Gold lost 1% of its value on Tuesday as market participants increasingly bet on a 25 basis point Fed rate hike this year. These bets increased after US military strikes in Iran. As a result, oil prices gained and inflation worries flared. Spot gold (Source: Bloomberg) Gold has dropped since the war began due to Read More…
Equities rallied on Monday amid growing optimism over a likely deal between the US and Iran to end their war. Progress in talks between the two countries has renewed hopes that the Strait of Hormuz will soon reopen. As a result, oil prices have collapsed since last, easing inflation worries. The S&P 500 was retreating Read More…
Currency futures rebounded amid an improving risk sentiment after Trump hinted at great progress in talks with Iran. Hopes for a peace deal weighed on the dollar and it lost some of its safe haven shine. Nevertheless, market participants remain cautious since the two countries could still fail to reach an agreement. When the week Read More…
Interest futures extended gains on Thursday as yields dropped due to a decline in oil prices. Oil declined on Wednesday after Trump declared that negotiations with Iran were at the final stages. Meanwhile, experts are warning of higher oil prices if the Strait of Hormuz remains closed in the summer. Crude oil, US 10-year yield Read More…
Oil collapsed on Wednesday after reports that US-Iran talks were at the final stages. The US called off attacks on Iran earlier this week to give room for negotiations. Elsewhere, the United Arab Emirates is working hard to construct a new pipeline that will pass near the Strait of Hormuz. Oil prices have maintained an Read More…
Gold extended its decline from Tuesday as market participants worried about hot US inflation and its impact on monetary policy. At the same time, a rally in the US dollar made the precious metal expensive for foreigners. Traders are now awaiting the FOMC meeting minutes due on Wednesday. Gold Price Chart (Source: Bloomberg) Since last Read More…
Equities regained some ground after pulling back at the end of last week due to a decline in the tech sector. Volatility was low on Monday, with no major reports and stalled talks between the US and Iran. Market participants are looking forward to the FOMC meeting minutes due on Wednesday. Stocks rally (Source: Bloomberg) Read More…
Currency futures weakened last week as the dollar soared after upbeat inflation figures. The hotter-than-expected price pressures led to an increase in Fed rate cut expectations. Meanwhile, talks between the US and Iran stalled, leaving market participants uncertain about the future. The dollar began an epic rally on Tuesday after the US released its CPI Read More…
Interest futures were heading for a bearish close on the week after upbeat US inflation figures raised the likelihood of Fed rate hikes. The Middle East war has sent oil prices higher, boosting wholesale and consumer prices. At the same time, the US economy is starting to show signs of a slowdown. Focus this week Read More…
Oil has had a strong week so far, as forecasts point to a tighter market amid summer demand. However, an unexpected jump in US inflation has decreased expectations of a Fed rate cut, putting a lid on gains. Meanwhile, market participants are still watching developments in the Middle East war. The International Energy Agency released Read More…
