Inflation Data Weighs on the Dollar
by Rania Gule, Senior Market Analyst at XS.com – MENA
The USD/JPY pair witnessed a significant drop, starting Thursday’s session around the 155.00 level, near the lower boundary of the short-term descending channel. This decline came after U.S. inflation data showed a slowdown in core inflation, triggering a dollar sell-off and prompting investors to seek refuge in the Japanese yen. This...
Wall Street banks to report quarterly results
by Antonio Di Giacomo, Senior Market Analyst at XS.com
The quarterly earnings of several Wall Street banks will serve as a key indicator of market optimism following Donald Trump's election, which raised expectations for pro-business policies. This reporting period is crucial for understanding how financial institutions are navigating the current economic environment, especially after the volatility caused by political and...
UAE, New Zealand Enter Preliminary Discussions on Comprehensive Economic Partnership Agreement
His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade,...
New Fund for Pandemic Prevention, Preparedness and Response Formally Established
The new financial intermediary fund (FIF) for pandemic prevention, preparedness, and response (PPR) was officially established by...
Unemployment rate in the OECD area falls further to 5.5% in November 2021
The monthly unemployment rate in the OECD area fell to 5.5% in November 2021,...
Pre-Cyber Monday Digital Sales Up 18% Despite Higher Prices, Smaller Discounts, and Fewer Products
Early holiday shopping is driving an increase in digital sales this...
Renewable resources discussions grow multifold in 2020 as fossil fuel demand dwindles
‘Renewable energy’ mentions in oil and gas companies’ earnings transcripts increased by over...
