Gold futures’ recent leg higher is being driven by an unusually concentrated mix of politics, policy, and positioning. The immediate catalyst is President Trump’s hard line on acquiring Greenland and his threats of aggressive tariffs on multiple European allies, including a 200% levy on French wine and champagne. Markets are reading this as a serious Read More…
US equities enter the week under pressure, with futures pointing sharply lower as investors react to President Trump’s latest tariff threats on key European allies over Greenland. Dow, S&P 500, and Nasdaq 100 futures are all indicating a weak open after the Martin Luther King holiday, marking the first full market response to plans for Read More…
Currency futures are strongly bid against the US dollar as the new week begins, largely due to heightened US political risk and new US-Greenland and trade-war headlines. Despite stronger US economic data, the situation is limiting the greenback’s recovery. Tariffs on the UK and Europe have lowered USD sentiment, supporting pound futures (6B). If the Read More…
US interest futures are pointing to a “later and milder” easing cycle because markets now expect the Fed to be patient rather than make a quick change. The front of the Fed funds strip (F26 and G26 contracts running from January to March 2026) trades close to the current rates. So, the policy will likely Read More…
Oil is being pulled between fading headline risk and still‑elevated geopolitical uncertainty. On Thursday, prices swung sharply lower, with Brent and WTI dropping more than 3%. This came after comments from President Trump suggesting killings in Iran’s protests were easing and that Washington was not on the verge of military action. That took some heat Read More…
Gold futures are trading near record territory as the macro backdrop increasingly supports higher prices. Spot gold briefly hit a new all-time high around $4,635 an ounce, while front-month futures pulled back slightly to settle near $4,599 after the initial spike. Even with that intraday reversal, the broader picture remains exceptionally strong; over the past Read More…
US equities ended a chaotic day higher, despite renewed uncertainty from the Federal Reserve over politics and policy. Major indices closed at record levels after early losses related to Federal Reserve Chair Jerome Powell’s investigation were reversed. The Dow Jones Industrial Average increased 0.17% to 49,590, up 86 points. Nasdaq Composite up 0.26% to 23,733, Read More…
Currency futures markets are navigating a complex mix of political risk, concerns about the Fed’s independence, and shifting expectations regarding interest rates. Major futures contracts are moving in different directions in different regions. Japanese Yen futures (6J) remain under strong selling pressure amid political instability in Japan, making it more difficult to anticipate when the Read More…
US interest futures got a lot of attention since an unusual trade occurred in the Fed Funds futures market just days before a key US jobs report. On Tuesday, the largest trade in this market to date occurred: a single block trade of 200,000 January Fed Funds futures contracts. The size alone has led to Read More…
Crude oil struggles near the $56.00 level during the earlier European session after several days of losses. Prices remain under pressure amid renewed supply concerns following President Trump’s comments about Venezuela’s oil flows. This keeps traders cautious despite slightly supportive fundamentals. President Trump mentioned that Venezuelan authorities agreed to supply 30-50 million barrels of sanctioned Read More…
