Pound Drops as UK Economy Shows Signs of Slowing in Third Quarter.
Pound Drops as UK Economy Shows Signs of Slowing in Third Quarter. HG MARKETS: The Pound Sterling (GBP) remains under pressure against major peers as weaker-than-expected UK economic data reinforces concerns over slowing growth and rising unemployment. The Office for National Statistics (ONS) reported on Tuesday that the UK economy expanded by just 0.1% in […]
Gold holds near 3-week high on Fed cut bets
Gold holds near 3-week high on Fed cut bets HG MARKETS: Gold (XAU/USD) holds modest intraday gains during the first half of the European session, trading just below its nearly three-week high reached on Tuesday. Ongoing concerns over the potential economic fallout from the longest-ever US government shutdown continue to drive demand for the safe-haven […]
Oil set for second straight weekly decline amid ongoing oversupply worries
Oil set for second straight weekly decline amid ongoing oversupply worries HG MARKETS: Oil prices gained modestly on Friday, recovering some ground after three consecutive sessions of losses. However, the market remains on course for its second straight weekly decline, pressured by persistent concerns over excess supply and signs of weakening demand in the United […]
U.S. Futures Waver as Tech Titans Falter Amid Mounting Valuation Jitters
U.S. Futures Waver as Tech Titans Falter Amid Mounting Valuation Jitters HG MARKETS: U.S. stock futures exhibited a mixed tone on Wednesday as persistent weakness in the technology sector weighed on sentiment, with investors increasingly questioning the sustainability of elevated equity valuations. By early morning trade, Dow Jones futures edged modestly higher, while S&P 500 […]
Gold Prices Falter Despite Modest Rebound, Capped by Fed’s Hawkish Outlook.
Gold Prices Falter Despite Modest Rebound, Capped by Fed’s Hawkish Outlook. HG MARKETS: Gold (XAU/USD) is attempting to extend a modest intraday rebound on Tuesday, though the recovery lacks strong bullish conviction as the metal remains on the defensive below the key $4,000 psychological mark during the early European session. A modest improvement in global […]
Japanese Yen slips despite Tokyo CPI boost amid BoJ uncertainty
Japanese Yen slips despite Tokyo CPI boost amid BoJ uncertainty HG MARKETS: The Japanese Yen (JPY) gained limited support after stronger-than-expected Tokyo inflation data reignited hopes for a potential Bank of Japan (BoJ) rate hike. However, the currency struggled to maintain momentum and remained near its lowest level since February. The Tokyo Consumer Price Index […]
Fed Poised for a Successive Rate Cut; EUR/USD on Alert Ahead of Powell’s Guidance
Fed Poised for a Successive Rate Cut; EUR/USD on Alert Ahead of Powell’s Guidance HG MARKETS: The U.S. Federal Reserve is set to announce its October policy decision on Wednesday, with markets widely expecting a 25-basis-point rate cut, bringing the target range down to 3.75%–4.00%. According to the CME FedWatch Tool, investors are fully pricing […]
Oil prices climb due to positive US-China trade talks, but supply concerns remain a factor
Oil prices climb due to positive US-China trade talks, but supply concerns remain a factor HG MARKETS: Crude oil prices witnessed a measurable ascent during Asian trading hours on Monday, building upon the substantial gains achieved in the preceding week. This rally is primarily being fueled by an emergent confluence of positive geopolitical and monetary […]
U.S. Stock Futures Rise Ahead of Inflation Data as Intel Delivers Strong Results
U.S. Stock Futures Rise Ahead of Inflation Data as Intel Delivers Strong Results HG MARKETS: U.S. stock futures edged slightly higher on Friday as investors awaited the release of key inflation data that could shape expectations for the Federal Reserve’s upcoming rate decisions. Dow Jones futures were up 65 points or 0.1%, S&P 500 futures […]
Copper Prices Fall Over 1% as Stronger U.S. Dollar and Demand Shifts Weigh on Market.
Copper Prices Fall Over 1% as Stronger U.S. Dollar and Demand Shifts Weigh on Market. HG MARKETS: Copper prices retreated, erasing the previous day’s gains, as a stronger U.S. dollar pressured commodities priced in the greenback. The U.S. Dollar Index climbed 0.3% to 98.8, reaching a session high of 98.9, while December copper futures fell […]