U.K. Inflation Cools in June, But Hawkish Stance Maintained By Bank of England
U.K. Inflation Cools in June, But Hawkish Stance Maintained By Bank of England Harvest Global Markets : The United Kingdom witnessed a notable slowdown in inflation in June, coming in below economists’ consensus expectations at 7.9% annually. While this decline provides some relief, the annualized price rises still remain significantly above the Bank of England’s 2% […]
Dollar Licks Wounds As Strategy Top Weavers
Dollar Licks Wounds As Strategy Top Weavers Harvest Global Markets : A swollen dollar took relief on Monday subsequent to experiencing its most terrible week by week drop of the year, as merchants looked out for financial information and strategy choices prior to selling it down any further. The euro which hopped 2.4% last week to […]
OPEC Raises Crude Oil Demand Forecast for 2023, Boosting Prices
OPEC Raises Crude Oil Demand Forecast for 2023, Boosting Prices Harvest Global Markets : The Organization of the Petroleum Exporting Countries (OPEC) has recently revised its crude oil demand forecast for 2023, projecting an increase of 2.4 million barrels per day (bpd). The latest Monthly Oil Market Report (MOMR) from OPEC indicates an upward revision of […]
Silver Rises As Dollar Weakens Over a Plunge in US Inflation Reading For June 2023
Silver Rises As Dollar Weakens Over a Plunge in US Inflation Reading For June 2023 Harvest Global Markets : A weaker U.S. dollar and the potential for the Federal Reserve to pause its monetary tightening strategy bolstered the market mood, sending silver prices soaring to a one-month high. The most recent data revealed a slight increase […]
Traders Anxiously Awaiting the US Inflation Report
Traders Anxiously Awaiting the US Inflation Report Harvest Global Markets : Gold costs edged higher on Wednesday, adhering near a multi week high as business sectors bet that the Central bank was near arriving at top loan fees, with center going to forthcoming purchaser expansion information. The possibility of an inevitable finish to the Federal Reserve’s […]
DESPITE A SLOWDOWN IN JOB GAINS, THE FEDERAL RESERVE IS EXPECTED TO PROCEED WITH INTEREST RATE HIKES DUE TO RISING WAGES AND A LOW UNEMPLOYMENT RATE
DESPITE A SLOWDOWN IN JOB GAINS, THE FEDERAL RESERVE IS EXPECTED TO PROCEED WITH INTEREST RATE HIKES DUE TO RISING WAGES AND A LOW UNEMPLOYMENT RATE Harvest Global Markets : In June, the U.S. added fewer jobs than expected. However, the labor market still demonstrated strong wage growth and a slight decline in the unemployment rate, […]
Gains are Capped Ahead of the Report on Non-farm Payrolls for Silver Prices
Gains are Capped Ahead of the Report on Non-farm Payrolls for Silver Prices Harvest Global Markets : Investors were anticipating the Federal Reserve’s decision to maintain higher interest rates, which would put pressure on non-yielding metals and cause silver prices to drop for the week. Although there were worries about a future recession due to rising […]
OPEC’s Strategy And The Battle For Oil Prices
OPEC’s Strategy And The Battle For Oil Prices Harvest Global Markets : Saudi Arabia has announced an extension of its voluntary 1 million barrels per day (bpd) production cut through August. Recent statements from OPEC and Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, indicate that Asia’s robust economic growth, particularly in China and India, will […]
THE FINANCE MINISTER OF JAPAN CAUTIONS AGAINST AN OVERLY AGGRESSIVE DEVALUATION OF THE YEN
THE FINANCE MINISTER OF JAPAN CAUTIONS AGAINST AN OVERLY AGGRESSIVE DEVALUATION OF THE YEN Harvest Global Markets : Finance Minister Shunichi Suzuki of Japan stated that appropriate measures would be taken if the yen experiences excessive weakening. This came after the currency reached its lowest point against the dollar in seven months. Suzuki cautioned against investors […]
Central Bankers Remain Resolute as Economies Weather Rate Hikes
Central Bankers Remain Resolute as Economies Weather Rate Hikes Harvest Global Markets : In a joint appearance at a panel discussion in Sintra, Portugal, top central bankers, including Federal Reserve Chair Jerome Powell, European Central Bank President Christine Lagarde, and Bank of England Governor Andrew Bailey, reiterated their commitment to curbing high inflationary pressures. Despite a […]