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Interviewed by Dubai TV, Mohammed Hashad, Head of Research and Development Department at Noor Capital and member of the US Society of Technical Analysts, commented on the latest developments of the financial markets; and most notably oil and the upcoming Fed’s policy decision. Fed Hashad said US Federal Reserve Governor …
Read More »Noor Capital | Dubai TV Mohammed Hashad’s Interview, 6 June 2022
Interviewed by Dubai TV, Mohammed Hashad, Head of Research and Development Department at Noor Capital and member of the US Society of Technical Analysts, commented on the latest developments of the financial markets; and most notably oil and the upcoming Fed’s policy decision.First: OilAsked whether the unmistakable surge of oil …
Read More »Market Drivers – US Session – 31 May
US President Joe Biden plotted inflation-fighting strategy, on Tuesday, during his meeting with the Fed Chair Jerome Powell. Biden reportedly focused on relentlessly surging prices, with the destiny of the US economy and his own political prospects increasingly dependent on the actions of the government’s central bank. Biden’s endorsement of …
Read More »US equities subject to losses until readiness to stop QT declared by Fed
There are signs of easing inflationary pressures and moderating growth but not enough to prompt a shift by the Fed yet. The Fed is expected to raise interest rates by another 0.5 percentage point in June.The stock market sell-off will end when the Fed signals it’s done tightening monetary policy, …
Read More »What ‘recklessness’ does Fed’s Bostic fight, want to avoid?
As the US central bank mobilizes for the inevitable fight against 40-year-high inflation with what is expected to be a string of big interest-rate hikes, one US central banker injected a tone that is full of caution, warning headlong rate hikes could create “significant economic dislocation.”In an essay published Tuesday, …
Read More »Market Drivers – US Session – 17 May
US stocks rose on Tuesday, as Citigroup led a surge in bank shares after Berkshire Hathaway revealed strong retail sales in April to ease some concerns about slowing US economic growth. Ten of the 11 major S&P sectors advanced, with financials and technology up 2% each.Economic DataUS retail sales increased …
Read More »Euro Benefits From Risk Appetite Ahead of Powell’s Speech
The euro is higher versus the US dollar by 1.13% rallying on wider risk-on from 1.0428 to a high of 1.0555. The euro has extended the rebound from a five-year low touched last week while the US dollar is down against its major trading partners.The euro benefited at the start …
Read More »NFP Preview: Forecasts From 5 Major Banks
The US Bureau of Labor Statistics (BLS) will release the April jobs report on Friday, May 6 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 5 major banks regarding the upcoming employment data. Wells Fargo “We …
Read More »Gold at its lowest level in 4 weeks
Gold prices fell on Monday to a four-week low, as bets on the Federal Reserve’s inclination to tighten monetary policy boosted the dollar’s strength and dampened demand for bullion. And the price of gold in spot transactions fell 0.7 percent to $ 1916.41 an ounce by 0545 GMT, after touching …
Read More »USD/CAD Toward biggest One-Day Gain Since Nov.
The USD/CAD pair rallied roughly 140 pips on Friday to hit its highest level in over one month above the 1.2700 mark. That marks the largest one-day percentage gain since November. The pair rallied as a function of risk-off flows, with recent BoC hawkishness and strong data failing to support …
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