Interest futures edged higher on Friday as investors awaited the release of the U.S. NFP report for March, a critical indicator that could influence the Federal Reserve’s upcoming monetary policy decisions. The CME Group’s FedWatch tool indicates a 68% probability of a rate cut at the Federal Reserve’s June meeting, down from 78% the previous Read More…
Crude oil prices became volatile after the US President announced trade tariffs on all imports, with a baseline of 10% or higher, affecting major trade partners. Market sentiment soured due to caution despite a tariff exemption on the oil imports. The major partners, including China and Europe, will be largely impacted, raising concerns about global Read More…
Gold prices edged higher on Wednesday after pulling back from a new all-time high hit in the previous session. This week’s rally came amid uncertainty regarding Trump’s tariffs. Gold benefitted from increased demand for safe-haven assets. Gold (Source: Bloomberg) Global trade tensions have escalated since Trump started his tariff campaign. At the same time, the Read More…
Equities rebounded from their lows on Monday but remained fragile ahead of more Trump tariffs. At the same time, market participants look forward to crucial US monthly employment data for clues on Fed policy. Equities weekly change (Source: Bloomberg) Equities collapsed last week to end the quarter down as it became clear Trump will proceed Read More…
Currency futures gained on Friday and extended the moves on Monday as the dollar collapsed amid fears of stagflation. Market participants worried that more US tariffs would weaken economic growth and boost inflation. At the same time, data on Friday revealed an unexpected surge in US underlying inflation. On Friday, a decline in the US Read More…
Interest futures recovered on Friday ahead of crucial US inflation data that will shape the outlook for Fed rate cuts. However, in the previous sessions, prices collapsed as Treasury yields and the dollar recovered amid upbeat data and expectations of more US tariffs. Investors are looking forward to the US core PCE price index report Read More…
Oil prices pulled back on Thursday as investors worried about the implications of an automobile tariff on oil demand. At the same time, market participants worried about Trump’s tariffs and escalating trade wars that would hurt global oil demand. Oil dropped Thursday after Trump confirmed a 25% tariff on vehicle imports to the US starting Read More…
Gold prices extended gains on Wednesday as uncertainty regarding Trump tariffs dampened risk appetite. More tariffs will escalate trade tensions, hurting the global economy. At the same time, investors worry about a spike in inflation due to an increase in the cost of most goods. The ongoing trade policy changes in the US have shifted Read More…
Equities rallied on Monday as risk appetite rebounded after reports that Trump would take a more measured approach to tariffs in April. At the same time, an upbeat business activity report eased fears of a US recession, further boosting risk appetite. S&P 500 (Source: Bloomberg) On Monday, markets rebounded after news that Trump was ready Read More…
Currency futures eased on Monday as the dollar strengthened after upbeat US business activity data. At the same time, risk appetite fell as market participants gear up for more Trump tariffs in April. The outlook for the global economy remains dim amid escalating trade wars. Data on Monday revealed that US business activity jumped in Read More…
