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HG Markets

Intervention Threat Maintains Dollar’s Charge To New Highs Against The Japanese Yen

Intervention Threat Maintains Dollar’s Charge To New Highs Against The Japanese Yen HG MARKETS: The dollar was on the front foot on Monday and kept the yen stuck close to a multi-decade low, however the danger of cash intercession from Japanese specialists kept the greenback from heading further north. The yen was marginally higher on […]

Fed’s Rate Cut Signal and Tech Surge Driving Wall Street to Record Highs

Fed’s Rate Cut Signal and Tech Surge Driving Wall Street to Record Highs HG MARKETS: Wall Street recorded record highs for the second day in a row as it resumed its upward trajectory. The Federal Reserve’s hint of possible rate reduction and chip stocks’ sharp increase—largely driven by Micron Technology’s bullish prediction—supported the rally. Encouraged […]

Oil slips from recent multi-month highs ahead of Federal Reserve meeting

OIL PRICES CLIMB

Oil slips from recent multi-month highs ahead of Federal Reserve meeting HG MARKETS: On Wednesday, WTI crude futures eased to approximately $82 per barrel, stepping back marginally from recent peaks as investors opted to lock in profits following a robust rally in oil prices. Market sentiment was cautious ahead of the US Federal Reserve’s interest […]

Metals Outlook: Central Bank Policies & Economic Indicators

Economic Indicators

Metals Outlook: Central Bank Policies & Economic Indicators HG MARKETS: Gold prices declined during Asian trading on Monday, breaking through a crucial support level as traders became cautious towards non-yielding assets ahead of the Federal Reserve meeting later in the week. The rally in industrial metals seemed to have paused, with copper prices easing after […]

Forecast for Natural Gas & Oil: Fed hawks could put pressure on prices amid a 4% gain

Forecast for Natural Gas & Oil: Fed hawks could put pressure on prices amid a 4% gain HARVEST GLOBAL MARKETS: After the unexpectedly high U.S. inflation data was released, oil prices slightly declined from their recent four-month highs. The dollar’s strengthening and profit-taking behaviors contributed to this retreat. In spite of this small setback, the […]

Japanese Stocks Tumble 3%, Yen Firms As End to Ultra Loose BOJ Shows Up Near

Japanese Stocks Tumble 3%, Yen Firms As End to Ultra Loose BOJ Shows Up Near H.G Markets: Japanese stocks fell strongly on Monday, while the yen floated close to one-month highs as media reports recommended the Bank of Japan could end its yield curve control approaches by when one week from now. The Nikkei 225 […]

Germany’s Economic Data; Support For ECB Rate Cuts​

Germany’s Economic Data; Support for ECB Rate Cuts H.G Markets: The German economy was in the spotlight this Friday as investors carefully examined two important metrics: Producer Prices and Industrial Production. After falling by 2.0% in December, German industrial production increased by 1.0% in January, above experts’ forecasts. Among the noteworthy developments are the building […]

Gold prices retreat from peak levels, with risk aversion providing some support

Gold prices retreat from peak levels, with risk aversion providing some support H.G Markets: Gold prices retreated towards $2,120 per ounce on Wednesday, as investors adopted a cautious stance ahead of Federal Reserve Chair Jerome Powell’s testimony before the US Congress on Wednesday and Thursday. Powell’s statements are eagerly awaited for insights into the timing […]