Dollar Faces Crucial Week Ahead
Dollar Faces Crucial Week Ahead HG MARKETS: Markets have responded positively to news of a finalized US-EU trade deal, which, while widely expected based on last week’s rumors, brought welcome relief amid months of escalating trade tensions. The agreement features a baseline tariff rate of 15% and a strong commitment from the EU to increase […]
Silver (XAG) Outlook: $38.51 Emerges as Crucial Near-Term Resistance Level
Silver (XAG) Outlook: $38.51 Emerges as Crucial Near-Term Resistance Level HG MARKETS: Silver prices are drifting lower early Friday, marking a third consecutive daily decline after hitting a 14-year high of $39.53 earlier this week. The metal is currently trading in a short-term range between $37.50 and $39.53, with $38.51 acting as a key pivot […]
Oil Markets Boosted by U.S. Trade Optimism, Falling Stockpiles
Oil Markets Boosted by U.S. Trade Optimism, Falling Stockpiles HG MARKETS: Oil prices advanced more than 1% on Thursday, supported by growing optimism over potential U.S.-EU trade negotiations and a larger-than-expected decline in U.S. crude inventories, which helped improve the outlook for global economic stability.Brent crude futures were up 79 cents, or 1.15%, to $69.30 […]
Gold Prices Ease Slightly but Hold near One-Month High amid US-EU Trade Tensions
Gold Prices Ease Slightly but Hold near One-Month High amid US-EU Trade Tensions HG MARKETS: Gold (XAU/USD) edged lower toward $3,385 during European trading hours on Tuesday but remained close to a more than one-month high near $3,400, as escalating trade tensions between the United States and the European Union continued to support demand for […]
Expectations for Natural Gas Prices, Along With Regional Heat
Expectations for Natural Gas Prices, Along With Regional Heat HG MARKETS: U.S. natural gas stockpiles grew by 46 billion cubic feet last week, keeping overall storage levels above average for this time of year. However, despite this seemingly ample supply, natural gas traders remain cautious. Total stored gas now stands at 3,052 billion cubic feet […]
Fueling Gains, Facing Fears
Fueling Gains, Facing Fears HG MARKETS: West Texas Intermediate (WTI) crude oil futures edged closer to the $68 per barrel mark on Friday, extending gains from the previous session where prices rose over 1%. The oil market is currently navigating a complex landscape, balancing significant supply disruptions against persistent uncertainty surrounding U.S. trade policy. One […]
Gold Prices Saw a Modest Increase As Investors Sought Safe Haven Assets
Gold Prices Saw a Modest Increase As Investors Sought Safe Haven Assets HG MARKETS: Gold prices edged higher in Asian trading on Monday, continuing their recent upward trend. This rise was fueled by increased demand for safe-haven assets due to concerns over more trade tariffs from U.S. President Donald Trump, and reports that Trump plans […]
Silver Prices Just Hit their Highest Point In More Than 13 Years
Silver Prices Just Hit their Highest Point In More Than 13 Years HG MARKETS: Metals have shown strong performance over the past few years, largely because of how global currencies lost value after the COVID-19 pandemic. Central banks’ widespread use of Quantitative Easing (QE) and balance sheet expansion put pressure on traditional currencies, providing a […]
GBP/USD Depreciates Amid Strengthening US Dollar and Heightened UK Fiscal Vulnerabilities
GBP/USD Depreciates Amid Strengthening US Dollar and Heightened UK Fiscal Vulnerabilities HG MARKETS: The GBP/USD currency pair extended its downward trajectory during the Asian trading session on Wednesday, declining to approximately 1.3580. The sustained depreciation in the Pound Sterling (GBP) reflects the increasing strength of the US Dollar (USD), underpinned by a resurgence in risk-averse […]
Oil Prices Recover despite Increased Releases of OPEC+
Oil Prices Recover despite Increased Releases of OPEC+ HG MARKETS: Oil prices were rebounded by early losses on Monday as merchants estimated the market’s general market even after OPEC+ agreed to increase production more than expected next month. Oil prices were rebounded by early losses on Monday as merchants estimated the market’s general market even […]