XAU/USD TRADING AT RECORD HIGH AS US DOLLAR WEAKENS
XAU/USD TRADING AT RECORD HIGH AS US DOLLAR WEAKENS Harvest Global Markets : Gold cost is trading at close $2,040 the most elevated level since the last year high in March 2022, continuing yesterday’s Bull Run in the midst of weakness in the US Dollar. The weakness in dollar came forward when the JOLTS job opening […]
INTERNATIONAL FINANCIAL MARKETS WERE SHAKEN BY THE ASTONISHING OIL PRODUCTION CUT ANNOUNCEMENT
INTERNATIONAL FINANCIAL MARKETS WERE SHAKEN BY THE ASTONISHING OIL PRODUCTION CUT ANNOUNCEMENT Harvest Global Markets : The Organization of Petroleum Exporting Countries (OPEC) and other major oil producing countries, known as OPEC+ held a joint meeting on Sunday 2 April, 2023 to announce an unexpected further reduction in production of oil to 1.16 million barrels per […]
NATURAL GAS PRICES TAKE A HIT AS DEMAND COOLS DOWN
NATURAL GAS PRICES TAKE A HIT AS DEMAND COOLS DOWN: STORAGE DRAW FALLS SHORT AND PRICES DROP ALMOST 4% Harvest Global Markets : On March 31st, 2023, natural gas prices fell by almost 4% after the US Energy Information Administration (EIA) reported a smaller-than-expected storage draw. This unexpected news sent shockwaves through the natural gas market, […]
US STOCK FUTURES ON A RALLY AMID ECONOMIC UNCERTAINITY
US STOCK FUTURES ON A RALLY AMID ECONOMIC UNCERTAINITY Harvest Global Markets : Following a decrease in the significant midpoints because of higher security yields, U.S. stock futures are moving higher in Wednesday’s Asian session Dow Jones rose by 164 pips, or 0.5%. S&P 500 and US 100 climbed 0.74% and 0.83% respectively. Micron shares sneaked […]
Demand for Safe-Haven Asset Declines
Demand for Safe-Haven Asset Declines Harvest Global Markets : Trading activity on the precious yellow metal resulted in a drop of about 1.31%, with the dollar’s weakening acting as a tailwind to moderate the decline. Gold, which is currently moving around its strong support at $1950 after accounting loss of $26 on Monday, also benefited from […]
OIL PRICES AT CROSSROADS ON THE UPCOMING OPEC MEETING
OIL PRICES AT CROSSROADS ON THE UPCOMING OPEC MEETING Harvest Global Markets : Oil prices are looking for confidence as the banking crisis gripped the US economy, we saw one of the biggest oil, petroleum futures and options liquidations in history. Now US officials seem more focused on convincing the people that this banking crisis is […]
BANK OF ENGLAND RAISES KEY RATE BY 25BPS TO 4.25%
BANK OF ENGLAND RAISES KEY RATE BY 25BPS TO 4.25% Harvest Global Markets : The Bank of England raised its key interest rate by another 25 basis points on Thursday to a new 15-year high of 4.25%, its latest step in a struggle to tame double-digit inflation in the U.K. Seven members of the nine-strong Monetary […]
GOLD PRICES TRADING NEAR 11- MONTH HIGH
GOLD PRICES TRADING NEAR 11- MONTH HIGH Harvest Global Markets : Gold bulls have been the greatest recipients of the worldwide financial emergency that has assumed control over the banks in the previous week. The yellow metal revitalized over 10% since March 8 and surpassed the 2,000 level on Monday during the European session prior to […]
NATURAL GAS PRICES TEST HISTORICAL LOWS AFTER SEVERE DEMAND DEFICIT IN EUROPE
NATURAL GAS PRICES TEST HISTORICAL LOWS AFTER SEVERE DEMAND DEFICIT IN EUROPE Harvest Global Markets : Natural Gas prices have been on a nose dive since the start of the year. NGAS was trading at around $4.30 in January 2023 and in just couple of weeks it has now broken the $2 support almost 50% down […]
GOLD (XAU-USD) & SILVER (XAG-USD) FUTURES TRADING IN A RANGE OVER KNIFE EDGE GEORGIA RACE
GOLD (XAU-USD) & SILVER (XAG-USD) FUTURES TRADING IN A RANGE OVER KNIFE EDGE GEORGIA RACE Harvest Global Markets : Gold gains were diminishing on Wednesday in Asian session as the dollar firmed with investors tracking two closely contested U.S. Senate runoff races in Georgia that will likely determine President-elect Joe Biden administration’s fiscal policy. U.S. gold […]