Mohammed Hashad, Head of Research at Noor Capital and a member of the American Society of Technical Analysts, dissected Jerome Powell’s recent testimony before the US House of Representatives. Hashad highlighted a shift in the Fed’s approach, prioritizing both inflation control and labor market health for a balanced economic recovery. …
Read More »Noor Capital | Interview with Mohammad Hashad on Dubai TV – March 4, 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 cryptocurrencies, in light of Bitcoin’s recent surge …
Read More »US Dollar Back to Green Territory on Government Shutdown News
The US dollar is mildly in green territory, with traders focusing on Tuesday and Wednesday as pivotal points this week. The Dollar Index is expected to make no significant moves with a light Monday calendar. The AUD/USD and the USD/SEK pairs are outliers gaining against the US dollar. Markets experience …
Read More »Sony’s operating profits decline 29% in the second fiscal quarter
Sony announced Thursday, November 9, a 29% decline in operating profits in the second fiscal quarter, as the Japanese electronics giant suffered weakness in its chip business. Revenues amounted to 2.8 trillion Japanese yen, equivalent to “18.5 billion dollars,” compared to an expected 2.87 trillion yen, which represents an increase …
Read More »Japanese Nikkei index recorded the longest streak of losses in 2023
Japan’s Nikkei index recorded its longest losing streak this year on Tuesday, with shares of many of the country’s biggest technology companies falling, trailing their US counterparts at the end of Monday’s trading. Despite the continued dominance of profit-taking sales after the Nikkei index reached a peak of 33 years …
Read More »Nikkei is down for the third consecutive session
Japan’s Nikkei fell for the third consecutive session on Monday, after spending the day swinging between small gains and losses. The Nikkei index closed down 0.25 percent at 32,698.81 points. The benchmark index had fallen by about 2.4 percent in the previous two sessions, after rising over several months to …
Read More »Japan’s Nikkei records its first weekly loss in 11 weeks, amid profit-taking
The Japanese Nikkei index gave up early gains made at the beginning of the session on Friday, to close lower and record its first weekly loss after ten weeks of gains, in light of investors taking profits before an expected wave of selling by the end of the month to …
Read More »Nikkei reverses its course and closes higher
Japan’s Nikkei index reversed course to close higher on Wednesday as investors snapped up heavyweight stocks that have seen their prices decline, with SoftBank Group and chip-related stocks leading the gains. The Nikkei index rose 0.56 percent to close at 33,575.14 points, after falling as much as 0.7 percent earlier …
Read More »Japan’s Nikkei gave up its gains and closed lower
Japan’s Nikkei index gave up its gains and fell on Thursday, as investors took profits after big gains recorded by the index over four sessions. The Nikkei index fell 0.05% to 33,485.49 points at the close, although it rose most of the day and rose 0.8% to hit a 33-year …
Read More »Nikkei closes above 33 thousand points for the first time in 33 years
Japan’s Nikkei index rose on Tuesday to close above 30,000 points for the first time in 33 years, supported by technology stocks amid expectations of an influx of investment into chipmakers. The index continued its rise for the third consecutive session, increasing 1.8 percent to 33,018.65 points, surpassing the important …
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