Hazel
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WTI turns red near $81.50 on Fed’s hawkish comments, a surprise jump in US crude stockpiles
TI trades on a softer note near $81.50 on Thursday. The high-for-longer rate narrative from the Fed boosts the US Dollar. US crude oil inventories rose by 3.165 million barrels for the week ending March 22 from a decline of 1.952 million barrels. Western Texas Intermediate (WTI), the US crude oil be
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Gold Price Forecast: Push back in rate cut expectations from March to June may cap XAU/USD rally – ANZ
The timing and pace of the Fed’s rate cuts are long-term drivers for Gold, strategists at ANZ Bank say. The FOMC needs more confidence that inflation is returning to 2% before considering cuts Currently, the FOMC needs more confidence that inflation is returning to 2% before considering cuts. We bel
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Sensex Gains 526 Points; Nifty Tops 22,100
Indian shares rose notably on Wednesday despite mixed cues from global markets. Underlying sentiment remained supported somewhat as crude prices extended declines for a second day running on data showing a significant surge in crude stockpiles in the United States, the world's largest consumer of oi
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Riksbank opens the door to May rate cut
Sweden’s central bank has left the door wide open to a May rate cut should inflation data continue to look better. We now think the Riksbank will move a month earlier than the ECB, where we expect the first cut in June. However, markets are already betting on a May move, and domestic monetary policy
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Asian Shares Mixed Amid Geopolitical Tensions
Asian stocks turned in a mixed performance on Tuesday as geopolitical tensions intensified and rate jitters persisted. Rising tensions in the Middle East and Russia boosted crude oil prices and brought inflation concerns to the fore. Investors kept a close eye on upcoming inflation data and comments
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FTSE 100 to benefit from improved commodity appetite
The week kicked off with a pause in the equity rally on both sides of the Atlantic Ocean. Nikkei index is mostly flat on Tuesday and the yen consolidates above 151 following yesterday’s threat from a Japanese official about a potential intervention to stop excessive bleeding in the yen. The Japanese
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Treasuries Give Back Ground Ahead Of Key Economic Data
After trending higher over the past several sessions, treasuries moved back to the downside during trading on Monday. Bond prices moved modestly lower early in the session and slid more firmly into the red as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opp
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Existing home sales surged in February
Summary Existing home sales hit strongest pace in a year Existing home sales easily bested expectations and rose 9.5% during February. Although still relatively slow, the 4.38 million-unit pace marks the strongest pace since February 2023. The surprising strength is likely explained by the dip down
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