Pound Sterling Strengthens as UK Inflation Reaches 18-Month High.
Pound Sterling Strengthens as UK Inflation Reaches 18-Month High. HG MARKETS: The British Pound (GBP) advanced against major currencies on Wednesday after the United Kingdom’s Consumer Price Index (CPI) for July exceeded market expectations, reinforcing the outlook for a cautious monetary policy stance from the Bank of England (BoE). Data released by the Office for […]
Trump Shifts Stance On Ceasefire After Meeting With Putin
Trump Shifts Stance On Ceasefire After Meeting With Putin HG MARKETS: When President Trump was flying to Alaska for his summit with Russian leader Vladimir Putin, Trump said the main goal was a ceasefire. He said he’d be disappointed if it didn’t happen, and warned of “severe consequences.” But shortly after meeting Putin, Trump reversed […]
Gold Edges Higher Yet Remains on Track for Weekly Loss Ahead of Alaska summit
Gold Edges Higher Yet Remains on Track for Weekly Loss Ahead of Alaska summit HG MARKETS: Gold prices inched higher on Friday, but the yellow metal remained on course for a weekly decline as investor optimism over a substantial interest rate cut by the Federal Reserve next month continued to fade.Spot gold rose 0.2% to […]
Oil Prices Dip as IEA Warns of Supply Surplus; Markets Await Trump-Putin Meeting
Oil Prices Dip as IEA Warns of Supply Surplus; Markets Await Trump-Putin Meetinga HG MARKETS: Oil prices edged lower on Wednesday after the International Energy Agency (IEA) forecast that global oil supply would exceed demand in 2025, amid signs of weakening fuel consumption in major economies. The agency raised its supply growth estimates while lowering […]
Pound Sterling Begins the Week Firmly as Markets Await Key UK and US Economic Data
Pound Sterling Begins the Week Firmly as Markets Await Key UK and US Economic Data HG MARKETS: At the commencement of the trading week, the Pound Sterling (GBP) sustains its upward momentum for the fifth consecutive session against the US Dollar (USD), with the GBP/USD pair surging to approximately 1.3480. This rally is largely attributed […]
Gold Prices Rise as U.S. Tariffs Threaten Global Bullion Trade
Gold Prices Rise as U.S. Tariffs Threaten Global Bullion Trade HG MARKETS: Gold prices climbed in Asian trading on Friday, heading for a weekly gain as fresh U.S. trade tariffs under President Donald Trump added to global economic uncertainty. Market attention was also drawn to the possibility of new import duties on one-kilogram gold bars […]
Oil Prices Rebound from One-Month Low Amid Focus on Potential Sanctions Against Russian Crude Importers
Oil Prices Rebound from One-Month Low Amid Focus on Potential Sanctions Against Russian Crude Importers HG MARKETS: Oil prices rose during Asian trading hours on Wednesday, staging a mild recovery from a five-week low recorded in the previous session. The uptick was primarily driven by concerns over potential supply disruptions amid renewed geopolitical tensions, particularly […]
Silver Extends Recovery Amid Softer U.S. Labor Market Data and Lower Treasury Yields
Silver Extends Recovery Amid Softer U.S. Labor Market Data and Lower Treasury Yields HG MARKETS: The price of silver (XAG/USD) extended its rebound on Monday, reaching approximately $37.30, building on Friday’s upward momentum. The recovery in the white metal is primarily attributed to a sharp decline in U.S. Treasury yields, which followed the release of […]
The Significance of U.S. Tariff Hike, Apple & Amazon Earnings, and NFP Data
The Significance of U.S. Tariff Hike, Apple & Amazon Earnings, and NFP Data HG MARKETS: U.S. stock futures edged lower early Friday as investors braced for the final trading session of one of the busiest weeks in financial markets this year. Key factors driving sentiment included global trade developments, tech earnings, and upcoming U.S. economic […]
EUR/USD Stabilizes Near Monthly Lows Ahead of Key US GDP Release and Fed Policy Decision
EUR/USD Stabilizes Near Monthly Lows Ahead of Key US GDP Release and Fed Policy Decision HG MARKETS: The EUR/USD pair remains under pressure, hovering near one-month lows and poised for its first monthly decline since December, as a sharp two-day sell-off overshadows mildly positive Eurozone GDP data. The Euro’s modest rebound in Asian trading failed […]