Dollar Steady Following Payroll Gains; Euro Declines on Flimsy Data
Dollar Steady Following Payroll Gains; Euro Declines on Flimsy Data HG MARKETS: Monday saw the U.S. dollar steadily hang onto its gains following Friday’s solid jobs report. This week will also see the release of important inflation data and the minutes from the most recent Federal Reserve meeting. The dollar index, which measures the US […]
Silver Price Surge Driven by Festive Demand and Safe-Haven Appeal
Silver Price Surge Driven by Festive Demand and Safe-Haven Appeal HG MARKETS: Silver (XAG/USD) extended its bullish momentum on Friday, climbing to an intraday high of $32.27, approaching the upper end of its weekly range. This positive traction is largely driven by robust festive demand and a surge in safe-haven purchases. The rise in silver […]
Gold Prices Fluctuate Amid Geopolitical Tensions and Evolving Economic Indicators
Gold Prices Fluctuate Amid Geopolitical Tensions and Evolving Economic Indicators HG MARKETS: Gold prices have recently experienced a pullback due to heightened geopolitical risks following Iran’s missile strikes on Israel’s capital, Tel Aviv. Despite this volatility, the macroeconomic environment remains favorable for the precious metal, bolstered by a global decline in interest rates that enhances […]
As German Inflation Declines, Expectations of Another Ecb Cut Rise
As German Inflation Declines, Expectations of Another Ecb Cut Rise HG MARKETS: Preliminary statistics released on Monday indicated that German inflation dropped to its lowest level since February 2021, supporting the dovish position of the European Central Bank on another interest rate decrease next month. According to data from the federal statistics office, German inflation […]
Oil Prices Dip amid OPEC+ Output and China Stimulus Moves
Oil Prices Dip amid OPEC+ Output and China Stimulus Moves HG MARKETS: Oil prices are poised for a weekly decline as investors assess expectations for increased production from Libya and the broader OPEC+ alliance, alongside new stimulus measures from China, the world’s largest oil importer. The recent decision by OPEC+ to boost output has further […]
Greenback Stabilizes After Strong Rebound; Market Eyes Fed Speakers
Greenback Stabilizes After Strong Rebound; Market Eyes Fed Speakers HG MARKETS: The U.S. dollar edged lower on Thursday, consolidating after a sharp rebound overnight as market participants awaited additional speeches from key Federal Reserve policymakers. The Dollar Index, which measures the greenback against a basket of six major currencies, fell 0.1% to 100.56, following a […]
Recession Worries and Rate Cut Cheers Cause a Break in the Stock Rise
Recession Worries and Rate Cut Cheers Cause a Break in the Stock Rise HG MARKETS: Following the massive rate decrease by the US Federal Reserve last week, investors’ focus shifted to China and Switzerland as the next targets for monetary easing, which kept global markets stuck near record highs on Monday. Later this week, traders […]
The Yen Declined as the Governor of BOJ Avoided Discussing Rate Hikes
The Yen Declined as the Governor of BOJ Avoided Discussing Rate Hikes HG MARKETS: Friday saw a decline in the value of the yen as the Bank of Japan signaled that it was not in a rush to hike interest rates after maintaining them at the largely anticipated 0.25% level. The dollar surged 1.2% to […]
Oil Ends Its Three-Day Bullish Streak Ahead Of Us Interest Rate Decision
Oil Ends Its Three-Day Bullish Streak Ahead Of Us Interest Rate Decision HG MARKETS: Following two sessions of gains, oil prices dipped on Wednesday as an industrial survey revealed increased U.S. fuel and crude stocks, counteracting growing Middle East tension and the possibly positive effects of a U.S. interest rate cut on crude oil prices. […]
Gold Prices Dip Ahead of Fed Rate Announcement
Gold Prices Dip Ahead of Fed Rate Announcement HG MARKETS: Gold prices experienced a slight dip on Tuesday, following a record high achieved the previous day. The market’s attention has shifted to the Federal Reserve’s interest rate decision, with a focus on the two-day policy meeting that is set to conclude on Wednesday. Traders are […]