Interest futures jumped on Thursday despite upbeat US inflation and sales data as Fed officials maintained the central bank would hold in October. As a result, the dollar and Treasury yields pulled back while interest futures jumped. Market participants have digested a set of pivotal reports from the US this week, including CPI, PPI, and Read More…
Oil paused its one week rally on Thursday as prices pulled back amid an increase in Fed rate hike expectations. However, increasing tensions in the Middle East has renewed worries about supply, especially through the Strait of Hormuz. Since Thursday last week, oil has gained as tensions between Yemen’s Houthi militants and Saudi Arabia intensified. Read More…
Gold prices remained range-bound ahead of crucial US data on inflation and retail sales. Traders remained cautious, as these numbers will shape the outlook for the October Fed meeting. At the same time, focus remained on the conflict between the Houthis and Saudi Arabia, which intensified, sending oil prices higher. Spot gold (Source: Bloomberg) Gold Read More…
Equities pulled back on Monday after closing last week with gains amid a rebound in the tech sector. At the same time, sentiment improved after reports that Russia would supply diesel to the global market. However, in the new week, market participants were cautious ahead of major earnings reports and the pivotal US CPI data. Read More…
Currency futures were on the back foot at the start of a new week as the dollar remained near an 18-month high. Demand for the greenback increased as tensions in the Middle East escalated, hurting risk appetite. Meanwhile, market participants are expecting the US CPI report due on Wednesday this week. Dollar bets (Source: CFTC) Read More…
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…
