Oil prices are reversing more quickly than expected as US reserves surge. The prospect of longer-term higher interest rate environment is raising worries about a decline in crude oil prices. The impact of geopolitical concerns has been mitigated by these fears. On Wednesday, there will be a significant decline in …
Read More »Market Drivers; US Session, April 15
Amidst rising Treasury yields, the US dollar’s upward momentum persisted, pushing it to new annual highs around 106.20. This week seems to be dominated by escalating geopolitical concerns, especially in the Middle East. Indicated by the USD Index (DXY), the US dollar held its bullish tilt and surged to new …
Read More »Dow Jones declines on geopolitical tensions, higher T-yields
Concerns about Middle Eastern geopolitical tensions have been coupled with high yields, which have caused further decline in the Dow Jones Index. In the early afternoon, the index is trading little higher after losing its early gains. The market’s appetite for risk has increased following to Goldman Sachs’ better-than-expected quarterly …
Read More »Market Driers; US Session, April 8
The US dollar was under pressure throughout the week’s bearish start, but the risk complex was able to gather itself and US rates moved marginally higher across the curve. Ahead of the crucial US CPI, FOMC Minutes, and ECB event, traders continued to evaluate the most recent payroll prints. Amidst …
Read More »Yen Slips to Multi-Month Lows Against Major Currencies
The yen dipped close to a four-month low against the US dollar and a 16-year low against the euro on Wednesday, driven by expectations of sustained accommodative monetary policy in Japan despite the Bank of Japan’s recent policy shift. On Wednesday, the yen touched its lowest level in four months …
Read More »Forex: Dollar Stabilizes Ahead of Central Bank Meetings Worldwide
On Monday, the dollar steadied as traders braced for a week dominated by central bank meetings across the globe, with particular focus on policy developments in Japan and the United States. Bank of Japan’s Policy Shift Attention is squarely on the Bank of Japan, with indications suggesting a potential end …
Read More »US Dollar Rises After Russian Nuclear Weapon relocation
Russia has relocated its tactical nuclear weapons from its boundaries into Belarus, a neighbouring country that is several hundred miles closer to NATO territory. This was confirmed by Western officials to Foreign Policy. This development was a reaction to NATO’s support of Ukraine, which has led Russian President Vladimir Putin …
Read More »WTI trades above $78.00 on continued supply concerns
The ongoing Gaza crisis as well as fresh Houthi attacks are keeping barrel prices high. Monday saw a test of $78.11 a barrel for West Texas Intermediate crude, finding the opportunity to gain momentum as US markets were closed in observance of the federal holiday known as American President’s Day. …
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 …
Read More »World geopolitical tensions could impact record US stock rally
The Middle East war poses a significant risk to earnings as boycotts and Red Sea shipping chaos disrupt supply chains. This could impact the record rally in US stocks, as expectations for profits at S&P 500 companies for the next 12 months are at a record high. The war could …
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