Market Drivers: Futures Rise, ASML Outlook Weighs, and Beige Book in Focus
Market Drivers: Futures Rise, ASML Outlook Weighs, and Beige Book in Focus HG MARKETS: U.S. stock futures rose modestly on Wednesday as investors anticipated a wave of corporate earnings and potential further rate cuts by the Federal Reserve. Wall Street’s rebound on Tuesday was driven by strong results from key firms and supportive comments from […]
US Dollar Index Rises Above 98.50 as Trump Signals De-Escalation in US-China Trade Dispute.
US Dollar Index Rises Above 98.50 as Trump Signals De-Escalation in US-China Trade Dispute. HG MARKETS: The US Dollar Index (DXY), which measures the Greenback’s performance against a basket of six major global currencies, traded higher around 98.85 during the Asian session on Monday. The Dollar’s strength reflects renewed optimism among investors that tensions between […]
Silver holds near all-time highs amid safe-haven demand, tightening supply.
Silver holds near all-time highs amid safe-haven demand, tightening supply. HG MARKETS: Silver (XAG/USD) is holding firm on Friday, trading around $50.70, up 3.20% for the day and hovering near Thursday’s all-time high of $51.24. The precious metal continues to benefit from robust safe-haven demand, mounting supply constraints, and growing expectations of U.S. monetary easing. […]
Gaza Ceasefire Calms Oil Market, Sending Prices Lower
Gaza Ceasefire Calms Oil Market, Sending Prices Lower HG MARKETS: Oil prices edged lower on Thursday, extending the drop from the previous session, as the geopolitical risk premium began to dissipate following a significant diplomatic breakthrough in the Middle East conflict. War De-escalation Drives down Risk Premium The primary reason for the decline was the […]
Yen Hits 150: Currency Tumbles as New PM Signals Stimulus
Yen Hits 150: Currency Tumbles as New PM Signals Stimulus HG MARKETS: Currency markets saw notable movement on Tuesday, driven by political developments in Japan and France, alongside uncertainty stemming from the U.S. government shutdown. The Japanese Yen (JPY) fell to a two-month low against the US Dollar, touching 150.62 per dollar before trading at […]
U.S. Government Shutdown Hits Third Day
U.S. Government Shutdown Hits Third Day HG MARKETS: The U.S. government shutdown has now entered its third day after the Senate failed to pass a critical spending bill before the Yom Kippur holiday. Although the Senate remained open on Thursday, no vote was held in observance of Judaism’s holiest day. The next vote is expected […]
Pound Sterling Rises as U.S. Dollar Weakens on Government Shutdown Concerns.
Pound Sterling Rises as U.S. Dollar Weakens on Government Shutdown Concerns. HG MARKETS: The Pound Sterling (GBP) advanced to a fresh weekly high near 1.3480 against the U.S. Dollar (USD) during Wednesday’s European trading session, as the Greenback faced renewed selling pressure following the onset of a U.S. government shutdown. At the time of writing, […]
Gold Prices Reached a Record High In Asian Trading On Monday
Gold Prices Reached a Record High In Asian Trading On Monday HG MARKETS: Gold prices reached a record high in Asian trading on Monday, driven by a combination of safe-haven buying and expectations for lower U.S. interest rates. Key Drivers of the Surge The rally in gold and other precious metals was fueled by two […]
Russia’s Export Cuts Drive Oil to Largest Weekly Gain in Three Months
Russia’s Export Cuts Drive Oil to Largest Weekly Gain in Three Months HG MARKETS: Oil prices are on the rise this week, showing their strongest performance since early June, with both major benchmarks jumping over 4%. This increase is primarily due to several key factors related to supply and demand. A major driver has been […]
XAG/USD near 14-Year Highs: Silver Prices Supported by Fed Policy Expectations and Safe-Haven Demand
XAG/USD near 14-Year Highs: Silver Prices Supported by Fed Policy Expectations and Safe-Haven Demand HG MARKETS: Silver (XAG/USD) recovered earlier losses, trading around $44.10 per troy ounce. The precious metal remains close to a 14-year high of $44.47, supported by expectations that the US Federal Reserve will deliver a 25-basis-point rate cut at its October […]