Energies
Monthly Archives: March 2024
Market Recap | 28-Mar-2024
Written on March 28, 2024 at 10:52 am, by Designer
During Asian trading on Thursday, the dollar index showed little movement and remained close to one-month highs as traders awaited inflation data and speeches from Federal Reserve officials to gain further insights into interest rates tomorrow, Friday. Meanwhile, oil prices rose in Asian trade on Thursday due to expectations of reduced supplies, particularly with decreasedContinue Reading
Monday Market Update I 25-Mar-2024
Written on March 25, 2024 at 10:44 am, by Designer
Gold prices in Asian trading experienced a slight on Monday but remained below recent highs due to the strength of the US dollar. Following the Federal Reserve’s decision to maintain interest rates, investors have a sense of cautious optimism. However, their confidence in anticipated rate cuts for 2024 has diminished in light of future projections.Continue Reading
Market Recap | 21-Mar-2024
Written on March 21, 2024 at 10:54 am, by Designer
Gold prices hit a record high in Asian trade on Thursday, reflecting a sharp decline in the dollar after the Federal Reserve opted to maintain interest rates unchanged and suggested possible rate cuts later in the year. On Thursday, oil prices rebounded, supported by drawdowns in U.S. crude and gasoline stocks, despite signs indicating thatContinue Reading
Monday’s Market Update I 18-Mar-2024
Written on March 18, 2024 at 11:00 am, by Designer
Today, the dollar remains stable as traders anticipate a week dominated by central bank meetings worldwide. The Bank of Japan appears poised to end negative rates, with attention on the Federal Reserve’s projected rate adjustments. Apart from Japan and the United States, central banks in England and Australia are also due to meet expectations ofContinue Reading
Market Recap | 14-Mar-2024
Written on March 14, 2024 at 9:44 am, by Designer
U.S. crude prices rose significantly by 2.78% to $79.72 per barrel. This surge was fueled by a decrease in U.S. crude inventories, coupled with a larger-than-expected decline in U.S. gasoline stocks and concerns about potential disruptions in the oil supply following Ukrainian attacks on Russian refineries. Investors are closely monitoring U.S. retail sales data, theContinue Reading
Monday Market Update I 11-Mar-2024
Written on March 11, 2024 at 11:01 am, by Designer
Investors are eagerly anticipating Tuesday’s release of U.S. inflation data. Economists predict a 0.4% increase in February’s consumer price index. Additionally, Thursday’s retail sales figures for February are expected to rebound by 0.8% after a previous decline. Bitcoin has surged to a record high above $70,000, while oil prices dipped in Asian trade on MondayContinue Reading
Market Recap I 07-Mar-2024
Written on March 7, 2024 at 1:37 pm, by Designer
Gold prices reached a record high in Asian trading due to hints from Federal Reserve Chair Jerome Powell about potential rate cuts in 2024. However, Powell emphasized that rate cuts would only occur once there is convincing evidence that inflation is nearing the 2% target. Japan’s Nikkei slid 1.4% after hitting a fresh all-time high,Continue Reading
