XAUUSD Rises As Dollar Weakens, But High Interest Rates Constraint
XAUUSD Rises As Dollar Weakens, But High Interest Rates Constraint Harvest Global Markets : At its meeting on June 13–14, the Fed is expected to hold off raising interest rates for the first time in more than a year, according to economists surveyed by Reuters. But before the Fed meeting on June 13, the U.S. consumer […]
US Stock Futures Show Little Movement After Market’s Recent Highs
US Stock Futures Show Little Movement After Market’s Recent Highs Harvest Global Markets : US stock futures displayed minimal changes on Wednesday following a positive finish during Tuesday’s regular session. The S&P 500 and Nasdaq Composite reached their highest levels in over nine months, contributing to market optimism. In extended trading, Dave & Buster’s and Stitch […]
XAU Expects Big Weekly Gains on Fed Pause and Debt Ceiling Raising
XAU Expects Big Weekly Gains on Fed Pause and Debt Ceiling Raising Harvest Global Markets : Optimistic predictions of a temporary halt in the Federal Reserve’s tightening measures and advancement in settling the U.S. debt ceiling issue are pushing gold (XAU) towards its greatest weekly rise in almost two months. Gold is on pace to have […]
Euro Zone Inflation Eases, Supporting Cautious Approach to Rate Hikes
Euro Zone Inflation Eases, Supporting Cautious Approach to Rate Hikes Harvest Global Markets : Euro zone inflation has shown a significant decline, providing support for a cautious approach to further interest rate hikes as the European Central Bank (ECB) aims to rein in rising prices. In May, inflation in the 20 euro zone nations dropped to […]
Industrial Metals Slide as Chinese Data Shows Economic Contraction
Industrial Metals Slide as Chinese Data Shows Economic Contraction Harvest Global Markets : Copper prices fell after data provided additional indications of a slowing economic rebound in China, while gold prices slipped on Wednesday as markets awaited additional clues regarding the raising of the U.S. debt ceiling. Copper fates sank 0.7% to $3.6340 a pound, and […]
As More Clues about OPEC and Debt Ceiling Talks Emerge, Oil Creeps Lower
As More Clues about OPEC and Debt Ceiling Talks Emerge, Oil Creeps Lower Harvest Global Markets : Oil costs mellowed in early exchange on Friday, burdened by contradictory signals from Russia and Saudi Arabia in front of the following OPEC+ strategy meeting and a more grounded dollar. Brent rough fell 30 cents to $75.96 a barrel […]
GBPUSD Downside Risk Remains Despite Higher Than Expected Inflation
GBPUSD Downside Risk Remains Despite Higher Than Expected Inflation Harvest Global Markets : Based on the most recent data published by the UK Office for National Statistics (ONS) on Wednesday, the Consumer Price Index (CPI) in the United Kingdom experienced an 8.7% increase in April, showing a slowdown compared to the significant 10.1% surge recorded in […]
Historical Debt Ceiling Standoffs Offer Insights into Future Economic Repercussions
Historical Debt Ceiling Standoffs Offer Insights into Future Economic Repercussions Harvest Global Markets : Concerns over the potential effects of the U.S. debt ceiling situation on the economy are emerging. I covered last week, how social welfare programs can be impacted if a timely debt ceiling agreement cannot be reached. The economy might have consequences, regardless […]
US Indices Futures Soaring Over Debt Ceiling Increase Optimism
US Indices Futures Soaring Over Debt Ceiling Increase Optimism Harvest Global Markets : U.S. stocks are seen edging higher at the open Friday, as financial backers keep on observing the obligation roof talks as well as remarks from Central bank head Jerome Powell. Dow Fates contract was up 35 focuses, or 0.1%, S&P 500 Prospects exchanged […]
Oil Prices Seem Ready For Bull Run
Oil Prices Seem Ready For Bull Run Harvest Global Markets : Oil prices were trading lower on Tuesday as investors were cautious after a rise in US. Crude inventories build up, furthermore the world’s biggest importer oil i.e. China latest economic data has shown that its economy is recovering at a slower pace than what had […]