Interest futures recovered on Thursday after slightly dovish Fed remarks sent Treasury yields lower. However, underlying fundamentals still point to further downside. Tensions in the Middle East have sent oil prices higher, rekindling inflation worries. As a result, Fed rate hike bets have increased significantly from a week ago. The recent collapse in the bond Read More…
Oil prices soared to levels last seen in July as tensions in the Middle East escalated. After pausing for almost a month, the US and Iran were back to missile and drone attacks
Gold prices collapsed on Tuesday as rising tensions in the Middle East ignited inflation worries, sending Treasury yields higher. At the same time, Fed rate hike expectations continued rising after Warsh’s hawkish comments on Friday.
Equities fell on Monday as oil prices rose after the US attacked an Iranian island in the Strait of Hormuz. Iran retaliated by targeting US bases in Jordan, causing worries about an escalation.
Currency futures were subdued on Monday as the dollar remained elevated after Friday’s rally. The greenback soared after the Fed Chair’s comments increased rate hike expectations.
Interest futures were down on Friday as market participants looked forward to key speeches during the Jackson Hole symposium. Meanwhile, a surge in oil prices on Wednesday and Thursday supported Treasury yields, hurting bonds.
Oil prices fell on Thursday after Iran reached a deal with Oman to manage the Strait of Hormuz. At the same time, market participants were relieved when the US chose to use sanctions against Iran.
Gold paused its recent rally on Wednesday as market participants cautiously awaited the US core PCE price index report.
Equities were subdued on Tuesday as investors cautiously awaited Nvidia’s earnings report. At the same time, traders are looking forward to US inflation figures, which will shape the outlook for Fed rate hikes.
Currency futures started the week on a strong footing as the US dollar struggles to regain momentum. The greenback remains near multi-month lows
