The Dow Jones Industrial Average climbed 250 points Thursday morning, reflecting positive global trade, as investors digested an early batch of jobs data. The highly anticipated US payrolls report is due out Friday morning.Tesla traded up around 3% early Thursday. Elsewhere, Dow Jones tech leaders Apple and Microsoft were squarely …
Read More »Noor Capital | Dubai TV Mohammed Hashad’s Interview, July 4
Interviewed by Dubai TV, Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, shed light on the latest developments of the financial markets: First: Stock marketThe equity market has tried to recover as markets observed during last week in the …
Read More »Market Drivers – US Session – Friday, July 1
Investors and traders do monitor potential headwinds in loan growth and credit quality in the banking sector as JPMorgan Chase & Co. JPM, +1.28% and Morgan Stanley MS, +0.91% are scheduled to report earnings on Thursday, July 14, as the first two of the big-six US banks. US equities finished …
Read More »US equities kick of July with gains
US equities ended a choppy session higher on Friday, as equities steadied after their worst start to the year in decades. The S&P 500 rose by about 1.1% to end at 3,825.33 after fluctuating between gains and losses throughout the session. The Dow Jones Industrial Average added 322 points, or …
Read More »US ISM Manufacturing PMI Falls Below Expectations
The business activity in the US manufacturing sector expanded at a much softer pace in June than it did in May with the ISM Manufacturing PMI dropping to 53 from 56.1. This print came in weaker than the market expectation of 54.9.Further details of the publication showed that Employment Index …
Read More »GBP/USD climbs on softer US dollar
The British pound recovered from two-week lows and is advancing just above 1.2150, after sliding below the 1.2000 mark, for the first time since mid-June, when the GBP/USD collapsed towards 1.1933 YTD lows. At 1.2176, the GBP/USD records solid gains, as the year’s first half is near to end.Worries about …
Read More »GBP/USD retreats despite disappointing US data
The British pound extends its losses to two successive days, trading below the 1.2200 mark, after touching a daily 1.2300 high mark and even retreating towards the 1.2190s area in the US trading session. The GBP/USD pair is trading at 1.2189.Market sentiment shifted sour after the disappointing US Consumer Confidence …
Read More »Market Drivers – US Session – Friday, June 24
Risk appetite improved during the US session. US shares rallied and closed with robust gains after retreating to bear market levels, meaning losses of 20% or more from all-time-highs. Gold continues for the second consecutive week with losses, down 0.64% despite climbing on Friday. Lower US 10-year T-yields and the …
Read More »AUD/USD touches two-day highs on weaker US dollar
The AUD/USD broke above 0.6920 and jumped to 0.6957 on Friday, reaching the highest level in two days. Stocks are sharply surging and this helps the Australian dollar.Despite recession fears, investors flocked to stocks. US stocks indexes are up by more than 2%, extending weekly gains. Negative economic data did …
Read More »US shares benefit from positive sentiment
US shares are surging for the second successive day despite being during the US trading session. The major indices prepare to post solid gains in the week, within 4% to 6% range.The S&P 500 reclaimed the 3,800 mark; around 3,887.19 and is up by 2.74% in the day, while the …
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