Gold prices rallied to a one-week high on Tuesday, trading now at $2630.38, up +0.72%, driven by escalating geopolitical tensions between Russia and Ukraine. The Kremlin’s announcement of a revised nuclear doctrine, which views attacks from non-nuclear states backed by nuclear powers as joint attacks, sparked investor concerns. As a …
Read More »Explainer: Why Has Fed’s Powell Declared “No Rush for Rate Cuts”
Following the election, stock indices on Wall Street saw a sharp rally, while 10-year Treasury rates increased, a sign of declining prices. The momentum changed last week, though, when Governor Adriana Kugler and Federal Reserve Chair Jerome Powell warned against anticipating dramatic rate cuts. According to Powell, the US economy …
Read More »Markets’ Weekly Recap: Stronger US dollar dominates performance of key assets
Easing labour market conditions are expected to encourage the Fed to deliver a third interest rate cut next month, even as progress in lowering inflation has stalled. Markets now see a 76% probability of a 25-basis-point rate cut by the Fed in December. Gold has plunged over $170 following the …
Read More »US Inflation Edges Higher in October, Keeping Federal Reserve Focused Ahead of Key Meeting
Headline inflation in the United States rose in October as anticipated, according to the Labor Department, drawing the attention of the Federal Reserve as it prepares for a pivotal policy meeting next month. The consumer price index (CPI), a primary measure of price growth in the U.S., increased by 2.6% …
Read More »Fed Rate Cut Weighs on Euro, EUR/USD Retreats
The Federal Reserve’s anticipated 25-basis point interest rate cut on Thursday tempered the Euro’s earlier gains against the US Dollar. While the move aligned with market expectations, it shifted market focus to the Fed’s December meeting, where another rate cut is widely anticipated.The Euro, the official currency of the Eurozone, …
Read More »Fed cuts interest rate by 25 basis points as widely expected
The Federal Reserve cut interest rate by 25 basis points, as widely expected to continue its monetary policy easing cycle. Fed decided, Thursday to lower the policy rate after Donald Trump won the US presidential election.Fed Chairman Powell’s remarks could provide important clues about the rate outlook. The US Dollar …
Read More »Despite Trump’s Win, Federal Expected To Cut Rates By 25 Basis Points
The American central bank is expected to maintain its monetary easing cycle. The Federal Reserve is expected to cut its benchmark policy rate by 25 basis points (bps) at the end of its policy meeting on Thursday, a decision that may seem a footnote given the uncertain economic terrain the …
Read More »Gold rises amid US elections
Tuesday saw a little increase in gold prices as investors prepared for political tensions following surveys that indicated Donald Trump and Kamala Harris were tied for the U.S. presidential election, which is likely to be a contentious outcome. The price of spot gold rose 0.2% to $2,740.96 per ounce. At …
Read More »Noor Capital | Interview with Mohammed Hashad on Dubai TV – Nov. 04, 2024
Commenting on key financial assets, in an interview with Dubai TV, Mohamed Hashad, Chief Strategist at Noor Capital and the member of the American Association of Technical Analysts, highlighted that markets are closely watching the upcoming US presidential election.Financial Assets Most Likely Affected by a Potential Trump Victory Regarding the …
Read More »Could Strong Jobs Report Stall Fed Rate Cuts?
The upcoming October jobs report is poised to significantly influence the trajectory of the U.S. economy and financial markets. A robust employment figure could potentially delay the Federal Reserve’s plans to ease monetary policy through interest rate cuts. Such a development would ripple through various sectors, with small-cap stocks, particularly …
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