Gold prices rose on Tuesday and Wednesday amid safe-haven demand due to political uncertainty in South Korea and France. However, it eased slightly when the US released upbeat employment data in the previous session. Market participants now look forward to the crucial US nonfarm payrolls for clues on future Fed policy moves. Gold (Source: Bloomberg) Read More…
Equities ended at record closes on Monday due to increased bets for a December Fed rate cut. Meanwhile, there was anticipation ahead of crucial US data and Fed policymaker remarks. Notably, stocks ended November in the green due to the Trump trade. Some of this optimism might spill into December. S&P 500 index (Source: Bloomberg) Read More…
Currency futures extended Friday’s move when the dollar ended the week down amid the US Thanksgiving holiday. At the same time, the greenback was weak as market participants geared up for key US economic reports. The dollar had a bearish week as market focus shifted from Trump’s win to the looming Fed policy meeting. However, Read More…
Interest futures had a strong rally this week as the Trump trade faded and data solidified bets for a December Fed rate cut. Meanwhile, Treasury yields and the US dollar eased from their peaks amid thin holiday trading on Thursday and Friday. The dollar and Treasury yields have rallied in November after Trump won the Read More…
Oil prices held flat on Thursday as the US observed the Thanksgiving holiday. Moreover, US crude and gasoline inventories data in the previous session revealed a mixed picture of demand. Data on Wednesday revealed that US gasoline inventories increased by 3.3 million barrels. Meanwhile, economists had expected a 46,000 barrel draw. At the same time, Read More…
Gold rebounded on Wednesday as the dollar fell ahead of crucial US inflation data. In the previous two sessions, gold eased amid reports of a looming ceasefire in the war between Israel and Hezbollah. Moreover, Trump’s pick for the next US Treasury Secretary boosted the dollar and weighed on the yellow metal. The greenback paused Read More…
The US equities gained on Monday amid optimism stemming from speculations about the Israel-Hammas ceasefire. However, the gains reversed and closed the day in negative territory. The US stocks stayed flat on Tuesday as investors went perplexed amid new tariff threats imposed by President-elect Donald Trump. Trump proposes 25% tariffs on imports from Canada and Read More…
Most currency futures fell on Friday as the dollar rallied on upbeat business activity data. The trend continued on Monday as dollar bulls applauded Trump’s Treasury Secretary nomination. However, the Canadian dollar traded near a high hit on Friday after upbeat sales data. Trump nominated Scott Bessent as the new Treasury Secretary. The dollar rose Read More…
Interest futures fell on Thursday as the dollar, and Treasury yields rose on upbeat US employment data. However, by Friday, prices recovered as market participants awaited the US manufacturing and services PMI figures. US jobless claims (Source: Labor Department) Data on Thursday revealed that US initial jobless claims fell from 219,000 to 213,000 last week. Read More…
Oil prices rebounded on Thursday amid supply concerns as the war between Russia and Ukraine escalated. In the previous session, oil ended down as US crude inventories came in higher than expected. The war between Russia and Ukraine escalated on Thursday as the two countries exchanged missiles. This came after Ukraine used US missiles to Read More…
