Interest futures traded near highs hit in the previous session as a rapid decline in oil prices sent treasury yields lower. However, there was some downward pressure from a strong dollar amid an increase in Fed rate hike expectations. WTI crude oil futures (Source: Bloomberg) Bonds have benefited greatly from the closing of a peace Read More…
Oil prices fell nearly 4% on Wednesday, extending declines caused by the reopening of the Strait of Hormuz. Meanwhile, market participants are paying close attention to ongoing talks between the US and Iran for a longer-lasting peace deal. Brent futures (Source: ICE Futures Europe) Sentiment in the oil market shifted significantly last week after the Read More…
Gold continued sliding on Tuesday as demand fell amid a rally in Treasury yields. The precious metal started falling after the Fed held a surprisingly hawkish stance last week. Afterwards, rate hike expectations soared, increasing the opportunity cost of holding gold. It also overshadowed optimism from easing geopolitical tensions in the Middle East. Bullion has Read More…
Equities eased slightly on Monday, dragged down by the tech sector, as yields remained elevated after last week’s FOMC meeting. The tech decline overshadowed optimism as the US and Iran made great progress in their talks in Switzerland. Market participants are also looking forward to the US PCE price index report, which will give more Read More…
Currency futures fell last week as the dollar rallied after a hawkish Fed meeting raised expectations of a sharp increase in the Fed rate. Meanwhile, the peace deal between the US and Iran helped ease inflation concerns as oil prices fell during the week. However, over the weekend, Iran announced the closure of the Strait Read More…
Interest futures rallied on Thursday as market participants eagerly awaited the signing ceremony of the US-Iran peace deal. Optimism over an end to the Iran war and a reopening of the Strait of Hormuz have supported bonds in recent days. However, a hawkish Fed meeting on Wednesday capped gains. Interest futures, like most other asset Read More…
Oil extended declines on Thursday as traders anticipated a surge in supply after the US and Iran announced a peace deal. The deal, when signed, will reopen the Strait of Hormuz, easing supply disruptions. Meanwhile, market participants assessed the FOMC policy meeting, during which officials voted to keep interest rates unchanged. The news of a Read More…
Gold remained elevated on Tuesday as the opportunity cost of holding the precious metal fell after news of a US-Iran peace deal. After the announcement over the weekend, traders slashed bets for a December Fed rate hike. At the same time, market participants are awaiting the FOMC policy meeting to assess policymakers’ remarks. The rally Read More…
Equities rallied on Monday as traders applauded the news of a peace deal between the US and Iran. Meanwhile, oil prices collapsed, easing inflation worries. However, some analysts have warned that it could take time before supply returns to normal. Elsewhere, market participants are eagerly awaiting the FOMC policy meeting for clues on future Fed Read More…
Currency futures jumped on Monday as the dollar declined after reports of a deal to end the Iran war. The news which came out over the weekend boosted risk appetite and eased inflation concerns. Meanwhile, market participants are gearing up for the FOMC policy meeting. Dollar performance (Source: Bloomberg) The dollar ended last week lower Read More…
