Risk aversion continues as the major market driver amid the Russian invasion of Ukraine. The attacks have continued throughout the weekend, and a third round of cesefire talks has not eased the situation. Economic DataThe Investor Movement Index® (IMXSM) decreased to 6.79 in February, down from 7.07 in January. The …
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In an interview on Dubai TV, Mohammed Hashad, Director of Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, tackled the latest developments in financial markets, particularly the most prominent one; namely the surging oil prices that touched record levels, he also commented …
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Gold overnight hit a YTD high at $2002.67, but afterwards, retreated to January’s 2021 resistance level-turned-support around $1959.40. Just now, the XAU/USD Index is trading at $1996.21, reflecting the risk-aversion of the financial markets.The conflict between Russia-Ukraine has not eased amid the third round of ceasefire talks. Sanctions on Russia …
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On Monday, gold prices crossed the $2,000 mark for the first time in a year and a half as investors sought that safe haven in the wake of the escalating Russia-Ukraine crisis while fears of a halt in palladium supplies pushed to an all-time high. And gold rose in spot …
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The forex markets ended the week’s trading negatively, especially after Russia bombed one of the largest nuclear power plants in Ukraine. The US dollar ended the trading on significant gains, taking advantage of the war in Ukraine, in addition to the speech of Jerome Powell, Chairman of the Board of …
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Gold continues to find demand amid the ongoing Russia-Ukraine crisis. The technical picture suggests that XAU/USD remains bullish in the near-term, pointing to additional gains towards USD 1,975.US inflation data and geopolitical headlines to drive next week’s action. On Wednesday, the US Bureau of Labor Statistics will release the February …
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Ukraine is a relatively small country wedged between Russia and Europe. It was part of the Soviet Union until 1991; it has been a less-than-perfect democracy with a fragile economy and foreign policy that wavers between pro-Russian and pro-European. In November 2013, President Viktor Yanukovych refused a deal for integration …
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The US Bureau of Labor Statistics (BLS) will release the February jobs report on Friday, March 4 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 3 major banks regarding the upcoming employment data. Citibank “Following a …
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Risk aversion has been leading most assets amid the war fogs and indecisive peace talks in Eastern Europe. Economic DataEarlier on Thursday, the headline ISM Services PMI reading slid to 56.5 in February from 59.9 in January, below the expected rise to 61.0, according to the latest release by the …
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Gold price has surged in the late New York session. It trades now 0.6% higher and has reached a new high of USD 1,941.29. The US dollar has suffered a marginal blow late in the day without fundamental changes or news headlines.The DXY index slid from 97.953 and now sits …
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