Interest futures jumped on Thursday after Trump canceled planned strikes on Iran, easing inflation worries. However, a solid US wholesale inflation report increased the likelihood of a Fed rate hike, putting a lid on gains. Market participants have been watching developments in the Middle East. Tensions between Israel, Iran, and the US have escalated since Read More…
Oil extended its decline on Thursday as market participants hoped for a near-term supply surge. The decline came despite rising tensions in the Middle East. Furthermore, there was pressure from a rallying dollar after solid jobs data and inflation hitting a three-year high. Tensions in the Middle East escalated last week after Israel renewed its Read More…
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…
