Oil Prices Recover from 7-Week Low, But Still Face Steep Weekly Losses
Oil Prices Recover from 7-Week Low, But Still Face Steep Weekly Losses HG MARKETS: Oil prices experienced slight gains on Friday amid expectations of continued output cuts by OPEC+, but they were poised for their most significant weekly decline in three months due to uncertainties surrounding demand and easing tensions in the Middle East reducing […]
The Fed funds Rates Didn’t Move
The Fed funds Rates Didn’t Move HG MARKETS: Unsurprisingly, at its May policy meeting, the Federal Open Market Committee (FOMC) opted to keep the federal funds rate target range at 5.25% to 5.50%. The FOMC has maintained unchanged rates for the seventh straight meeting. Ten months having elapsed since the July 2023 rate hike, greater […]
As Markets Prepare For Hawkish Fed Policy, Gold Prices Fall Below $2,300
As Markets Prepare For Hawkish Fed Policy, Gold Prices Fall Below $2,300 HG MARKETS: Gold costs fell in Asian exchange on Wednesday, broadening steep for the time being misfortunes that saw the yellow metal slide past a key help level as business sectors prepared for possibly hawkish signs from the Central bank later in the […]
Oil Prices rose amid Ongoing Middle East Tensions despite Constraints from Strong US Dollar and US Inflation Figures.
Oil Prices rose amid Ongoing Middle East Tensions despite Constraints from Strong US Dollar and US Inflation Figures. HG MARKETS: Due to increased Middle East tensions, oil prices increased on Friday; but, gains were constrained by the strong dollar and U.S. inflation figures, which decreased expectations of interest rate cuts by the Federal Reserve. U.S. […]
Wall Street Rallies as Tesla Jumps on EV Plans, Tech Earnings Season Continues
Wall Street Rallies as Tesla Jumps on EV Plans, Tech Earnings Season Continues HG MARKETS: On Wednesday, US futures showed a mixed picture, with the S&P 500 edging up by approximately 0.1% and the Nasdaq 100 rising by 0.5%, whereas the Dow Jones dipped by roughly 30 points. Investors continued to focus on corporate earnings. […]
Firm Dollar Turns Up Heat on Yen, Increasing Intervention Talks
Firm Dollar Turns Up Heat on Yen, Increasing Intervention Talks HG MARKETS: A firm dollar had the yen locked close to a new 34-year low on Tuesday, keeping financial backers on increased mediation watch as they looked forward to key U.S. expansion report and the Bank of Japan’s rate choice on Friday, April 26. The […]
Geopolitical Tensions Spark Gold Rally, Industrial Metals Up On Supply Concerns
Geopolitical Tensions Spark Gold Rally, Industrial Metals Up on Supply Concerns HG MARKETS: Gold prices surged in Asian trading on Friday, nearing record highs following reports of Israeli strikes on Iran. This escalation heightened demand for safe-haven assets, particularly amid deteriorating conditions in the Middle East. Spot gold reached as high as $2,417.79 an ounce, […]
Middle East supply risks fail to offset oil price decrease driven by concerns over demand
Middle East supply risks fail to offset oil price decrease driven by concerns over demand HG MARKETS: Oil prices experienced a third consecutive decline on Wednesday due to anticipated increases in U.S. commercial inventories, coupled with weakened economic indicators from China and reduced expectations of interest rate adjustments, which raised concerns about global demand. Brent […]
Oil Prices Fall As Worries about a Potential Oil Shortage in the Middle East Decrease
Oil Prices Fall As Worries about a Potential Oil Shortage in the Middle East Decrease HG MARKETS: Oil edged lower on Tuesday as facilitating worry about supply gambles and a quickly heightening struggle after Iran’s weekend assault on Israel offset information showing China’s economy developed surprisingly quick in the principal quarter. Likewise weighing was more […]
ECB Rate Cuts Results in Dollar Surge and Yen Down to 34-Year Low
ECB Rate Cuts Results in Dollar Surge and Yen Down to 34-Year Low HG MARKETS: The European Central Bank (ECB) sent indications that suggested a possible rate drop, which caused the euro to plunge sharply and reach its lowest point in five months. In the meantime, the strong expansion of the U.S. economy suggested that […]