RBA Unexpectedly Increases Rates in Order to Curb Down Inflation
RBA Unexpectedly Increases Rates in Order to Curb Down Inflation Harvest Global Markets : Asian markets had been quiet this morning. The paucity of economic indications focused attention on central banks, with investors attempting to second-guess RBA, Fed, and ECB monetary policy choices. The RBA stunned markets this morning by raising interest rates by 25 basis […]
Bank Of Japan Holds Steady On Yield Curve Control And Raises Inflation Outlook Amidst Global Pressure To Tighten Monetary Policy
Bank Of Japan Holds Steady On Yield Curve Control And Raises Inflation Outlook Amidst Global Pressure To Tighten Monetary Policy Harvest Global Markets : On Wednesday, the Bank of Japan (BOJ) announced that it will maintain its yield curve control (YCC) policy and increase its inflation outlook. The decision came after a two-day meeting of the […]
Platinum Prices Saw The Biggest Quarterly Increase Since 2008
Platinum Prices Saw The Biggest Quarterly Increase Since 2008 Harvest Global Markets : Platinum prices are up almost 15%, bringing its quarterly gain to just under 24%. That’s the biggest quarterly increase since the first quarter of 2008. According to the World Platinum Investment Council (WPIC), Platinum is one of the most undervalued metals on earth […]
Markets Trading In A Narrow Range As Traders Awaiting For The Us Gross Domestic Product
Markets Trading In A Narrow Range As Traders Awaiting For The Us Gross Domestic Product Harvest Global Markets : The upcoming US economic events, namely the Advance GDP report on Thursday, April 27th, the FOMC Statement on Wednesday, May 3rd, and the Non-Farm Payroll (NFP) Jobs report on Friday, May 5th, are likely to have a […]
Crude Losses Continue Due To Concerns About Rate Increases
Crude Losses Continue Due To Concerns About Rate Increases Harvest Global Markets : Thursday’s Asian morning trade saw a decline in oil prices as the U.S. dollar increased on predictions of rate hikes and because recent economic data from the US and China did not sufficiently support hopes that demand will increase. The price of Brent […]
With An Inflation Rate Of 10.1%, the United Kingdom Defies Gravity
With An Inflation Rate Of 10.1%, the United Kingdom Defies Gravity Harvest Global Markets : UK inflation report shifts the spotlight back to the Bank of England. This morning main focus was on the March UK CPI Report that was scheduled at 1100 HRS PKT. An annual inflation rate of 10.1%, combined with the most recent […]
Gold Stabilizes Above $2000 While Markets Reconsider Potential Rates Hike by Fed
Gold Stabilizes Above $2000 While Markets Reconsider Potential Rates Hike by Fed Harvest Global Markets : The value of gold stabilized and held onto crucial levels on early Monday (17 April 2023) Asian trading session, following hawkish remarks by Federal Reserve officials concerning the trajectory of interest rate increases, which had prompted a significant amount of […]
Natural Gas Futures Plunging As Warm Weather Favoring Bears
Natural Gas Futures Plunging As Warm Weather Favoring Bears Harvest Global Markets : Natural gas is a versatile fuel that has many industrial uses. Some of the common industrial uses of natural gas include: Power Generation: Natural gas is often used as a fuel to generate electricity in power plants. It is a cleaner-burning fuel than […]
Fed Rate Hikes May Be Over As Cooling Inflation Eases Pressure On The Dollar
Fed Rate Hikes May Be Over As Cooling Inflation Eases Pressure On The Dollar Harvest Global Markets : On Thursday 13 April 2023, the dollar stayed low during Asian trade following its overnight decline caused by the U.S. inflation data, which was lower than expected .This has led to speculation that the Federal Reserve’s monetary tightening […]
The Forth Coming CPI Data is considered to be a prominent
The Forth Coming CPI Data is considered to be a prominent strike Over Next Hike Path Of The Federal Reserve Bank Harvest Global Markets : The US Dollar Index (DXY), which tracks the Greenback against a basket of 6 rival currencies, kicked off the new week with a positive note and seems in continuation of its […]