May 9, 2023

Monthly Report (May 2023)

During this month, investors remain uncertain about the future of the monetary policy in the US after the FED decided to raise interest rates by 25bps as widely expected, hinting at a pause in the rate-hiking campaign and closing the door for a potential rate cut in the near term.However, Chairman Powell announced that the […]

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Daily Market Report

US stocks were little changed on Monday as investors await the US inflation report due on Wednesday. The Dow lost 0.17%, the Nasdaq added 0.18% while the S&P500 closed near the flat line adding 0.05% only. In the FX Market, the US Dollar traded higher against its major pairs following a strong jobs report on