market report

EURUSD remains under pressure ahead of the FOMC meeting. The key support area to watch today is 1.1680. The currency pair has been moving lower since June, largely due to a broad strengthening in the US dollar. In the short term if the pair break below the support 1.1700 the next immediate...

England’s most-legendary soccer team Manchester United PLC (NYSE: MANU) shares holding the previous week gains. The soccer club announced mixed fourth-quarter results On Friday, 17 September. The club posted a quarterly loss of £107.7 million, while revenue climbed 15% to £94 million...

E-commerce giant Amazon (NASDAQ: AMZN) is set to announce its second-quarter 2021 financial results today after the markets close. During the first quarter, Amazon revenue grew 44% year over year to $108.5 billion and EPS surged 215% to $15.79. Amazon's share price is up 9% this year, and the...

The king dollar slipped against most majors on Wednesday as the USD traders remained cautious of FOMC interest rate decision and the Fed Chair Jerome Powell press conference. The central bank is scheduled to issue its policy statement at 18.00 GMT. The Federal Open Market Committee is expected...

Apple (NASDAQ: AAPL) will release its third-quarter fiscal 2021 financial results on Tuesday, July 27, after market close. Wall Street expects Apple to earn $1.01 per share on revenue of $73.8 billion. $AAPL key technical levels to watch today: Support: $146 and $138 Resistance: $152 and...

The electric car maker Tesla (NASDAQ: TSLA) will announce its second-quarter 2021 financial results after market hours on Monday, July 26. The company is expected to post quarterly earnings of $0.94 per share and revenues are expected to be $11.4 billion. $TSLA key technical levels to watch...

The social media company Twitter (NYSE: TWTR) shares rallied almost 8% in after-hours trading, to as high as $76 following the company announced better-than-expected second-quarter financial results. The company reported average monetizable daily active users of 206 million for Q2. Twitter stock...

Today the attention in the markets remains focused on possible measures and changes that the European Central Bank may undertake in the July meeting to deal with rising inflation. The ECB Monetary Policy Statement is set to be released at 11:45 GMT. Along with this release will see the ECB...

Today the attention in the markets remains focused on possible measures and changes that the European Central Bank may undertake in the July meeting to deal with rising inflation. The ECB Monetary Policy Statement is set to be released at 11:45 GMT. Along with this release will see the ECB...

Worldwide, more than 188.3 million people have been confirmed infected and more than 4.06 million have died. The United States has confirmed over 33.9 million cases and has had more than 608,000 deaths from COVID-19, the highest totals in the world. On Thursday, the World Health Organization...

Gold price rose to a fresh monthly high of $1832 on Thursday. The recent bullish move supported by the renewed coronavirus surge in many parts of the world and a sharp rise in U.S inflation. In the short-term If the bullish momentum continues the next upside levels to watch $1836/40. EQUITIES...

US Airline firm Delta Airlines (NYSE: DAL) is scheduled to announce Q2 earnings results on Wednesday before the bell. Consensus forecast EPS of -$1.40 on revenue of $6.20 Billion. During the first quarter, the airline reported a net loss of 1.2 billion. Delta stock fell another 3% on Tuesday...

US Dollar Index rebounded back to above 92.50 on a strong safe-haven bid. Crude Oil prices slightly recovered while GOLD stays above $1800 ahead of FED minutes. EURO remains lower against the US dollar and British pound. Read more- https://gulfbrokers.com/en/daily-market-report-344

Crude oil futures slightly retreat after hitting a new session high on Tuesday following the OPEC+ failed to agree on a deal to increase production. OPEC's Secretary-General Mohammad Barkindo said in a statement on Monday the meeting had been cancelled. “We cannot extend the agreement or...

The markets in the U.S. will be closed on Monday in observance of the Independence Day holiday. However, other foreign financial and currency markets are expected to remain open for trading. EQUITIES European shares started the new on a positive note while the Chinese shares traded mixed...

US stock futures climb to a fresh weekly high on Friday ahead of the US NFP report, due later during the early North American session. NFP measures employment levels in the United States that does not include farm workers, private household employees, or non-profits. The market participants are...

GOLD and Silver prices rebounded. Oil prices struggling to find the upside momentum. GBPUSD and EURUSD slightly recovered from the fresh monthly lows. Global stocks remain under pressure driven by the recent inflation pressures. Read more- https://gulfbrokers.com/en/daily-market-report-331

US Dollar remains extra volatile after the FED meeting. DXY jumped to a 2-months high. GOLD price testing the key level 1800. Crude Oil prices struggling to find the upside momentum after strong inventory data. Read more- https://gulfbrokers.com/en/daily-market-report-330

GOLD and Global stocks flat as investors await Fed update. The British pound rebounded after the UK inflation report. Oil prices extend higher boosted by better-than-expected API data. Technical analysis - GBPUSD and Gold Read more- https://gulfbrokers.com/en/daily-market-report-329

US dollar index steady ahead of US retail sales report. GOLD price remains under pressure after the previous session sell-off. AUDUSD slips after RBA minutes. WTI rebounds back above $71, focus shits to API data. technical analysis - USD and Gold Read more-...