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PSX rebounds, gains 178 points
nation_pk15d ago

PSX rebounds, gains 178 points

ISLAMABAD - The benchmark KSE 100-index of the Pakistan Stock Exchange (PSX) on Wednesday reversed the previous session’s losses and closed with a positive momentum, gaining 177.

#STOCKS
Why Oil Reacts Violently at “Random” Levels
oilprice15d ago

Why Oil Reacts Violently at “Random” Levels

The Illusion of Randomness in Oil Markets Anyone who trades crude oil futures has seen it happen. Price sells off hard into a round number, stalls, and then snaps violently higher. Or oil grinds higher all morning, only to reverse sharply mid-session with no headline, no inventory release, no obvious catalyst. This can be especially confusing for fundamental traders and analysts who try to explain price action solely through data and headlines. To many, these moves appear random. In reality, they aren’t random at all. Many of these moves...

#STOCKS
Despite Two Dovish Dissents, Fed Holds Rates As Expected; Upgrades Growth, Lowers Labor Risks
zerohedge15d ago

Despite Two Dovish Dissents, Fed Holds Rates As Expected; Upgrades Growth, Lowers Labor Risks

Despite Two Dovish Dissents, Fed Holds Rates As Expected; Upgrades Growth, Lowers Labor Risks Since the last FOMC meeting on Dec 10th (which resulted in a dovish-er than expected 25bps rate cut and statement), US macro data has surprised significantly to the upside...Source: Bloomberg...prompting a plunge in the market's Fed rate-cut expectations (now below 2x 25bps cuts for the year)...Source: BloombergThe market is now more only modestly more dovish than The Fed's dots for 2026 (but the market is also not pricing in any more moves from The Fed after that)...Source: BloombergAll of which has sent the dollar tumbling and gold exploding higher (while stocks rallied and bonds sold off)...Source: BloombergHeading into today's FOMC statement (and presser), a dramatically wide consensus expects a "boring" and "uneventful" dovish hold with an upgrade to growth, and less downside risk to employment....and that's EXACTLY what we got.No change in rates...Federal Open Market Committee votes 10-2 to leave its benchmark interest rate in a target range of 3.5%-3.75%Fed Governors Christopher Waller and Stephen Miran voted against the decision in favor of lowering rates by a quarter-pointWhich prompted a jump in the odds of Waller getting The Fed Chair job...Source: PolymarketUpgrade for growth:Fed upgrades view of economy to say available indicators suggest economic activity “has been expanding at a solid pace,”Inflation-watch:Fed repeats inflation “remains somewhat elevated”Labor market optimism:Fed removes language from statement that had noted “downside risks to employment rose in recent months”Fed tweaks description of the labor market, noting “job gains have remained low” and the jobless rate has “shown some signs of stabilization”In terms of market reaction, it’s a nothing burger so far as most expect.Read the full redline of the FOMC Statement below: Tyler DurdenWed, 01/28/2026 - 14:00

#COMMODITIES
Gold climbs to record Rs551,662 per tola
nation_pk15d ago

Gold climbs to record Rs551,662 per tola

ISLAMABAD - Gold price surged to an all-time high in the local market on Wednesday as the price of 24-karat gold per tola jumped by Rs21,100 to settle at Rs551,662.

#COMMODITIES
Deccan Gold Mines may start drilling at critical mineral projects this quarter
economictimes_indiatimes15d ago

Deccan Gold Mines may start drilling at critical mineral projects this quarter

Deccan Gold Mines will begin drilling at its critical mineral projects in India and overseas this quarter. The company plans to establish small-scale processing facilities by mid-2027. DGM is exploring nickel, copper, and platinum group elements in Chhattisgarh. In Mozambique, focus will be on lithium, tantalum, and copper. A tungsten project in Spain is also advancing.

#COMMODITIES
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