Currency futures gained last week as the dollar collapsed after data indicated slower-than-expected growth in the second quarter. At the same time, the core PCE number missed forecasts, leading to a drop in Fed rate hike expectations. The move was extended on Monday after, over the weekend, it was said that the US would start Read More…
Interest futures recovered on Friday after collapsing in the previous sessions amid an escalation in the Iran war. The rebound came late Thursday after the US released a set of downbeat economic data. The GDP and inflation numbers eased Fed rate hike expectations. Wednesday witnessed the biggest collapse in interest futures after the US hit Read More…
Oil prices soared on Wednesday as Trump said the US would retaliate after Iran targeted a US base in Jordan. The surge dampened earlier expectations of peace after the conflict paused over the weekend. The two countries had resumed talks, which were going well. Elsewhere, the Fed kept interest rates unchanged. At the start of Read More…
Gold collapsed on Tuesday as the surge in oil prices and subsequent inflation worries boosted Fed rate hike expectations. At the same time, the stronger dollar made gold more expensive for foreign buyers. Meanwhile, market participants are looking forward to the FOMC policy meeting for more clues on the path of monetary policy. The yellow Read More…
Equities ended down on Monday after a brief spike as investors applauded the pause in US-Iran strikes and the increased likelihood of de-escalation. Meanwhile, market participants are gearing up for major earnings reports and the FOMC policy meeting. The US stock market declined the previous week amid tensions in the Middle East, which clouded the Read More…
Currency futures recovered on Monday after the US paused its two-week-long attacks on Iran. The pause boosted risk sentiment and sent oil prices lower. Meanwhile, the dollar pulled back as demand for safe-haven assets declined. Market participants were also optimistic after reports that China was pushing for diplomacy in the Middle East. Dollar performance (Source: Read More…
Interest futures were heading for a very bearish close to the week on Friday amid geopolitical tensions that sent oil prices soaring. Expensive fuel will most likely drive inflation higher, boosting bets on Fed rate hikes. As these go up, Treasury yields climb while the bond market suffers. Bond futures have collapsed since Monday as Read More…
Oil prices rallied to new highs on Wednesday after the US started its eleventh consecutive day of strikes on Iran. Meanwhile, Iran has been busy attacking US facilities in Gulf countries like Kuwait. The escalating tensions have intensiied supply disruptions, tightening a market that had started loosening. Tensions between the US and Iran have escalated Read More…
Gold prices rose by over 1% on Tuesday amid hopes for a ceasefire in the Middle East. The yellow metal has also remained strong as the dollar faced downward pressure after last week’s downbeat inflation report. Market participants are now looking forward to next week’s FOMC policy meeting. Spot gold (Source: Bloomberg) Gold has held Read More…
Equities fell on Monday as a spike in oil prices fueled inflation worries. Oil has recovered from lows hit after the US and Iran signed a new ceasefire deal. The rebound has resulted from the recent escalation of tensions between the two. At the same time, a decline in the tech sector weighed on stocks. Read More…
