Gold rallied on Wednesday while global stocks suffered another selloff amid Credit Suisse fears. In the US, the Dow Jones ended the day losing 280 points while the S&P500 dropped by 0.7%.Moreover, WTI crude oil fell below $70 a barrel for the first time since 2021 on rising concerns about the latest developments in the …
Try to find a trading style that matches your personality as early as possible and stick to it all the way through Determining the nature of your personality as a trader is one of the most important things if you want to create a comfortable and most importantly profitable trading lifestyle, you must know what …
The US Dollar extended its decline on Monday as traders await the latest change in inflation. The FED is actively monitoring inflation levels to decide its future monetary policy.Looking at the US stock market developments, the Dow and S&P500 ended the day lower while the Nasdaq rose. Investor sentiment remains mixed following Silicon Valley Bank’s …
Silicon Valley Bank is a financial institution based in Santa Clara, California that provides a range of banking and financial services to technology companies, venture capitalists, and private equity firms. SVB was offering a variety of services, including corporate banking, investment banking, private banking, and asset management, and is known for its focus on providing …
The US Dollar retreated on Thursday while major US stock indices extended the decline. The Dow fell more than 500 points, the S&P500 closed 1.8% lower and the Nasdaq lost more than 2% as higher interest rate expectations weigh on investors’ sentiment. As of today, all eyes will be on the US jobs report which …
The forex market is a large global market in which all currencies in the world are traded and is famous for its high liquidity and trading 24 hours a day, 5 days a week, but it is possible that some currencies in it will be exposed to sharp declines, collapses and even large losses, but …
Following Tuesday’s sharp decline, US major stock indices managed to stabilize yesterday while the US Dollar remain steady as market participants are trying to readjust future interest rate expectations. FED chair Powell fueled fears of potential higher rate hikes after mentioning that a 50bps hike remains highly possible. The latest economic data have come in …
The US Dollar started the week on a negative note as traders await Fed’s Powell speech and the latest change in the Non-Farm payrolls. On the other side, the Dow and S&P500 indices closed modestly higher while the Nasdaq was slightly lower ahead of a busy week. Moreover, Oil prices succeeded to extend last week’s …
During this month, all eyes will be on the upcoming FED rate decision meeting. The US central bank is likely to raise interest rates by another 25bps at least two times this year, however, the main question remains how high rates can go in 2023. In the last FOMC meeting, Chair Powell said that the …
US stocks closed higher on Thursday after being under pressure since the beginning of the week. The turnaround came after comments from Atlanta Federal reserve Bostic, who reiterated his support for a 25bps hike. In the FX market, major currencies were down against the US Dollar while gold prices remain steady. Later today, both composite …