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Dollar Steadies Near 11- Week High

Shady Fouad
The US dollar slightly rose on Tuesday, approaching its highest level in about three months, while the Australian dollar lost its strength after an earlier session increase. A series of strong US economic data and statements from Federal…
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Chinese Stocks Are Rebounding

Shady Fouad
The struggling Chinese stocks saw their largest single-day gains in two years on Tuesday, and the yuan rose due to a series of signals indicating that authorities are strengthening their commitment to supporting declining markets. The…
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Dollar Notches Fresh Highs

Shady Fouad
The dollar rose to its highest level in eight weeks against its major counterparts on Monday, as traders scaled back their bets on significant interest rate cuts by the Federal Reserve this year in light of the ongoing resilience of the…
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Powell’s Rate Comments

Shady Fouad
Federal Reserve Chairman Jerome Powell tempered expectations that the Federal Reserve would soon begin lowering interest rates, as he seeks more evidence that inflation in the United States is continuing to slow down. The Federal Reserve…
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Dollar Traded In Narrow Ranges

Shady Fouad
The US dollar remained within a narrow range against its major counterparts on Tuesday, as traders awaited the Federal Reserve's monetary policy decision this week, seeking clues about the timing of a potential interest rate cut. On the…
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A look Upon Asian Markets

Shady Fouad
Positive turns marked the financial markets on Monday, as stocks in Tokyo witnessed a robust performance, driven by the maritime, rubber, and pharmaceutical sectors. In the heart of the Japanese capital, the Nikkei 225 index rose by 0.84%…
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Jp Morgan Forecasts For Oil Prices

Shady Fouad
JPMorgan, the leading global financial services company, revised its expectations for the oil market. The company anticipates an average oil price of $83 per barrel in 2024, with expectations of a decrease to $75 per barrel in 2025. The…
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A look Upon Asian Markets

Shady Fouad
Most Asian currencies maintained a narrow range on Tuesday as markets teetered on the edge before a series of key U.S. economic readings, while the Japanese yen hovered near its lowest levels in seven weeks after the Bank of Japan remained…
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