Gold prices steadied on Wednesday after plunging in the previous session due to a surge in Fed rate hike expectations. The US released an upbeat consumer inflation report that has put pressure on the Fed to increase borrowing costs. Meanwhile, the yellow metal jumped last week after the midterm election, which sent oil prices tumbling. Read More…
Equities rallied on Monday, recovering some of the losses made last week, as oil prices fell, easing inflation concerns. Oil dropped as the likelihood of an escalation in the Iran war fell after the midterm election. Initially, stocks had collapsed amid a tech rout due to AI concerns. Brent futures (Source: Bloomberg, ICE) The stock Read More…
Currency futures were weak on Monday after plunging in the previous session due to a robust US employment report. The dollar gained against most of its peers as the likelihood of a December rate hike increased. Meanwhile, the Republican loss during the midterm elections has eased concerns about an escalation in the Iran war. US Read More…
Interest futures gained on Thursday amid a migration to safe-haven assets due to a selloff in the US tech sector. The move came amid AI worries and as market participants grew cautious ahead of the non-farm payrolls report. At the same time, the US midterm election outcome lowered the likelihood of an escalation in the Read More…
Oil prices collapsed on Wednesday after Trump lost the midterm elections, increasing the odds of ending the Iran war. JD Vance blamed the war for their loss. Moreover, experts believe Democrats will now pressure the president to end the expensive war. Elsewhere, market participants are looking forward to the US non-farm payrolls report. Brent futures Read More…
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…
