Oil slips from recent multi-month highs ahead of Federal Reserve meeting
Oil slips from recent multi-month highs ahead of Federal Reserve meeting HG MARKETS: On Wednesday, WTI crude futures eased to approximately $82 per barrel, stepping back marginally from recent peaks as investors opted to lock in profits following a robust rally in oil prices. Market sentiment was cautious ahead of the US Federal Reserve’s interest […]
Metals Outlook: Central Bank Policies & Economic Indicators
Metals Outlook: Central Bank Policies & Economic Indicators HG MARKETS: Gold prices declined during Asian trading on Monday, breaking through a crucial support level as traders became cautious towards non-yielding assets ahead of the Federal Reserve meeting later in the week. The rally in industrial metals seemed to have paused, with copper prices easing after […]
Forecast for Natural Gas & Oil: Fed hawks could put pressure on prices amid a 4% gain
Forecast for Natural Gas & Oil: Fed hawks could put pressure on prices amid a 4% gain HARVEST GLOBAL MARKETS: After the unexpectedly high U.S. inflation data was released, oil prices slightly declined from their recent four-month highs. The dollar’s strengthening and profit-taking behaviors contributed to this retreat. In spite of this small setback, the […]
Oil prices climb as a result of substantial U.S. inventory draw and positive OPEC demand outlook
Oil prices climb as a result of substantial U.S. inventory draw and positive OPEC demand outlook H.G Markets: On Wednesday, oil prices rose, supported by industry data indicating a significant and unexpected decrease in U.S. inventories. Brent oil futures increased by 0.8% to $82.56 per barrel, while West Texas Intermediate crude futures also rose by […]
Japanese Stocks Tumble 3%, Yen Firms As End to Ultra Loose BOJ Shows Up Near
Japanese Stocks Tumble 3%, Yen Firms As End to Ultra Loose BOJ Shows Up Near H.G Markets: Japanese stocks fell strongly on Monday, while the yen floated close to one-month highs as media reports recommended the Bank of Japan could end its yield curve control approaches by when one week from now. The Nikkei 225 […]
Germany’s Economic Data; Support For ECB Rate Cuts
Germany’s Economic Data; Support for ECB Rate Cuts H.G Markets: The German economy was in the spotlight this Friday as investors carefully examined two important metrics: Producer Prices and Industrial Production. After falling by 2.0% in December, German industrial production increased by 1.0% in January, above experts’ forecasts. Among the noteworthy developments are the building […]
Gold prices retreat from peak levels, with risk aversion providing some support
Gold prices retreat from peak levels, with risk aversion providing some support H.G Markets: Gold prices retreated towards $2,120 per ounce on Wednesday, as investors adopted a cautious stance ahead of Federal Reserve Chair Jerome Powell’s testimony before the US Congress on Wednesday and Thursday. Powell’s statements are eagerly awaited for insights into the timing […]
Biden’s Downsized Power Rule Raises Questions Over Us Environment Target
Biden’s Downsized Power Rule Raises Questions Over Us Environment Target H.G Markets: The Biden organization’s choice to prohibit the current U.S. armada of gaseous petrol power plants from forthcoming fossil fuel byproducts guidelines brings up issues over the country’s capacity to meet its environment objectives, as per scientists. Tidying up the U.S. power industry, wellspring […]
US Stocks Reach Record Highs on Inflation Data
US Stocks Reach Record Highs on Inflation Data H.G Markets: Asian equities advanced on Friday, led by Japan, following record highs in US stocks driven by in-line inflation data. Japan’s Nikkei benchmark surged up to 2.1% to reach an all-time high, approaching the 40,000 mark, after a two-day decline. This positive momentum was spurred by […]
Oil prices decline due to Fed caution and stock build, outweighing OPEC+ news
Oil prices decline due to Fed caution and stock build, outweighing OPEC+ news H.G Markets: Oil prices in Asia retreated on Wednesday, influenced by the potential delay in the U.S. rate-cutting cycle and an uptick in U.S. crude stocks. Brent crude futures declined by 0.36%, or 30 cents, to reach $83.35 per barrel, while U.S. […]