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Asian Currencies Early Trading

Shady Fouad
Most Asian currencies stabilized after strong gains on Monday, while the dollar incurred recent losses amid growing conviction that the Federal Reserve has concluded its interest rate hikes and will begin reducing them in early 2024. The…
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Bitcoin Breaches 40000

Shady Fouad
The world's largest cryptocurrency reached $41,000 on Monday, its highest level since April 2022, indicating a departure from the previous state of chaos. Simultaneously, other high-risk investments and sensitive assets to intrest rates…
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World Economic Outlook for 2024

Shady Fouad
Global investment firms have presented diverse perspectives on the economic outlook for 2024. Goldman Sachs expects global growth driven by real household income and limited monetary tightening. They see a 15% chance of a recession in the…
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Dollar Rebounded After Fed Minutes

Shady Fouad
The dollar rebounded from its lowest level in two and a half months on Wednesday, following indications from the recent Federal Reserve meeting minutes that interest rates are likely to remain constrained for some time. The Federal Reserve…
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