Potential BoJ Policy Shift Triggers Yen Rally and USD/JPY Plunge
Potential BoJ Policy Shift Triggers Yen Rally and USD/JPY Plunge Harvest Global Markets : On Thursday, the value of the US Dollar against the Japanese Yen (USD/JPY) dropped significantly by more than 4%, briefly falling below 142.00. Later, the broader financial markets saw a moderate recovery, causing the Japanese Yen to gain strength. By the end […]
Investors are cautious given labor market concerns
Investors are cautious given labor market concerns Harvest Global Markets : Stock futures performed unevenly during Thursday’s pre-market trade, suggesting that investors are feeling cautious. Futures for the Dow Jones Industrial Average are down 0.20% at 36,039.00, while the S&P 500 Index is down 0.04% at 4,554.25. The Nasdaq-100, on the other hand, has shown resilience, […]
RBA’s Hold at 4.35% Reshapes Markets: Unraveling the Impact on AUD/USD and Global Dynamics
RBA’s Hold at 4.35% Reshapes Markets: Unraveling the Impact on AUD/USD and Global Dynamics Harvest Global Markets : On December 5, 2023, the Reserve Bank of Australia (RBA) opted to maintain the cash rate at 4.35%, aligning with economists’ predictions. The decision marked a pause in the RBA’s previous rate hike cycle, drawing attention to the […]
GOLD PRICES STEADY FOLLOWING ROBUST NOVEMBER RALLY AS MARKET AWAITS POWELL’S GUIDANCE
GOLD PRICES STEADY FOLLOWING ROBUST NOVEMBER RALLY AS MARKET AWAITS POWELL’S GUIDANCE Harvest Global Markets : Gold prices held steady near a seven-month high on Friday, taking a breather from their recent surge as investors awaited further guidance on U.S. interest rates from Federal Reserve Chair Jerome Powell later in the day. A string of mixed […]
Dollar Rises From its Three-Month Lows When PCE Data Seems Prominent
Dollar Rises From its Three-Month Lows When PCE Data Seems Prominent Harvest Global Markets : The U.S. dollar edged higher in early European exchange Thursday, however stayed close to a three-month low in front of a critical perusing of U.S. expansion later in the meeting. Dollar Record, which tracks the greenback against a crate of six […]
The OPEC+ Dilemma: Decoding the Impacts on Crude Oil Prices
The OPEC+ Dilemma: Decoding the Impacts on Crude Oil Prices Harvest Global Markets : As the eagerly anticipated OPEC+ meeting looms on November 30, 2023, the fate of crude oil prices teeters on the precipice, contingent upon the consortium’s decision on production cuts. The potential outcomes of this meeting cast a significant shadow over the oil […]
U.S. Natural Gas Market Navigates Geopolitical Tensions and Supply-Demand Dynamics
U.S. Natural Gas Market Navigates Geopolitical Tensions and Supply-Demand Dynamics Harvest Global Markets : The U.S. natural gas futures market is currently below $2.950 as of Friday. However, in the preceding session, there was a 1% uptick in futures. This increase was influenced by an unexpected withdrawal from gas storage and the anticipation of heightened heating […]
Dollar Retreats In Thin Range Affected By Thanksgiving; Euro Helped By German PMIs
Dollar Retreats In Thin Range Affected By Thanksgiving; Euro Helped By German PMIs Harvest Global Markets : The U.S. dollar withdrew in flimsy occasion affected exchange Thursday, with dealers processing late financial information and how it possibly affects the Central bank’s loan fee strategy. Dollar File, which tracks the greenback against a bushel of six different […]
Silver Prices Surge: Factors Driving the Rally and Market Outlook
Silver Prices Surge: Factors Driving the Rally and Market Outlook Harvest Global Markets : Silver prices surged on Tuesday, driven by a confluence of factors such as lower U.S. Treasury yields and a weakened U.S. Dollar. The decline in yields has enhanced the appeal of non-yielding silver, while a softer dollar has increased demand among foreign […]
OIL CONTINUES ITS UPWARD TREND AS OPEC+ CONSIDERS DEEPER CUTS
OIL CONTINUES ITS UPWARD TREND AS OPEC+ CONSIDERS DEEPER CUTS Harvest Global Markets : Oil prices rose slightly on Monday, continuing gains from last week, as investors bet that OPEC+ will cut production further to support prices. Prices have fallen for four weeks straight due to easing concerns about supply disruptions in the Middle East.Brent crude […]