storing non-yielding assets like gold. It is anticipated that the preliminary S&P …
Read More »Japanese Stock Index Stalls Below Three-Decade Peak
The primary Japanese stock index struggled to sustain its upward momentum on Tuesday, hovering approximately one percent below its highest peak recorded in over three decades. Trader apprehension ahead of Nvidia’s earnings release contributed to market uncertainty. China’s Interest Rate Cut Offers Brief Boost An unexpected interest rate cut in …
Read More »Dollar Strengthens, Stabilizing Above 150 Yen
On Tuesday, the dollar exhibited strength, maintaining its position above 150 yen amidst expectations of prolonged higher US interest rates. This occurred against the backdrop of Japan’s economic recession and market skepticism regarding Tokyo’s imminent monetary easing policy adjustment. China’s Mortgage Rate Cut Draws Trader Attention Early Tuesday, China’s decision …
Read More »Gold Prices Steady Despite Dollar and Bond Yield Rise
Gold prices maintained stability on Tuesday, resilient to a surge in the dollar and Treasury bond yields. Investors awaited insights from the Federal Reserve’s latest meeting minutes for potential clues regarding interest rate cuts. At 0341 GMT, the spot price of gold settled at $2,018.03 per ounce, with most US …
Read More »Gold price consolidates gains ahead of FOMC minutes
On Monday, during a calm North America session, gold price was able to climb up 0.24& to $2017.50, driven by US inflation surpassing forecasts. Given that the USD has declined since last Tuesday, gold’s appeal is increased by the decreased probability of impending Fed rate cuts. In the meantime, traders …
Read More »Noor Capital | Interview with Mohammad Hashad on Dubai TV – February 19, 2024
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 the reasons why US stocks have recently …
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