Gold futures are recovering after plummeting from a record high of $5,595 an ounce in January. On November 4, spot gold traded around $4,000, up about 1% amid a weaker US dollar and falling Treasury yields. However, the broader fundamental picture remains mixed, with monetary policy, geopolitical developments, and institutional demand shaping the market outlook. Read More…
Equities extended declines on Tuesday as investors awaited the outcome of the US midterm elections. Stocks collapsed on Friday, ending October down as the tech sector suffered after a set of downbeat earnings reports. The only thing putting a floor on declines was the hope that talks between the US and Iran would resume. Nasdaq Read More…
Currency futures were range-bound on Monday as market participants remained cautious ahead of the US midterm elections. At the same time, traders are eagerly awaiting the US non-farm payrolls report and major central bank policy meetings. Last week, traders focused on reports of talks in the Middle East, leaving currency futures mixed. Moreover, major central Read More…
Interest futures extended gains on Friday while Treasury yields pulled back as efforts to resume talks between the US and Iran eased inflation concerns. However, there is still a high chance that tensions will escalate after the US midterm election. Moreover, after Wednesday’s FOMC policy meeting, it is clear that the Fed still has work Read More…
Oil prices pulled back on Thursday amid expectations that direct talks between the US and Iran would resume. However, prices had rallied in the previous session after reports that Trump had warned Gulf countries to prepare for an intense military campaign in the region in November. Prices soared on Wednesday as market participants worried about Read More…
Gold recovered on Monday and Tuesday after a bearish week as traders applauded the resumption of indirect talks between the US and Iran. Oil prices fell, easing inflation worries and concerns about higher global borrowing costs. However, market participants turned cautious early Wednesday ahead of the FOMC policy meeting. Spot gold (Source: Bloomberg) Reports revealed Read More…
Equities gained on Monday as the AI sector recovered and traders looked forward to major corporate earnings. At the same time, market participants were eagerly awaiting the FOMC policy meeting. Meanwhile, reports of Qatari mediators in Tehran eased concerns about an escalation in the war between the US and Iran. Tech stocks recovered at the Read More…
Currency futures traded cautiously on Monday as market participants awaited several major central bank policy meetings. At the same time, traders are keeping an eye on developments in the Middle East. Inflation worries eased after reports that mediators from Qatar were in Iran on Sunday. October rate hike chances (Source: Bloomberg WIRP) The new week Read More…
Interest futures rallied on Thursday as Treasury yields collapsed amid a surge in demand for safe-haven assets. Market participants scrambled for safety in bonds due to geopolitical risks and a decline in the US tech sector. Investors are now looking ahead to next week’s FOMC policy meeting, which will shape the outlook for rate hikes. Read More…
Oil prices rose on Thursday as geopolitical tensions escalated, renewing supply worries. Fresh attacks on tankers passing through the Strait of Hormuz threatened the recovering oil flows. At the same time, the Houthis continue to attack energy facilities in Saudi Arabia. However, reports that Russian oil could increase in the global market capped gains. Middle Read More…
