The US Q1 GDP shows a slower growth rate of 1.6% YoY. Positively, there is a solid weekly trend in jobless claims. The short-term direction of DXY will be determined by Friday’s PCE data for March. After its lengthy surge in April, the US Dollar Index (DXY) is seen trading …
Read More »US Dollar Starts Policy Decision’s Week with Gains
The dollar is seeing gains ahead of FOMC decision. The DXY Index is 0.16% up on the day, trading at 103.612 at the time of writing. As for the broader context for this performance, FOMC decision will attempt to maintain balancing between inflation and growth.Despite recent gains, the DXY remains …
Read More »What could January’s NFP Data bring about in financial markets?
The US Bureau of Labour Statistics will release its jobs report for January on Friday, February 2, and economists and researchers predict a 180,000 rise in Nonfarm Payrolls following the stronger-than-expected 216,000 recorded in December. Investors’ focus now shifts to Friday’s nonfarm payrolls for further clarity on the future of …
Read More »Powell: Rate cuts looming, but Fed persistent in avoiding inflation risks
Fed Chairman Jerome Powell quickly summed up where the central bank stands. “We believe our policy rate is likely at its peak for this tightening cycle and that, if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this …
Read More »Fed’s Beige Book reveals economic activity decline in recent weeks
The US economic activity showed “little or no change” in recent weeks for most of the Federal Reserve’s 12 districts, amid signs that the labour market was cooling in most of the country’s regions, the central bank said on Wednesday in its Beige Book survey of regional business contacts.Consumer spending …
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 »How does US dollar react to FOMC’s looming rate decision?
The US Dollar Index is trading with losses below the 104.00 mark, with a -0.23% decline around the 103.850s mark. Investors are awaiting the Fed’s interest rate decision on Wednesday, which is expected to announce a continued pause on interest rate increases, leaving rates unchanged. So, markets anticipate the Fed …
Read More »Noor Capital | Mohammad Hashad Interview on Dubai TV – December 11, 2023
Amidst high inflation readings, asked about the most likely scenarios regarding the upcoming decisions by major central banks during the current trading week, and whether there be any interest rate cuts or unchanged rates, Mohammed Hashad, the Head of the Research and Development Department at Noor Capital and member of …
Read More »Is US economy booming, China’s crashing?
China’s economy is seen as more sustainable because it is deflating its bubbles and raising productivity, while the US is doing the opposite – feeding the Bernanke bubble and hoping for an AI cure for falling productivity. The “twin cancers” plaguing China’s economy are a property bubble plus a shadow …
Read More »EUR/GBP softer ahead of key economic data
A downward trend is observed in the EUR/GBP ahead of Tuesday’s key data points. After a consistent increase last week, the Euro is now declining. A major data double-header featuring labour, wages, and GDP figures for the UK and the EU is causing the EUR/GBP to weaken. As we approach …
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