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…
Gold prices fell on Tuesday after US data showed a larger-than-expected increase in consumer prices in April. As a result, expectations of a Fed rate cut decreased, while the likelihood of future rate hikes increased. Meanwhile, traders are keeping an eye on developments in the Middle East, where negotiations have stalled. Gold ended last week Read More…
US equities hit fresh record highs on Monday amid optimism over a solid earnings season. The new high came despite ongoing tensions in the Middle East and stalled negotiations. Meanwhile, traders are cautiously awaiting the US consumer inflation report and the vote on the Fed Chair nomination later on Tuesday. The S&P 500 soared to Read More…
Currency futures had another strong week as hopes for a peace deal between the US and Iran improved risk appetite. However, uncertainty returned this week after Trump rejected another Iranian proposal. This week’s focus will be on US inflation and retail sales figures. Hopes for an end to the Iran war surged on Tuesday after Read More…
Interest futures ended Thursday down after another volatile week due to tensions in the Middle East. Market participants have had to grapple with sentiment shifting from a looming peace deal to an escalation. Meanwhile, there is caution ahead of the crucial US monthly employment report that will show the state of the labor market. On Read More…
Oil prices plunged on Wednesday after reports that the US and Iran were nearing a deal to end the war. Meanwhile, market participants are eagerly awaiting the US nonfarm payrolls report to see the impact of higher oil prices on the labor market. Tensions in the Middle East have escalated since last week. On Monday, Read More…
Gold prices pivoted from one-month lows on Tuesday amid optimism over a looming end to the Iran war. However, before the positive sentiment, tensions had escalated with Iran attacking the United Arab Emirates. Meanwhile, market participants are gearing up for the US nonfarm payrolls report. Gold has been on a decline recently as escalating tensions Read More…
US equities pulled back slightly on Monday after hitting fresh record highs in the previous session amid earnings optimism. Market participants have decided to focus more on the upbeat earnings reports, indicating a solid start to the year. However, downside risks remain due to the uncertainty surrounding the Iran war. S&P 500 EPS (Source: Investing.com) Read More…
Currency futures strengthened last week as a surge in oil prices fueled inflation concerns. As a result, most major central banks that held policy meetings adopted a cautious tone. The rally in oil prices came as tensions in the Middle East intensified, with Trump rejecting Iran’s new proposal to end the war. It was a Read More…
