{"id":103652,"date":"2024-07-13T02:18:49","date_gmt":"2024-07-12T22:18:49","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=103652"},"modified":"2024-07-13T02:25:30","modified_gmt":"2024-07-12T22:25:30","slug":"noor-capital-mohammed-hashad-analyzes-market-reactions-to-powells-testimony","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/noor-capital-mohammed-hashad-analyzes-market-reactions-to-powells-testimony\/07\/13\/market-updates\/","title":{"rendered":"Noor Capital | Mohammed Hashad Analyzes Market Reactions to Powell&#8217;s Testimony"},"content":{"rendered":"\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"\u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0627\u0645\u064a\u0631\u0643\u064a \u0641\u064a \u0645\u0631\u062d\u0644\u0647 \u062a\u0648\u0627\u0632\u0646 \u0628\u064a\u0646 \u0627\u0644\u062a\u0636\u062e\u0645 \u0648\u0627\u0644\u0639\u0645\u0644 \u0648\u0627\u0644\u0627\u0633\u062a\u0642\u0631\u0627\u0631 \u0627\u0644\u0645\u0627\u0644\u064a\" width=\"618\" height=\"348\" src=\"https:\/\/www.youtube.com\/embed\/GzJBhYCqnrQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Mohammed Hashad, Head of Research at Noor Capital and a member of the American Society of Technical Analysts, dissected Jerome Powell&#8217;s recent testimony before the US House of Representatives. Hashad highlighted a shift in the Fed&#8217;s approach, prioritizing both inflation control and labor market health for a balanced economic recovery.<br><\/p>\n\n\n\n<p><strong>Interest Rate Cuts on the Horizon?<\/strong><\/p>\n\n\n\n<p>While Powell didn&#8217;t explicitly mention rate cuts, markets interpreted his focus on achieving balance as a potential signal for easing monetary policy in the future. Hashad personally believes a reduction might come in December, not September.<\/p>\n\n\n\n<p><strong>Gold Market: Lower Inflation May Spark Further Gains<\/strong><\/p>\n\n\n\n<p>Despite recent gains, Hashad sees gold unlikely to reach $2,500 per ounce due to already priced-in expectations of a September rate cut. However, if upcoming inflation data comes in lower than expected, it could trigger further increases in gold prices.<\/p>\n\n\n\n<p><br><strong>Oil Markets: OPEC vs. IEA &#8211; A Tale of Two Views<\/strong><\/p>\n\n\n\n<p>The oil market presents contrasting views. OPEC&#8217;s focus on managing supply clashes with the International Energy Agency&#8217;s demand forecasts. Hashad suggests that Chinese economic recovery and ongoing geopolitical tensions in the Middle East are the bigger drivers for oil prices, not the discrepancy in these reports.<\/p>\n\n\n\n<p><br><strong>British Pound Soars on Labour Party Victory<\/strong><\/p>\n\n\n\n<p><br>The recent jump in the British pound reflects the Labour Party&#8217;s landslide election victory, not necessarily conflicting with inflation control efforts, according to Hashad.<\/p>\n\n\n\n<p><br><strong>Japanese Nikkei Index: Profit-Taking Expected After Recent Surge<\/strong><\/p>\n\n\n\n<p><br>The Nikkei index&#8217;s recent rise above 42,000 points is likely due to profit-taking and efforts to catch up with US stocks. Positive manufacturing data from Japan further indicates economic recovery. The interview concluded with Hashad&#8217;s insights on these developments in the global financial markets.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mohammed Hashad, Head of Research at Noor Capital and a member of the American Society of Technical Analysts, dissected Jerome Powell&#8217;s recent testimony before the US House of Representatives. Hashad highlighted a shift in the Fed&#8217;s approach, prioritizing both inflation control and labor market health for a balanced economic recovery. Interest Rate Cuts on the &hellip;<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,45,37,39,36,299,6828],"tags":[11143,7518,6870,6874,6987,8552,7822,6971,7740,7167],"class_list":["post-103652","post","type-post","status-publish","format-standard","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-education-and-development","category-forex-markets","category-global-stock-markets","category-market-updates","category-tv-interviews","category-weekly-economic-reports","tag-chinese-activity","tag-economic-recovery","tag-gbp","tag-gold","tag-inflation","tag-jerome-powel","tag-labour-market","tag-nikkei","tag-rate-cut","tag-yen"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/103652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=103652"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/103652\/revisions"}],"predecessor-version":[{"id":103663,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/103652\/revisions\/103663"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=103652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=103652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=103652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}