Thomas Barkin, the president of Richmond Federal Reserve Bank, stated that the Federal Reserve would “act appropriately” if inflation declines as anticipated in a Tuesday interview with Yahoo Finance.In the wake of these remarks, the US dollar finds it difficult to find demand. The US Dollar Index was down 0.35% …
Read More »Goldman Sachs: The disruption of energy flows in the Red Sea will not greatly affect oil prices
Goldman Sachs said the disruption to energy flows in the Red Sea would likely not have a major impact on crude oil and liquefied natural gas prices, as opportunities to reroute ships meant production should not be directly affected. Oil prices rose on Tuesday, continuing the gains they achieved in …
Read More »Japanese stocks rise and the yen falls as the central bank maintains an ultra-loose policy
Japan’s Nikkei rose and the yen fell on Tuesday after the Bank of Japan kept its ultra-loose monetary policy unchanged and offered no hints of an early end to negative interest rates. The Nikkei rose 1.41 percent to end Tuesday at 33,219.39. The broader Topix index compensated for an early …
Read More »Gold is confined to a narrow range with focus on US inflation data
Gold prices fell in limited trading on Tuesday as investors awaited more US economic data this week that may shed light on the Federal Reserve’s monetary policy outlook. By 0535 GMT, gold in spot transactions fell 0.1 percent to $2,024.49 per ounce. US gold futures also fell 0.1 percent to …
Read More »Market Drivers – US Session, December 17
The US Dollar Index ended Monday’s quiet session unchanged at 102.60. US 10-year yield increased slightly, but it remained below 4%. Wall Street saw increases in stocks, as the Dow Jones hit a new all-time high.Despite rising yields, gold only slightly increased and fell short of regaining $2,030. XAU/USD is …
Read More »USD/CHF lower ahead of PCE data
The USD/CHF pair has started the week down due to the US Fed’s dovish surprise and the looming release of Personal Consumption Expenditures (PCE) data from November. The pair’s movements reflect the continued softness of the dollar, which came in the wake of the Fed’s dovish surprise and ahead of …
Read More »US Stocks add to seven-week gains as S&P 500 rises
Monday saw gains in US stocks as the market continued to show signs of strength after a seven-week winning run. The Dow Jones Industrial Average increased by 0.02%, or 7 points. The Nasdaq Composite gained 0.7%, while the S&P 500 increased by 0.5%.The overall index is currently just over 1% …
Read More »USD/JPY edges higher ahead of BoJ decision, rising US yields
With a little upward trend, the USD/JPY pair moved up near the 143.00 mark. The BoJ meeting on Tuesday is anticipated by markets, which could influence the pair’s short-term trajectory. Japan’s political scandals might force the Bank of Japan to abandon its negative interest rate strategy.US bond yields rose, which …
Read More »US dollar declining as markets digest Fed’s stance
The US dollar has experienced uneven trading activity due to remarks by Mester and Austan Goolsbee. The US Dollar Index increased on Friday, but not enough to alter market perception. Hedge funds and banks are urging a goldilocks scenario as a way for the markets to oppose the Federal Reserve’s …
Read More »Noor Capital | Mohammad Hashad Interview on Dubai TV – December 18, 2023
Interviewed on Dubai TV on Monday, Mohammed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on the most important developments in the global financial markets on the first day of trading week, and most notably: US Mohammed Hashad …
Read More »