Industrial Metal Futures Plunging After Monetary Contraction
Industrial Metal Futures Plunging After Monetary Contraction Harvest Global Markets : The US Consumer Price Index report on 10th May showed a little to no change from year on year, dropping from 5% to 4.9% inflation rate. The expected targeted inflation rate of 2%-3% is yet to be achieved by the Fed, hence, a sentiment in […]
Unexpected Rise in U.S. Oil Inventories Sparked Demand Concerns
Unexpected Rise in U.S. Oil Inventories Sparked Demand Concerns Harvest Global Markets : Concerns about demand were raised by an unexpected increase in U.S. oil inventories, which led to a drop in oil prices and a stalling of pressure on Wednesday for the three-day gain. In order to predict the next rate decision in the top […]
Dollar Slides On Banking Crisis & Development Concerns
Dollar Slides On Banking Crisis & Development Concerns Harvest Global Markets : The U.S. dollar fell in early European exchange Friday, as brokers worried that the proceeded with unrest in the U.S. banking framework could result in sooner than-anticipated rate cuts by the Central bank. The dollar file, which tracks the greenback against a crate of […]
Fed Hikes Interest Rates 0.25 Percentage Point But Signals Pause In Inflation Fight
Fed Hikes Interest Rates 0.25 Percentage Point But Signals Pause In Inflation Fight Harvest Global Markets : True to the market expectation, Federal Open Market Committee (FOMC) raised the fed rate by 0.25%. After the rates were announced the greenback pulled back against the major currencies as the FED president suggested the end in rate hikes […]
RBA Unexpectedly Increases Rates in Order to Curb Down Inflation
RBA Unexpectedly Increases Rates in Order to Curb Down Inflation Harvest Global Markets : Asian markets had been quiet this morning. The paucity of economic indications focused attention on central banks, with investors attempting to second-guess RBA, Fed, and ECB monetary policy choices. The RBA stunned markets this morning by raising interest rates by 25 basis […]
Bank Of Japan Holds Steady On Yield Curve Control And Raises Inflation Outlook Amidst Global Pressure To Tighten Monetary Policy
Bank Of Japan Holds Steady On Yield Curve Control And Raises Inflation Outlook Amidst Global Pressure To Tighten Monetary Policy Harvest Global Markets : On Wednesday, the Bank of Japan (BOJ) announced that it will maintain its yield curve control (YCC) policy and increase its inflation outlook. The decision came after a two-day meeting of the […]
Platinum Prices Saw The Biggest Quarterly Increase Since 2008
Platinum Prices Saw The Biggest Quarterly Increase Since 2008 Harvest Global Markets : Platinum prices are up almost 15%, bringing its quarterly gain to just under 24%. That’s the biggest quarterly increase since the first quarter of 2008. According to the World Platinum Investment Council (WPIC), Platinum is one of the most undervalued metals on earth […]
Markets Trading In A Narrow Range As Traders Awaiting For The Us Gross Domestic Product
Markets Trading In A Narrow Range As Traders Awaiting For The Us Gross Domestic Product Harvest Global Markets : The upcoming US economic events, namely the Advance GDP report on Thursday, April 27th, the FOMC Statement on Wednesday, May 3rd, and the Non-Farm Payroll (NFP) Jobs report on Friday, May 5th, are likely to have a […]
Crude Losses Continue Due To Concerns About Rate Increases
Crude Losses Continue Due To Concerns About Rate Increases Harvest Global Markets : Thursday’s Asian morning trade saw a decline in oil prices as the U.S. dollar increased on predictions of rate hikes and because recent economic data from the US and China did not sufficiently support hopes that demand will increase. The price of Brent […]
With An Inflation Rate Of 10.1%, the United Kingdom Defies Gravity
With An Inflation Rate Of 10.1%, the United Kingdom Defies Gravity Harvest Global Markets : UK inflation report shifts the spotlight back to the Bank of England. This morning main focus was on the March UK CPI Report that was scheduled at 1100 HRS PKT. An annual inflation rate of 10.1%, combined with the most recent […]