Angola’s OPEC defection overshadowed by Red Sea tension, driving oil higher
Angola’s OPEC defection overshadowed by Red Sea tension, driving oil higher Harvest Global Markets : On Friday, oil prices climbed despite Angola’s departure from the Organization of the Petroleum Exporting Countries (OPEC), as the country’s contribution to the cartel’s overall output is relatively small. Crude prices were on track for a positive weekly performance, driven by […]
Futures Take a Breather After Rally; FEDEX Slides
Futures Take a Breather After Rally; FEDEX Slides Harvest Global Markets : U.S. stock index futures inched lower on Wednesday as investors took a breather from a rally that was sparked by the Federal Reserve’s likely pivot to a dovish policy, while FedEx (NYSE:FDX) tumbled after issuing a grim outlook.All the three main indexes have advanced […]
Yen Gains Ground Ahead Of Boj Meeting as Dollar Falls
Yen Gains Ground Ahead Of Boj Meeting as Dollar Falls Harvest Global Markets : The U.S. dollar edged lower in early European exchange Monday, while the Japanese yen offered back some of last week’s benefits in front of the decision of a key strategy meeting by the Bank of Japan. After losing roughly 1.3% last week, […]
Gold Prices Rise Above $2,000 as the Dollar Sinks and Yields Fall Due To the Dovish Fed
Gold Prices Rise Above $2,000 as the Dollar Sinks and Yields Fall Due To the Dovish Fed Harvest Global Markets : Gold costs rose somewhat in Asian exchange on Friday, expanding a push above key levels after tentative signs from the Central bank ignited steep misfortunes in the dollar and Depository yields. The yellow metal bounced […]
Lower Oil Prices Due to Inflation, Fed Rates, and Outlook for Global Demand
Lower Oil Prices Due to Inflation, Fed Rates, and Outlook for Global Demand Harvest Global Markets : Wednesday morning sees a sharp decline in crude oil prices, which hit a six-month low during the previous session. A spike in U.S. consumer prices that was not anticipated is said to have compounded worries about oversupply and declining […]
INCOMING INFLATION DATA AND FED’S WEIGHTY DECISION: MARKET DRIVERS UNVEILED
INCOMING INFLATION DATA AND FED’S WEIGHTY DECISION: MARKET DRIVERS UNVEILED Harvest Global Markets : Investors are eagerly awaiting the U.S. inflation report for November, a pivotal factor in the upcoming interest rate decision by Federal Reserve officials. Alongside this, Epic Games, the creator of “Fortnite,” has emerged victorious in a closely-watched antitrust lawsuit against Google regarding […]
Potential BoJ Policy Shift Triggers Yen Rally and USD/JPY Plunge
Potential BoJ Policy Shift Triggers Yen Rally and USD/JPY Plunge Harvest Global Markets : On Thursday, the value of the US Dollar against the Japanese Yen (USD/JPY) dropped significantly by more than 4%, briefly falling below 142.00. Later, the broader financial markets saw a moderate recovery, causing the Japanese Yen to gain strength. By the end […]
Investors are cautious given labor market concerns
Investors are cautious given labor market concerns Harvest Global Markets : Stock futures performed unevenly during Thursday’s pre-market trade, suggesting that investors are feeling cautious. Futures for the Dow Jones Industrial Average are down 0.20% at 36,039.00, while the S&P 500 Index is down 0.04% at 4,554.25. The Nasdaq-100, on the other hand, has shown resilience, […]
RBA’s Hold at 4.35% Reshapes Markets: Unraveling the Impact on AUD/USD and Global Dynamics
RBA’s Hold at 4.35% Reshapes Markets: Unraveling the Impact on AUD/USD and Global Dynamics Harvest Global Markets : On December 5, 2023, the Reserve Bank of Australia (RBA) opted to maintain the cash rate at 4.35%, aligning with economists’ predictions. The decision marked a pause in the RBA’s previous rate hike cycle, drawing attention to the […]
GOLD PRICES STEADY FOLLOWING ROBUST NOVEMBER RALLY AS MARKET AWAITS POWELL’S GUIDANCE
GOLD PRICES STEADY FOLLOWING ROBUST NOVEMBER RALLY AS MARKET AWAITS POWELL’S GUIDANCE Harvest Global Markets : Gold prices held steady near a seven-month high on Friday, taking a breather from their recent surge as investors awaited further guidance on U.S. interest rates from Federal Reserve Chair Jerome Powell later in the day. A string of mixed […]