US Stock Prospects Edge Higher With Fed Speak, Work Information In Center
US Stock Prospects Edge Higher With Fed Speak, Work Information In Center HG MARKETS: U.S. stock futures rose in night bargains on Sunday as financial backers anticipated more signs on loan fees from a huge number of Central bank authorities and key work market readings this week. Money Road was nursing misfortunes from Friday, after […]
UK Economy Expands by 0.7% in Q1 2024
UK Economy Expands by 0.7% in Q1 2024 HG MARKETS: On Friday, June 28, the UK economy garnered attention following the recent decision by the Bank of England to leave interest rates unchanged. Finalized GDP numbers for Q1 revealed a more resilient-than-expected UK economy, with a growth rate of 0.7% quarter-on-quarter, up from a preliminary […]
Gold Dips amid Stable Dollar Ahead of US Inflation Data
Gold Dips amid Stable Dollar Ahead of US Inflation Data HG MARKETS: Gold prices saw a modest decline in Asian trading on Wednesday, extending losses from the previous session as traders favored the dollar ahead of crucial U.S. inflation data. The precious metal remained within a trading range around the low $2,300 per ounce level […]
Focus Is On Us Inflation Data, Which Keeps Oil Prices Steady
Focus Is On Us Inflation Data, Which Keeps Oil Prices Steady HG MARKETS: Oil costs were consistent on Tuesday, facilitating just marginally from the past meeting’s benefits on heightening international pressures and assumptions for further developed fuel request this late spring, while financial backers anticipated U.S. expansion information not long from now. Oil and fuel […]
The Yen Fuels Boom, Japan Visitors Surpass 3 Million for the Third Month
The Yen Fuels Boom, Japan Visitors Surpass 3 Million for the Third Month HG MARKETS: According to official data released on Wednesday, Japan received more than 3 million visitors for the third consecutive month in May. The weak yen contributed to the continuation of a record rate of inbound tourism. The quantity of unfamiliar guests […]
Inflation in the UK returns to the Bank of England’s target
Inflation in the UK returns to the Bank of England’s target HG MARKETS: Data from earlier Wednesday at 1100 HRS PKT indicated that U.K. inflation returned to the Bank of England’s target for the first time in nearly three years, raising expectations that the central bank will begin cutting interest rates soon. The U.K buyer […]
Silver prices hovering $30 psychological level
Silver prices hovering $30 psychological level HG MARKETS: Silver prices have recently reversed their previous decline, gaining traction around the $29.07 mark and reaching an intra-day high of $29.13. This uptick is primarily attributed to a weaker US dollar, which has lost strength due to rising market sentiment. Expectations that the Federal Reserve might cut […]
With The Fed’s Rate Decision And CPI On Tap, Gold Prices Remain Around $2,300
With The Fed’s Rate Decision And CPI On Tap, Gold Prices Remain Around $2,300 HG MARKETS: As traders hunkered down in anticipation of more definitive cues on U.S. rates from a Federal Reserve meeting and inflation data, gold prices moved little on Wednesday in Asian trade, remaining close to a significant support level. In light […]
Oil Costs Up 3% to One-Week High On Any Expectations of Higher Summer Fuel Demand
Oil Costs Up 3% to One-Week High On Any Expectations of Higher Summer Fuel Demand HG MARKETS: On Tuesday, oil prices fell as investors awaited key U.S. inflation data and the Fed’s policy meeting’s outcome to get a better idea of where inflation is going and how it will affect fuel demand. On Monday, expectations […]
US employment growth likely to remain at a moderate level in May
US employment growth likely to remain at a moderate level in May HG MARKETS: In May, U.S. job growth likely maintained a moderate pace, with wage gains expected to remain steady. This situation would keep the Federal Reserve in a wait-and-see stance regarding interest rates, although it might bolster expectations for at least one interest […]