Gold collapsed on Wednesday as strikes between the US and Iran sent oil prices higher. The renewed tensions have escalated inflation concerns, pushing up expectations for Fed rate hikes. Meanwhile, market participants are eagerly awaiting the monthly US consumer inflation report, which will continue to shape the outlook for monetary policy. Since last Monday, gold has Read More…
Equities briefly recovered on Monday as the tech sector propelled the S&P 500 higher. However, it was not enough to retrace Friday’s collapse after an upbeat jobs report. Market participants are now looking forward to the crucial US CPI report that is due on Wednesday. The stock market has performed brilliantly in recent months despite Read More…
Currency futures collapsed last week as the dollar soared amid rising hostilities in the Middle East. The biggest move came on Friday when the US released a solid jobs report. Market participants increased bets for a Fed rate hike this year. This week, traders will watch the crucial CPI report for more clues on future Read More…
US interest futures stayed under pressure as traders repriced the Federal Reserve’s policy path after stronger-than-expected inflation data, with markets moving away from earlier easing assumptions and toward a higher-for-longer stance that now includes limited odds of further tightening. In the SOFR futures strip, selling was concentrated in the front end, with both the September Read More…
Oil extended gains on Wednesday as renewed tensions in the Middle East dashed hopes for a near-term peace deal between the US and Iran. Meanwhile, a set of upbeat US economic data strengthened the dollar, putting a cap on the oil rally. Last week, talks between the US and Iran were quite successful, almost leading Read More…
Gold resumed its decline as tensions between the US and Iran escalated on Wednesday. There was a brief rebound on Tuesday after Trump said peace talks with Iran were continuing. On Monday, Iran announced the end of all negotiations with the US due to ceasefire violations in Lebanon. Spot gold (Source: Bloomberg) Gold has suffered Read More…
Equities hit record highs on Monday despite an escalation in tensions between the US and Iran. Iranian officials said they would stop all negotiations with the US due to ceasefire violations in Lebanon. However, reports of a new computer chip by Nvidia sent the tech sector high, boosting equities. S&P 500 (Source: Bloomberg) Oil prices Read More…
Currency futures gained last week as risk appetite improved after reports that the US and Iran were planning to extend their ceasefire deal. Meanwhile, demand for the safe-haven dollar declined, with the dollar falling for a second week. Focus will now shift to the US nonfarm payrolls report due on Friday. After days of anticipation Read More…
Interest futures recovered sharply on Thursday after reports of a likely ceasefire extension deal between the US and Iran. The news sent US Treasury yields lower as oil prices collapsed and inflation concerns eased. At the same time, a set of downbeat economic figures lowered bets for a Fed rate hike in December. The bond Read More…
Oil prices plunged on Wednesday after top US officials’ remarks fueled hopes for a peace deal to end the Iran war. Meanwhile, traders remained worried about the fragile ceasefire in the previous session after reports of US strikes in Iran. The oil market has remained bearish since Wednesday last week, as the likelihood of a Read More…
