Gold prices rose in Pakistan on Friday, according to data compiled by FXStreet. The price for Gold stood at 38,377.77 Pakistani Rupees (PKR) per gram, up compared with the PKR 38,324.56 it cost on Thursday. The price for Gold increased to PKR 447,624.40 per tola from PKR 447,010.20 per tola a day earlier. Unit measure […]
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The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,
Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He
GBP/USD flubbed a technical run at the 1.3350 handle on Wednesday, falling back below the key technical level and trimming some of the ground gained during a strong rebound earlier in the week. The Pound Sterling (GBP) has climbed against the US Dollar (USD), but a seven-session backlide in the US Dollar Index (DXY) has
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AMD chief executive Lisa Su says the company is authorised to ship certain MI308 artificial-intelligence chips to China and is ready to pay a 15% fee to the U.S. government should those exports move ahead. Speaking at a Wired event in San Francisco, Su confirmed AMD holds the required licenses under the Biden-era export controls
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
The Dow Jones Industrial Average (DJIA) spun in a tight circle near 48,000 on Thursday before retreating around 200 points. Equity markets are taking a break and slowing their momentum through the back half of the trading week as investors’ focus remains fully pinned on the upcoming Federal Reserve (Fed) interest rate decision slated for
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
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Twin pillars support 2026 outlook The case for the FTSE 100 in 2026 rests on two pillars: earnings resilience and a more supportive Bank of England (BoE). Both appear likely to contribute positively, even if the journey is expected to be choppier than the strong and steady gains seen during most of 2025. The FTSE 100
A senior Singapore regulator has warned that Asia’s likely move to T+1 settlement must be carefully managed to avoid introducing new risks into the region’s financial infrastructure. Ian Chung, executive director of the markets, infrastructures and intermediaries department at the Monetary Authority of Singapore, said he saw a move to T+1 settlement as inevitable for
The USDCAD pushed higher in early trading after the release of U.S. initial jobless claims, which showed a sharper-than-expected decline. Claims fell to 191K, well below the 220K expected. While the report covers the Thanksgiving week—a period often distorted by seasonal factors—the broader takeaway is that the U.S. labor market continues to reflect a low-hire,
Global markets have steadied heading into US session, with equity futures pointing to a flat open after yesterday’s strong rally. Early optimism from Japan and Europe faded through the day, leaving investors cautious but not materially risk-off. The backdrop is one of consolidation rather than clear direction. US jobless claims delivered a notable surprise, falling
The Pound Sterling (GBP) clings to gains near its over-a-month high around 1.3350 against the US Dollar (USD) during the European trading session on Thursday. The GBP/USD pair demonstrates strength as the US Dollar remains on back foot amid reinforced dovish Federal Reserve (Fed) expectations and the Pound Sterling continues to outperform since the budget
Macro update US stocks rise on renewed rate-cut expectations: Equities closed higher after ADP and ISM services data strengthened expectations of a December Federal Reserve (Fed) rate cut, with markets pricing an 89% probability of a 25bp move. Shutdown-driven data gaps muddy the outlook: The record 43-day US government shutdown has delayed major releases, forcing
