The U.S. dollar strengthened on Monday, building on its recent gains as the U.S. presidential election approaches, with growing expectations that former President Donald Trump may secure a victory in the 2024 race. At 04:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against six major currencies, rose …
Read More »T-yields plunge following fresh us data
U.S. Treasury yields have declined, pressured by a fresh batch of positive economic data and uncertainty surrounding the 2024 U.S. presidential election and the Federal Reserve’s future interest rate path. Treasury yields dropped to 4.074%, compared to the previous day’s close of 4.096%. Yields on these sovereign securities had reached …
Read More »USD/CAD Gains as Fed Rate Cut Expectations Persist
The US Dollar (USD) strengthened against the Canadian Dollar (CAD) on Thursday, with USD/CAD trading near 1.3755. The market is increasingly betting that the Federal Reserve (Fed) will implement a series of modest interest rate cuts in the coming months.The Fed’s dovish stance, coupled with geopolitical tensions and US election …
Read More »U.S. Dollar Strengthens on Expectations of Modest Fed Rate Cuts, While Sterling Weakens on Inflation Data
The U.S. dollar advanced on Wednesday, hovering near two-month highs as market expectations of modest Federal Reserve rate cuts supported the currency. Meanwhile, the British pound saw a significant drop after inflation data suggested a softer economic outlook. Dollar Gains Amid Adjusted Rate Cut Expectations The Dollar Index, which measures …
Read More »Investors advised to open Certificate of Deposit Accounts Before Fed’s Meeting
The Federal Reserve, the central bank of the United States, plays a crucial role in managing the country’s money supply and interest rates. When interest rates rise, it becomes more expensive to borrow money, while when they lower, borrowing becomes cheaper. Certificates of Deposit (CDs) are savings accounts that offer …
Read More »U.S. Dollar Near Two-Month High as Fed Repricing Boosts Optimism
The U.S. dollar held close to its highest levels in over two months on Tuesday, buoyed by expectations that the Federal Reserve will adopt a more cautious approach to rate cuts in the near term. Traders have dialed back predictions of large rate cuts following a series of robust U.S. …
Read More »Noor Capital | Interview with Mohammed Hashad on Dubai TV – Oct 14, 2024
In an interview conducted by Dubai TV, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on and analyzed the performance of key assets in the financial markets. What is Driving Oil Prices Amid Geopolitical Tensions? Oil prices …
Read More »Dollar Holds Near Recent Highs Amid Tepid Currency Moves and Disappointing Chinese Stimulus
The U.S. dollar hovered close to recent highs on Monday as investors reacted to underwhelming weekend stimulus announcements from China, while the euro continued its decline ahead of a key European Central Bank (ECB) meeting this week. The euro fell 0.1% to $1.092850, marking its 11th drop in 12 sessions …
Read More »Noor Capital | Interview with Mohammed Hashad on Alarabiya TV – Oct 11, 2024
In an interview conducted by Alarabiya Television, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented and analyzed the performance of the U.S. labour market, inflation, and the potential future moves of the Federal Reserve. Are Markets Focusing …
Read More »Bitcoin Rises as Mt Gox Postpones Creditor Repayment Deadline
Bitcoin’s price climbed on Monday, continuing a weekend rebound after the defunct crypto exchange Mt Gox delayed its asset repayment to creditors by a year, alleviating concerns about a near-term sell-off. Despite the gains, broader crypto markets remained rangebound, with limited positive catalysts. Last week, prices were shaken by concerns …
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