Cookies

We use cookies to store, access and process personal data to give you the best online experience. By clicking Accept Cookies you consent to storing all cookies and ensure best website performance. You can modify cookie preferences or withdraw consent by clicking Cookie Settings. To find out more about cookies and purposes, read our Privacy Notice.

Cookies settings


Cookie Control

What are cookies?

Cookies are small text files that enable us, and our service provides to uniquely identify your browser or device. Cookies normally work by assigning a unique number to your device and are stored on your browser by the websites that you visit as well as third-party service providers for those website. By the term cookies other technologies as SDKs, pixels and local storage are to be considered.


If Enabled

We may recognize you as a customer which enables customized services, content and advertising, services effectiveness and device recognition for enhanced security
We may improve your experience based on your previous session
We can keep track of your preferences and personalize services
We can improve the performance of Website.


If Disabled

We won't be able to remember your previous sessions, that won't allow us to tailor the website according to your preferences
Some features might not be available and user experience reduced without cookies


Strictly necessary means that essential functions of the Website can not be provided without using them. Because these cookies are essential for the properly working and secure of Website features and services, you cannot opt-out of using these technologies. You can still block them within your browser, but it might cause the disfunction of basic website features.

  • Setting privacy preferences
  • Secure log in
  • Secure connection during the usage of services
  • Filling forms

Analytics and performance tracking technologies to analyze how you use the Website.

  • Most viewed pages
  • Interaction with content
  • Error analysis
  • Testing and Measuring various design effectivity

The Website may use third-party advertising and marketing technologies.

  • Promote our services on other platforms and websites
  • Measure the effectiveness of our campaigns

Tesla Signs Deal to Supply Nickel to The United States

The renowned electric carmaker Tesla has officially signed its first nickel supply deal in the United States, opting for Talon Metals Corp's Tamarack mining project in Minnesota due to ambitions to manufacture the electric vehicle battery metal in a more environmentally-friendly manner. Demand for nickel is expected to surge over the next decades amid the popularization of electric vehicles.

MACROECONOMIC DATA ANALYSIS

The Czech Republic announced on Monday that after a positive COVID-19 test, critical professionals such as doctors and teachers will be allowed to return to work, making it the latest European government to lift restrictions in order to keep services functioning as Omicron coronavirus variant cases escalate.

Qatar and Saudi Arabia have suspended their efforts at the World Trade Organization (WTO) with regards to settling a dispute over the alleged piracy of content produced by the Doha-based sports and entertainment channel beIN. Both countries informed the WTO that they were “mutually” suspending their remaining requests.

CURRENCIES

In early trading sessions of Tuesday, the US dollar remained towards the middle of its current range against key rivals, as traders awaited the confirmation hearing of incumbent Fed Chair Jerome Powell later in the day for additional signals on the speed and timing of policy normalization. The dollar index, which measures the currency against six other currencies, traded around 95.860.

GOLD

Gold prices inched higher, thanks to a weaker dollar, which typically moves inversely to the safe haven, as well as the release of key U.S. inflation data later on in the week. The precious metal futures edged 0.46% higher to price at $1,807 per ounce.

OIL

Crude oil prices escalated in Tuesday’s early trading sessions as investors & traders retrieved some risk appetite as they await indications from the chairman of the US Federal Reserve on possible interest rate hikes. Also, the rise can be attributed to the struggles of some oil producers to increase output. Brent futures jumped 0.50%, to $81.27 a barrel, after dropping 1% in the previous session, and WTI oil climbed 0.70% to $78.75 a barrel.

INDICES

USA: S&P500 -0.14%, Dow Jones Industrial Average -0.45%, Nasdaq Composite +0.14%

Europe: FTSE 100 -0.53%, DAX -1.13%, CAC 40 -1.44%

Asia: Nikkei 225 -0.90%, Hang Seng -0.39%, CSI 300 -0.96%, Nifty 50 +0.18%

Risk Warning: Trading in leverage products carries a high level of risk and may not be suitable for all investors. Past performance of an investment is no guide to its performance in the future. Investments, or income from them, can go down as well as up. You may not necessarily get back the amount you invested. All opinions, news, analysis, prices or other information contained on this website are provided as general market commentary and does not constitute investment advice, nor a solicitation or recommendation to buy or sell any financial instruments or other financial products or services.

Legal: GULF BROKERS DMCC is a limited liability company incorporated and licensed under the laws of the Dubai Multi Commodities Centre (“DMCC”)to carry out certain categories of financial investment business as permitted under Licence No. DMCC- 30636, broker member of the Dubai Gold & Commodities Exchange (“DGCX”) under Member No 554 and regulated broker by the Securities & Commodities Authority (“SCA”) Licence No. 607110.

GULF BROKERS DMCC does not offer its services to the residents of certain jurisdictions such as: Afghanistan, Cuba, Crimea, Israel, Sudan, North Korea, Ethiopia, Iran, Bosna and Herzegovina, Iraq, Lao Peoples Democratic Republic, Syria, Uganda, Vanuatu, Yemen and EU residents.

Manage Cookies

© 2017 - 2022 GULF BROKERS