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…
Interest futures collapsed on Thursday, extending the previous session’s move as Fed rate hike expectations increased. Comments from US and Iranian officials at the UN showed simmering tensions. As a result, oil prices jumped, raising inflation worries and sending rate hike expectations higher. Initially, the bond market had been on a slow uptrend as oil Read More…
Oil prices held on to Wednesday’s gains after comments at the UN showed tensions between the US and Iran remained high. This was the first bullish session since Wednesday last week, when the Fed hiked interest rates. The decline over the past week came as supply concerns eased and traders cheered a brief pause in Read More…
Gold prices were down on Wednesday for the third consecutive session as the outlook for higher global interest rates weighed on the non-yielding metal. At the same time, a rally in the dollar has made bullion more expensive for overseas buyers. Prices have declined despite a drop in oil prices as traders hope for a Read More…
Equities soared on Monday as growth stocks rebounded amid a decline in oil prices and Treasury yields. Oil fell after reports indicated that Trump was ready to talk with Iran at the UN meeting. At the same time, supply worries eased last week as the US military ensured continued oil transport through Oman’s coast. Last Read More…
Currency futures pulled back on Monday as the dollar strengthened with market focus returning to US monetary policy. Meanwhile, oil prices extended last week’s declines as supply concerns eased. Saudi Arabia has made efforts to continue supplying oil despite the damage to a major pipeline that bypasses the Strait of Hormuz. Bloomberg dollar index (Source: Read More…
Interest futures rose on Thursday as focus shifted from the FOMC meeting to falling oil prices. The Fed hiked interest rates as expected and signaled at least one more hike this year. The expectations of this move had boosted Treasury yields, hurting interest futures. Meanwhile, oil supply concerns eased with Saudi Arabia pursuing alternative routes, Read More…
Oil prices eased on Wednesday after reports that the damaged Saudi Arabian pipeline would be operational in a few days. At the same time, a hawkish FOMC meeting boosted the dollar, making oil more expensive for foreign buyers. Nevertheless, with tensions still high in the Middle East, prices might resume their rally. Brent futures (Source: Read More…
Gold prices edged lower on Tuesday as traders awaited a likely rate hike during the FOMC meeting set for Wednesday. Rate hike expectations have risen significantly in the past week due to a surge in oil prices. The tensions in the Middle East have caused inflation worries, putting most major central banks on high alert. Read More…
