Pound Sterling Slips against US Dollar as Markets Await Inflation Data
Pound Sterling Slips against US Dollar as Markets Await Inflation Data HG MARKETS: The Pound Sterling (GBP) edged lower on Wednesday, trading around 1.3490 against the US Dollar (USD) during European trading hours. The GBP/USD pair slipped slightly as the US Dollar held steady ahead of the release of key U.S. inflation data for May. […]
U.S. Stock Futures Edge Lower Ahead of Key U.S.-China Trade Talks and Apple’s WWDC Keynote
U.S. Stock Futures Edge Lower Ahead of Key U.S.-China Trade Talks and Apple’s WWDC Keynote HG MARKETS: U.S. stock futures slipped slightly on Monday as investor attention turned toward renewed trade negotiations between the United States and China, as well as several key economic data releases due later this week. Meanwhile, Apple Inc. (NASDAQ: AAPL) […]
Oil Markets Rebound on Horizon as Trade Talks between US and China Resume
Oil Markets Rebound on Horizon as Trade Talks between US and China Resume HG MARKETS: Oil prices declined modestly on Friday but remained on track to post their first weekly gain in three weeks, buoyed by renewed trade negotiations between the United States and China. The dialogue between the world’s two largest economies has reignited […]
Yen Steadies After Weekly Low on Hopes of Trump-Xi Trade Talks
Yen Steadies After Weekly Low on Hopes of Trump-Xi Trade Talks HG MARKETS: The Japanese Yen (JPY) is witnessing modest fluctuations against the US Dollar, showing a slight recovery from recent weekly lows and pulling the USD/JPY pair back below the 144.00 level. This rebound is driven by a positive revision to Japan’s Services PMI […]
U.S. Stock Futures Slip Amid Renewed Trade Tensions, Key Data in Focus
U.S. Stock Futures Slip Amid Renewed Trade Tensions, Key Data in Focus HG MARKETS: U.S. stock index futures fell Monday as escalating tensions between Washington and Beijing reignited fears of a renewed trade war between the world’s two largest economies. At last check, Dow Jones futures were down 220 points or 0.3%, S&P 500 futures […]
Oil Prices Struggle Amid OPEC Decisions and Geopolitical Tensions
Oil Prices Struggle Amid OPEC Decisions and Geopolitical Tensions HG MARKETS: The oil market is currently focused on the upcoming decision by the eight OPEC+ countries that have voluntarily reduced their production. Media reports suggest that some delegates are leaning toward a substantial production increase, which has already exerted downward pressure on oil prices. Given […]
Gold’s Appeal as a Safe Haven Declined as Trump’s Tariff Relief Spurred Greater Risk-Taking
Gold’s Appeal as a Safe Haven Declined as Trump’s Tariff Relief Spurred Greater Risk-Taking HG MARKETS: Gold prices dipped in Asia on Wednesday. This fall was largely due to investors feeling more confident about taking on risk, after U.S. President Donald Trump delayed imposing new tariffs on the European Union. The dollar also saw a […]
Pound Sterling Hits Three-Year High Amid Dollar Weakness and Policy Divergence
Pound Sterling Hits Three-Year High Amid Dollar Weakness and Policy Divergence HG MARKETS: The Pound Sterling reached a fresh three-year high near 1.3600 against the US Dollar at the start of the week, buoyed by economic strength at home and growing investor skepticism toward US economic policy direction. Despite holiday-thinned trading due to the Spring […]
Oil Prices Decline Nearly 2% amid Tariff Threats and OPEC+ Supply Expectations
Oil Prices Decline Nearly 2% amid Tariff Threats and OPEC+ Supply Expectations HG MARKETS: Crude oil prices fell sharply on Friday, marking their fourth consecutive daily decline and the first weekly loss in three weeks. The downturn was driven by renewed trade tensions and expectations of increased supply from the OPEC+ alliance. Brent crude futures […]
U.S. Stock Futures Decline Ahead of More Retail Earning Reports
U.S. Stock Futures Decline Ahead of More Retail Earning Reports HG MARKETS: U.S. stock index futures dropped on Wednesday, indicating continued losses following Tuesday’s sell-off. The market remains weighed down by ongoing worries about the U.S. economy and escalating trade tensions. Investor sentiment was rattled further after Moody’s downgraded the U.S. credit rating last week. […]