Oil Costs Plunge as Weak Demand Signs Seems To Offset Supply Disturbances
Oil Costs Plunge as Weak Demand Signs Seems To Offset Supply Disturbances HG MARKETS: Oil costs steadied in Asian exchange on Tuesday as brokers tried to check the effect of Hurricane Francine on U.S. oil creation, while worries over drowsy interest stayed in play. Costs were nursing steep misfortunes from the earlier week in the […]
Gold Prices Surge: Will Federal Reserve Rate Cuts Sustain the Rally?
Gold Prices Surge: Will Federal Reserve Rate Cuts Sustain the Rally? HG MARKETS: Gold prices experienced a remarkable surge in August, climbing 3.6% to end the month at $2,513 per ounce, as reported by the World Gold Council. The precious metal reached an all-time high on August 20, raising the question of whether the anticipated […]
August Private Payrolls Fall Short of Expectations
August Private Payrolls Fall Short of Expectations HG MARKETS: In the latest indication of an ongoing, albeit gradual, slowdown in the American labor market, private payrolls in the United States decreased in August by less than anticipated. According to payroll processor ADP, private payrolls increased by 99,000 jobs in August, compared to a revised decrease […]
Dollar Strengthened as Market awaits US labor data
Dollar Strengthened as Market awaits US labor data HG MARKETS: The dollar crawled higher and held near a fourteen day high on Tuesday as financial backers prepared for a large number of monetary information, including Friday’s U.S. payrolls, that could impact the size of a normal loan fee cut from the Government Reserve. The euro […]
U.S. Financial Markets Await Crucial PCE Index Data
U.S. Financial Markets Await Crucial PCE Index Data HG MARKETS: The U.S. financial markets are eagerly anticipating the release of the Personal Consumption Expenditures (PCE) price index on Friday. This critical inflation measure, favored by the Federal Reserve, will be released alongside data on personal income and consumer spending. The results of this report could […]
Oil Falls Amid Demand, Libya Risks
Oil Falls Amid Demand, Libya Risks HG MARKETS: On Wednesday, oil prices experienced a notable decline, driven primarily by persistent concerns over weak demand from China and the looming threat of a broader economic slowdown. West Texas Intermediate (WTI) crude futures fell by 60 cents, or 0.79%, to settle at $74.93 per barrel. This decrease […]
Gold Prices Surge on Powell’s Rate Cut Hints: Market Anticipates Significant Gains Amid Fed Policy Shift
Gold Prices Surge on Powell’s Rate Cut Hints: Market Anticipates Significant Gains Amid Fed Policy Shift HG MARKETS: Gold prices surged following Federal Reserve Chair Jerome Powell’s pivotal speech at the Jackson Hole symposium, with the precious metal gaining 1% and closing the week up 0.17%. Powell’s remarks strongly hinted at an imminent interest rate […]
Wall Street Drops as Treasury Yields Rise Ahead of Jerome Powell Speech
Wall Street Drops as Treasury Yields Rise Ahead of Jerome Powell Speech HG MARKETS: Rising Treasury yields caused Wall Street’s major indexes to drop on Thursday while investors watched Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Economic Symposium. It is anticipated that this speech will shed light on the likelihood of a […]
Crude Prices Fall for Fifth Session on Weak Demand Outlook
Crude Prices Fall for Fifth Session on Weak Demand Outlook HG MARKETS: Oil prices declined for the fifth consecutive session on Thursday, as concerns over global demand persisted. However, a decrease in U.S. fuel inventories helped limit the losses. Brent crude futures dipped by 2 cents, settling at $76 per barrel, while U.S. West Texas […]
Powell’s Suggestion of a 50bps Rate Cut Poses a Significant Risk for the Jackson Hole Event
Powell’s Suggestion of a 50bps Rate Cut Poses a Significant Risk for the Jackson Hole Event HG MARKETS: At the Jackson Hole Symposium on Friday the Federal Reserve Chair Jerome Powell is expected to hint at a widely anticipated rate cut at the September FOMC meeting. This comes in the wake of the core CPI […]