Mixed Global Market Performance with Slight EUR/USD Gain Over the Weekend
Global indices showed mixed movements over the weekend, with the DAX and NASDAQ posting slight gains while the DOW and Hang Seng edged lower. Commodity prices were mixed, with gold and silver rising and US oil declining, alongside a modest increase in the EUR/USD currency pair.
Gold Rallies After Historic Sell-Off, Bulls Not Finished Yet
The weekly bar in gold leading into last week looked threatening and imposing. The upper wick alone was more than $600 and it was a sound rebuke of the $5k level as buyers were trampled by a late-week sell-off.
US Praises Saudi-Syrian Investment Agreements, Says Envoy for Syria
The US envoy for Syria has commended recent investment deals between Saudi Arabia and Syria, highlighting potential economic cooperation. This development may influence regional economic dynamics and investor confidence.
Italian Defense Minister Emphasizes Saudi Role in Middle East Stability
The Italian Defense Minister stated that stability in the Middle East is unattainable without direct involvement from Saudi Arabia. This highlights the strategic importance of Saudi Arabia in regional peace efforts.
Saudi Investment Minister Confirms Steady Progress in Partnership with Syria
The Saudi Investment Minister stated that the partnership with Syria is advancing through carefully calculated measures. This indicates a cautious but deliberate approach to strengthening economic ties between the two nations.
US-India Interim Trade Deal Boosts Footwear and Apparel Exporters
Footwear manufacturers and apparel exporters are the primary beneficiaries of the new interim trade agreement between the US and India. This deal is expected to reduce uncertainty in financial markets, providing a more stable environment for trade and investment.
Weekend Market Summary Shows Minimal Movements Across Major Indices and Currencies
Major global stock indices including the DAX, Dow, NASDAQ, FTSE, Nikkei, and Hang Seng showed negligible changes over the weekend. Currency pairs EUR/USD and USD/JPY also remained largely stable with minimal fluctuations, while precious metals Gold and Silver saw slight gains. Overall, market activity was subdued with no significant shifts.
EU Considers New Defense Funding After €150 Billion Loan Program Oversubscribed
The European Union is exploring options for additional defense funding following strong demand that exceeded the initial €150 billion loan program. This move indicates continued investment in EU defense capabilities amid heightened geopolitical concerns.
Silver Price Forecast 2026: Is $100 Still in Play After the Crash?
The Silver price in US dollars settled near $77.8 per ounce on Friday, recovering part of the sharp losses suffered a day earlier when prices briefly plunged to around $67.4. Even after the bounce, silver remains down close to 9 per cent for February, having traded in an unusually wide range between $64 and $92 over the course of the.
Deutsche Bank Euro to Dollar Year Ahead Forecast: EUR/USD Tipped at 1.25 by End 2026
The Euro to Dollar (EUR/USd) exchange rate surged to 4-year highs above 1.2050 in late January before a retreat to below 1.1800 amid a dollar rebound. Deutsche Bank expects a 1.15-1.20 range in the near term before gains to 1.25 by the end of this year.