Interest futures recovered on Thursday after a successful 30-year bond auction. At the same time, Trump said he would not bomb Iran until after the midterm elections, easing concerns about higher fuel prices and hotter inflation. However, underlying fundamentals still indicate further downside for bonds. The US Treasury Department announced a bigger-than-expected sale of 30-year Read More…
Oil has remained subdued in a tight range in recent days amid easing supply worries. Middle East exports have gradually recovered and are nearing pre-war levels. At the same time, G7 countries agreed on Friday to release diesel and crude stocks to loosen the market. However, reports on Wednesday revealed that Trump might resume bombing Read More…
Gold prices eased on Wednesday as elevated yields hurt demand for the yellow metal. Treasury yields have remained near multi-decade highs despite a decline in Fed rate hike expectations. A poor employment report on Wednesday increased chances that the Fed will keep interest rates unchanged in October. Spot gold (Source: Bloomberg) Bullion has collapsed in Read More…
Equities soared on Monday, continuing Friday’s move as investors cheered a decline in Fed rate hike expectations. The tech sector shone with stocks like Nvidia and Micron leading the rally. Market participants are now looking forward to the FOMC meeting minutes due on Wednesday for more cues on future policy moves. S&P 500 (Source: Bloomberg) Read More…
Currency futures were weak on Monday after a difficult week amid rising global yields. Meanwhile, the dollar extended last week’s gains as demand for US assets rose. At the same time, traders are scrambling for safety in the dollar as global bonds plunge and geopolitical risks rise. The increased demand overshadowed a drop in bets Read More…
Interest futures paused their recent collapse on Thursday as oil supply concerns eased after the damaged Saudi Arabian pipeline became operational. However, the recent rally in yields has weighed heavily on bonds and could continue amid geopolitical risks. Meanwhile, market participants are looking forward to the US monthly employment report for more clues on monetary Read More…
Oil prices recovered on Wednesday after downbeat US inflation data sent the dollar lower, making the commodity cheaper for foreign buyers. However, a rebound in oil exports from the Middle East eased global supply worries, putting a lid on gains. US inflation data on Wednesday showed that the core PCE price index rose 0.2%, below Read More…
Gold prices rebounded on Tuesday after collapsing to an over 7-week low in the previous session. The recovery was a pause in the drop, driven by a surge in Treasury yields and bets on a Fed rate hike. Uncertainty over a deal between the US and Iran sent oil prices higher last week, increasing inflation Read More…
Equities dropped at the start of the new week as Treasury yields extended last week’s gains. Uncertainty surrounding the war in Iran heightened inflation concerns. Consequently, there was a sharp increase in bets for an October Fed rate hike that boosted yields. Meanwhile, growth stocks, especially in the tech sector, dropped. 10-year yield (Source: Bloomberg) Read More…
Currency futures edged lower on Monday as the dollar resumed its rally after Trump rejected Iran’s proposal. Talks at the UN only revealed heated tensions between the US and Iran, sending oil prices higher. With this, inflation concerns increased, and Fed rate hike expectations jumped, boosting the greenback. Meanwhile, other major currencies like the euro Read More…
