Stay on top of your trading with analyses of the latest market news.
Key Points: Fed officials indicated a willingness to raise rates again if inflation persists. The Fed maintained its benchmark interest rate at 5.25%-5.5%. The US Dollar Index (Symbol: USDX) strengthened on hawkish Fed minutes. Market reactions include a drop in …
Key points: Copper prices on the LME dropped 0.8% to $4.90 per pound. SHFE copper edged down 0.4% to $5.42 per pound. Firmer US dollar and weak physical demand drag copper prices down. On Tuesday, prices of copper (Symbol: COPPER-C) …
Key points: The Bank of Korea will hold the base rate at 3.50% on May 23. A half-point rate cut is expected in Q4 2024 after potential policy easing from global peers. The Bank of Korea (BOK) will keep its …
Key Points: Brent crude futures fell toward $83 per barrel due to Middle East developments. WTI crude futures also declined to $78 per barrel. The OPEC meeting on June 1 is crucial for potential production cut rollovers. On Tuesday, both …
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