Pound Sterling Extends Gains vs US Dollar
Pound Sterling Extends Gains vs US Dollar HG MARKETS: The Pound Sterling (GBP) continued to strengthen against the US Dollar (USD) for the third consecutive session on Friday, climbing toward 1.3470 during the European session. The US Dollar weakened broadly amid escalating trade tensions between the United States and China, coupled with growing market expectations […]
Market Drivers: Futures Rise, ASML Outlook Weighs, and Beige Book in Focus
Market Drivers: Futures Rise, ASML Outlook Weighs, and Beige Book in Focus HG MARKETS: U.S. stock futures rose modestly on Wednesday as investors anticipated a wave of corporate earnings and potential further rate cuts by the Federal Reserve. Wall Street’s rebound on Tuesday was driven by strong results from key firms and supportive comments from […]
US Dollar Index Rises Above 98.50 as Trump Signals De-Escalation in US-China Trade Dispute.
US Dollar Index Rises Above 98.50 as Trump Signals De-Escalation in US-China Trade Dispute. HG MARKETS: The US Dollar Index (DXY), which measures the Greenback’s performance against a basket of six major global currencies, traded higher around 98.85 during the Asian session on Monday. The Dollar’s strength reflects renewed optimism among investors that tensions between […]
Silver holds near all-time highs amid safe-haven demand, tightening supply.
Silver holds near all-time highs amid safe-haven demand, tightening supply. HG MARKETS: Silver (XAG/USD) is holding firm on Friday, trading around $50.70, up 3.20% for the day and hovering near Thursday’s all-time high of $51.24. The precious metal continues to benefit from robust safe-haven demand, mounting supply constraints, and growing expectations of U.S. monetary easing. […]
Gaza Ceasefire Calms Oil Market, Sending Prices Lower
Gaza Ceasefire Calms Oil Market, Sending Prices Lower HG MARKETS: Oil prices edged lower on Thursday, extending the drop from the previous session, as the geopolitical risk premium began to dissipate following a significant diplomatic breakthrough in the Middle East conflict. War De-escalation Drives down Risk Premium The primary reason for the decline was the […]
Yen Hits 150: Currency Tumbles as New PM Signals Stimulus
Yen Hits 150: Currency Tumbles as New PM Signals Stimulus HG MARKETS: Currency markets saw notable movement on Tuesday, driven by political developments in Japan and France, alongside uncertainty stemming from the U.S. government shutdown. The Japanese Yen (JPY) fell to a two-month low against the US Dollar, touching 150.62 per dollar before trading at […]
U.S. Government Shutdown Hits Third Day
U.S. Government Shutdown Hits Third Day HG MARKETS: The U.S. government shutdown has now entered its third day after the Senate failed to pass a critical spending bill before the Yom Kippur holiday. Although the Senate remained open on Thursday, no vote was held in observance of Judaism’s holiest day. The next vote is expected […]
Pound Sterling Rises as U.S. Dollar Weakens on Government Shutdown Concerns.
Pound Sterling Rises as U.S. Dollar Weakens on Government Shutdown Concerns. HG MARKETS: The Pound Sterling (GBP) advanced to a fresh weekly high near 1.3480 against the U.S. Dollar (USD) during Wednesday’s European trading session, as the Greenback faced renewed selling pressure following the onset of a U.S. government shutdown. At the time of writing, […]
Gold Prices Reached a Record High In Asian Trading On Monday
Gold Prices Reached a Record High In Asian Trading On Monday HG MARKETS: Gold prices reached a record high in Asian trading on Monday, driven by a combination of safe-haven buying and expectations for lower U.S. interest rates. Key Drivers of the Surge The rally in gold and other precious metals was fueled by two […]
Russia’s Export Cuts Drive Oil to Largest Weekly Gain in Three Months
Russia’s Export Cuts Drive Oil to Largest Weekly Gain in Three Months HG MARKETS: Oil prices are on the rise this week, showing their strongest performance since early June, with both major benchmarks jumping over 4%. This increase is primarily due to several key factors related to supply and demand. A major driver has been […]