Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, explained the recent developments impacting global markets, with anticipation for the upcoming events. Where are US stocks headed and will oil continue to rise? This and more in the next report. US Stocks The …
Read More »CAD/USD Maintains Gains Below Eight-Day High
The Canadian Dollar (CAD) rose against its U.S. counterpart on Friday, supported by the U.S. Dollar’s (USD) decline across the board. The USD/CAD pair declined by 0.20% to reach 1.2299. In the early trading hours of the trading session, around 10:30 AM Eastern Time, the pair was trading at 1.2272, …
Read More »AUD/USD Maintains Some Gains Below 0.76
The Australian Dollar (AUD) rose on Friday against its U.S. counterpart, as the U.S. Dollar (USD) continues to fluctuate with markets yet to clearly understand the future path of inflation and the the subsequent changes in interest rates and the broader monetary policy. The AUD/USD pair rose in earlier trades …
Read More »Dollar Rebounds But Remains in Negative Territory
The U.S. Dollar (USD) has recovered some of its losses on Wednesday, after rising earlier in the Asian and European sessions. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.04% 91.72. Earlier today, the index fell as low …
Read More »USD Eases Following Powell’s Testimony
The U.S. Dollar (USD) showed a mostly negative performance on Tuesday, turning to losses against major peers after recent remarks by the Chairman of the Federal Reserve Jerome Powell. The Dollar Index (DXY), which measures the greenback against a basket of six international currencies, declined by about 0.18% to 91.73, …
Read More »EUR/USD Recovers and Restores 1.1920 Level
The Euro (EUR) rose against the U.S. Dollar (USD) on Monday after falling for three consecutive sessions. Profit-making and uncertainty about the infrastructure spending plan are weighing on the USD, with markets still digesting the change in tone by the U.S. Federal Reserve. The EUR/USD pair gained 0.47% and reached …
Read More »GBP/USD Snaps Four-Session Losing Streak
The British Pound (GBP) rose on Monday against a retreating U.S. Dollar, after declining for four consecutive sessions. Recent losses by the GBP/USD pair came mostly due to the surprising hawkish change in tone by the Federal Reserve, which prompted increased demand for the green back. In addition, uncertainty on …
Read More »Dubai TV Interview, June 21, 2021
Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, explained the recent developments impacting global markets, with anticipation for the upcoming events. Oil We can say that oil is one of the most important tools that has moved significantly over the past weeks …
Read More »USD Declines Against JPY Despite Rising Across the Board
The U.S. Dollar (USD) declined against the Japanese Yen (JPY) on Thursday, despite rising against most of its major peers. The USD/JPY pair fell by 0.43% to 110.24, registering its biggest daily loss since June 4. The pair has now declined in two out of the past three sessions, and …
Read More »GBP Declines for Third Day in Row Against USD
The British Pound (GBP) maintained its downwards trend against the U.S. Dollar (USD) for the third consecutive session on Thursday. A surprise hawkish change in tone by the U.S. Federal Reserve provided support for the greenback, while the Sterling remains impacted by uncertainty regarding easing lockdown measures in the U.K. …
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