Oil Prices Rise on China Optimism & Investors Return from Holidays
Oil Prices Rise on China Optimism & Investors Return from Holidays HG MARKETS: Oil prices rose on Thursday as investors returned to optimism about China’s economy and fuel demand on the first trading day of the new year following President Xi Jinping’s pledge to boost growth. North Sea Brent crude futures rose $1.04, or 1.39 […]
Gold Set for Strongest Year Since 2010 Amid Rate Cuts and Global Tensions
Gold Set for Strongest Year Since 2010 Amid Rate Cuts and Global Tensions HG MARKETS: Gold prices rose on Tuesday, marking the last trading day of a record-breaking year that saw the metal achieve its best annual performance since 2010. This surge was driven by strong central bank buying, geopolitical tensions, and monetary easing by […]
US Dollar Heads for Strong Year-End Performance on High-Rate Outlook
US Dollar Heads for Strong Year-End Performance on High-Rate Outlook HG MARKETS: The U.S. dollar was poised for an annual gain of nearly 7% on Friday, while the Japanese yen faced its fourth consecutive year of depreciation, as traders anticipated strong U.S. economic growth would prompt the Federal Reserve to adopt a cautious approach to […]
Oil Prices Rise Amid New Stimulus Measures from China
Oil Prices Rise Amid New Stimulus Measures from China HG MARKETS: Oil prices extended their upward trajectory in Asian trading on Thursday, following the Christmas holiday, supported by new stimulus measures announced by China and a decline in U.S. crude inventories. Brent crude futures rose 0.2% to $73.71 per barrel, while West Texas Intermediate (WTI) […]
Stock Futures Climb Following Wall Street’s Rebound Driven by Softer Inflation Data
Stock Futures Climb Following Wall Street’s Rebound Driven by Softer Inflation Data HG MARKETS: U.S. stock index futures rose on Sunday evening as Wall Street found some relief from softer inflation data, although investors remained cautious about a slower pace of interest rate cuts in the coming year. Last week, the Federal Reserve projected fewer […]
Nasdaq & Nikkei: Key Market News and Technical Analysis
Nasdaq & Nikkei: Key Market News and Technical Analysis HG MARKETS: The People’s Bank of China (PBOC) recently decided to keep its Loan Prime Rates (LPRs) unchanged at 3.10% for the one-year rate and 3.60% for the five-year rate, despite mounting deflationary pressures in the economy. This decision reflects the PBOC’s intent to maintain financial […]
Gold Prices Recover after the Fed-Driven Decline, But the Outlook Is Clouded by Hawkish Remarks
Gold Prices Recover after the Fed-Driven Decline, But the Outlook Is Clouded by Hawkish Remarks HG MARKETS: Although the Federal Reserve’s aggressive approach on future rate reduction clouded the picture for metal, gold prices recovered from a one-month low on Thursday as the central agency decreased interest rates as anticipated. Since sticky inflation was still […]
US Natural Gas Futures Drop on Increased Supply
US Natural Gas Futures Drop on Increased Supply HG MARKETS: Natural gas futures in the United States recently fell to $3.30 per MMBtu, retreating from a 13-month high as supply levels increased and milder-than-expected winter weather dampened demand projections. This marks a significant shift from the previous upward momentum driven by concerns about winter heating […]
Gold Holds near $2,700 as Dollar Strengthens Ahead of Fed Meeting
Gold Holds near $2,700 as Dollar Strengthens Ahead of Fed Meeting HG MARKETS: Gold prices stabilized during Asian trading on Friday, recovering some of the steep losses from the prior session as a stronger U.S. dollar weighed on the yellow metal. The dollar’s strength was driven by anticipation of the Federal Reserve’s upcoming policy meeting, […]
EUR/USD Weakens Below 1.0500 as Focus Shifts to US Inflation Report
EUR/USD Weakens Below 1.0500 as Focus Shifts to US Inflation Report HG MARKETS: The euro has edged marginally below the 1.05 level, as the recent upward momentum has proven unsustainable. Current market conditions suggest that a prolonged positive trajectory for the single European currency is unlikely. The primary factors weighing on the euro, as previously […]