Stocks Slip as Strong Economy Raises Doubts on Fed Rate Cuts, Fed in Focus
Stocks Slip as Strong Economy Raises Doubts on Fed Rate Cuts, Fed in Focus HG MARKETS: US stock futures edged lower on Wednesday, with key indexes dipping modestly. Both the S&P 500 and Dow Jones futures contracts shed around 0.1%, while the Nasdaq 100 futures were down slightly more, at nearly 0.2%. Market participants remained […]
Gold Costs in Sight of Record Highs; Copper Bounce Back On China Signals
Gold Costs in Sight of Record Highs; Copper Bounce Back On China Signals HG MARKETS: Gold rose to a record as signs the Central bank is drawing nearer to slicing financing costs added impulse to a convention that is likewise been driven by international strains and strong Chinese interest. Gold fates struck $2,286.20 before in […]
The yen’s weakness pushes USD/JPY to 1990 highs, raising concerns about potential intervention
The yen’s weakness pushes USD/JPY to 1990 highs, raising concerns about potential intervention HG MARKETS: The Japanese yen faced downward pressure on Wednesday, driven by a strong U.S. dollar and a cautious stance from the Bank of Japan (BOJ). The USD/JPY pair reached its highest level in nearly 34 years, reaching 151.97, a level last […]
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 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
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 […]
Oil prices climb as a result of substantial U.S. inventory draw and positive OPEC demand outlook
Oil prices climb as a result of substantial U.S. inventory draw and positive OPEC demand outlook H.G Markets: On Wednesday, oil prices rose, supported by industry data indicating a significant and unexpected decrease in U.S. inventories. Brent oil futures increased by 0.8% to $82.56 per barrel, while West Texas Intermediate crude futures also rose by […]
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 […]