December 5, 2022

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Forex Expo

Educational Plus Forex Expo 2022-23 Dubai: A Huge Success

Students Who Wish to Study Abroad Need Extra Support and The Expo Exhibition Held by The Gee Fairs Can Be the Best Option, Educational Plus Forex Expo Dubai 2022-23 Will Going to Be the Big Win. The World's Largest Gee Fair Event Returns to The Uae for Another Hands-On Edition. The Expo Took Place On 28-29 April 2023 at Crowne Plaza, Dubai. Innovators, Thought Leaders, And Industry Shapers Flock to The Uae's Premier Event Venue, Resulting in A Hotbed of Ideas and Networking Opportunities. The ...
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Twitter content

France’s Macron Discussed Twitter Content Rules in Meeting With Musk

Emmanuel Macron said he had a "clear and honest" discussion with Twitter owner Elon Musk about the social media platform's content moderation policies, just a day after the French president had flagged his concerns on the issue. "Transparent user policies, significant reinforcement of content moderation and protection of freedom of speech: efforts have to be made by Twitter to comply with European regulations," Macron said in a tweet after his meeting with Musk on Friday afternoon. On Thursday, Macron - ...
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Dow futures

Dow Futures Dip Following Mixed Session, Nonfarm Payrolls in Focus

U.S. stock futures were trading lower during Thursday’s evening deals, following a mixed performance among major indices as market participants braced for key jobs data slated for release later in Friday’s session. By 6:25 PM ET (11:25 PM GMT) Dow Jones Futures were little changed, S&P 500 Futures eased 0.1% and Nasdaq 100 Futures dipped 0.2%. In extended deals, Samsara Inc (NYSE:IOT) popped 21.2% after reporting Q3 losses of $0.02 per share versus expected losses of $0.06 per share, while ...
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Asia FX

Asia FX Turns Cautious Ahead of U.S. Payrolls, Dollar Hits 3-Mth Low

Most Asian currencies moved little on Friday as caution kicked in ahead of U.S. payrolls data that is likely to affect monetary policy, although dovish signals from the Federal Reserve pushed the dollar to a three-month low. Regional currencies were also set for strong gains this week as the Federal Reserve flagged smaller interest rate hikes in the coming months- a scenario that is positive for risk-driven assets. The Japanese yen rose 0.1%, and was the best performing Asian currency ...
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Gold Hits

Gold Hits Over 3-Month High As Powell Flags Slower Rate Hikes

Gold prices raced to a three-month high on Thursday after a forecast of smaller interest rate hikes by Federal Reserve Chair Jerome Powell sparked a rally in metal markets, while easing COVID-19 lockdowns in China saw copper prices surge to a two-week peak. The Fed chair said in an address at Washington that the central bank will likely moderate its pace of rate hikes in the coming months, as it steps back to observe the effects of sharp interest rate ...
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OIL RALLY

Oil rally Stalls on Weak Chinese Data, Uncertainty Over OPEC Cut

Oil prices were muted on Thursday, cutting short a three-day rally after data highlighted growing economic cracks in major crude importer China, while markets also speculated over whether the OPEC’s last meeting for the year will result in a supply cut. Chinese manufacturing activity- a bellwether for the economy- weakened substantially in November, official and private surveys showed this week. This largely offset optimism over the country’s scaling back of some COVID-19 curbs in two major cities, following widespread protests ...
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jerome Powell

jerome Powell to Set Stage For Slowing Fed ate Hikes Amid Hawkish Tone

Jerome Powell is scheduled to deliver a speech, nominally focused on the labor market, at an event on Wednesday hosted by the Brookings Institution in Washington. It will be one of the last from policymakers before the start of a quiet period ahead of their Dec. 13-14 gathering. Chair Jerome Powell is expected to this week cement expectations that the Federal Reserve will slow its pace of interest-rates increases next month, while reminding Americans that its fight against inflation will ...
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ASIA FX

Asia FX inches Higher Ahead of Powell speech, China optimism Fades

Most Asian currencies crept higher on Wednesday as markets awaited more cues on U.S. monetary policy from Federal Reserve Chair Jerome Powell, although weak economic data from China and uncertainty over the country’s COVID policy weighed on sentiment. Still, most regional units were set to end November substantially higher on a weaker dollar and expectations of slower interest rate hikes by the Fed. The Chinese yuan rose 0.2%, even as data showed that business activity in the country shrank more ...
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Oil surges

Oil Surges As Speculation Over OPEC Cut Outweighs China concerns

Oil prices jumped on Tuesday as traders bet that recent weakness in the market will invite more supply cuts by the OPEC, while anti-government protests in China and hawkish signals from the Federal Reserve worsened the outlook for demand. Oil marked a volatile start to the week, initially tumbling as much as 3% as Chinese protests against the government’s strict zero-COVID policy intensified. But prices recovered later in the session, ending Monday a shade higher as markets bet that the ...
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Dow Futures

Dow Futures Dip After Positive Week

U.S. stock futures were trading lower during Sunday’s evening trade, after major benchmark indices finished the holiday shortened week higher as investors proved optimistic amid potentially smaller interest rate hikes from Federal Reserve policymakers. By 6:36pm ET (11:36pm GMT) Dow Jones Futures were down 0.2%, S&P 500 Futures fell 0.3% and Nasdaq 100 Futures were down 0.4%. In the week ahead, market participants will be looking toward fresh speeches from FOMC members Bullard and Williams on Tuesday and CB consumer ...
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