Interest futures fell on Thursday as focus shifted from US inflation figures to the Middle East conflict. The renewed tensions between the US and Iran have caused a spike in oil prices and inflation worries that have sent Treasury yields higher. However, on Tuesday and Thursday, they fell as interest futures rose after soft US Read More…
Oil paused its rally on Wednesday as traders took time to assess developments in the Iran war. In the previous sessions, it rallied as the US and Iran went back to missile and drone attacks, and progress made in recent talks was undone. At the same time, market participants were digesting downbeat US inflation numbers. Read More…
Gold prices pulled back on Wednesday after jumping by more than 2% the previous session. A downbeat US consumer inflation report led to a drop in expectations for a Fed rate hike, which favored the yellow metal. However, sentiment shifted on Wednesday as focus returned to tensions in the Middle East. US inflation (Source: Bloomberg) Read More…
Equities fell on Monday as tensions in the Middle East worsened after the US announced it would reinstate its blockade on Iranian shipping. As a result, oil prices jumped, and expectations of a Fed rate hike increased. At the same time, market participants are looking forward to the US CPI report coming out later in Read More…
Currency futures were subdued on Monday as the dollar rebounded amid an increase in Fed rate hike expectations. Tensions in the Middle East escalated further over the weekend, leading to the closure of the Strait of Hormuz. As a result, oil prices jumped, fueling inflation worries. Meanwhile, market participants are cautiously awaiting the US CPI Read More…
Interest futures recovered on Friday as market participants hoped for a de-escalation of tensions between the US and Iran. At the start of the week, the countries exchanged fire, causing panic and concerns about a full-blown war. At the same time, Trump said the ceasefire deal with Iran was over. Uncertainty hit markets last week Read More…
Oil prices jumped on Wednesday amid escalating tensions between the US and Iran. The US bombed Iran a day after two tankers were hit near the Strait of Hormuz. Market participants were concerned about supply disruptions after Iran warned it would close the Strait again. Meanwhile, FOMC minutes revealed a split among policymakers over the Read More…
Gold prices eased on Monday and Tuesday after reaching a two-week high on a downbeat US jobs report. The pullback came amid a return to strikes in the Strait of Hormuz, which has paused negotiations between the US and Iran. Meanwhile, market participants are looking forward to the FOMC meeting minutes for more cues on Read More…
Equities recovered on Monday as growth stocks found their footing amid an easing of Fed rate hike bets. The rebound came after a brief dip on Thursday due to a poor US jobs report. At the same time, progress in talks between the US and Iran supported risk appetite. Stocks had a strong week as Read More…
Currency futures had a strong week as the dollar fell after downbeat economic data. Market participants assessed manufacturing PMI and employment figures, which both missed the estimates. As a result, expectations of a Fed rate hike eased. At the same time, focus remained on talks between the US and Iran in Qatar. Dollar performance (Source: Read More…
