Gold Stabilizes Above $2000 While Markets Reconsider Potential Rates Hike by Fed
Gold Stabilizes Above $2000 While Markets Reconsider Potential Rates Hike by Fed Harvest Global Markets : The value of gold stabilized and held onto crucial levels on early Monday (17 April 2023) Asian trading session, following hawkish remarks by Federal Reserve officials concerning the trajectory of interest rate increases, which had prompted a significant amount of […]
Natural Gas Futures Plunging As Warm Weather Favoring Bears
Natural Gas Futures Plunging As Warm Weather Favoring Bears Harvest Global Markets : Natural gas is a versatile fuel that has many industrial uses. Some of the common industrial uses of natural gas include: Power Generation: Natural gas is often used as a fuel to generate electricity in power plants. It is a cleaner-burning fuel than […]
Fed Rate Hikes May Be Over As Cooling Inflation Eases Pressure On The Dollar
Fed Rate Hikes May Be Over As Cooling Inflation Eases Pressure On The Dollar Harvest Global Markets : On Thursday 13 April 2023, the dollar stayed low during Asian trade following its overnight decline caused by the U.S. inflation data, which was lower than expected .This has led to speculation that the Federal Reserve’s monetary tightening […]
The Forth Coming CPI Data is considered to be a prominent
The Forth Coming CPI Data is considered to be a prominent strike Over Next Hike Path Of The Federal Reserve Bank Harvest Global Markets : The US Dollar Index (DXY), which tracks the Greenback against a basket of 6 rival currencies, kicked off the new week with a positive note and seems in continuation of its […]
XAU/USD TRADING AT RECORD HIGH AS US DOLLAR WEAKENS
XAU/USD TRADING AT RECORD HIGH AS US DOLLAR WEAKENS Harvest Global Markets : Gold cost is trading at close $2,040 the most elevated level since the last year high in March 2022, continuing yesterday’s Bull Run in the midst of weakness in the US Dollar. The weakness in dollar came forward when the JOLTS job opening […]
INTERNATIONAL FINANCIAL MARKETS WERE SHAKEN BY THE ASTONISHING OIL PRODUCTION CUT ANNOUNCEMENT
INTERNATIONAL FINANCIAL MARKETS WERE SHAKEN BY THE ASTONISHING OIL PRODUCTION CUT ANNOUNCEMENT Harvest Global Markets : The Organization of Petroleum Exporting Countries (OPEC) and other major oil producing countries, known as OPEC+ held a joint meeting on Sunday 2 April, 2023 to announce an unexpected further reduction in production of oil to 1.16 million barrels per […]
NATURAL GAS PRICES TAKE A HIT AS DEMAND COOLS DOWN
NATURAL GAS PRICES TAKE A HIT AS DEMAND COOLS DOWN: STORAGE DRAW FALLS SHORT AND PRICES DROP ALMOST 4% Harvest Global Markets : On March 31st, 2023, natural gas prices fell by almost 4% after the US Energy Information Administration (EIA) reported a smaller-than-expected storage draw. This unexpected news sent shockwaves through the natural gas market, […]
US STOCK FUTURES ON A RALLY AMID ECONOMIC UNCERTAINITY
US STOCK FUTURES ON A RALLY AMID ECONOMIC UNCERTAINITY Harvest Global Markets : Following a decrease in the significant midpoints because of higher security yields, U.S. stock futures are moving higher in Wednesday’s Asian session Dow Jones rose by 164 pips, or 0.5%. S&P 500 and US 100 climbed 0.74% and 0.83% respectively. Micron shares sneaked […]
Demand for Safe-Haven Asset Declines
Demand for Safe-Haven Asset Declines Harvest Global Markets : Trading activity on the precious yellow metal resulted in a drop of about 1.31%, with the dollar’s weakening acting as a tailwind to moderate the decline. Gold, which is currently moving around its strong support at $1950 after accounting loss of $26 on Monday, also benefited from […]
OIL PRICES AT CROSSROADS ON THE UPCOMING OPEC MEETING
OIL PRICES AT CROSSROADS ON THE UPCOMING OPEC MEETING Harvest Global Markets : Oil prices are looking for confidence as the banking crisis gripped the US economy, we saw one of the biggest oil, petroleum futures and options liquidations in history. Now US officials seem more focused on convincing the people that this banking crisis is […]