Mohamed Hashad - Middle East News 247
December 13, 2024
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Mohamed Hashad

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Noor Capital Weekly Market Report

For investors who anticipated a smooth 2024, last week painted a different picture of the market. The week started with a sharp drop in the Dow Jones on Monday, sparking a wave of negative headlines predicting further losses. The following days were marked by wild swings, including some sharp gains. However, by the week’s end, […]
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𝗚𝗼𝗹𝗱 𝗽𝗿𝗶𝗰𝗲𝘀 𝘀𝗼𝗮𝗿𝗲𝗱 𝗯𝘆 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝟭.𝟵𝟯%, 𝗳𝘂𝗲𝗹𝗲𝗱 𝗯𝘆 𝗲𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗮 𝗨𝗦 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲 𝗰𝘂𝘁 𝗶𝗻 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿

Gold prices reached a record high and soared by more than 1.93% on Tuesday. Please find below a detailed report by Mohamed Hashad, Chief Market Strategist, at Noor Capital. Gold Sets New Record High on US Rate Cut Hopes Gold prices soared by more than 1.93% on Tuesday, fueled by intensifying expectations for a US interest rate […]
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Markets will focus on inflation data next week

Throughout the week ending June 21, the market’s attention was fixated on the Federal Reserve’s future interest rate decisions. Investor focus centred on everything influencing interest rate expectations, including economic data releases, developments within the US economy, and statements from the Federal Reserve itself. Last week saw the release of several key sets of US
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Fed does not rule out two rate cuts in 2024

Fed Chairman Jerome Powell noted that the revised forecast is a conservative approach and left open the possibility of additional rate reduction. Federal Reserve officials released a startling change to their estimates for the number of interest rate cuts this year. Following the two-day monetary policy meeting in Washington on Wednesday, policymakers released updated
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𝗪𝗵𝗮𝘁 𝗰𝗮𝗻 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝗲𝘅𝗽𝗲𝗰𝘁 𝗳𝗿𝗼𝗺 𝗘𝗖𝗕’𝘀 𝗿𝗮𝘁𝗲 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻?

Based on recent signals from central bank officials that the economy qualifies monetary authorities for this option, the ECB is widely expected to cut rates at its meeting, on Thursday, June 6. If this forecast comes to pass, it will be the first European cut for lending interest since 2016 and the first in interest […]
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How Will US Inflation Data Influence Major Currencies?

The looming CPI data for April 2024 is practically intriguing and warrants close analysis. Its potential impact on major currency performance in the forex market is significant. In this report, we will look closely into the background of this crucial inflation data and explore its implications for currency price action, CPI OverviewApril’s CPI report is […]
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What is behind oil price’s recent decline?

Since mid-April 2024, the global oil market has been in a tug of war mode, with remarkable fluctuations, as prices continued to swing and reacted to upward and downward pressures. To understand this volatility, it is essential to refer to reliable data and stay informed on global developments and the key factors that directly or […]