As More Clues about OPEC and Debt Ceiling Talks Emerge, Oil Creeps Lower
As More Clues about OPEC and Debt Ceiling Talks Emerge, Oil Creeps Lower Harvest Global Markets : Oil costs mellowed in early exchange on Friday, burdened by contradictory signals from Russia and Saudi Arabia in front of the following OPEC+ strategy meeting and a more grounded dollar. Brent rough fell 30 cents to $75.96 a barrel […]
GBPUSD Downside Risk Remains Despite Higher Than Expected Inflation
GBPUSD Downside Risk Remains Despite Higher Than Expected Inflation Harvest Global Markets : Based on the most recent data published by the UK Office for National Statistics (ONS) on Wednesday, the Consumer Price Index (CPI) in the United Kingdom experienced an 8.7% increase in April, showing a slowdown compared to the significant 10.1% surge recorded in […]
Historical Debt Ceiling Standoffs Offer Insights into Future Economic Repercussions
Historical Debt Ceiling Standoffs Offer Insights into Future Economic Repercussions Harvest Global Markets : Concerns over the potential effects of the U.S. debt ceiling situation on the economy are emerging. I covered last week, how social welfare programs can be impacted if a timely debt ceiling agreement cannot be reached. The economy might have consequences, regardless […]
US Indices Futures Soaring Over Debt Ceiling Increase Optimism
US Indices Futures Soaring Over Debt Ceiling Increase Optimism Harvest Global Markets : U.S. stocks are seen edging higher at the open Friday, as financial backers keep on observing the obligation roof talks as well as remarks from Central bank head Jerome Powell. Dow Fates contract was up 35 focuses, or 0.1%, S&P 500 Prospects exchanged […]
Oil Prices Seem Ready For Bull Run
Oil Prices Seem Ready For Bull Run Harvest Global Markets : Oil prices were trading lower on Tuesday as investors were cautious after a rise in US. Crude inventories build up, furthermore the world’s biggest importer oil i.e. China latest economic data has shown that its economy is recovering at a slower pace than what had […]
Long-term Risks of the Debt Ceiling Undermining US Credit Worthiness
Long-term Risks of the Debt Ceiling Undermining US Credit Worthiness Harvest Global Markets : Debt ceiling crisis leads to instability in the financial system. The federal government has experienced stages of debt repayment hardship as a result of recurrent debt limit crises, and it now depends on last-minute congressional action to secure debt repayment in full […]
Natural Gas Futures Plunging As Recession Fear Favoring Bears
Natural Gas Futures Plunging As Recession Fear Favoring Bears Harvest Global Markets : The denial of export permit extensions by the U.S. Department of Energy to liquefied natural gas (LNG) developers who fail to meet construction deadlines presents a new challenge for greenfield plants, according to analysts. The DOE’s recent announcement stated that future extensions would […]
Industrial Metal Futures Plunging After Monetary Contraction
Industrial Metal Futures Plunging After Monetary Contraction Harvest Global Markets : The US Consumer Price Index report on 10th May showed a little to no change from year on year, dropping from 5% to 4.9% inflation rate. The expected targeted inflation rate of 2%-3% is yet to be achieved by the Fed, hence, a sentiment in […]
Unexpected Rise in U.S. Oil Inventories Sparked Demand Concerns
Unexpected Rise in U.S. Oil Inventories Sparked Demand Concerns Harvest Global Markets : Concerns about demand were raised by an unexpected increase in U.S. oil inventories, which led to a drop in oil prices and a stalling of pressure on Wednesday for the three-day gain. In order to predict the next rate decision in the top […]
Dollar Slides On Banking Crisis & Development Concerns
Dollar Slides On Banking Crisis & Development Concerns Harvest Global Markets : The U.S. dollar fell in early European exchange Friday, as brokers worried that the proceeded with unrest in the U.S. banking framework could result in sooner than-anticipated rate cuts by the Central bank. The dollar file, which tracks the greenback against a crate of […]