Gaza Ceasefire Calms Oil Market, Sending Prices Lower
Gaza Ceasefire Calms Oil Market, Sending Prices Lower HG MARKETS: Oil prices edged lower on Thursday, extending the drop from the previous session, as the geopolitical risk premium began to dissipate following a significant diplomatic breakthrough in the Middle East conflict. War De-escalation Drives down Risk Premium The primary reason for the decline was the […]
Yen Hits 150: Currency Tumbles as New PM Signals Stimulus
Yen Hits 150: Currency Tumbles as New PM Signals Stimulus HG MARKETS: Currency markets saw notable movement on Tuesday, driven by political developments in Japan and France, alongside uncertainty stemming from the U.S. government shutdown. The Japanese Yen (JPY) fell to a two-month low against the US Dollar, touching 150.62 per dollar before trading at […]
U.S. Government Shutdown Hits Third Day
U.S. Government Shutdown Hits Third Day HG MARKETS: The U.S. government shutdown has now entered its third day after the Senate failed to pass a critical spending bill before the Yom Kippur holiday. Although the Senate remained open on Thursday, no vote was held in observance of Judaism’s holiest day. The next vote is expected […]
Pound Sterling Rises as U.S. Dollar Weakens on Government Shutdown Concerns.
Pound Sterling Rises as U.S. Dollar Weakens on Government Shutdown Concerns. HG MARKETS: The Pound Sterling (GBP) advanced to a fresh weekly high near 1.3480 against the U.S. Dollar (USD) during Wednesday’s European trading session, as the Greenback faced renewed selling pressure following the onset of a U.S. government shutdown. At the time of writing, […]
Gold Prices Reached a Record High In Asian Trading On Monday
Gold Prices Reached a Record High In Asian Trading On Monday HG MARKETS: Gold prices reached a record high in Asian trading on Monday, driven by a combination of safe-haven buying and expectations for lower U.S. interest rates. Key Drivers of the Surge The rally in gold and other precious metals was fueled by two […]
Russia’s Export Cuts Drive Oil to Largest Weekly Gain in Three Months
Russia’s Export Cuts Drive Oil to Largest Weekly Gain in Three Months HG MARKETS: Oil prices are on the rise this week, showing their strongest performance since early June, with both major benchmarks jumping over 4%. This increase is primarily due to several key factors related to supply and demand. A major driver has been […]
XAG/USD near 14-Year Highs: Silver Prices Supported by Fed Policy Expectations and Safe-Haven Demand
XAG/USD near 14-Year Highs: Silver Prices Supported by Fed Policy Expectations and Safe-Haven Demand HG MARKETS: Silver (XAG/USD) recovered earlier losses, trading around $44.10 per troy ounce. The precious metal remains close to a 14-year high of $44.47, supported by expectations that the US Federal Reserve will deliver a 25-basis-point rate cut at its October […]
Gold Prices Are Increasing and Are Nearing Their Recent All-Time Highs
Gold Prices Are Increasing and Are Nearing Their Recent All-Time Highs HG MARKETS: Gold prices rose slightly on Monday, staying near last week’s record highs. This was primarily driven by the Federal Reserve’s recent interest rate cut and the expectation of more cuts to come. The Fed lowered rates by 25 basis points last week, […]
Dollar Jumps as Jobs Market Surges; Yen Benefits from BoJ Expectations
Dollar Jumps as Jobs Market Surges; Yen Benefits from BoJ Expectations HG MARKETS: The U.S. dollar edged higher on Friday, supported by encouraging data from the U.S. labor market, while the Japanese yen strengthened following a relatively hawkish stance from the Bank of Japan during its recent policy meeting. Currently, the Dollar Index, which measures […]
U.S. Futures Stabilize as Fed Decision Nears; Powell and Earnings in Focus
U.S. Futures Stabilize as Fed Decision Nears; Powell and Earnings in Focus HG MARKETS: U.S. stock index futures showed limited movement on Wednesday as investors remained cautious ahead of the Federal Reserve’s policy decision. Dow Jones futures rose by 30 points (0.1%), while S&P 500 and Nasdaq 100 futures both gained marginally. This came after […]