Currency futures fell last week as the dollar rallied after a hawkish Fed meeting raised expectations of a sharp increase in the Fed rate. Meanwhile, the peace deal between the US and Iran helped ease inflation concerns as oil prices fell during the week. However, over the weekend, Iran announced the closure of the Strait Read More…
Interest futures rallied on Thursday as market participants eagerly awaited the signing ceremony of the US-Iran peace deal. Optimism over an end to the Iran war and a reopening of the Strait of Hormuz have supported bonds in recent days. However, a hawkish Fed meeting on Wednesday capped gains. Interest futures, like most other asset Read More…
Oil extended declines on Thursday as traders anticipated a surge in supply after the US and Iran announced a peace deal. The deal, when signed, will reopen the Strait of Hormuz, easing supply disruptions. Meanwhile, market participants assessed the FOMC policy meeting, during which officials voted to keep interest rates unchanged. The news of a Read More…
Gold remained elevated on Tuesday as the opportunity cost of holding the precious metal fell after news of a US-Iran peace deal. After the announcement over the weekend, traders slashed bets for a December Fed rate hike. At the same time, market participants are awaiting the FOMC policy meeting to assess policymakers’ remarks. The rally Read More…
Equities rallied on Monday as traders applauded the news of a peace deal between the US and Iran. Meanwhile, oil prices collapsed, easing inflation worries. However, some analysts have warned that it could take time before supply returns to normal. Elsewhere, market participants are eagerly awaiting the FOMC policy meeting for clues on future Fed Read More…
Currency futures jumped on Monday as the dollar declined after reports of a deal to end the Iran war. The news which came out over the weekend boosted risk appetite and eased inflation concerns. Meanwhile, market participants are gearing up for the FOMC policy meeting. Dollar performance (Source: Bloomberg) The dollar ended last week lower Read More…
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…
