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 […]
Crude Losses Continue Due To Concerns of Interest Rate Increase
Crude Losses Continue Due To Concerns of Interest Rate Increase Harvest Global Markets : Oil costs rose somewhat in early Asian exchange on Wednesday after information proposed that U.S. rough inventories shrank in the previous week, in spite of the fact that expectation of additional signs on worldwide loan fees kept dealers anxious. Rough costs were […]
Gold Futures Plunge to Lowest Level Since March 17 After Powell’s Remarks
Gold Futures Plunge to Lowest Level Since March 17 After Powell’s Remarks Harvest Global Markets : Today, Chairman Powell gave testimony to the House Financial Services Committee. This is a section of his semiannual report, which he will present to the Senate Banking Committee tomorrow and conclude. His opening statement was nearly identical to his opening […]
UK Inflation Surges, Fueling Further Rate Hikes
UK Inflation Surges, Fueling Further Rate Hikes Harvest Global Markets : UK inflation has exceeded expectations for the fourth consecutive month, with the Consumer Prices Index rising to 8.7% in May. The unexpected acceleration in core inflation to 7.1% has triggered speculation of a larger rate increase by the Bank of England (BOE). This scenario has […]
China Reduces Interest Rates, Gold Trades Sideways and Copper Falls
China Reduces Interest Rates, Gold Trades Sideways and Copper Falls Harvest Global Markets : Gold costs moved minimal on Tuesday as business sectors anticipated more prompts on U.S. financial approach this week, while copper costs fell somewhat after China cut its loaning benchmark without precedent for a very long time. China managed its benchmark credit prime […]