EUR/USD Weakens Below 1.0500 as Focus Shifts to US Inflation Report
EUR/USD Weakens Below 1.0500 as Focus Shifts to US Inflation Report HG MARKETS: The euro has edged marginally below the 1.05 level, as the recent upward momentum has proven unsustainable. Current market conditions suggest that a prolonged positive trajectory for the single European currency is unlikely. The primary factors weighing on the euro, as previously […]
Oil Prices surge Following China’s Monetary Policy Move and Syrian Political Turmoil
Oil Prices surge Following China’s Monetary Policy Move and Syrian Political Turmoil HG MARKETS: Oil prices saw a significant increase on Monday, rising by over 1% as China signaled its first move toward loosening monetary policy since 2010 in an effort to revive its slowing economy. According to state media reports, the country’s Politburo which […]
Gold Prices Edge Up as Focus Turns to US Nonfarm Payrolls
Gold Prices Edge Up as Focus Turns to US Nonfarm Payrolls HG MARKETS: Gold (XAU/USD) recovers intraday losses and trades higher around $2,640 during North American trading hours on Friday, as investors position themselves ahead of the November Nonfarm Payrolls (NFP) data from the United States. The employment report is widely regarded as a key […]
Safe-Haven Dollar Strengthens as Euro Falters Before Key French Vote
Safe-Haven Dollar Strengthens as Euro Falters Before Key French Vote HG MARKETS: The U.S. dollar edged higher on Wednesday, buoyed by its safe-haven appeal as political uncertainty in Europe and South Korea, along with ongoing conflicts in the Middle East and Ukraine, dominated market sentiment. The Dollar Index, which measures the greenback against a basket […]
Crude Oil Prices Remain Range-Bound As Market Eyes on Upcoming Key OPEC+ Meeting
Crude Oil Prices Remain Range-Bound As Market Eyes on Upcoming Key OPEC+ Meeting HG MARKETS: Crude oil prices are trading within a narrow range on Monday, maintaining levels similar to those observed last week, as traders await the highly anticipated OPEC+ meeting scheduled for Thursday. This meeting, considered one of the most important for oil […]
Asian Currencies Rise as Dollar Weakens on Fed Rate Cut Expectations
Asian Currencies Rise as Dollar Weakens on Fed Rate Cut Expectations HG MARKETS: Asian currencies edged higheron Friday as the U.S. dollar weakened, driven by rising expectations of a Federal Reserve rate cut in December. This comes despite recent data showing resilience in the U.S. economy and sticky inflation. Investors are now pricing in a […]
Euro Faces Volatility Amidst Slump Against the US Dollar
Euro Faces Volatility Amidst Slump Against the US Dollar HG MARKETS: The euro has been experiencing significant pressure in November 2024, dropping by around 3.8% against the US dollar, marking its worst month since early 2022. As the single currency approaches the critical $1 mark, analysts are raising alarms about the potential for heightened market […]
Gold Prices Climb amid Tariff Concerns, Held Back by Dollar Rally
Gold Prices Climb amid Tariff Concerns, Held Back by Dollar Rally HG MARKETS: Gold prices saw a modest rise in Asian trading on Tuesday, driven by increased demand for safe-haven assets following trade tariff threats by U.S. President-elect Donald Trump. Spot gold gained 0.1% to $2,628 per ounce, while December gold futures advanced 0.4% to […]
Oil Prices Surge Amid Escalating Ukraine Conflict and Geopolitical Tensions
Oil Prices Surge Amid Escalating Ukraine Conflict and Geopolitical Tensions HG MARKETS: Oil prices saw a modest increase on Friday, with a weekly rise set to exceed 4%, driven by intensifying tensions in Ukraine. This marks the most significant weekly gain since late September, as geopolitical uncertainties heightened concerns over global oil supply disruptions. […]
Natural Gas Prices Surged, Amid Colder Weather Forecasts, Geopolitical Tensions, and Bomb Cyclone
Natural Gas Prices Surged, Amid Colder Weather Forecasts, Geopolitical Tensions, and Bomb Cyclone HG MARKETS: U.S. natural gas futures surged on Thursday, with December contracts surpassing the $3.048 resistance, reaching $3.125. This rally is driven by colder weather forecasts and sustained LNG feed gas flows, with Maxar Technologies predicting a significant temperature drop from November […]