Nasdaq & Nikkei: Key Market News and Technical Analysis
Nasdaq & Nikkei: Key Market News and Technical Analysis HG MARKETS: The People’s Bank of China (PBOC) recently decided to keep its Loan Prime Rates (LPRs) unchanged at 3.10% for the one-year rate and 3.60% for the five-year rate, despite mounting deflationary pressures in the economy. This decision reflects the PBOC’s intent to maintain financial […]
Gold Prices Recover after the Fed-Driven Decline, But the Outlook Is Clouded by Hawkish Remarks
Gold Prices Recover after the Fed-Driven Decline, But the Outlook Is Clouded by Hawkish Remarks HG MARKETS: Although the Federal Reserve’s aggressive approach on future rate reduction clouded the picture for metal, gold prices recovered from a one-month low on Thursday as the central agency decreased interest rates as anticipated. Since sticky inflation was still […]
US Natural Gas Futures Drop on Increased Supply
US Natural Gas Futures Drop on Increased Supply HG MARKETS: Natural gas futures in the United States recently fell to $3.30 per MMBtu, retreating from a 13-month high as supply levels increased and milder-than-expected winter weather dampened demand projections. This marks a significant shift from the previous upward momentum driven by concerns about winter heating […]
Gold Holds near $2,700 as Dollar Strengthens Ahead of Fed Meeting
Gold Holds near $2,700 as Dollar Strengthens Ahead of Fed Meeting HG MARKETS: Gold prices stabilized during Asian trading on Friday, recovering some of the steep losses from the prior session as a stronger U.S. dollar weighed on the yellow metal. The dollar’s strength was driven by anticipation of the Federal Reserve’s upcoming policy meeting, […]
EUR/USD Weakens Below 1.0500 as Focus Shifts to US Inflation Report
EUR/USD Weakens Below 1.0500 as Focus Shifts to US Inflation Report HG MARKETS: The euro has edged marginally below the 1.05 level, as the recent upward momentum has proven unsustainable. Current market conditions suggest that a prolonged positive trajectory for the single European currency is unlikely. The primary factors weighing on the euro, as previously […]
Oil Prices surge Following China’s Monetary Policy Move and Syrian Political Turmoil
Oil Prices surge Following China’s Monetary Policy Move and Syrian Political Turmoil HG MARKETS: Oil prices saw a significant increase on Monday, rising by over 1% as China signaled its first move toward loosening monetary policy since 2010 in an effort to revive its slowing economy. According to state media reports, the country’s Politburo which […]
Gold Prices Edge Up as Focus Turns to US Nonfarm Payrolls
Gold Prices Edge Up as Focus Turns to US Nonfarm Payrolls HG MARKETS: Gold (XAU/USD) recovers intraday losses and trades higher around $2,640 during North American trading hours on Friday, as investors position themselves ahead of the November Nonfarm Payrolls (NFP) data from the United States. The employment report is widely regarded as a key […]
Safe-Haven Dollar Strengthens as Euro Falters Before Key French Vote
Safe-Haven Dollar Strengthens as Euro Falters Before Key French Vote HG MARKETS: The U.S. dollar edged higher on Wednesday, buoyed by its safe-haven appeal as political uncertainty in Europe and South Korea, along with ongoing conflicts in the Middle East and Ukraine, dominated market sentiment. The Dollar Index, which measures the greenback against a basket […]
Crude Oil Prices Remain Range-Bound As Market Eyes on Upcoming Key OPEC+ Meeting
Crude Oil Prices Remain Range-Bound As Market Eyes on Upcoming Key OPEC+ Meeting HG MARKETS: Crude oil prices are trading within a narrow range on Monday, maintaining levels similar to those observed last week, as traders await the highly anticipated OPEC+ meeting scheduled for Thursday. This meeting, considered one of the most important for oil […]
Asian Currencies Rise as Dollar Weakens on Fed Rate Cut Expectations
Asian Currencies Rise as Dollar Weakens on Fed Rate Cut Expectations HG MARKETS: Asian currencies edged higheron Friday as the U.S. dollar weakened, driven by rising expectations of a Federal Reserve rate cut in December. This comes despite recent data showing resilience in the U.S. economy and sticky inflation. Investors are now pricing in a […]