Crude Prices Slide amid Uncertainty over Ukraine Peace Negotiations
Crude Prices Slide amid Uncertainty over Ukraine Peace Negotiations HG MARKETS: Oil prices continued their decline on Monday as market participants awaited further clarity on diplomatic efforts to end the conflict in Ukraine and assessed the potential resumption of crude exports from northern Iraq. Brent crude futures fell by 14 cents, or 0.2%, to $74.29 […]
Natural Gas and Oil Forecast: Will Tight Supply Keep Prices Elevated?
Natural Gas and Oil Forecast: Will Tight Supply Keep Prices Elevated? HG MARKETS: This week, oil prices surged, driven by tightening U.S. gasoline and distillate inventories, coupled with ongoing supply concerns stemming from geopolitical tensions. The market reacted to declining stockpiles as refinery maintenance limited processing capacity, bolstering expectations of strong demand. At the same […]
Gold prices hover close to all-time highs, Trump tariffs and Fed hints in spotlight
Gold prices hover close to all-time highs, Trump tariffs and Fed hints in spotlight HG MARKETS: Gold prices saw a slight decline during Asian trading on Wednesday but remained close to their record highs due to U.S. President Donald Trump’s threat to introduce more tariffs on crucial imports. The uncertainty around Federal Reserve’s future interest […]
Japan’s Economy Expands Faster than Expected, Boosted by Investment and Consumption
Japan’s Economy Expands Faster than Expected, Boosted by Investment and Consumption HG MARKETS: Japan’s economy grew at a faster-than-expected pace in the fourth quarter of 2024, driven by improved business spending and an unexpected rise in private consumption, reinforcing the Bank of Japan’s (BOJ) case for further interest rate hikes. Preliminary data released on Monday […]
January Retail Sales Plunge Amid Harsh Weather and Tariff Uncertainty
January Retail Sales Plunge Amid Harsh Weather and Tariff Uncertainty HG MARKETS: In January, U.S. retail sales experienced a significant drop, surprising many as harsh winter weather impacted consumer activity. The Commerce Department reported a 0.9% decline in sales, a sharp contrast to December’s revised increase of 0.7%. Economists had predicted only a slight dip […]
Natural Gas Prices Drop Following EU Price Cap Decision
Natural Gas Prices Drop Following EU Price Cap Decision HG MARKETS: US natural gas prices dropped on Wednesday, falling from their highest levels in two years in Europe. This decline came after a report suggested that the European Union is considering a price cap on natural gas. Natural gas prices fell by 0.7%, bringing the […]
Oil Prices Surge on Supply Risks
Oil Prices Surge on Supply Risks HG MARKETS: Oil prices have recently experienced a nearly 2% rebound, following a challenging three-week losing streak. This recovery in prices is largely driven by tightening supply conditions, particularly due to recent disruptions in global oil production. One of the main factors behind the increase is the significant drop […]
Nonfarm Payroll Report Likely to Influence Upcoming Market Trends
Nonfarm Payroll Report Likely to Influence Upcoming Market Trends HG MARKETS: Recent tariff threats and reversals by Donald Trump, particularly concerning Canada and Mexico, have contributed to a weakened US Dollar, reflecting increasing uncertainty in US trade and monetary policies. Despite the current volatility, the US Dollar’s long-term trend remains upward. In the bond market, […]
Pound Rises Against US Dollar as Trump’s Tariff Plans Seem Less Concerning
Pound Rises Against US Dollar as Trump’s Tariff Plans Seem Less Concerning HG MARKETS: The British Pound (GBP) has been gaining strength against the US Dollar (USD), reaching near 1.2500. This upward movement comes as the US Dollar loses some of its early-week gains, driven by reduced demand for the currency after President Trump delayed […]
U.S. Tariffs Fuel Fears of Supply Disruptions, Driving Oil Prices Higher
U.S. Tariffs Fuel Fears of Supply Disruptions, Driving Oil Prices Higher HG MARKETS: Oil prices climbed on Monday following the imposition of new tariffs by U.S. President Donald Trump on imports from Canada, Mexico, and China. The tariffs have heightened fears of supply disruptions, though concerns over a potentially damaging trade war tempered further gains. […]