Most currency futures fell on Friday as the US dollar rebounded after an unexpectedly cautious Bank of Japan policy meeting. Meanwhile, the pound remained an outlier as UK data revealed better than expected sales figures. Japanese Yen (Source: Bloomberg) Market participants expected a more hawkish tone from the Bank of Japan. Before the meeting, policymakers Read More…
Interest futures fell on Thursday and Friday as investors preferred riskier assets like equities after the Fed delivered a massive rate cut. Moreover, a significant drop in US jobless claims increased risk appetite, sending more investors to Wall Street. On Wednesday, the Federal Reserve cut interest rates by 50-bps, ending months of speculation on the Read More…
Oil prices recovered on Thursday after falling in the previous session due to a super-sized Fed rate cut. However, Middle East tensions kept a floor on price declines. At the same time, crude inventory data showed a bigger-than-expected decline. WTI futures (Source: Bloomberg) On Wednesday, the US central bank cut interest rates by 50-bps, catching Read More…
Gold prices recovered on Wednesday after falling in the previous session as US data supported the case for a gradual pace of Fed rate cuts. Initially, prices rose as the likelihood of a 50-bps rate cut rose last week. However, despite the slight pullback, investors remain optimistic about a looming Fed rate cut. Data on Read More…
Equities had a mixed day on Monday. Major tech stocks dragged the Nasdaq lower, while the S&P 500 and the Nasdaq gained ahead of an anticipated rate cut at the FOMC meeting on Wednesday. Tech stocks performance (Source: Bloomberg) Apple shares dropped by 2.7% after an analyst noted that demand for the iPhone 16 models Read More…
Currency futures extended Friday’s rally on Monday as the dollar fell to an almost nine-month low due to increased Fed rate cut expectations. The outlook for rate cuts shifted suddenly, with market participants moving to price a higher chance of a 50-bps rate cut. Earlier last week, a set of inflation reports convinced markets that Read More…
Interest futures fell on Thursday before recovering on Friday due to fluctuations in Fed rate cut expectations. Market participants went from expecting a 25-bps rate cut next week to pricing a higher likelihood of a more significant rate cut. US wholesale inflation (Source: Bureau of Labor Statistics) Investors were initially more convinced that the Fed Read More…
Oil prices rose Wednesday and Thursday as Hurricane Francine ripped through the US, raising fears of supply disruptions. At the same time, investors remained concerned about demand after OPEC trimmed its forecasts for this year and 2025. Hurricane Francine has caused a lot of supply disruptions that have put a premium on oil prices. The Read More…
Gold prices rose on Tuesday and Wednesday before pulling back after the crucial US inflation data. Initially, the bullish move was subdued as most traders preferred to wait on the sideline. At the same time, the US presidential debate on Tuesday favored Kamala, leading to a drop in the dollar. This made gold cheaper for Read More…
Equities rose 1% on Monday, recovering from last week’s plunge ahead of crucial US inflation data. Investors sold stocks the previous week due to fears about the economy after a set of poor reports. S&P 500 weekly change (Source: Bloomberg) Notably, the manufacturing and labor sectors showed weakness, creating economic uncertainty. However, by Monday, calm Read More…
