CPI Shockwaves Hit Asian Stocks, Nikkei Retreats From 34-Year Peak
CPI Shockwaves Hit Asian Stocks, Nikkei Retreats from 34-Year Peak H.G Markets : Asian shares experienced significant declines on Wednesday, following a similar trend seen on Wall Street due to concerns sparked by higher-than-expected U.S. inflation data. The Japanese Nikkei 225 dropped by 0.8% as investors decided to take profits after reaching 34-year highs, especially in […]
Palladium Cost Dips Under Platinum for the First Time Since 2018
Palladium Cost Dips Under Platinum for the First Time Since 2018 H.G Markets : Palladium futures prices fell beneath those of sister metal platinum interestingly since April 2018 on Thursday, as developing interest concerns and wagers on stable stockpile burdened the metal. By 1300 HRS PKT palladium was down 2.8% trading at $860.5 per troy ounce, […]
Gold Costs in a Holding Pattern Expecting More Rate Signals
Gold Costs in a Holding Pattern Expecting More Rate Signals H.G Markets : Gold costs floated marginally lower on Thursday, taking little help from a decrease in the dollar and yields as business sectors stayed nervous over the possibility of higher-for-longer U.S. financing costs. In any case, the yellow metal stuck to a great extent inside […]
After Pulling Back From A Nearly Three-month Peak, The Dollar Slid Against The Euro
After Pulling Back From A Nearly Three-month Peak, The Dollar Slid Against The Euro H.G Markets : On Wednesday, the dollar continued its retreat from a nearly three-month high against the euro, following a decline in U.S. bond yields. Analysts attributed the dollar’s pullback to technical factors, which came after a two-day rally against the euro, […]
Oil Rises after Gains, With the Focus Shifting To Ceasefire Talks in Gaza
Oil Rises after Gains, With the Focus Shifting To Ceasefire Talks in Gaza H.G Markets : Oil costs crawled up on Tuesday as financial backers held on to see whether a Center East excursion by top U.S. representative Antony Blinken will carry an end to the Gaza war, which has raised worries about provisions from the […]
Market Awaits Job Data amid Fed Mystery, China Concerns, Signaling Mixed Metals Outlook
Market Awaits Job Data amid Fed Mystery, China Concerns, Signaling Mixed Metals Outlook H.G Markets : Gold maintained levels above $2,050 per ounce on Friday, poised for nearly a 2% weekly gain, as the dollar and Treasury yields retreated amid strong expectations of US interest rate cuts in 2024. Despite Federal Reserve Chair Jerome Powell signaling […]
A mixed performance characterizes the dollar’s movements within a narrow trading range before FOMC
A mixed performance characterizes the dollar’s movements within a narrow trading range before FOMC H.G Markets : The dollar index ascended above 103.5 on Wednesday, nearing seven-week peaks as investors readied themselves for the Federal Reserve’s initial monetary policy pronouncement of the year. The central bank is anticipated to maintain interest rates at their current level, […]
Oil Bounces 1.5% In New Year after U.S. Powers Repulse Houthis In Red Ocean
Oil Bounces 1.5% In New Year after U.S. Powers Repulse Houthis In Red Ocean H.G Markets : Oil prices rose on Monday as Houthi rebels increased their attacks on vessels in the Red Sea, hitting a fuel tanker operated by Trafigura, adding to concerns about supply disruptions in the Middle East. Dangers of an extending struggle […]
Global Headwinds Testing Stock Market Records
Global Headwinds Testing Stock Market Records H.G Markets : On Friday, US stock futures experienced a decline following disappointing results from Intel, which led to a more than 10% plunge in extended trading. Intel’s weaker-than-expected first-quarter guidance had a ripple effect on industry peers such as NVidia (-1.7%), AMD (-3.4%), and Broadcom (-1.3%). In the previous […]
The dollar declines from its highs as risk appetite improves
The dollar declines from its highs as risk appetite improves H.G Markets : In early European trade on Wednesday, the US dollar pulled back from its six-week highs as risk appetite increased. Meanwhile, the euro struggled to gain traction ahead of the European Central Bank (ECB) policy meeting later in the week. The Dollar Index, which […]