The US economy is expanding rapidly, yet inflation is still there. In the meantime, the Federal Reserve conveys, via Chair Jerome Powell, conflicting messages: while the US central bank supports market-led tightening through higher rates, it is not a big fan of immediate rate cuts. Economic DataOn the data front; …
Read More »Financial Markets’ Weekly Recap, July 10-14
After an intense week across most financial markets, volatility is unlikely to ease soon. Market participants will continue to digest the latest round of US inflation data, particularly the CPI and PPI data, with a special focus on the upcoming FOMC meetings. The Fed enters its blackout period ahead of …
Read More »Noor Capital | Mohammad Hashad Interview on the Dubai TV – June 26, 2023
Dubai TV interviewed Mohamed Hashad, Director of Research and Development at Noor Capital and member of the US Association of Technical Analysts, to comment on whether the developments of geopolitical events clearly affect the performance of stock markets and the performance of commodities; Hashad began his commenting on oil prics, …
Read More »Market Drivers – US Session – 12/06/23
US equities opened the trading week with positive performance ahead of key US economic data and monetary policy events. Markets cheered the possibility of the Fed’s ending its rate hike cycle. Incoming economic data will be crucial, with the CPI reading, in particular.The Dow Jones gained 0.56% and the Nasdaq …
Read More »Guindos: Tightening Mostly Done, But ECB Still Has A Way To Go
The European Central Bank has completed most of its historic monetary-tightening campaign but there remains some ground to cover, according to Vice President Luis de Guindos.Without revealing where he sees the peak in interest rates, Guindos said Wednesday that future ECB decisions will hinge on data in the coming months. …
Read More »ECB’s Vice President: Will do ‘whatever is necessary’ to get inflation to 2%,
On Wednesday, ECB Vice President Luis de Guindos said the central bank needed to keep inflation expectations anchored. In a report published Wednesday, the ECB said households and businesses were under pressure from high rates, a poor economic outlook and monetary tightening; but government support needed to be “targeted.”De Guindos …
Read More »Gold rises as dollar and bond yields fall
Gold turned higher on Monday as the dollar and Treasury yields tumbled with attention this week on US inflation data, which could influence the US central bank’s next rate hike decision. And gold rose in spot transactions 0.5% to $ 1782.36 an ounce (an ounce) by 1252 GMT, after declining …
Read More »The price of gold fell after strong US data reinforced the prospects rate hike
Gold prices fell on Monday after strong US jobs data last week boosted the possibility that the Federal Reserve will raise interest rates significantly, sending dollar and Treasury yields higher. And the price of gold in spot transactions 0.1 percent to 1771.74 dollars an ounce (an ounce) at 0454 GMT, …
Read More »Gold at a month high as bond yields fall ahead of US employment data
Gold prices settled on Friday at their highest levels a month before the release of long-awaited US employment data, as falling Treasury yields and growing fears of a recession boosted the value of the safe-haven precious metal, keeping it on track for a third consecutive week of gains. By 0701 …
Read More »Gold prices fall as growth concerns ease due to rising dollar and interest
Gold prices fell in limited trading on Tuesday, after the strong performance of the dollar and the expected hike in interest rates outweighed the supportive effect of gold from concerns about the outlook for the global economy. And gold fell in spot transactions 0.2 percent to $ 1805.20 an ounce …
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