Equities ended last week high and made no move on Monday as US markets remained closed for a bank holiday. Prices fluctuated throughout the week amid mixed economic data from the US and hawkish Fed signals. At the same time, market participants reacted to Trump’s moves on tariffs. At the start of the week, Powell Read More…
Currency futures rose on Friday and extended the rally this week as the dollar eased due to a poor retail sales report. At the same time, the greenback was weak after Trump delayed implementing a reciprocal tariff to give time for investigations. US sales (Source: US Commerce Department) The US retail sales report on Friday Read More…
Interest futures hovered near Thursday’s highs when Treasury yields collapsed due to delays on Trump’s reciprocal tariffs. However, since Friday last week, interest futures have collapsed due to upbeat US economic data and a decline in Fed rate cut expectations. Thursday was a bullish day for interest futures after Trump announced a period of investigations Read More…
Oil prices ended 2% lower on Wednesday after news of a likely end to the Russia-Ukraine war under Trump’s administration. At the same time, US inflation data came in higher than expected, dashing Fed rate cut expectations. WTI futures (Nymex) During his campaigns, Donald Trump said he would not allow the Ukraine war to continue Read More…
On Tuesday, gold prices reached an all-time high as investors scrambled for safety amid tariff uncertainty. Trump announced a 25% tariff on steel and aluminum imports, increasing fears of trade wars. However, bullion retreated after Powell’s hawkish speech. Moreover, market participants are awaiting the crucial US consumer inflation figures for more clues on the outlook Read More…
Equities ended higher on Monday after Trump announced new tariffs on steel and aluminum products, boosting the outlook for the US economy. Meanwhile, market participants were gearing up for Powell’s speech and the upcoming US inflation figures for clues on future monetary policy. On Sunday, Trump announced a 25% tariff on steel and aluminum imports Read More…
Currency futures eased on Friday amid concerns of trade wars after Trump announced more tariffs. However, some rebounded on Monday as market participants geared up for crucial US consumer inflation figures this week that will shape the outlook for Fed rate cuts. These two factors will continue shaping market movements this year. Trading survey (Source: Read More…
Interest futures held near recent peaks as Treasury yields collapsed after Trump paused tariffs on Canada and Mexico. The pause also came as market participants eagerly awaited the US nonfarm payrolls report for insight into the Fed’s policy path. US 10-year Treasury yields (Source: Bloomberg) Interest futures have risen since Tuesday when Trump paused expected Read More…
Oil prices collapsed on Wednesday after data revealed an unexpected surge in US crude oil inventories, pointing to weak demand. At the same time, concerns about a trade war between China and the US put downward pressure on prices. Data on Wednesday revealed that US crude inventories rose by 8.664 million barrels last week. Meanwhile, Read More…
Gold prices extended gains on Wednesday as investors scrambled for safety in the yellow metal amid fears of a trade war between the US and China. Meanwhile, data in the previous session revealed some weakness in the US labor market, putting pressure on the Fed to cut rates. However, market participants are more focused on Read More…
