Currency futures fell on Friday while the US dollar jumped after a blockbuster employment report lowered Fed rate cut expectations. At the same time, demand for the dollar remained high after several upbeat US economic reports. US employment (Source: Bureau of Labor Statistics) It was a green day for the dollar after the US released Read More…
Interest futures fell on Thursday and Friday as Treasury yields rose while Fed rate cut expectations fell after upbeat US data. Market participants moved to price a higher chance of a small rate cut during the November meeting. Since Tuesday, interest futures have declined as the outlook for rate cuts in the US shifted. The Read More…
Oil prices have rallied since Wednesday due to supply concerns stemming from increased tensions in the Middle East. However, a build in US crude inventories indicated weak demand, weighing on prices. Brent futures (Source: ICE) The conflict between Iran and Israel escalated when Iran fired 180 missiles at its opponent. Meanwhile, Israel vowed to hit Read More…
Gold prices pulled back slightly after rallying and ending higher on Tuesday due to escalating Middle East tensions. The conflict between Iran and Israel raised fears of a wider war, leading to a scramble for safety in the yellow metal. On Monday, gold prices dropped after Powell delivered a slightly hawkish speech. Initially, traders had Read More…
Equities ended at record highs on Monday despite a hawkish speech from Powell that led to a drop in rate cut expectations. At the same time, market participants were gearingequ up for a new quarter and week packed with critical US economic data. Last week, equities had risen on Friday after US inflation data revealed Read More…
Currency futures were mixed on Friday and Monday amid several economic and political changes in different countries. Meanwhile, the dollar fell after inflation data revealed softer-than-expected numbers. US core inflation (Source: Bureau of Economic Analysis) The US core PCE price index report on Friday revealed a 0.1% increase in August, smaller than the forecast of Read More…
Interest futures rose on Thursday and Friday as Treasury yields eased amid rising Fed rate cut expectations. However, the move was subdued as market participants waited for the core PCE inflation figures. Treasury yields eased on Thursday despite upbeat US data. The outlook for Fed rate cuts remains quite dovish, with investors pricing a 50% Read More…
Oil prices fell on Wednesday and Thursday as concerns about supply disruptions in Libya eased after a deal to end the conflict. At the same time, market participants were worried about a planned increase in Saudi Arabia’s oil production. Oil chart (Source: Bloomberg, ICE) Libya, a significant oil producer, had slashed production due to conflict Read More…
Gold prices eased slightly on Wednesday after reaching new highs in the previous session. The rally came after the People’s Bank of China announced stimulus measures to support the economy. At the same time, the dollar dropped after economic data revealed that US consumer confidence missed forecasts. China’s stimulus package, announced on Tuesday, boosted commodities Read More…
Equities edged higher on Tuesday after closing strong in the previous session amid optimism for a soft Fed landing. Furthermore, dovish comments from policymakers increased expectations for more rate cuts in 2024. The Fed kicked off its easing cycle on Wednesday last week, triggering a rally in equities. Most policymakers voted to cut rates by Read More…
