U.S. Tariffs Fuel Fears of Supply Disruptions, Driving Oil Prices Higher
U.S. Tariffs Fuel Fears of Supply Disruptions, Driving Oil Prices Higher HG MARKETS: Oil prices climbed on Monday following the imposition of new tariffs by U.S. President Donald Trump on imports from Canada, Mexico, and China. The tariffs have heightened fears of supply disruptions, though concerns over a potentially damaging trade war tempered further gains. […]
Gold prices reach all-time high as investors seek safety amid Trump’s tariff threats
Gold prices reach all-time high as investors seek safety amid Trump’s tariff threats HG MARKETS: Gold prices remained mostly stable during Asian trading on Friday, yet they were still at a record high after a significant surge in the previous session driven by growing uncertainty surrounding U.S. tariffs. Investors, wary of the evolving trade situation, […]
Dollar Rises Ahead of Fed Meeting, Euro Declines
Dollar Rises Ahead of Fed Meeting, Euro Declines HG MARKETS: The U.S. dollar strengthened slightly on Wednesday as traders showed caution ahead of the Federal Reserve’s upcoming policy decision, while the euro weakened in anticipation of the European Central Bank’s meeting on Thursday. The Dollar Index, which measures the greenback’s performance against six major currencies, […]
Nvidia Stock Plummets 13% Amid Concerns over DeepSeek’s AI Breakthrough
Nvidia Stock Plummets 13% Amid Concerns over DeepSeek’s AI Breakthrough HG MARKETS: NASDAQ futures slumped on Monday, driven by a decline in artificial intelligence heavyweight Nvidia (NASDAQ: NVDA) during premarket trading. Shares of the Santa Clara-based firm dropped 10% as investors weighed the potential implications of a breakthrough AI model from Chinese startup DeepSeek, which […]
Crude Oil to See First Weekly Decline of 2025 Amid Trump’s Tariffs Threats
Crude Oil to See First Weekly Decline of 2025 Amid Trump’s Tariffs Threats HG MARKETS: As sentiment is weighed by worries about trade conflicts and oil market intervention by recently elected U.S. President Donald Trump, oil prices are set to see their first weekly decrease of the year. During his first days in office, Trump […]
Gold price continues to rise above $2,750 despite slight USD strength
Gold price continues to rise above $2,750 despite slight USD strength HG MARKETS: Gold prices (XAU/USD) have been rising for the third day in a row on Wednesday, breaking past $2,750 and hitting their highest point since early November during the Asian trading session. This increase is mainly due to concerns about US President Donald […]
Trump Inauguration Pressures Dollar; Euro Gains Ground
Trump Inauguration Pressures Dollar; Euro Gains Ground HG MARKETS: The US dollar started the week on a softer note, with the Dollar Index—tracking the greenback against a basket of six major currencies—down 0.3% at 108.92, slightly below the two-year high reached last week. The dollar’s pullback follows a 4% gain since the November presidential election, […]
Disappointing UK Retail Sales Renew Rate Cut Speculation: GBP/USD Outlook
Disappointing UK Retail Sales Renew Rate Cut Speculation: GBP/USD Outlook HG MARKETS: The GBP/USD pair faced mild pressure today, trading around 1.21820 as mixed UK economic data weighed on sentiment. November saw a modest GDP growth of 0.1%, but industrial production dropped by 0.4%, reflecting the continued challenges facing the UK economy. Retail sales also […]
Yen Strengthens on BOJ Remarks, Sterling Stables After CPI,Market Bides forthcoming U.S. CPI Data
Yen Strengthens on BOJ Remarks, Sterling Stables After CPI,Market Bides forthcoming U.S. CPI Data HG MARKETS: The Japanese yen gained strength as speculation increased that the Bank of Japan (BOJ) could raise interest rates at its upcoming meeting. This speculation was fueled by recent comments from key BOJ officials. In particular, BOJ Governor Kazuo Ueda […]
Dollar Gains Momentum before Inflation Data; Sterling Struggles Again
Dollar Gains Momentum before Inflation Data; Sterling Struggles Again HG MARKETS: The US dollar extended its gains on Monday, maintaining elevated levels after stronger-than-expected US payrolls data bolstered sentiment. The Dollar Index, which measures the greenback against a basket of six major currencies, climbed 0.4% to 109.93, marking its highest point since October 2022 after […]